Successful businesses choose an organizational structure based on its future goals. These businesses consider both the current and future capital needs of the business, owner’s liability for the actions of the business… read more
Alternative investments include a variety of different asset classes, such as hedge funds, private equity funds, limited partnerships, venture capital funds and funds of funds. The increasing use of alternative investments… read more
Chicago, IL, June 24, 2010 — As the economy recovers and companies look to expand, more of them are entering into partnerships. This talk will provide an overview of the state taxation of flow-through investments emphasizing… read more
Part Three: Federal Limits on State Taxing Power. This article is the final part of a three-part series on tax opportunities and issues facing nonresident owners of multistate flow-through entities (i.e., partnerships, limited… read more
It is late spring and you receive a K-1 from a Limited Liability Company (LLC) in which you are a member. On line 14 of the K-1, there is a number being reported to you: self-employment earnings. Is it correct? Should you… read more
As the deal market heats up and more businesses are bought and sold, buyers and sellers will regularly negotiate not only purchase price but also the tax structure of the deal. Indeed, the price and tax structure are inseparable.… read more
At the risk of appearing to be the boy who cried wolf, the prospects for a change in the tax treatment of carried interests held by alternative investment fund managers has increased markedly in the last few days. To wit:… read more
On February 13, 2010, the Internal Revenue Service (IRS) issued Rev. Proc. 2012-17, which for the first time specifically outlines when and how a partnership may use electronic media as the sole mechanism for delivering Schedules… read more