The Carried Interest Rule: Proposed Tax Changes for Partnerships or Limited Liability Companies

The U.S. House of Representatives recently passed the American Jobs and Closing Tax Loopholes Act of 2010. The Senate is now considering the bill and is expected to pass it with some modifications. The bill includes several important provisions that significantly change the tax consequences of investments in partnerships by service partners.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, General Business Updates, Constitutional Law Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Harwell Howard Hyne Gabbert & Manner, P.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »