Join our seasoned tax and estate planning attorneys on Wednesday, May 17th in Norfolk for the Williams Mullen Spring Tax Forum. Breakfast will be provided.
This program will dig into complex private equity structures, how...more
4/21/2023
/ Business Entities ,
Business Losses ,
Business Taxes ,
Continuing Legal Education ,
Convertible Debt ,
Estate Planning ,
Events ,
Partnerships ,
Private Equity ,
Safe Harbors ,
Tax Planning ,
Wealth Management
The U.S. Department of Treasury and the Internal Revenue Service recently issued final regulations (“the Final Regulations”) regarding certain aspects of so-called carried interest under Section 1061 of the Internal Revenue...more
2/9/2021
/ Bona Fide Purchaser ,
Capital Gains ,
Carried Interest ,
Final Rules ,
Holding Periods ,
Internal Revenue Code (IRC) ,
IRS ,
Partnerships ,
REIT ,
Related Parties ,
Tax Cuts and Jobs Act ,
U.S. Treasury
As part of the 2017 tax overhaul, provisions were put in place that allowed those holding property for rental purposes to write off up to a fifth of their rental income for tax purposes. The deduction was included in Code...more
10/18/2019
/ Business Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Partnerships ,
Pass-Through Entities ,
Property Owners ,
Real Estate Brokers ,
Real Estate Investments ,
Rental Income ,
Revenue Procedures ,
S-Corporation ,
Safe Harbors ,
Sole Proprietorship ,
Tax Deductions ,
Tax Reform
On July 21, 2016, the IRS issued long-awaited regulations under Section 50 of the Internal Revenue Code (the “Code”) clarifying the manner in which “Section 50(d) Income” is to be recognized in lease pass-through investment...more
7/29/2016
/ Energy Sector ,
Energy Tax Incentives ,
Historical Rehabilitation ,
Income Taxes ,
Investment Property ,
Investment Tax Credits ,
IRS ,
Land Developers ,
Lessee ,
Partnerships ,
S-Corporation ,
Tax Credits
The Internal Revenue Service (“IRS”) released proposed regulations changing the analysis of whether a partner bears the economic risk of loss for a partnership liability under IRC Section 752. Also, the proposed regulations...more
The United States Tax Court recently issued its opinion in Crescent Holdings, LLC v. Commissioner, 141 T.C. No. 15 (12/2/13), a ruling regarding allocations of income attributable to an unvested partnership interest. The...more