X
11Aug

IRS clarifies holding period rules for profits interests and carried interests

The Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed Regulations”) that govern the tax treatment of certain equity interest under Section 1061 of the Internal Revenue Code of 1986, as amended (the “Code”). Specifically, the Proposed Regulations clarify certain applications of the three-year holding period rules and, as a result, taxpayers may need to reconsider certain aspects of profits interests and carried interests awards....
By: Thompson Coburn LLP
Source Url: https://www.jdsupra.com/legalnews/irs-clarifies-holding-period-rules-for-46384/

Related

Illinois Enacts Sweeping Legislation In Response To #MeToo Movement

Illinois recently enacted sweeping legislation in an effort to combat sexual harassment in the workp...

Read More >

COVID-19 Protocols for Arizona Contractors Will Vary Based on the Construction and Environment Involved

Due to recent and significantly increased spread of COVID-19, additional COVID-19 protocol guidance ...

Read More >

Privilege Protection for Antitrust Discussions In Mergers: New Guidance From the Frontlines

Few lawyers would question the need to keep their clients apprised of negotiations with enforcers, p...

Read More >

Federal District Court Dismisses Pension Actuarial Equivalence Lawsuit

A federal district court recently handed plan sponsors their first victory in a string of actuarial ...

Read More >

California Governor Newsom Signs Landscape-Changing Worker-Friendly Bills

On October 10, 2019, Governor Newsom signed AB 51 and AB 9 into law. These two worker-friendly laws ...

Read More >

What Am I Doing Wrong?? Common FMLA Mistakes

“What did I do wrong?” and “Am I doing this correctly” are frequent questions from clients regar...

Read More >