The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025, brings important changes for investment funds. The OBBBA also omits several anticipated provisions that would have adversely impacted investment...more
8/5/2025
/ Carried Interest ,
Investment Funds ,
New Legislation ,
One Big Beautiful Bill Act ,
Pass-Through Entities ,
Private Equity ,
Qualified Small Business Stock ,
SALT ,
Tax Legislation ,
Tax Planning ,
Venture Capital
On May 28, 2025, the US Tax Court ruled that investment manager limited partners in Soroban Capital Partners were active limited partners and, as such, were ineligible for the limited partner exception to self-employment...more