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IRS Releases Proposed Regulations on Carried Interest Under Section 1061 of the Code

The Internal Revenue Service (IRS) on July 31, 2020, published proposed regulations (Proposed Regulations) on the tax treatment of certain partnership interests held in connection with the performance of services (such...more

Treasury Department, IRS Issue Proposed Rules on Tax Impact of Transition from Libor

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly issued proposed regulations (Proposed Regulations) to address concerns and reduce uncertainty regarding the tax impact of the anticipated...more

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