On July 4, 2025, President Donald Trump signed into law extensive tax legislation as part of the One Big Beautiful Bill Act (OBBBA) that will impact the investment fund industry.
Perhaps one of the most important aspects...more
7/11/2025
/ Bonus Depreciation ,
Business Taxes ,
Carried Interest ,
Estate Tax ,
Investment Funds ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Qualified Small Business Stock ,
Tax Deductions ,
Tax Legislation ,
Tax Reform
On July 4, 2025, President Trump signed H.R. 1—referred to as the One Big Beautiful Bill Act (OBBBA). The OBBBA extends and makes permanent certain provisions in the 2017 Tax Cuts and Jobs Act (TCJA) that were set to expire...more
7/11/2025
/ Business Entities ,
Business Taxes ,
Corporate Taxes ,
Estate Planning ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Trump Administration
On December 23, 2024, the Tax Court ruled in Denham Capital Management LP v. Commissioner (T.C. Memo. 2024-114), that limited partners that actively participated in the activities of a fund manager formed as a state law...more
1/13/2025
/ Compliance ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
IRS ,
Limited Partnerships ,
Private Equity ,
Self-Employment Tax ,
Tax Court ,
Tax Exemptions ,
Tax Liability ,
Tax Planning