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
The Bipartisan Budget Act of 2015 that was signed into law on November 2, 2015, made extensive changes to the rules that apply to partnership audits and the mechanics for collecting taxes resulting from an audit. These...more