
Tax Alert
House bill would ban carried interest tax benefits for asset managers
Bill would treat carried interest as ordinary income and subject to it to self-employment tax, regardless of the holding period.
Bill would treat carried interest as ordinary income and subject to it to self-employment tax, regardless of the holding period.
The CARES Act includes beneficial tax relief. Coupled with sophisticated planning, now is the time to revisit your individual tax strategy.
The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.
Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.
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