TITLE

Private Equity Partners Face New Tax Treatment

AUTHOR(S)
Friedlander, Josh
PUB. DATE
June 2005
SOURCE
Investment Dealers' Digest;6/13/2005, Vol. 71 Issue 23, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the proposal by the Treasury Department and Internal Revenue Service that require private equity partners to place a value on their partnership stakes for tax purposes in the U.S. Impact of the scheme on the private equity firms; Need for general partners at private equity shops to comply with certain provisions that are likely to complicate fund raising; Formulation of suggestions and objections by law firms in behalf of their private equity clients.
ACCESSION #
17297385

 

Related Articles

  • IRS BRIEFING.  // Practical Accountant;Dec2005, Vol. 38 Issue 12, p18 

    The article reports developments related to the U.S. Internal Revenue Service. The agency has released new versions of Forms 4506 and 4506-T which can be used to replace tax records lost in a fire, hurricane, flood or other casualty. On the other hand, a recommendation was made concerning the...

  • REPORT OF SPECIAL COMMITTEE TO STUDY THE AGENCY STATUS OF THE INTERNAL REVENUE SERVICE. Redman, Lipman // Tax Lawyer;Summer77, Vol. 30 Issue 4, p906 

    Presents the report of the Committee to Study the Agency Status of the United States Internal Revenue Service. Conference with government officers; Responsibilities of the agency regarding enforcement of rulings and regulations; Relationship between the Service and the Tax Division.

  • The `New' IRS Has Tax Issues With The Automotive Industry. Zwiers, Bob // Grand Rapids Business Journal;02/21/2000, Vol. 18 Issue 8, pB6 

    Comments on developments related to the United States Internal Revenue Service (IRS) as of February 21, 2000. Reorganization of the IRS; Tax issues faced by the automobile industry.

  • Tax Administration: IRS' Efforts to Serve Small Business Taxpayers: T-GGD-00-138. Ashby, Cornelia M. // GAO Reports;5/23/2000, p1 

    About 40 million small businesses and self-employed taxpayers in the United States are responsible for remitting half of the taxes collected by the Internal Revenue Service (IRS). The IRS Restructuring and Reform Act of 1998 requires IRS to place more emphasis on providing better service to...

  • Deferred-comp plan rules spark concern. Russell, Roger // Accounting Today;10/8/2007, Vol. 21 Issue 18, p10 

    The article relates concerns over the deadline of compliance to Section 409A of the U.S. Internal Revenue Code which requires companies to amend deferred compensation plans by December 31, 2007. 92 of the largest law firms in the U.S. request the delay of the deadline for one year. Arguments...

  • Market segment approach applied to IRS audits of attorneys.  // CPA Journal;Sep94, Vol. 64 Issue 9, p14 

    Reports on concerns regarding the audits of law firm tax returns provision in the market segmentation specialization program (MSSP) guide issued by the Internal Revenue Services (IRS). Law firm deduction of litigation expenses advanced to clients as a major issue; Availability of MSSP Training...

  • Tax-Deductible Liberal Lobbying? Edwards, Catherine // Insight on the News;03/05/2001, Vol. 17 Issue 9, p18 

    Focuses on the appeal of the Landmark Legal Foundation, a public-interest law firm, to the United States (U.S.) Internal Revenue Services regarding the lobbying and taxation issues against nonprofit and advocacy groups that opposed the nominations of John Ashcroft and Gale Norton for government...

  • Tax Administration: IRS Measures Could Provide a More Balanced Picture of Audit Results and Costs: GGD-98-128.  // GAO Reports;6/23/1998, p1 

    For audits closed in fiscal years 1992 through 1997, IRS recommended tens of billions of dollars in additional taxes for each year. IRS reported these recommended taxes to Congress as its audit results. However, not all recommended taxes are assessed, and not all assessed taxes are collected....

  • Tax Administration: IRS' Levy of Federal Payments Could Generate Millions of Dollars: GGD-00-65.  // GAO Reports;4/7/2000, p1 

    Many taxpayers who are delinquent in paying their federal taxes are receiving billions of dollars in federal payments each year, from Social Security to payments for goods and services provided to government agencies. To help the Internal Revenue Service (IRS) collect these delinquent tax debts,...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics