Section 1061 Final Regulations on the Taxation of Carried Interest
By EsqSocial Corporation 16/01/21
On January 7, 2021, the Internal Revenue Service (the “IRS”) and the U.S. Department of the Treasury (the “Treasury”) issued final regulations (the “Final Regulations”) providing guidance on Section 1061 of the Internal Revenue Code (the “Code”). The Final Regulations modify the proposed regulations (the “Proposed Regulations”) that were released in July of 2020. We previously discussed the Proposed Regulations with a series of “Key Takeaways” in our client alert published here. This post...
By: Proskauer - Tax Talks