October 2015
The appropriate taxation of so-called carried interests is all over the news these days and every politician seems to have an opinion. Even though the discussion is pointed towards Wall Street arrangements, any action in the area is likely to spill over to main street real estate deals that have sweat equity components. In fact, the IRS is not waiting for the politicians to act, but has recently issued proposed regulations on the topic.
Some of these items predate Richey May’s restructuring to an alternative practice structure. Richey May is no longer a CPA firm. All Attest services are provided by Richey, May & Co., LLP.
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