Posts by Jeff Winland
New Tax Reform Carried Interest Rules Could Put CRE Investors at Odds with Developers
It was somewhat of a surprise in the final legislation President Donald J. Trump signed into law in late 2017 when the carried interest rules, also known as “promote” in the real estate community, were left mostly intact. Earlier versions of Trump’s tax reform proposal called for taxing all carried interest at ordinary income rates,…
Read MoreEdwin Watts Got a Golf Lesson from the IRS
Here’s a lesson in what can happen when you fail to involve your tax advisor early on in the transaction process.
Read MoreOhio Supreme Court Upholds the Factor Presence Nexus Rules for the Commercial Activity Tax
The Ohio Supreme Court has determined that a physical presence is not a necessary condition to levy a business privilege tax. In the June 2015 edition of the SALT Newsletter, we examined Ohio’s factor presence nexus rules for the Commercial Activity Tax (“CAT”), which require an out-of-state taxpayer with at least $500,000 in annual Ohio…
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