MPI's senior team of experts, including Elliot Rotstein and Tadd Lindsay, are on-site at Heckerling 2019 this week to exhibit and take part in the conversation on important tax and non-tax planning issues, including the challenges and opportunities presented by the 2017 Tax Act.
Calvary Hospital will host its 15th Annual Trusts and Estates Conference at the Roosevelt Hotel in New York City on October 3, 2018. This invitation-only event attracts more than 300 of New York’s most experienced trusts and estates attorneys. Over the past decade, Calvary’s attorney conference has earned a reputation as a must-attend event for trusts and estates practitioners.
Starting on page 191, the recently passed Senate Tax Bill would bring some change to the taxation of carried interest. The Senate Tax Bill would insert into the IRC a new Section 1061 - Partnership Interests Held in Connection with Performance of Services. This new section provides that, for applicable partnership interests, capital gains previously classified as long-term will be treated as short-term capital gain unless the gains were generated from assets held for more than three years.
The Senate passed its tax bill on December 2nd by a 51-49 margin. Some key points include: