Real Estate
Proposed Change in Tax Treatment of “Carried Interest” Passes House and Senate

Proposed Change in Tax Treatment of “Carried Interest” Passes House and Senate

By Daniel A. Kaminsky In December, as part of H.R. 4213 “Tax Extenders Act of 2009”, the United States House of Representatives passed legislation that would tax partnership1 “carried interests” (also known as a “carry” or “promote” or “promoted interest”) as ordinary income instead of as capital gains, as they are now taxed. On March 10, 2010,...

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Monitor Your Company’s Letters of Credit

Letters of Credit frequently are reviewed and filed away. It is time to open the file drawer, dust off those Letters of Credit, and review them again. Failure to do so could lead to some unpleasant, but avoidable, results. It was recently reported that one in four Wisconsin banks was unprofitable in 2009. The FDIC has also recently reported that...

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Evaluating Choice of Entity Decisions in the Changing Political Landscape

While the limited liability company has become the default entity for many business ventures, potential changes to the federal tax rates arising out of the current turbulent political and economic climate may prompt a closer review of your choice of entity decision. Included in many of the pre- and post-election proposals of the current...

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So Who Really Owns The Design And Design Documents For Your Construction Project?

So Who Really Owns The Design And Design Documents For Your Construction Project?

Your new construction project is off to a great start. Site selection and assessment has cleared through all of the usual red tape. Your financial backers are committed. You even have a “hand-shake” deal with a new architect who comes highly recommended. This person has already provided you with some exciting concepts and a vision as to what your...

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