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Ezra Dyckman and Ronald A. Morris, members of Roberts & Holland, write that this June a bill was introduced in Congress that would recharacterize income allocations of a partnership as ordinary income, increasing the tax rate on incentive compensation earned by managers of hedge funds and private equity funds. However, despite the bill's intended aim, its reach is so broad as to potentially change the fundamental way in which real estate partnerships are taxed.
December 26, 2007 at 12:00 AM
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS