State Sourcing Income Rules for Hedge and Private Equity Funds Jul18

Posted by & filed under Baker Tilly Tax Tips.

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As if the Internal Revenue Code, Treasury Regulations and various federal courts didn’t make taxes complicated and confusing enough, hedge fund and private equity managers must also contend with the varied, and often contradictory, state laws regarding sourcing of income. No unifying principle seems to translate from one jurisdiction to the next with one exception: all states seem to be saying we want more

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Baker Tilly Midyear Tax Update Jun27

Posted by & filed under Baker Tilly Tax Tips.

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Our midyear tax update focuses on state and local tax changes as states are becoming increasingly proactive in locating additional sources of revenue and definitions of nexus are constantly evolving. We also discuss the new financial statement revenue recognition process and how it impacts revenue when it is taxed for federal income tax purposes

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Carried Interest Update: Learn From This On-Demand Webinar Apr7

Posted by & filed under Baker Tilly Tax Tips.

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Hedge Connection is pleased to bring our readers Tax Tips, a monthly series of articles by the full service accounting and advisory firm, Baker Tilly. While there has been a lot of talk about closing the “carried interest loophole,” there has been very little in terms of concrete legislative language. In fact, it has been almost seven

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