Fair Value of Real Estate Assets May10

Posted by & filed under Real Estate, Tax, White Papers/ Thought Pieces.

Our recent white paper, titled “Welcome to the Land of OZ – Tax Benefits of Investing in a Qualified Opportunity Zone Fund,” explored new opportunities resulting from the 2017 tax reform bill to cash out unrealized gains and put them to work within certain low-income areas (called Opportunity Zones) while deferring taxes until December 31, 2026. This follow up white paper provides an overview of techniques for measuring the fair value of these real estate assets under U.S. GAAP.

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ALERT: Opportunity zones – First Impressions from the Second Set of Proposed Regulations May1

Posted by & filed under Regulatory, Tax.

The Treasury recently released a second set of proposed regulations to the designated qualified opportunity zones, which expand upon and attempt to clarify the October 2018 proposed regulations as well as the original legislation. In this alert, we highlight the key takeaways from the new proposed regulations

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How is “Carried Interest” Relevant to Hedge Fund Managers? Apr4

Posted by & filed under Hedge Fund Performance, Tax.

We’ve heard a lot of buzz for years now about the “carried interest loophole” that hedge fund managers take advantage of.  Critics of this loophole have suggested that it allows such managers to earn big profits from securities trading without paying taxes.  While there is some truth in the notion that carried interest represents a tax deferral for managers of certain types of investment funds, this is not the case for many managers of true “hedge” funds

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