Year-End Tax Planning for Hedge Funds, Private Equity Funds, Investment Partnerships, and Fund Managers
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will explain techniques to lessen or defer (or accelerate) taxes paid by hedge funds and private equity funds and investors therein, family offices, and managers. Our panel of veteran fund advisers will discuss carried interest, installment sales, deducting worthless investments, Section 163(j) interest deductions, proposed or actual legislation and other tax considerations of investment partnerships.
Outline
- Investment partnerships and fund managers
- Section 1061 carried interest
- Section 475(f) mark-to-market election
- Wash sales
- Constructive sales
- Installment sales
- REITs
- Trader vs. investor status
- Section 1256 gains and losses
- Worthless securities
- Deducting business interest
- State tax considerations
- Alternative alternative tax planning
- Pass-through entity taxes
Benefits
The panel will review these and other critical issues:
- Critical differences between trader and investor status
- Year-end tax planning to do before the end of 2021 and possibly after
- Considerations before making a Section 475(f) mark-to-market election
- Proposed changes to carried interest regulations
Faculty
Richard A. Cagnetta, CPA
Tax Principal
Untracht Early
Mr. Cagnetta focuses on providing tax advisory and compliance services to the firm’s asset management clients... | Read More
Mr. Cagnetta focuses on providing tax advisory and compliance services to the firm’s asset management clients including funds, management companies, and principal individual owners. He has significant experience in the areas of partnership and individual taxation, corporate taxation, and the taxation of financial products, covering domestic, international, and State and Local issues. Prior to joining the firm, Mr. Cagnetta spent significant time at a Big Four accounting firm and two prominent hedge funds.
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Neil A. Dubnoff
Partner
Kleinberg Kaplan Wolff & Cohen
Mr. Dubnoff focuses his practice on the tax aspects of onshore and offshore investment funds and their investment... | Read More
Mr. Dubnoff focuses his practice on the tax aspects of onshore and offshore investment funds and their investment managers. His clients include investment managers with multiple billions of assets under management. Neil regularly advises on tax issues related to fund formation, operations, and investments. His experience also includes advising on corporate and partnership tax matters, including mergers and acquisitions, partnership transactions, real estate transactions, financings, and securitizations, as well as tax controversy. He regularly advises private investment fund clients with respect to their offering documents and investments, capital markets, and structured products. He has extensive experience counseling clients on Foreign Account Tax Compliance Act (FATCA) issues.
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