The IRS has issued much-anticipated proposed regulations ( REG-115452-14) under Section 707(a)(2) that would address the tax treatment of certain arrangements between service providers and partnerships. These regulations concern management fee waivers and may significantly affect certain private equity fund arrangements.
Tax Flash 2015-05 provides more information about these regulations. It has been distributed to the Tax Hot Topics email list but can also be shared directly with interested clients.
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