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Morgan Lewis

Now. Normal. Next. HEALS Act Analysis

Tax

The Next Big Thing

As the CARES Act highlighted, quickly enacted funding legislation—like the additional tax credit provisions outlined in the HEALS Act—can lead to unexpected tax consequences.

IRS Issues Proposed Regulations on Carried Interests (08/06/2020)
The Internal Revenue Service (IRS) and the US Treasury Department released proposed regulations (REG-107213-18) under Section 1061 on July 31 providing guidance to the holders of certain carried interests. These rules are of particular interest to sponsors of private investment funds.

Authors: Daniel F. Carmody,  Daniel A. Nelson,  Richard S. Zarin