Entries by T. Ted Motheral

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President Biden Targets Private Equity by Treating Tax on Carried (Profits) Interests as Ordinary Income

July 28, 2021 Under certain circumstances, profits from a partnership interest owned by service partners are taxed at capital gain rates versus ordinary income rates. And, according to the Department of the Treasury, activity among large private equity firms and investment funds has increased the breadth and cost of this tax preference—i.e., structuring transactions in […]

New COVID Vaccination Rules for Businesses That Hold Federal Contracts or Subcontracts

September 27, 2021  New guidance from the Biden Administration states that any business, large or small, that holds a federal contract or subcontract (“covered contractor”) must ensure that all its employees are fully vaccinated against COVID-19 by December 8, 2021. This latest guidance differs from the vaccine mandate that will be forthcoming by the Occupational […]