Why corporations should focus on the carried interest legislation

Though aimed primarily at individuals, pending legislation to change the tax treatment of carried interests could have adverse consequences for corporations. Corporations with carried interests could see limitations imposed on certain losses, and could be subject to gain on transactions that were previously tax-free. Further, the proposal's broad scope could extend to interests not traditionally viewed as "carried interests," resulting in unexpected applications of the rules to defer losses and trigger gains.

With the legislation considered a likely candidate for enactment in the near future, corporations should move now to understand the legislation and determine how it could affect their businesses. Please join a panel of advisors from Ernst & Young LLP on Wednesday, 4 August at 1:00 p.m. EDT for a one-hour webcast on this issue.

Featured panelists
Nick Giordano, Ernst & Young LLP, Washington Council Ernst & Young
Glenn Dance, Ernst & Young LLP, Joint Venture & Partnership Tax Services
Rose Williams, Ernst & Young LLP, Mergers & Acquisitions/Transaction Advisory Services

Moderator
Karen Gilbreath Sowell, Ernst & Young LLP, Co-Director Mergers & Acquisitions