Proposed regulations relating to disguised payments for services made by partnerships to service providers, if finalized, would affect many taxpayers, particularly private equity and others in the investment fund industry.
A KPMG report provides an overview of the proposed regulations, includes observations regarding their application, and explains why the proposed regulations need to be considered when evaluating both existing and future arrangements.
Read an August 2015 report [PDF 188 KB] prepared by KPMG LLP: What’s News in Tax: IRS Issues Proposed Regulations on Disguised Payments for Services
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