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Impactoftaxreform rappaport

THE IMPACT OF TAX REFORM ON WEALTH MANAGEMENT, PRIVATE EQUITY, AND HEDGE FUNDS

This webinar has been extended to 1.5 hours
Cost $22.50
Presentation Length 1.5 hours

Recorded DateJune 22, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

The Tax Cuts and Jobs Act of 2017 brought changes to the income and estate tax provisions of the Internal Revenue Code significantly affecting the financial industry. Key for private equity firms and hedge funds is the change to taxation of the so-called “carried interest,” which is a staple of the arrangements these funds make with their investors. On the wealth management side, changes to deductibility of certain expenses and the transfer (estate and gift) tax regime are cause for those in the private wealth industry to formulate plans for both themselves and their clients.
 

Learning Objectives

  • Enhance the viewer’s knowledge of the various ways to structure partnership profits interests.

  • Educate the viewer about changes to the “carried interest,” deductibility of interest on business loans, and deductibility of investment management fees under the TCJA.

  • Help the viewer understand how the Section 199A deduction gets applied to taxpayers in private equity funds.

  • Show the viewer how to properly structure planning options, such as management fee waivers.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Matthew E. Rappaport concentrates his practice in Taxation related to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely-held business owners. He also functions as a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.

Mr. Rappaport graduated from Washington University in St. Louis in 2007, cum laude, with an undergraduate degree in Political Science. His undergraduate thesis was a cross-sectional analysis of the corporate culture of the privately held financial firm Edward Jones. He received his Juris Doctor and Master of Laws in Taxation from Georgetown University Law Center in 2011. Mr. Rappaport is licensed to practice in New York. He is an active member of the Nassau County Bar Association, the New York State Bar Association, and the American Bar Association. He was the Co-Vice Chair of the Tax Committee of the Nassau County Bar Association from June 2015 until June 2016.

He serves on the Sales, Exchanges, and Basis Committee of the American Bar Association Section of Taxation. Mr. Rappaport has authored articles for the Nassau Lawyer, Thomson Reuters’ Journal of Real Estate Taxation, The Tax Adviser, Bloomberg BNA’s Tax Management – Real Estate Journal, and the Journal of Taxation of Investments. He has spoken at the request of the American Bar Association, the National Conference of CPA Practitioners, the Financial Planning Association, Strafford Publications, the School of Accounting at LIU Post, and a wide variety of law, accounting, and wealth advisory firms. He is a founder of the young professionals networking group Hydra Collective.

About Our Presenter

Falconrappaport logo
Matthew E. Rappaport concentrates his practice in Taxation as it relates to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely held business owners. He also functions like a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.