Under current law, partnerships are generally able to issue a partnership interest to a service provider who then holds the interest as a capital asset, with the character of the partner’s share of profits from the partnership being determined by reference t...
who are still subject to the public disclosure of a non-objection to the qualitative assessment of capital planning. The Board will use results to set new stress capital buffer requirement for large firms, which will go into effect, as planned, in Q4...
President Obama's FY 2013 budget frames the debate over the Bush-era tax cuts, which, under current law, are scheduled to expire after 2012. Among the expiring provisions are reduced individual income tax rates, lower capital gains and dividend tax rates, marriage penalty relief, the increased...