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  • Episode 3 - Carried Interest, How it's Taxed and the Controversy

    Episode 3 - Carried Interest, How it's Taxed and the Controversy
    2023/12/26

    Connect with me:


    Website: ⁠www.LiliyaCPA.com⁠  

    LinkedIn: ⁠Liliya Yerassilova⁠

    YouTube: ⁠Liliya CPA


    On todays' episode we'll be talking about Carried Interest finally! What carried interest is, how it's taxed, what the logic behind the current taxation and arguments to overhaul this so-called "Tax Loophole for the Wealthy".

    Also, I have to put a disclaimer that the podcast is not your tax guide and not professional advice. This is just a way to have fun while learning something new and hopefully, useful! Alright, let’s get into it!

    Music:

    Medieval Fantasy by Aleksey Chistilin from Pixabay

    https://pixabay.com/music/beautiful-plays-medieval-fantasy-142837/ Resources:

    Investopedia Articles:

    About Carried Interest:

    https://www.investopedia.com/terms/c/carriedinterest.asp

    Taxation of PE Firms:

    https://www.investopedia.com/articles/investing/072215/how-private-equity-and-hedge-funds-are-taxed.asp

    CNBC Article:

    https://www.cnbc.com/2022/08/08/what-carried-interest-is-and-how-it-benefits-high-income-taxpayers.html

    Tax Notes article on the new bill:

    https://www.taxnotes.com/research/federal/legislative-documents/congressional-news-releases/wyden-announces-bill-to-change-carried-interest-tax-treatment/7hk8q


    American Bankruptcy Institute article on Limited Liability:

    https://www.abi.org/feed-item/private-equitys-abuse-of-limited-liability
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    20 分
  • Episode 2 - Private Equity Firms and the SEC - What's going on?

    Episode 2 - Private Equity Firms and the SEC - What's going on?
    2023/10/14

    In today’s episode, we’ll look into private equity firms, what they are, and what they do; the SEC news on regulating the 2% management fee reporting and a $20.5 Million settlement charge by a NY-based private equity firm.

    SEC Enhances the Regulation of Private Fund Advisers:

    https://www.sec.gov/news/press-release/2023-155


    SEC Charges Private Equity Firm Prime Group for Inadequate Disclosure of Fees Paid to Affiliate:

    https://www.sec.gov/news/press-release/2023-167

    Website: ⁠www.LiliyaCPA.com⁠   

    LinkedIn: ⁠Liliya Yerassilova⁠

    YouTube: Liliya CPA - YouTube

    Music Title: Village Consort

    https://www.youtube.com/watch?v=eZ_r1H9vHkI&list=PLnuhlOfdJ2WKvIu8eaF3uel9p3VjuK10M
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    12 分
  • Episode 1 - Introduction; all income is taxable case, clean vehicle tax credit, FAQs

    Episode 1 - Introduction; all income is taxable case, clean vehicle tax credit, FAQs
    2023/10/10

    Todays’ first episode will include an interesting tax case, a news segment on clean vehicle tax credit, and answers to two frequently asked tax questions.


    Videos mentioned:

    Clean tax credits:

    https://youtu.be/kozeKtAb5Bo


    Resources used for the episode:

    Cesarini v. United States, 296 F. Supp. 3 (N.D. Ohio 1969) https://law.justia.com/cases/federal/district-courts/FSupp/296/3/1982804/

    U.S. Department of the Treasury, IRS Release Guidance to Expand Access to Clean Vehicle Tax Credits, Help Car Dealers Grow Businesses:

    https://home.treasury.gov/news/press-releases/jy1783

    Form 1099-NEC & Independent Contractors: https://www.irs.gov/faqs/small-business-self-employed-other-business/form-1099-nec-independent-contractors


    Music: Waltz in e minor by Alexander Griboedov - performed personally

    Palace of Roses - Aakash Gandhi
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    10 分