By Mark Herzinger, Baker Tilly
Many hedge fund, private equity and alterative asset professionals still seek clarification on the outcomes from the difficult year. As 2021 comes to an end, we reflect on the many changes the asset management industry encountered regarding tax reform and regulations.
Watch Baker Tilly’s informative year end webinar. Our asset management specialists discussed key takeaways experienced within the industry throughout 2021, including general tax reform, cryptocurrency and outcomes of the Biden administration as well as a looked at the industry through an international lens.
- Discussed proposed U.S. and international tax reform and changes that may impact the financial services industry
- Discussed recent federal legislation on cryptocurrency tax reporting and tax considerations in emerging cryptocurrency areas such as NFTs and DeFi
- Reviewed tax impact from the Build Back Better Bill
- Discussed the new Sch. K-2 and Sch. K-3 filing requirements for partnerships and s-corporations to report certain international item