Is the Carried Interest Tax Preference in Jeopardy?

A recent Wall Street Journal report by Laura Sanders suggests that the tax treatment of carried interest may be in jeopardy based on the Tax Court’s decision in Dagres v. Commissioner.  

Read the Wall Street Journal article here:
Carried Interest in the Crosshairs

Read the opinion in our original post about Dagres.

3rd Circuit: NJ Township Has No Standing for Class Action to Collect Hotel Occupancy Taxes

The Third Circuit Court of Appeals affirmed the District Court’s decision that the Township of Lyndhurst, New Jersey did not have standing “in its capacity as a taxing authority” to pursue a class action against and other online hotel booking companies for unpaid hotel occupancy taxes.

Read the opinion here:
Township of Lyndhurst v., Inc., No. 09-2053 (3rd Cir. August 2, 2011)