Contact Us Follow Us :      | Find Us |
CBIZgreenweb

Subscribe to Our Blog

Client Satisfaction Survey Results

Client-Satisfaction-New-England-NPS-CPAs

 

Follow Us



Recent Posts by George Cobleigh

Tax Insurance: What It Is and Why You May Need It
Posted by George Cobleigh on May 26, 2022 4:03:56 PM

The current tax environment is complex, leaving many taxpayers feeling uncertain about their existing tax positions and future plans. In the face of an IRS audit or challenge, one unexpected tax liability can do severe damage, leading to a failed transaction or loss of expected tax benefits.

Read More

Topics: Taxes, Insurance, Private equity, venture capital, Private Equity & Venture Capital, PE/VC, portfolio companies, tax insurance

Tax and SPAC – The Tax Ramifications of Going Public with a SPAC
Posted by George Cobleigh on May 19, 2021 8:35:01 AM

Special purpose acquisition companies, or SPACs, continue to grow in popularity as private companies look for alternative means of accessing the public market outside of a traditional initial public offering (IPO). SPACs raised a record level of capital in 2020 - $83.4 billion, and in the first quarter of 2021 have already surpassed that amount having raised $87.9 billion as of mid-March.

Read More

Topics: Taxes, Private equity, venture capital, Private Equity & Venture Capital, PE/VC, SPACs, Special purpose acquisition companies, IPO, initial public offering

Diving Deeper into Carried Interest Regulations for PE/VC
Posted by George Cobleigh on Feb 15, 2021 4:54:09 PM

The final regulations for the carried interest rules, published on Jan. 7, 2021, will have an impact on private equity (PE) and venture capital (VC) firm taxation and for the most part are more taxpayer friendly than previously proposed regulations.

Read More

Topics: Taxes, Private equity, venture capital, Private Equity & Venture Capital, PE/VC, carried interest, Carried Interest Regulations, section 1061

Does My Debt Modification Trigger a Tax Issue?
Posted by George Cobleigh on Jun 17, 2020 5:36:50 PM

The IRS has made it clear that almost all debt cancellations are taxable. When taxpayers are relieved from the legal obligation to pay back a loan, they must recognize and pay taxes on that cancellation of debt (COD) as if it were income unless the law specifically exempts that transaction. COD income can arise when loans are forgiven or when they are settled for less than fair market value, but simply restructuring debt can also trigger COD income recognition.

Read More

Topics: Taxes, Private Equity & Venture Capital, PE/VC, debt modification, COD, cancellation of debt

Popular Posts