Tax News
Fee Waiver Hearing Set for February 26th
January 27, 2016
Administrative Actions
The IRS just announced in Federal Register Vol. 81, No. 17 that it will hold a hearing on February 26th about the disguised payment for services proposed regulations under Section 707(a)(2)(A) (REG–115452–14).  The proposed regulations were issued in July last year and our original coverage can be found here.  Arguably, if the proposed regulations are adopted in their current form, they will put a significant dent into the fee waiver strategy prevalent with some private equity funds. The NY Bar and various stakeholders have raised multiple issues with the proposed regulations which we expect would be discussed at the upcoming hearing. The hearing will be held at the IRS auditorium in DC with a period of 10 minutes allotted to each person for presenting oral comments. The original IRS announcement can be found here
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Tags: fee waiver, hearing, proposed regulations, REG–115452–14