Private Fund Industry Update: The Key Tax Developments That Shaped 2023

2023 saw a number of key tax developments that may affect the private fund industry going into 2024, from key US Tax Court opinions and IRS Form updates to new regulations proposed by the IRS and Treasury. Private equity funds, hedge funds, and other private investment funds, as well as their investors and advisors, should be aware of these developments. In this report we highlight some of the biggest developments affecting these stakeholders.