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Aug. 20, 2013

Private equity firms may need to ratchet up 'passiveness'

In light of a recent circuit court decision, private equity firms may start to be - either in reality or at least in presentation - more in the back seat and less behind the wheel.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

See more...


By Robert W. Wood


Is private equity a business? Most people - including Mitt Romney - would say yes. Still, the question can take on particular meaning in the tax world. In tax law, what is a "trade or business" can dramatically impact tax deductions. Usually you want to qualify for those deductions, but sometimes not.


The trade or business phrase can be even more consequential when it comes to liability under the pension laws. Employer...

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