June 2010

Blumenthal Interviewed by Illinois Venture Capital Association

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CHICAGO – On June 24th, the IVCA presented a Breakfast Event, with a presentation by Mark J. Blumenthal of Blackman Kallick, LLP. Mr. Blumenthal is a CPA and Partner at Blackman Kallick in Chicago. He is Chairman of Blackman's Family Office Services Group and Co-Chairman of their Private Equity/Venture Capital practice. He is a strategic advisor to families, family offices, private equity/venture capital funds and mature private businesses.

In anticipation of his Breakfast Event presentation, the IVCA did an interview with Mark regarding the event and other pertinent issues.

The topic, “Back to the Future – Strategies in a Rising Tax Environment”, is one of the timeliest subjects in the current marketplace. Among the topics discussed were:

  • the expiration of the Bush tax cuts
  • utilizing the 15% capital gains rate
  • a new 3.8% tax on investment income
  • a .9% tax on compensation
  • wealth transfer using partnership interests,
  • the alternative minimum tax
  • the latest on carried interest

Read interview with Mark Blumenthal.

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.