The past year has seen numerous changes to tax law that may affect fund managers, including revisions to various tax provisions proposed by the Biden administration, final regulations relating to carried interest and a new pass-through entity level tax in New York. In addition, fund managers must consider the potential tax implications of the remote work environment. The Hedge Fund Law Report recently spoke with Philip S. Gross, partner at Kleinberg Kaplan, about the aforementioned topics, as well as trends in fund structuring. This article presents Gross’ insights. For additional commentary from Gross, see “2020 Year‑End Tax‑Planning Considerations for Fund Managers” (Dec. 10, 2020); and “Considerations for Hedge Fund Managers When Evaluating Management Shares for Their Cayman Funds” (Jun. 20, 2019). Gross will be participating in the upcoming Private Investment Fund Tax Master Class, a virtual program sponsored by Foundation Research Associates, on June 22‑23, 2021, during which the above and other topics will be explored in much greater detail. For additional information about the program and to register, click here, using the promotional code contained within this article for a 15‑percent discount.