You know these people: the ones that seemingly always have a cloud over their heads; they look at everything with a glass-half-empty perspective; they are chronic complainers known to rarely have a nice thing to say about anything. Often, these people are not even aware of their own negative attitudes because thinking negatively has become a way of life.
By: Anthony DiLorenzo, M.S. […]
When an asset declines in value thought should be given to the timing and character of the loss for tax purposes. One method to potentially accelerate a tax loss and, more importantly, claim an ordinary loss as opposed to a capital loss is to abandon the investment rather than selling […]
On May 8, 2015, I had the pleasure of speaking on a panel with Karl Walli, Senior Counsel (Financial Products), Office of Tax Legislative Counsel, U.S. Department of the Treasury, where I was able to quiz Karl about the proposed regulations under Section 871(m). Karl announced that the effective date […]
Aberdeen Asset Management, Europe’s largest listed fund house, filed its petition May 2, 2015, at the High Court of Bombay, confirming that it planned a legal fight against India’s Minimum Alternative Tax (“MAT”). Historically foreign funds, like Aberdeen, have been exempt from this form of taxation. Recently, tax inspectors have […]
Readers, we are continuing to follow along with the saga between Senator Ron Wyden (former Chair of the Senate Finance Committee) and IRS Commissioner, John Koskinen, regarding hedge fund sponsored reinsurance companies which I’ve written about before here. Inside of the promised 90-day deadline, on April 23, 2015, the Department […]
After months of back and forth between Senator Ron Wyden (D-Ore.) and John Koskinen, the Commissioner of the IRS, regarding hedge fund reinsurance, the Commissioner has vowed to produce further IRS guidance. On February 3, 2015, the Commissioner told Senator Wyden that he would produce guidance within 90 days. Over […]