Tax Practice: Hedge Funds Still Can't Figure Out a Way to Avoid a $25 Billion Tax Bill

Click here to subscribe to Accountingtoday.com

9 years ago

Html
Text

The tax man cometh for some of the richest money managers in the U.S. They’ve had eight years to dream up a dodge. So far, no luck.

Home | Subscribe

Tax Practice

Jun 23, 2016

by KATHERINE BURTON AND MARGARET COLLINS

The tax man cometh for some of the richest money managers in the U.S. They’ve had eight years to dream up a dodge. So far, no luck.
READ MORE »

Ryan Seeks to End Obamacare While Keeping Most Popular Parts

by LAURA LITVAN

House Speaker Paul Ryan unveiled a long-awaited proposal to repeal Obamacare and replace it by providing tax credits to help people buy insurance, letting them purchase coverage across state lines, and providing $25 billion for state-run high-risk pools to aid people priced out of coverage.
READ MORE »

Advisory Committee Pushes IRS to Go Further on Digital

by MICHAEL COHN

The Electronic Tax Administration Advisory Committee issued its annual report Wednesday, with recommendations calling on the Internal Revenue Service to expand its electronic filing efforts and digital strategy, and to offer end-to-end capabilities on online accounts for both taxpayers and tax professionals.
READ MORE »

SPONSOR CONTENT

What’s your tech IQ? Take the 60-Second Quiz and find out

Accountants everywhere are faced with the need to adopt technology to better serve clients. How do you stack up against your peers in adopting technology to improve your processes? Are you a Tech Mogul? Tech Rock Star, Tech Scientist or Tech Historian?
TAKE THIS 60-SECOND QUIZ AND SEE HOW YOU COMPARE. »

Empowerment Zones Can Get Tax Breaks Through 2016

by MICHAEL COHN

Currently designated empowerment zones, areas where employers and other taxpayers can qualify for certain tax incentives, will remain in place at least through the end of this year.
READ MORE »

IRS Overlooks Noncompliance in Offshore Voluntary Disclosure Program

by MICHAEL COHN

The Internal Revenue Service is missing out on imposing approximately $21.6 million in penalties on taxpayers who are denied entry or withdraw from its Offshore Voluntary Disclosure Program, according to a new report.
READ MORE »

IRS Chief Koskinen Fights First Appointee Impeachment Since 1876

by LYNNLEY BROWNING

Before he became the top U.S. tax collector and the target of an unprecedented Republican-led impeachment drive, John A. Koskinen majored in physics, guided the country through the “Y2K” problem and ran a foundation that promotes youth soccer.
READ MORE »

IRS Provides More Transition Relief for Work Opportunity Tax Credit

by MICHAEL COHN

The Internal Revenue Service has issued a notice offering additional transition relief for employers claiming the Work Opportunity Tax Credit.
READ MORE »

White Papers

10 Questions You Must Ask Before You Sign

It doesn

Share on

Other newsletters from Accountingtoday.com

Are you concerned AI will replace you? Accountingtoday.com
Yesterday at 18:32
A pathway for growth in advisory services Accountingtoday.com
Yesterday at 17:34
Tax in 2026: What’s Next for the TCJA? Accountingtoday.com
Yesterday at 14:18

More newsletters from Accountingtoday.com

Tax Practice: Hedge Funds Still Can't Figure Out a Way to Avoid a $25 Billion Tax Bill

Share on

Other newsletters from Accountingtoday.com

Related newsletters