Sen. Schumer wanted to increase the carried interest tax for a variety of partnerships that use a “two-and-20” structure.
The Senate is investigating another tax perk enjoyed by the hedge fund industry.
WASHINGTON — Estate planning lawyers are increasingly worried that Congress may not act on estate tax reform before the estate tax repeal expires at the end of 2010.
FINRA is sweeping B-Ds looking for improper early withdrawals from client retirement accounts.
Private equity executives today warned the Senate that higher taxes on carried interest would severely harm enterprises.
Democratic presidential candidate John Edwards wants to raise the capital gains tax from 15% to 28%.
As other countries reduce their corporate tax rates, the U.S. is becoming less competitive, according to the Treasury department.
Financial advisers who prepare various tax-related documents for their clients will likely think twice before signing off on returns that include dubious or aggressive tax positions.
The IRS is seeking information from Citigroup and Lehman Brothers, The Wall Street Journal said.
After a long, hard slog, H&R Block Financial Advisors Inc. has found its way to profitability, and it expects to stay there, but its parent company’s long-standing goal of turning millions of tax clients into brokerage clients remains elusive.
The Blackstone Group has found a way to dodge billions in taxes, The New York Times reported.
The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
The Secretary of the Treasury will hold a conference to examine the tax system's effect on U.S. businesses and economic growth.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
Former SEC chairman and activist trader Richard C. Breeden is seeking three board seats at H&R Block.
Limiting deductions for state and local taxes could pay for reforming the alternative minimum tax.
IRA investors have given at least $75 million to charitable organizations through June 4 as a result of a provision in the Pension Protection Act of 2006 that allows distributions from the qualified plans to be rolled over to a charity tax free.
Hedge fund and private-equity fund managers would pay higher taxes under a bill introduced today.
Congressional leaders are weighing a proposal that could raise taxes for private-equity firm managers.
CHICAGO — According to a recent report, there is ample opportunity for financial advisers to work with clients who own company stock using a little-known technique called net unrealized appreciation.
