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IRS Proposes New PFIC Insurance Exception
IRS Proposes New PFIC Insurance Exception Readers, we are continuing to follow along with the saga between Senator Ron Wyden (former Chair of the Senate Finance Committee) and IRS Commissioner,...
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Foreign Investors Challenge India’s Minimum Alternative Tax
Foreign Investors Challenge India’s Minimum Alternative Tax Aberdeen Asset Management, Europe’s largest listed fund house, filed its petition May 2, 2015, at the High Court of Bombay, confirming that it...
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Dividend Equivalent Withholding Regulations Delayed until January 1, 2017
Dividend Equivalent Withholding Regulations Delayed until January 1, 2017 On May 8, 2015, I had the pleasure of speaking on a panel with Karl Walli, Senior Counsel (Financial Products), Office...
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Pilgrim’s Pride: Taking an ordinary tax loss for an extraordinary investment loss
Pilgrim’s Pride: Taking an ordinary tax loss for an extraordinary investment loss When an asset declines in value thought should be given to the timing and character of the loss...
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Is the Financial System Better Off?
Is the Financial System Better Off? By: Anthony DiLorenzo, M.S. Staff Accountant – WithumSmith+Brown, PC The Financial crisis of 2008 – 2009 is now almost 8 years removed, but the...
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Ponzi Scheme Losses – Don’t forget to take an ordinary loss deduction
Ponzi Scheme Losses – Don’t forget to take an ordinary loss deduction By: Robert Schachter, Partner – WithumSmith+Brown, PC The Madoff Ponzi scheme seems like an eternity ago, but Ponzi...
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Management Fee Waivers: IRS Proposed Regulations
Management Fee Waivers: IRS Proposed Regulations By: Anthony Tuths, JD, LLM Partner– WithumSmith+Brown, PC For more than a year now tax practitioners and industry insiders have been waiting for the...
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Equity – Do I Need to Share?
Equity – Do I Need to Share? Quote; “10 % of a watermelon is better than 100 % of a grape.” I am not sure of the origin of...
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SEC Proposes Liquidity Management Rules for Mutual Funds and ETFs
SEC Proposes Liquidity Management Rules for Mutual Funds and ETFs By: Frank Boutillette, CPA, Partner – WithumSmith+Brown, PC On September 22, 2015, the SEC voted to propose a package of...
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Inflation, What Went Wrong?
Inflation, What Went Wrong? By Anthony DiLorenzo, M.S Accountant WithumSmithBrown, PC After the crash of 2008 – 2009, the US government along with the Federal Reserve (the “Fed”) implemented massive...