Obama pushes carried interest to the fore of U.S. tax policy debate *

USA - February 11 2013
On the eve of the Super Bowl, President Obama re-ignited a long simmering debate by pointing to the tax treatment of income of hedge fund and private…

Co-authors: Gregory J. Mastel, Jay R. Schifferli, Jennifer E. McCadney , Paul C. Rosenthal .

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Maryland Court of Appeals determines state must allow credit against county income tax for taxes paid on out-of state pass-through income *

USA - January 30 2013
On January 28, 2013, in Maryland State Comptroller of the Treasury v. Wynne, the Maryland Court of Appeals (the highest court of Maryland in a 5-2…

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U.S. Tax Court reviews apartment cost segregation analysis mostly to taxpayers's chagrin *

USA - March 19 2012
In a lengthy decision (Amerisouth XXXII, Ltd., et al. v. Commissioner, Tax Court Memo 2012- 67), the United States Tax Court decided yesterday that a taxpayer’s cost segregation analysis was, for the most part, ineffective to establish differing components for depreciation purposes.

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IRS announces April 17 filing date for income and gift tax returns *

USA - January 6 2012
The IRS has announced that the filing date for income and gift tax returns is Tuesday, April 17.

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Congress passes repeal of 3% withholding and provides tax credits for hiring unemployed veterans *

USA - November 17 2011
By an overwhelming bi-partisan vote, the U.S. Congress passed legislation (H.R. 674) yesterday which repeals a 2005 law that imposes a 3% income tax withholding on government contractor payments in excess of $10,000.

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