An increasing number of investment fund managers are returning outside investor capital in order to focus on managing their personal and/or family wealth. The decision to “go private” can be driven by a number of factors, including dealing with an ever more complicated regulatory environment, fee compression,
increasing difficulty in finding alpha in stretched markets, the advancing age of the principal, or even as one of our clients recently told us: ”You know, it’s just not fun anymore.”

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With the tax filing season right around the corner, the IRS encourages taxpayers to visit for tax tools and resources. Taxpayers can resolve nearly every tax issue on the IRS website. provides many self-service tools and features, including these six: Read More

7 TRM Steps?

TaxConnections Blogger Jerry Donnini posts internet sales tax principles□ Step 1. Taxpayers tend to be reactive to tax risks and tax problems. This will translate into additional tax exposure through the imposition of tax penalties and interest, and lead to poor relationships with the Internal Revenue Service (“IRS”). Proactive tax risk management will eliminate the additional tax exposure, improve IRS relationships and place control of the tax risk management process back in the hands of the business, and not the IRS. This then translates into a golden opportunity to develop an ongoing tax planning process, to keep tax exposures under control, and in a proactive manner.

□ Step 2. Tax compliance departments in businesses try to cover their tax risk without outside professional assistance, except on a reactive basis. This contributes to Step 1; tax risk management becomes reactive. By creating a tax team that participates proactively in the TRM™ process, the business is able to expand its tax risk cover from 40% to 100%.

□ Step 3. Most businesses do not have a road map of how and where they are going with their tax risk management TRM™, other than blindly ensuring that they are “fully tax compliant”. Without a properly formulated TRM™ strategy in place, the goals and objectives, and the manner of executing a TRM™ process so as to minimize tax risk, cannot be achieved properly. An extensive and fully Read More