Hedge Funds in the Bulls Eye: The IRS Joins the Hunt

November 15, 2007
Speakers:

The Internal Revenue Service (IRS) has joined the hunt targeting hedge funds. Last week, the IRS announced an audit initiative in which it will look at, among other things:

  • Status as Investor, Trader, or Dealer (including effect of loan organization)
  • Cross Border Swaps
  • Allocation and timing of Incentive Payments
  • Characterization of income as ordinary or capital gain

The teleconference will help you prepare for the IRS and will discuss:

  • Battleground issues with the IRS
  • What to expect if the IRS comes knocking at your door
  • Steps you can take now to prepare

We will also give a brief update on federal legislation targeting hedge funds.