The IRS released Chief Counsel Memorandum CCA 201436049 on September 5, 2014 which provides guidance on the treatment of the exemption from self-employment tax under Section 1402(a)(13) of the Internal Revenue Code for a limited partner’s share of profits.
The divorce trial of one of America’s wealthiest men, oil baron Harold Hamm, plays out mostly in secret here at the Oklahoma County Courthouse. For weeks, signs have been taped to the door of Courtroom 121. “CLOSED HEARING,” one reads. The other: “DO NOT ENTER.”
The Mark Sanford divorce saga has gone back behind closed doors: After a surge of attention to the South Carolina congressman’s rambling Facebook post on Friday about his private life, a family-court judge said today that Mr. Sanford and his ex-wife, Jenny, have agreed to mediation on parenting issues and other concerns.
No one goes into a merger or acquisition planning for it to fail, but there's no guarantee that any M7A transaction will succeed. Undertaking a successful merger or acquisition doesn't necessarily mean that it raises the company's production or increases its revenue. Sometimes the success of a merger comes from the ease of the transition, the combination of two cultures and even unforeseen benefits that many CEOs may not have thought of. Setting up for success relies heavily on the knowledge acquired and preparation done beforehand.
Jeffrey Zudeck, CFO for investment banking firm Fundamental Holdings Ltd., has joined New York-based Marcum (FY13 net revenue of $350.2 million) as PIC of its Philadelphia regional offices. He will replace David Glusman, who has managed the firm’s Philadelphia area operations since 2009.
New York-based Marcum LLP (FY13 net revenue of $350.2 million) named three new partners. Anson Augustine and John Klenner are now assurance partners in the firm’s New York City office. Richelle Maguire is a tax and business services partner in the Boston office. The appointments became effective Sept. 2.
Jeffrey D. Zudeck, chief financial officer for investment banking firm Fundamental Holdings Ltd., has joined Marcum as partner-in-charge of its Philadelphia regional offices. He will replace David Glusman, who has managed the New York firm’s Philadelphia area operations ever since it acquired 70-person Bala Cynwyd-based Margolis & Co. in 2009.
As if tax law wasn’t complicated enough, there’s an accounting method change on the horizon that industry experts believe could cause new – and unnecessary – burdens and hardships for many large companies nationwide.