Tax strategy popularized by AQR reportedly faces IRS warning
Bloomberg reports that the warning concerns a strategy meant to help wealthy people cut taxes on ordinary income. It calls the warning the most concrete sign yet that US authorities are preparing to clamp down.
TLDR
Bloomberg reports that a tax strategy popularized by AQR Capital Management to help wealthy people cut taxes on ordinary income faces an IRS warning. Bloomberg describes it as the most concrete sign yet that US authorities are preparing to clamp down.
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