MFA filed a comment letter with the Massachusetts Department of Revenue in response to the Departments draft directive on the […]
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Issues & Policy 
Comment Letter to Massachusetts Department of Revenue on its Working Draft Directive for Professionally Managed Funds07.20.11
MFA filed a comment letter with the Massachusetts Department of Revenue in response to the Departments draft directive on the […]
Topics: Massachusetts Department of Revenue Professionally Managed Funds, passive investors, trading securities, U.S. Supreme Court, individual investors, positions, trading activity, safe harbor, bright line test, apportionment test, Holding Period, Internal Revenue Service, IRS, federal income tax, investment-related income, partner, partnership, frequency of transactions, volume of trades, leverage, swaps, derivatives, passive investor, trader status, managed funds, private equity, venture capital funds, continuity, regularity, sophisticated trader fund, hedging, capital appreciation, research, valuation, accounting, reporting, cash management, compliance, risk management, prime brokerage, custodian accounts, credit facilities, securities lending, financing, clearance, settlement, cash management services, third party investors, large equity position, sector-specific risk, long equity positions, short positions, sector-related, currencies, commodities, net long, net short, redemption restriction, apportionment of expenses,