Accounting firm Marks Paneth & Shron has unveiled a series of recommendations for coping with the tightening economy.
The firm warns that hedge fund investors should look out for Tax Code abuses. "Taxation watchdogs may miss the point when they claim hedge funds get unfair breaks," said the firm. "There is, indeed, abuse in the current Tax Code when it comes to hedge funds, but it affects investors. They're often subjected to taxes that wipe out nearly all - or more than all - of the income they made from the fund."
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