Deep-dive articles on the rules that affect your bottom line β written to be understood, kept current, and free of jargon.
Longer weekend reads that take one big tax question apart.
Washington wants to make it easier for workplace retirement plans to buy private equity, private credit and property funds. Here is what that means for your savings, your fees and your tax.
Read article β Deep DeskEvery House seat and 35 Senate seats are on the ballot on 3 November. Here is what each possible result could, and could not, change for private equity, private credit and real estate.
Read article β Deep DeskPrivate credit funds are some of the biggest lenders behind the AI data-centre build-out. As borrowing costs jump, here is where the risk sits, and how tax rules made the deals so attractive.
Read article β Deep DeskTreasury's new rules say most head-office costs, interest and research spending no longer count against two big corporate tax breaks. For most multinationals, the deals just got bigger.
Read article β Deep DeskCongress spared the battery storage credit the cuts that hit wind and solar β then tied it to shedding Chinese content. For an industry built on Chinese supply, that condition is the whole game.
Read article β Deep DeskCongress quadrupled the SALT cap to $40,000 β then quietly left the pass-through workaround standing, so for PE, private credit, and real estate funds the cap barely binds. Inside the fight Congress deferred to 2030.
Read article β Deep DeskThe contested economics of data-centre tax breaks β the case for, the case against, the federal layer that supercharges it, and who ends up paying for the AI build-out.
Read article βIn-depth, plain-English articles on the topics advisors ask about most.
Private credit funds are paying out more of their income as IOUs instead of cash, and many are limiting how much money investors can take out. You still pay tax on that IOU income, even if the cash never shows up.
Read article β Tax WatchWealthy investors had been moving portfolios of highly profitable shares into brand-new ETFs to spread their money around without paying tax on the profit. On 28 September the IRS said that move is a taxable sale.
Read article β Tax WatchTreasury's proposed rules would make Form 8996 a standalone annual return, with penalties of $500 a day for late filings, new investor statements and a formal exit path. Comments are open and a hearing is set for November 5.
Read article β Tax WatchFounders and PE investors split shares across family trusts to turn a $15m tax-free windfall into $60m. Treasury says it doesn't like "stacking" β and guidance is reportedly being drafted.
Read article β Tax WatchOpportunity Zones are back β and now permanent. States have until late September 2026 to pick the new zones. For real estate funds, it's a big deal.
Read article β Tax WatchApollo, Carlyle and KKR paid founders hundreds of millions via a niche 'tax-receivable agreement.' Now shareholders are suing β and Delaware courts are letting the cases move forward.
Read article β Tax WatchA new Senate bill would tax fund managers' carry as ordinary income β plus self-employment tax. Why it probably stalls in 2026, and why it still matters.
Read article β Tax WatchThe interest-deduction cap switched back to the friendlier EBITDA measure in 2025 β a win for debt-heavy businesses β but a 2026 ordering rule closes a loophole.
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