Tax

As an industry leader in providing consulting services to the closely held financial services industry, we understand the unique relationship between regulatory structuring and tax structuring. We also understand how quickly these relationships can change with the advent of new markets, new products and new regulations. In addition, we have broad experience assisting financial services clients with the full spectrum of tax compliance challenges.

Find out more about McGladrey's tax services.

2009 Foreign Bank Account Filing Requirements
The IRS has published guidance addressing who should be filing foreign bank account report forms (FBAR) by the June 30, 2010 deadline, providing relief for foreign hedge funds, private equity funds and U.S. persons with only signature or other authority for 2009 activity.

Section 1256 Foreign Qualified Board or Exchange Listing
The IRS has actively been updating its list of qualified boards or exchanges pursuant to section 1256(g)(7) of the Internal Revenue Code, adding three foreign-based exchanges over the last year

IRS Extends 60/40 Capital Gain/Loss Treatment to Dubai Mercantile Exchange
The IRS has determined that qualified contracts traded on the Dubai Mercantile Exchange are eligible for 60/40 capital gain/loss treatment