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Is It Now Time for the Rich to Refinance Their Family Balance Sheets?

While cash across Berkshire has swelled to over $122 billion, its first yen-denominated bond will soon add roughly $3.9 billion to the balance sheet. The bond maturities will range from five to 30 years and carry interest rates of .17% to 1.1%.

2017 Tax Act and Qualified Opportunity Zones: Is It Really an Opportunity?

The Tax Cuts and Jobs Act of 2017 (TCJA) included a tax break for investors related to realized capital gains. Through this program, an investor may receive tax benefits, including potential deferral and elimination of tax, by investing those gains in a Qualified Opportunity Zone Fund (QOZF).

Estate Planning in the Aftermath of the 2017 Tax Cuts and Jobs Act

Now that it has been almost 16 months since the passage of the 2017 Tax Cuts and Jobs Act (TCJA), it’s time to come up for air and ask the question: what is the overall impact on estate planners and their clients?

What Extra Return Must an Active Manager Provide to Outperform a Lower Cost Passive Equity Solution, Net of Fees and Taxes?

It is no secret: many active equity managers have a difficult time performing better than average when measured over full market cycles

To Gift or Not to Gift, That Is the Question

To gift or not to gift, that is the question. It is less complex than the famed question posed by Prince Hamlet, but still not a simple one for families that hold appreciated assets and are (or may be) exposed to estate tax.

Hedge Funds and Taxes: Things Just Got Worse in Minnesota and Other High Tax States

The new tax laws make worse an already rocky relationship between hedge funds and taxes[1]. Mutual funds that hold noncorrelated assets and strategies may gain in after-tax favor