The column, appearing in today’s issue of Tax Notes, the weekly magazine on federal tax policy and administration, will focus on current tax issues applicable to the alternative investments industry. The column will also appear in Tax Notes Today, Tax Analysts' federal daily online publication.
Friedenberg's first column will discuss how the new 3.8 percent Medicare tax on net investment income that is imposed by the Patient Protection and Affordable Care Act of 2010 will affect the alternative investments industry. It will explore whether the tax should apply to the distributable share of income from funds, management companies, and general partner entities.
In future columns, Friedenberg will discuss various tax topics relevant to alternative investment funds and investment advisers and will look more closely at some of the issues highlighted in her special report "Alternative Investments Tax: Navigating the New Normal," which was published in the January 9, 2012, issue of Tax Notes.
About the Author
Kara L. Friedenberg is a tax partner in PricewaterhouseCoopers Alternative Investments practice. She provides tax consulting and tax compliance services to a wide range of alternative investment clients and is a frequent speaker at alternative investments industry conferences. She is also active in many nonprofit organizations and sits on the Hedge Funds Care global board of directors, the Junior Achievement of New York associate board of directors, and the Hugh O’Brian Youth Leadership New York corporate board of directors.
Friedenberg earned her BS in economics with a concentration in accounting, magna cum laude, at the Wharton School of the University of Pennsylvania, and her MBA in finance, summa cum laude, at Fordham Graduate School of Business. She is a member of the American Institute of Certified Public Accountants, the New York State Society of CPAs, the Managed Funds Association, and the Wall Street Tax Association.
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