ies may be delayed or unsuccessful. We do not provide tax advice. Our communications may not be relied upon to avoid penalties that may be imposed by the Internal Revenue Service. Begin forwarded message: From: CNS Adam Klasfeld Date: November 28, 2018 at 6:34:54 PM EST To: | Subject: Press Inquiry: Miami Herald exp

e strain on the fund manager and its tax advisors with respect to the trader vs. investor issue. At this time, there is a lack of clear guidance from the Internal Revenue Service on what level of trading activity is sufficient for a professionally managed fund to qualify as a "trader fund". In cases where a partnershi

BREAK --- delayed or unsuccessful. We do not provide tax advice. Our communications may not be relied upon to avoid penalties that may be imposed by the Internal Revenue Service. HOUSE_OVERSIGHT_028539

r why all of this is happening now, when Florida has long been a sunny tax haven, financiers point to the upcoming application of section 457A of the Internal Revenue code. Beepre 457A years. But now, according to the section, were deferred before 2009 and their related earnings back into the U.s. by 2017. If a man