Written by Christopher Denney, MPA, MST, CPA, CGMA, CVA, ABV

Intangible assets often account for a substantial portion of a company’s value. For example, on February 21, 2014 the market capitalization of Google was $404.64 billion, yet its net tangible assets were only $__ billion. Companies spend substantial sums to develop proprietary intangible assets, and have an increased need to protect the value of these assets.

Written by Christopher Denney, MPA, MST, CPA, CGMA, CVA, ABV

Congress made significant improvement in the tax treatment of RICs that should go a long way toward leveling the playing field when taxpayers compare the potential advantages and disadvantages of various entities as investment vehicles.

The Regulated Investment Company Modernization Act of 2010 (P.L. 111-325, 12/22/10; the "2010 Act") eases some of the tax compliance requirements for regulated investment companies (RICs). With the exception of certain changes made in 1978 and 1986, until the enactment of the 2010 Act much of the law governing RICs had been in place since the Technical Amendments Act of 1958.