Oct
29
Mercer Hedge Fund Tax Dispute Moves to IRS Appeals Office
By-
Review involving Renaissance Technologies said to begin Nov. 7
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Senate estimated investors avoided $6.8 billion in taxes
A tax dispute involving Renaissance Technologies, the hedge fund firm whose co-chief executive officer is a prominent backer of President Donald Trump, is advancing to a new phase.
Members of the Internal Revenue Service’s Office of Appeals are scheduled to meet with lawyers for Renaissance in New York on Nov. 7, according to a person with knowledge of the matter. The meeting kicks off a review by an independent branch of the tax agency and suggests a resolution may be years away…