Not My Specialty – MLP’s

I don’t own any MLP’s and haven’t since paying over $1,000 extra for tax preparation one year.  Still, a lot of income investors do.

I browse some unusual places to learn all I can about investment topics. This column from a popular tax specialists’ blog site raised some interesting issues about MLP’s. It seems like the kind of thing that could be reversed, since it’s reimbursing the MLP’s for tax they don’t pay, and may never be paid by anyone.

Exxon has already challenged it in court, but was turned back. The FERC was very corporate-friendly when they made it policy in 2005. Somehow I don’t think any new Commissioners are going to be quite so “flexible” about giving taxpayer and/or rate payer money away.

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