Investors seeking both high income and low taxes poured billions of dollars into publicly traded energy master limited partnerships. Now many have tax headaches—surprisingly big bills from Uncle Sam and return preparers. Two new MLP deals, from Williams Companies Inc.. and Enbridge Inc., are the latest to trigger these headaches. In these deals, known as roll-ups, the corporation sponsoring an MLP pulls it back into the corporate fold, and MLP investors exchange their units for corporate stock.

Source: Wall Street Journal May 25, 2018 09:34 UTC