Tax & FATCA Services

• Prepare, review, and sign Federal, State and Local tax returns
• Preparation of Schedule K-1s
• Preparation of estimated K-1s
• Preparation of Schedule K-2 for the entities and Schedule K-3 for each partner (if applicable)
• Prepare required Foreign Reporting such as Forms 8804 and 8805
• Prepare required Foreign Reporting Forms 1042 and 1042S
• Analysis and preparation of extensions in necessary jurisdictions
• Respond to Financial Auditor and Investor requests
• Assistance in gathering tax information from portfolio companies, as needed

• Transactions requiring significant time and effort to determine tax treatment, such as realized gains or losses
• Tax matters associated with the sale of portfolio company investment
• Volume of flow-through activity
• Transfers of interest
• Calculate Tax Carry adjustment, when needed
• Significant re-work due to changes in financial information
• Any significant changes to tax law that will increase IRS reporting requirements
• Changes to fund complexity or structure
• Calculation of Foreign Withholding payments resulting from distributions, as needed
• Additional schedules and/or forms required due to foreign investments
• Additional schedules and/or forms required due to foreign ownership
• Additional entities created by the GP will be priced according to the time and effort necessary to prepare their returns. This will be discussed in advance.
• Situations and transactions requiring significant extra time to research and determine the proper tax treatment or reporting will be considered out of scope and would be billed separately based on the time incurred. This will be discussed in advance.
• Consulting or researching various tax matters
• Work to resolve notices from taxing jurisdictions, as needed
• Quarterly tax analysis of blockers for DTA (Deferred Tax Asset) and DTL (Deferred Tax Liability), as needed
• Calculation of corporate quarterly estimated tax payments, as needed
• Amending returns
• Assistance with Federal and/or State audits



• Review of Investor Information
  • Perform review of existing investor tax forms
  • Collection and validation of new tax forms
  • Classification of investors as per FATCA requirements
  • Request additional information from investor/manager
  • Produce a schedule showing a final FATCA classification of all investors, documenting review of investor tax forms
  • Proper re-papering of existing investor tax forms upon client direction or every three years
  • Prepare a written policies and procedures document addressing how compliance will be maintained, as required by FATCA and CRS
• Ongoing Maintenance, Compliance
  • Continuous checks for changes in circumstances
  • Calculation of FATCA withholding (only when required)
• Registration and Reporting
  • Identify entities that must register with the IRS under FATCA or any foreign government under CRS
  • Perform FATCA and CRS registration
  • Produce schedules detailing FATCA and CRS registration
  • Perform FATCA and CRS reporting
  • Produce schedules detailing FATCA and CRS reporting