Learn why a health care-focused investment firm chose NAV as their tax services partner after a comprehensive search for full-service expertise
NAV Tax Services Team Expertly Handles Transition of Services, Fund Spin-Off, and Complex Tax Issue
"NAV provides quick turnaround time for K-1 preparation and distribution. Within a day of our review and approval, NAV distributes the documents to investors. The timeliness of K-1s has dramatically reduced what has historically been a high volume of inquiries to our investor service team each year."
Expert, knowledgeable tax professionals
- Proactively monitor, review, and implement legal and regulatory changes that may impact fund requirements
- Assist the fund in answering tax questions from its investors
- Produce responses to notices from Internal Revenue Service and state tax authorities
- Assist with various fund-related elections
- Calculate FDAP/ECI withholdings and submit the related forms
- Prepare and file FBAR
Core Tax Services
Federal and state tax return preparation and filing
K-1 and K-3 preparation and distribution to investors
PFIC, CFC, and FDE tax reporting
Quarterly and year-end tax estimates for investors
TECHNOLOGY
Proprietary NAV Tax Platform
The fully integrated NAV tax system is designed to deliver maximum accuracy, confidentiality, and security
testimonials
What Our Clients Say
NAV's tax services deliver outstanding benefits to Tailor Ridge and our investors. At an operational level, the NAV team expertly managed the complexities of required state income tax withholdings at both the fund and LP levels. This was absolutely key before we were able to launch our sub-REIT in 2022. On a functional level, our investors have received their K-1s by March 15 every year of our relationship with NAV. That shouldn't be remarkable, but in our past experience it has been a challenge, and that reliable performance has been a real plus for investor relations. Based on our history with prior firms, we've found NAV to be a consistently excellent partner at a value that's hard to beat.
As a fund of funds manager, we frequently get tax questions from our investors. NAV stays abreast of changes in the tax laws and makes themselves available to us to offer timely, accurate responses. This allows us to be extremely responsive. We value them as a business partner and I highly recommend their services. As COO, I have confidence in the work they do and the turnaround time for our completed tax forms is reasonable. We have no regrets about outsourcing our tax work to NAV.
We recognize the challenges that come with managing the intricate details of our funds. The NAV team's proactive approach, attention to detail in trade reconciliation, portfolio valuation, precision in fee calculations, quick response time, and timely report delivery reflects a high level of technical expertise and dedication. Their commitment to implementing cutting-edge technology solutions, adeptness in accommodating our dynamic requirements, and tailored reporting preferences are commendable.
I have worked with many administrators in my career — and there are many good ones out there — but hands down, dollar for dollar NAV is one of the best out there and very underrated in the industry. The pillars of any business are its people, processes, and technology. Their people, day in and day out, go above and beyond. They genuinely care, and in my opinion, that's very hard to find these days! The processes and controls they put in place work well. Finally, their technology/reporting is very robust and well thought out. Beyond that, what continues to impress me is how accommodating they are to our needs as a business.
From the moment we completed onboarding it became evident that NAV is not just a service provider, but a true partner dedicated to the success of their clients. Any issues or queries we've encountered were met with quick and effective responses, which undoubtedly played a pivotal role in maintaining the seamless operation of our processes. The leadership's commitment to these values is reflected in every interaction, emphasizing a genuine dedication to client satisfaction. This level of personalized attention has had a significant impact on our experience, reinforcing our confidence in the partnership. Their blend of cutting-edge technology, seamless reporting, timely solutions, and unwavering commitment to client success sets them apart in the industry. I am genuinely glad to have found a partner that not only meets, but exceeds, expectations.
