Tax preparation services

Available tax services include :

• Prepare and file U.S. Partnership Federal tax returns (including K-2)
• Prepare and file applicable State returns
• Maintain tax allocation schedules at investor level
• Prepare and distribute Investor's Schedules K-1 and K-3
• Provide quarterly and year-end tax estimates to investors
• Reconcile GAAP and tax reporting
• Incentive allocation/Carried interest calculation as per Section 1061
• Prepare and file Form 1120-F for offshore funds
• Calculate and arrange payment of foreign partner withhold and file Form 1042, 1042-S, 1042-T for foreign investors
• Calculate and arrange payment of foreign partner ECI withholding and file Form 8804 and Form 8805
• Prepare and/or provide assistance relating to :
• Passive Foreign Investment Company (Form 8621)
• Foreign Corporations (Form 5471)
• Foreign Partnerships (Form 8865)
• Foreign Disregarded Entities (Form 8858)
• Entity Classification Election (Form 8832)
• Return by a U.S.Transferor of Property to a Foreign Corporation(Form 926)
• Prepare responses to notices from Internal Revenue Service and states tax authorities.
• Provide assistance in determining various elections, like Mark to Market elections and Mixed Straddle account elections
• Determine Trader versus Investor status
• Calculate Unrelated Business Taxable Income (UBTI) for tax-exempt investors
• Calculate Subpart F Income for Controlled Foreign Corporations (CFC)
• Prepare and File Composite State Returns for most of the states
• Prepare, Analyze and file state returns with Pass thru entity tax (PTET) election
• Prepare and File Foreign Bank Account Reports (FinCEN 114)
• Prepare PFIC Annual Information Statements and related shareholder Allocations
• Prepare and File 1099-MISC/1099-NEC/1099-INT Forms
• Assist the fund in answering tax questions from its investors