Tax Services

We provide a full suite of tax services through our affiliate Kaufman Rossin CPAs & Advisors, with a team that specializes in serving hedge funds, private equity funds and other investment industry clients, plus their investors. Our professionals have the knowledge to help you navigate complex tax issues, capitalize on tax-saving opportunities and mitigate compliance risk.

We offer the following tax services:

  • Liaise with the fund’s independent auditors
  • Tax analysis of fund structuring, including master-feeder, mini-master, side-by-side and blocker corporation
  • Review offering document (PPM/OM/LPA) tax section for compliance and tax minimization
  • Preparation of Schedule K-1/K-3 and PFIC statements to investors
  • Preparation of partnership income tax returns for the fund, general partner and investment manager (Form 1065)
  • Calculation of unrelated business taxable income
  • Analysis of waterfall distributions for tax allocation purposes
  • Preparation and compliance of foreign investments such as PFICs, CFCs and foreign partnerships
  • Tax reporting and compliance for foreign investors including FDAP withholding based on U.S. tax treaties and Effectively Connected Income
  • Preparation of state filings and calculation of withholding of state income taxes
  • Response and assistance with federal and state tax notices
  • Ongoing advice on tax issues and year-end tax planning
  • Preparation of periodic/annual wash sales
  • Analysis of investments for compliance with wash sale, constructive sales, straddle and mixed straddle rules
  • Analysis of income for proper classification under IRC 475 mark-to-market, 1256, 988, OID/market discount, swaps, and qualified dividends
  • Annual trader vs. investor analysis
  • Partner tax allocations under IRC Section 704, including the aggregate method
  • Oversee the retrieval of underlying Schedule K-1s (and other tax statements) for Fund of
    Funds
  • Tax analysis and compliance with Carried Interest rules under IRC 1061
  • Preparation of quarterly and annual estimated taxes for funds and fund managers