For many alterative investment companies, U.S. investment partnership taxation is one of the largest compliance obligation. Recent changes in the tax law and policy have made the managing proceed more time consuming and expensive. IPTS distinguishes itself from other national accounting firms whose primary focus is not U.S. investment partnership taxation. With over 10 years expertise and knowledge in hedge fund and private equity, IPTS is committed to help our clients handling all tax issues and reporting so that our clients can focus on their business.
Compliance: 1065 & K1 — Preparation of K1, Federal, States and Local fund tax returns PFIC — Preparation of Passive Foreign Investment Corporation 8865, 5471, 926, 8832, 1099 & 1042 — Preparation of various Forms FIN 48 — Computation of the potential foreign tax liability for the uncertain tax positions under the FIN 48
Consulting: Start up — Structure master & feeder for hedge funds. Set up multi-layer entities and blocker for the PE funds Tax Planning — Develop and tailor tax saving strategies for hedge funds and private equity Transfer Pricing — Transfer pricing computation of the management company Representation — Tax audit representation service before the IRS as well as state & local taxing authorities
Outsourcing: Tax Specialist — Offer client loan staff program to deal with special tax projects or temporally staffing issue Tax Director — Understanding clients had limited resource and financial constraints but need a professional tax advisor to handle fund tax responsibilities, IPTS offers mid-size or start up funds a tailored service of the in-house tax director at the factional price