Investment Company Tax

Unmatched Asset Management Tax Expertise

Our team offers unsurpassed fund industry technical tax expertise to both new and traditional registered and alternative fund structures and strategies. Our dedicated asset management team spends 100% of their time on industry clients, including open-end Regulated Investment Companies (RICs), exchange-traded funds (ETFs), closed-end interval and tender offer funds, hedge and alternative investment funds, private equity funds, collective investment trusts (CITs), real estate investment trusts (REITs), business development companies (BDCs) and registered investment advisers (RIAs). In fact, we work with some of the largest institutional investment managers in the country.

Our Investment Company Tax Services

Our flexible model allows you to receive the entire spectrum of tax services or select services, depending on what fits your needs.*

• Preparation of federal, state, and local tax returns and extensions for investment funds and advisers

• Preparation of IRS quarterly compliance and annual qualifying income tests for RICs and REITs

• Preparation/review of excise tax distribution requirements, including assistance with distribution estimates for RICs and REITs

• Consultation of carried interest and waterfall tax allocations for funds structured as partnerships

• Preparation and proactive tax planning related to fund general partners/managing members, investment advisers, management companies and broker-dealers

• Assistance with state nexus issues and evaluation of related filing requirements

• Tax planning, consulting and structuring related to portfolio holdings with complex securities

• Consultation on onshore and offshore fund structuring, effectively connected income and UBTI

• Assistance with fund launch issues, such as selection of tax year-end, initial contribution of securities, and establishing tax-efficient policies and positions in the initial year

• Assistance with fund mergers and liquidations, including limitations on use of capital loss carryforwards and determination of final distributions for registered funds

• Preparation of tax memoranda

• Representation before the IRS, including letter ruling requests

• Assistance with shareholder information reporting for registered funds, including tax character of distributions (ordinary, tax exempt, capital gain, return of capital) and other tax attributes and pass-throughs, such as qualified dividend income, interest-related and qualified short-term capital gain related dividends, foreign tax credits and foreign source income

_{* Some tax services may be prohibited if the fund is also an audit client of the firm}