January 2018
Investment Funds
At Spielman Koenigsberg & Parker the General Partners of investment partnerships find the timely and knowledgeable back office, auditing, tax and management consulting services they require to allow them to focus on the issues of greatest importance … asset management and investment performance.
Based on our extensive experience with investment partnerships we are often called upon to assist the General Partner and their attorneys in the formation of new entities, including the development of the partnership agreement and private placement memorandum.
For ongoing investment partnerships we provide comprehensive audit and taxation related services, including:
- Proactive planning of securities tax transactions to create
optimum tax benefits. - Year-end audit of securities transactions and capital accounts (GAAP)
- Timely distributions of year-end estimate letters to enable partners to adjust their personal tax estimates.
- Providing annual K-1s to partners—including equitable allocation of realized tax transactions to each partner’s tax basis capital account—on a timely basis.
- Preparation of Federal, state and local partnership tax returns
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.