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Introduction to US Tax Reporting.pdfIntroduction to US Tax Reporting
Duration: Half day
Course Overview
This course provides an introduction to US tax reporting for investment fund professionals.
At the end of this course participants will be able to
- Describe how master-feeder and side-by-side fund structures operate
- Outline why US hedge funds are usually established as partnerships
- Discuss the content and purpose of a Schedule K-1
- Outline a typical flow of data that produces a Schedule K-1
- Discuss the key features of a Passive Foreign Investment Company
- Describe the contents of a PFIC statement
- Explain the purpose of tax forms W-9, W-8IMY and W-8BEN
- Outline the US tax reporting requirements for a typical hedge fund
Course Content
- Fund structures
- Master-feeder and side-by-side
- Partnerships and companies
- US tax reporting
- Schedule K-1
- Purpose
- Contents
- Completion
- PFIC (Passive Foreign Investment Company) statement
- Purpose
- Contents
- Completion
- Tax forms
- Investor relations perspective
- Fund accounting perspective
Who should attend?
Fund accounting, investor relations and other fund professionals who need to understand schedule K-1s and PFIC reporting.
