United States of America Federal And State Tax Returns
Most alternative entities used in Capital Markets transactions, including Delaware statutory trusts, partnerships, limited liability companies, and corporations, require specialized tax reporting. We can provide the tax return preparation and filing services to assist with compliance with the tax reporting sections of your entity agreements.
Tax reporting can take many forms, including Trust Tax Returns (1041) with associated Grantor Letters, Partnership Tax Returns (1065) with associated K-1s, and Corporate Tax returns (1120). These various forms may have different due dates and reporting requirements. This can be a complex process. Our team is not only astute in determining which report you need, but also has experience navigating the regulations associated with them.
Preparation and Filing
We prepare and file applicable filing extensions for the tax year. Then we draft the federal and state tax returns, and required schedules, for client review. Once the authorized party signs the returns, we sign as Tax Preparer and file accordingly. A finalized version of the returns are provided for recordkeeping.
Dissemination of K-1s and Grantor Letters
Once the returns are filed, we will disseminate any K-1s and Grantor Letters to the beneficial owners; as directed (e-mail or U.S. mail). Clients do have the option to disseminate the K-1s and Grantor Letters themselves; as they deem appropriate.