FIBACT is one of the very few firms which specializes in tax preparation and compliance services of Hedge Funds, Private Equity Funds, Fund of Funds etc.
Hedge funds, as complex investment vehicles, face unique tax challenges due to their multi-jurisdictional operations, diverse investment strategies, and complicated ownership structures. At Fibact, we offer comprehensive US fund tax services tailored specifically for hedge funds, helping them minimize tax liabilities while maintaining regulatory compliance.
Filing Requirements: We assist Hedge funds file annual tax returns, Form 1065 (for partnerships) and manage the reporting of income, deductions, and capital gains. Our experts ensure compliance with these requirements, handling the complex calculations of income allocations, distributions, and partner or shareholder returns.
Investor Tax Reporting: Our team prepares necessary tax documents, such as K-1s for U.S. investors, and ensures that foreign investors receive the appropriate documentation, including Form 1042-S, to meet their tax filing obligations.
Our other fund tax services include:
- Trader Vs Investor analysis.
- Security analysis like wash Sales, QDI, straddles, constructive Sales, section 988/1256 analysis.
- Book to tax adjustment, preparation of taxable income summary and allocations.
- Preparation of hedge funds, private equity funds, fund of funds, real estate funds and management Company Tax Returns.
- PFIC annual information statements and related shareholder allocations (Form 8621).
- Preparation of international tax forms related to foreign partnership (8865), foreign corporation (5471), foreign disregarded entities (Form 8858).
- Preparation of form 8938, FBAR reporting.