US TAX SUPPORT SERVICES
Outsourcing tax returns has been declared a lifesaver for accounting & CPA firms in U.S. The idea of tax preparation external support has been developed in order to diminish the burden and easier the operations of accounting firms during peak seasonal cycles.
Fund Tax Services
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, Real Estate Funds and Management Companies. Our team consists of experienced members who were managers at Big 4 firms. They specialize in alternative investment industry tax compliance and have worked on some of the big Hedge Funds and Private Equity tax compliance projects. We provide tax preparation services to variety of fund types, operational structures and investment composition.
Our 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.
- NAV Calculations and Reporting
Tax Preparation Services
Outsourcing book-keeping and Tax preparation services is advantageous in various forms. Efficient management in both busy and non-busy tax seasons with our services. No fear to face a shortage of trained professionals and huge savings on the effort of recruiting, training, monitoring and overhead cost.
Our services include:
- Preparation of Individual Tax Returns (Form 1040)
- Preparation of C Corporation and S Corporation Tax Returns (Form 1120 & 1120S)
- Preparation of Partnership Tax Returns (Form 1065)
- Preparation of Trust Tax Returns (Form 1041)
- Preparation of Exempt Organization Tax Returns (Form 990)
- Preparation of State Tax Returns
- Classifying and interpreting Profit/Loss Items and preparing Taxable Income Computation.