Services

Tax

Maximizing Tax Returns and Managing Risk

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Gen II’s Tax Team specializes in working closely with clients to develop effective solutions for tax reporting and operational hurdles. With a focus on collaborative engagement, we offer comprehensive support in planning and compliance that benefits all stakeholders. Leveraging our extensive expertise in private equity and a deep understanding of your fund's specific structure, along with diligent fund data management, Gen II stands out in its ability to meet both your tax and fund accounting requirements efficiently.

FACTA & CRS

Our Comprehensive Tax Services & Reporting

Gen II Tax Services is a full-service tax offering focused solely on the unique needs of private equity funds and their investors. Our comprehensive, practical approach focuses on partnering with the fund and its managers to assist with planning and compliance needs for the combined benefit of all stakeholders.

FEDERAL TAX COMPLIANCE

FEDERAL TAX COMPLIANCE

We provide a range of services including the preparation, signing as Paid Preparer, and filing of federal tax returns (Forms 1065, 1120, 1120-F). Our expertise also extends to Investor Tax Reporting, encompassing K-1, K-3, footnotes, estimates, and K-1 equivalents. We specialize in Foreign Information Reporting and offer a suite of additional Federal Compliance services.

STATE TAX COMPLIANCE

STATE TAX COMPLIANCE

We handle the entire process of state tax compliance, which includes the preparation, signing as Paid Preparer, and filing of all state tax returns. Additionally, we take care of preparing and filing state extensions when necessary. Our services also encompass the calculation and remittance of state tax payments on behalf of our clients. In the event of any notices from tax authorities, we provide thorough analysis and timely responses to address any issues that may arise.

OPERATIONAL TAX COMPLIANCE

OPERATIONAL TAX COMPLIANCE

We provide support in calculating tax accruals to ensure accurate financial reporting. Additionally, we assist in the annual and quarterly audit process to facilitate a smooth and compliant procedure. Our services extend to calculating and remitting withholding on investor cash flows, which includes administering W-8IMY look-through withholding when necessary. Furthermore, we closely monitor blocker cash balances to assist with distribution processes as needed.

Expert Tax Strategies for Private Equity Funds

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Gen II’s Tax Team offers expert partnerships with clients, devising practical tax and operational solutions tailored to unique fund structures and challenges. Our methodical and thorough approach ensures meticulous planning and compliance, benefiting all stakeholders. Leveraging profound private equity knowledge and precise fund data management. We meet the specific tax reporting and fund accounting needs of private equity funds, aligning tax efficiency with strategic financial oversight to enhance overall investment performance.

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