Decosimo Taking Part In National Hedge Fund Tax And K-1 Boot Camp

Wednesday, January 16, 2013
Karl Jordan
Karl Jordan

Decosimo, an accounting and business advisory firm, will be taking part in hedge fund education targeting hedge fund investors and management teams. Decosimo is providing support as the lead sponsor and Principal Karl J. Jordan, CPA, CGMA, will chair the Hedge Fund Tax 101 and K-1 Boot Camp courses hosted by the Financial Research Associates (FRA) and the Hedge Fund Business Operations Association (HFBOA) Jan. 23-24 at New York City’s Princeton Club. Additionally, Elizabeth Powell, CPA, a tax manager with Decosimo’s Financial Services Group, will be co-presenting “Preparation of Hedge Fund Returns and Disclosures” at the event.

The two-day program will explore topics such as basic tax considerations affecting hedge funds; hedge fund tax allocations; tax consequences of hedge fund structures; taxation of investment transactions and financial instruments; unrelated business taxable income; dissecting the K-1; preparation of hedge fund returns and disclosures; allocation methodologies; contributed stock and stock distributions; state income and state tax withholdings; and impact of foreign income on a K-1.

Karl Jordan is Decosimo’s alternative investment/hedge fund practice leader and also serves as the Director in Charge of the firm’s Cayman Islands office, Moore Stephens Decosimo Cayman Limited. He has extensive experience in providing services to financial institutions, private investment partnerships, alternative investment partnerships, hedge funds, broker/dealers, real estate companies, captive insurance, investment companies, family offices and high-net-worth individuals.

Elizabeth Powell, a Decosimo tax manager, provides quality control review for tax services to investment entities including hedge funds, offshore funds, private equity groups, mezzanine funds and venture capital funds. She specializes in federal, state and local tax compliance preparation and review, as well as partnership consulting regarding transaction/entity structures, partnership/operating agreements, partnership tax allocation and accounting for uncertainty in income taxes.

Through its highly focused conferences and seminars, FRA provides access to timely, cutting-edge information for the nation’s top executives. Decosimo consistently sponsors FRA’s educational conferences and its professionals have led presentations on such topics as tax, valuation for hard-to-value portfolios and due diligence for institutional investors.

HFBOA supports the hedge fund community with timely industry intelligence that is especially unique to mid-sized hedge funds and fund of funds. HFBOA is the only hedge fund association to offer valuable resources to all C-Level functions within a hedge fund. Through articles, educational lectures and summits, frequent webinars, web-links, networking mixers and many other useful services, HFBOA provides useful insight on practical strategies for maintaining a prosperous hedge fund.

 

Elizabeth Powell
Elizabeth Powell

Tennessee Supreme Court Holds Prevailing Party Entitled To Agreed-Upon Attorney's Fees

The Tennessee Supreme Court has reversed a decision of the Court of Appeals, which declined to award attorney’s fees on appeal in a post-divorce proceeding.  In the underlying final divorce decree of the parties in this case, the husband and wife were parties to a marital dissolution agreement, which contained a provision for the award of attorney’s fees to the prevailing ... (click for more)

Tennessee State Revenues Exceed Budgeted Amounts In April

Tennessee tax revenue exceeded budgeted estimates in April. Department of Finance and Administration Commissioner Larry Martin on Tuesday announced that overall April revenues were $1.9 billion, which is $148.9 million more than the state budgeted.                        “Total reported revenues in April reflect significant ... (click for more)

Alexander: Corps Allocates $37 Million For Chickamauga Lock, Construction For 3rd Consecutive Year

Senator Lamar Alexander (R-Tenn.) said the Army Corps of Engineers Work Plan for Fiscal Year 2017 "includes good news for all of East Tennessee – and everyone who benefits from river traffic passing through the Chickamauga Lock in Chattanooga." In addition to funding slated for the first three priority projects of the Inland Waterways Trust Fund, the Corps of Engineers’ Work ... (click for more)

Chris Thomas Serving As Interim Executive Director At Finley Stadium; Stadium And Pavilion Constantly In Use

The operation of Finley Stadium is in transition since the departure of former Executive Director Paul Smith and his staff. At the meeting of the Stadium Corporation’s board of directors Tuesday, Chairman Gordon Davenport announced that Chris Thomas, principal manager of the Chattanooga Market has stepped in to serve as interim executive director. Mr. Davenport told the board that ... (click for more)

Tennessee Business Expansions On Rise Across State

In 2016, Tennessee was named State of the Year for Economic Development by Southern Business & Development Magazine based on project totals and the variety of industries that invested in the state and created jobs. To a great extent, Bradley and Polk Counties have benefited from that investment.   From February 2015 to February 2016, Cleveland/Bradley County led the ... (click for more)

Roy Exum: My Life With 007

I was 13 when the first of 24 James Bond movies came out and, at a time when my sap was just beginning to rise, I will never forget Ursula Andress stepping out of the sea wearing that white bikini. Our hero walks over to the dripping Honey Ryder – that was her name in “Dr. No” – and she says in the Swiss accent, “Are you looking for shells too?” And the first classic reply of thousands ... (click for more)