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

Chattanooga Business Calendar August 23-30

Tuesday, Aug. 26 - East Brainerd Council Meeting 11:30 a.m. to 1 p.m. Car Barn: 6721 Heritage Business Speaker: Sam Willis, State of Tennessee Economic Development Department Meetings cost $10. Tuesday, Aug. 26 - Ribbon Cutting for PM Pediatrics 4:30 p.m. PM Pediatrics: 7320 Shallowford Rd. Join the Chattanooga Chamber for a ribbon cutting at PM Pediatrics. ... (click for more)

55 Miller & Martin Attorneys Named To Best Lawyers In America

Miller & Martin PLLC announced that 55 of its attorneys have been selected for inclusion in The Best Lawyers in America 2015 edition. Additionally, Best Lawyers® has named six Miller & Martin attorneys as 2015 “Lawyers of the Year”. The Best Lawyers in America   2015 Miller & Martin Attorneys Donald J. Aho - Bet-the-Company Litigation; Commercial ... (click for more)

Storm Brings Heavy Rain, Wind Through Area

Severe storms brought heavy rain and wind north of Chattanooga on Wednesday evening. EPB crews were dealing with power outages in Brainerd, Soddy Daisy, Shallowford-Tyner and East Chattanooga. It was a very busy evening for emergency responders in Cleveland and Bradley County. The evening storm that passed through Wednesday brought a lot of heavy rain and wind that caused ... (click for more)

Man Robbed, Stabbed At Hixson Pike Bus Stop

A man was robbed and stabbed at a bus stop on Hixson Pike on Tuesday night. At approximately 9:30 p.m., officers were called concerning a robbery at 3800 Hixson Pike. Phani Tangirala, 22, was transported to a local hospital by HCEMS for treatment of a stab wound to the abdomen. Medical personnel stated that Mr. Tangirala appeared to have a non-life threatening wound to ... (click for more)

Black Creek TIF Decision-Who Guards The Hen House?

Citizens of Chattanooga were invited to give public comment before their own Industrial Development Board Aug. 15. They arrived to find foxes guarding their hen house.  Many thought the meeting was their opportunity to seek redress in the ill-conceived Black Creek Tax Increment Financing plan. However, they learned it was a sham orchestrated by both the past and present ... (click for more)

Roy Exum: Coaches Vs. ‘Top 25’ Foes

The long-accepted measuring stick for a college football coach has been his win-loss record, with an after-glance at his win-loss record within his conference. But in Wednesday’s editions of the Wall Street Journal, writer David Everson, with the help of Stats LLC, used a much-tougher litmus test when he revealed the records of 65 major-college coaches against opponents that were ... (click for more)