form 926 october 2016

Form 926

K-1 ISSUES

uraccounted4accounting.com

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I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com

Defined

DISCLAIMER: This is for general information only and is not a substitute for professional tax advice.



DefinedWho has to file




DefinedWho has to fileWhat to report



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Takes about 4 minutes.




FORM 926

facebook.com/uraccounted4accounting/

TRANSFERTO

FOREIGN CORP

https://www.facebook.com/uraccounted4accounting/


FormK-1



HEDGEFUNDS



CHECKTHE

FOOTNOTES



FILINGTHRESHOLDS


THRESHOLDS


?


THRESHOLDS


10%


THRESHOLDS


10%$100,000


10%


OWNERSHIP


$100,000


CASH OVER12 MONTHS



FUNDLEVEL

TRANSFER?



NO



PARTNERLEVEL



EXAMPLEFund $1,000,000

Allocation 1%Partner $10,000



EXAMPLEFund 10%

Allocation 1%Partner .01%



HOWTO

FILE



FIRSTREAD THE

K-1



Fund Name, EtcINFO NEEDED



Fund Name, EtcInvestment Name, Etc

INFO NEEDED



Fund Name, EtcInvestment Name, EtcDate of Investment

INFO NEEDED



Fund Name, EtcInvestment Name, Etc

Date of InvestmentPartner's Share

INFO NEEDED


R e c a p o f w h a t w e c o v e r e d :

Typical in hedgefunds




Typical in hedgefundsForeign corporations




Typical in hedgefundsForeign corporations$100,000 or 10%threshold



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form 926 october 2016

Education