Decosimo Provides Leadership for Hedge Fund Tax 101 and K-1 Boot Camp Courses

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NEW YORK, NY (December 21, 2011)–Decosimo Certified Public Accountants (Decosimo), a Top 100 accounting and business advisory firm, will be lending its leadership for hedge fund education targeting institutional investors and asset managers.  Decosimo is providing support as the lead sponsor and Principal Karl J. Jordan, CPA will chair the Hedge Fund Tax 101 and the K-1 Boot Camp courses hosted by the Financial Research Associates (FRA) January 19-20 at New York City’s Princeton Club. Additionally, Lynn Rodgers, CPA, tax principal and Elizabeth Powell, CPA, tax manager, with Decosimo’s investment partnership specialty team, will be presenting at the event on the topics "Basic Tax Considerations Affecting Hedge Funds” and “Dissecting the K-1,” respectively.  

The two-day program will explore topics such as hedge fund tax allocations; tax consequences of hedge fund structures; taxation of investment transactions; unrelated business taxable income; 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 Grand Cayman 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.

Lynn Rodgers is Decosimo’s firm tax director and head of the alternative investment/hedge fund practice. Ms. Rodgers consults with entity managers and firm personnel providing structuring, transaction, and compliance solutions for domestic and offshore investment entities. She also practices extensively in the partnership arena providing consulting services regarding transaction/entity structures, partnership/operating agreements, partnership tax allocations, like-kind exchanges, debt workouts and partnership interest sales and exchanges.

Elizabeth Powell is Decosimo’s primary tax manager in providing 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 has lead presentations at recent conferences on such topics as valuation for hard-to-value portfolios and due diligence for institutional investors.

Perennially ranked as a Top 100 accounting and business advisory Firm, Decosimo is a recognized trusted advisor in the financial services area for their domestic and international clients. With offices strategically located in Tennessee, Georgia, Alabama, Ohio and the Cayman Islands, Decosimo provides audit, tax and advisory services to clients throughout the world. As an independent firm associated with Moore Stephens International Limited, Decosimo has access to resources and professionals in 638 office locations across 97 countries. Together with Moore Stephens, Decosimo offers a global reach while maintaining a local perspective.  The Decosimo Financial Services Group furnishes services to financial institutions, alternative investment funds, offshore entities, fund of funds, real estate funds, investment advisors, dealer-brokers and alternative loan and private investment groups.

Beyond tax and assurance solutions, Decosimo’s Financial Services team provides advisory services for valuation, independent due diligence and transaction services; accounting assistance with fund launches; counsel related to fund structure, fee agreements and complex tax allocation issues; advice on matters of board governance and ethics; and attestation services under the SEC Custody Rule provisions for Registered Investment Advisors. Decosimo’s full service Grand Cayman office, Moore Stephens Decosimo Cayman Limited, helps its domestic and international clients leverage the benefits of a jurisdiction without direct taxation. Learn more at www.decosimo.com/investment.