Press Room

June 27, 2012

WTAS Presents: State Tax Considerations for Fund Managers

WTAS Invites you to join us for:

State Tax Considerations for Fund Managers

Monday, July 16th
12:30pm - 1:30pm CST


While alternative investment funds can provide significant opportunities through hedge, venture and buy-out investments, the complexity created due to cash flow, valuation, distribution, diversification and transfers can result in significant tax planning needs for the partnerships and the principals who manage them.

This one hour free webinar will discuss state tax considerations every fund manager should know.

States are changing their approach to sourcing revenue for state income and gross receipts tax purposes, by focusing on changes in our economy, methods of investing, and the mobility of our population. Many states have also directed their taxing powers away from resident individuals and companies to reach non-residents. These changes often are directed at a specific population or industry, but impact all taxpayers upon enactment. 

For the fund manager, this results in a labyrinth of reporting and compliance requirements for the private equity and venture capital funds, such as:

  •           Economic nexus
  •          Market based sourcing rules
  •           Gross receipts tax provisions and impact on investment funds
  •           Income tax provisions and impact on investment funds

Please join:

  •           Dorice Pepin who has over 30 years of experience advising clients in many areas of state and local taxation;
  •           Richard Jahn with 22 years of diverse tax experience, including extensive knowledge of alternative investments, partnership taxation and multistate taxation;
  •           Eric M. Anderson who focuses on income tax planning and compliance, sales and use tax transaction planning, mergers and acquisitions, franchise tax matters, and administrative tax controversies;
  •           Sonny Ankrah provides consulting services on matters such as state income/franchise taxes, multistate practice and procedure, gross receipts taxes, and tax credits and incentives; and
  •           Kenneth T. Zemsky who has over 32 years of experience with multistate corporate taxpayers, high net worth individuals, alternative investment funds and owner-operated businesses

as they discuss these new laws and how they may impact reporting for your fund.

If you are intested in attending the webinar, please contact Sarah McKay-Mertz at 312.357.3962 or