Range of services

Family officers, hedge/private equity funds, high net worth individuals and other private investors each have a unique set of circumstances that impact upon their tax obligations.  Eris Advisory helps manage your tax affairs so you focus on your business and optimizing investment returns.

Eris Advisory offers a wide range of U.S. tax services including U.S. tax return preparation, tax due diligence and structuring, and tax advisory and planning.  In addition, we offer bespoke fund and special purpose vehicle administration.

Our services are adaptable to each family and business we work with. Whether you need assistance on a single, one-off matter or want to fully outsource all your tax reporting, compliance, and administration needs.  Regardless of your size, we work with you (and your other advisors) to deliver through advise and reporting.    

 

List of services

 Tax Compliance

  • Preparation of income tax returns for U.S. individuals (Form 1040) and Nonresident Aliens (Form 1040-NR)

  • Preparation of corporate returns for U.S. corporations (Form 1120) and foreign corporations (Form 1120-F)

  • Preparation of partnership returns (Form 1065) including Schedule K-1s and calculation of complex tax allocations

  • Preparation of U.S. Informational returns and forms for Non-U.S. Assets or Financial Accounts (including Forms 926, 5471, 8621, 8865, 8858, 8938, and FBAR)

  • Preparation of information reporting due to non-U.S. owner of a U.S. corporation or U.S. disregarded LLC (Form 5472)

  • Preparation of all state and local income and franchise tax returns

  • Preparation of Initial and Annual Expatriation Statement (Form 8854)

  • Calculation of withholding tax payments and preparation of withholding tax forms (Form 1042/1042-S, Form 8804/8805, Form 8288/8288-A) due to the payment or allocation of FDAP, ECI and/or FIRPTA

  • Assistance with the preparation and validating W8 and W9 forms

  • Preparation of Passive Foreign Investment Company (PFIC) statements to enable U.S. investors to make a Qualified Electing Fund (QEF) election

  • Full security analysis including wash sales, qualified dividends, constructive sales, straddles and mixed straddles,§1256, §988, OID/market discount, and §871(m)

  • Preparation of earnings and profits (E&P) study

 

Fund Structuring

  • Initial fund structuring aimed at minimizing overall U.S. tax exposure and tax filing obligations of a fund and its investors.

  • Assistance with formation of legal entities and drafting operating agreements

 

Investment Tax Due Diligence Services

  • Analysis of offering documents and legal agreements

  • Analysis of the U.S. tax treatment of legal entities and instruments

  • Assessment of inherited tax liabilities and analysis of DTAs/DTLs for secondary transactions and acquisitions of privately held companies

  • Analysis on the impact of §754 election or electing investment partnership election under §743(e)(6) for secondary partnership acquisitions

  • Effective tax rate modeling and calculation of after-tax projected IRR

  • Cost benefit analysis of using an onshore or offshore blocker entity

  • Calculation and planning on the limitation of interest deduction on shareholder loans due to §163(e), §163(j), and §385

  • Tax treaty qualification analysis

  • Effectively connected income (“ECI”) analysis for non-U.S. investors

  • U.S. real property interest (“USRPI”) and U.S. real property holdings company (“USRPHC”) analysis

  • Passive foreign investment company (“PFIC”) and controlled foreign corporation (“CFC”) analysis for U.S. investors

  • Unrelated business taxable income (“UBTI”) analysis for tax-exempt investors

  • Commercial Activity Income analysis for foreign governmental investors

Fund and Special Purpose Vehicle (SPV) Administration

  • Maintaining the books and records for funds, SPVs, and blocker entities

  • Tracking investor capital accounts including calculating management fees, and carried interest

  • Preparation and compilation of annual financial statements

  • Full treasury management