BY ANCHIN'S FINANCIAL SERVICES GROUP - SPRING 2026 ISSUE
We hope you enjoy our spring edition of ‘Filling the Gap’, where we provide tax compliance updates and information on our annual Financial Services Forum which will take place tomorrow, May 19th at our 3 Times Square office. It’s not too late to register!
Please don’t hesitate to reach out to our team with any tax planning questions or further clarification on the above. We are here to help.
As you review your accounting and tax strategies, consider whether you’re truly receiving everything you need from your current service provider, or if a specialty advisor like Anchin could fill the gap to cover what’s missing, and take your management and compliance efforts to the next level. To learn more about the topics covered in this newsletter, please contact E. George Teixeira, David Horton or your Anchin Relationship Partner.
Staying Compliant and Maintaining Confidence: Tax Risks Alternative Investment Funds Can’t Afford to Ignore
As the IRS uses evolving technology to increase its focus on complex partnerships and high-income taxpayers, alternative investment funds face heightened scrutiny and greater tax compliance risks. This article examines several key areas where funds risk exposure without the proper tax functions and procedures in place, including carried interest compliance under Section 1061, improper fund structuring, state and local tax obligations, PFIC misclassification, reporting of derivatives and complex financial instruments, and inconsistencies between partnership agreements and tax reporting. These issues can lead to penalties, amended returns, unexpected tax liabilities, and reputational damage if not properly managed.
The article emphasizes the importance of strong tax governance, accurate documentation, and proactive coordination with experienced tax advisors to help funds maintain compliance, protect investor returns, and reinforce investor confidence in an evolving regulatory environment.
Personalized solutions and senior-level attention for your specialized needs.
As regulatory scrutiny intensifies and risk becomes increasingly difficult to manage, financial services firms are facing more complex challenges. Anchin can provide the guidance needed to steer you down the right path. Our services include ensuring full compliance in financial reporting, minimizing tax exposure, consulting on operations, regulatory registration, systems design, and technology solutions. Our team of experienced specialists take the time to understand your firm’s tax and financial reporting needs to design strategic, growth-oriented solutions.
Our size and culture enable us to offer this full range of services while still providing the personalized attention and accessibility required by our diverse client base. From small, entrepreneurial startups to established funds, Anchin provides high-level, high-touch service to financial services firms. We are the right-sized firm for you - providing maximum value, senior level guidance, specialized insight and superior service.
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