Tax preparation is an important aspect of managing a domestic fund. Unkar Systems has extensive experience in this area and has produced finished tax reports for some of the largest domestic funds in the US.

In contrast to the typical situation where investors K-1s are produced in late March or early April Unkar Systems can produce investor K-1s promptly after the close of the year or completion of the your annual audit. For the 2011 tax year, our clients began to receive their tax reports in late January - a virtually unheard of situation.

When Unkar Systems begins your tax preparation work, our goal is to make your tax season as efficient as possible by working closely with your auditors and tax advisors. We will provide your auditors and tax advisors with key financial reports for review and answer any questions in a timely manner, ensuring that each investor K-1 is accurate and complies with current IRS Tax Regulations.

Unkar Systems can produce Schedule 1065 K-1 reports for US taxpayers as well as the partnership US tax return (Form 1065). We are able to produce our K-1s on official government forms. We have the flexibility to customize the footnotes and add additional letters or forms. We also have the capability to file the K-1s electronically for funds with more than 100 investors with the IRS.

Unkar Systems also has the ability to produce interim K-1 reports. This capability can be valuable for fund-of-funds that typically receive underlying K-1 investment data after April 15^th and funds that anticipate large gains giving their investors an estimate before the final filing.