Partnership Tax Services
We help partnership-based businesses find opportunity in the complex rules governing their structures.
Navigating the Complexities of Partnership Tax
As partnership tax rules continue to evolve, the flexibility partnerships have in sharing the results can quickly become complex. With so many ways to divide economic outcomes, it’s easy for tax issues to arise that may be difficult to manage without trusted guidance.
Our experienced advisors combine their strong technical knowledge with advanced technology and insights to make these complexities more manageable. We support you in navigating the nuances of partnership tax, enabling informed business decisions that benefit your partnership.
How BDO Can Help
Navigate Complex Partnership Structures with Clarity
Align partnership structures with tax and business goals, stay updated on tax policy changes, and receive guidance on complex tax rules.
Streamline Compliance and Reporting
Automate tax reporting across all jurisdictions and maintain compliance with evolving tax laws.
Supplement Tax Resources
Fill talent, knowledge, and technology gaps by leveraging BDO’s global network of experienced tax advisors.
Enable Data-Driven Insights with Advanced Technology
Harness technology to streamline operational workflows, securely distribute partner packages, and generate robust data analytics that support strategic decision-making.
Capabilities
BDO helps clients navigate growing partnership tax demands, delivering technology-enabled compliance and reporting services.
- Tailored Partnership Tax Reporting Process: Enhance reliability, improve timeliness, and mitigate risk
- Tax Form Management: Prepare, file, and deliver required tax forms and partner packages, including Schedule K-1, K-2, and K-3
Our Partnership Taxation professionals leverage their deep technical experience to help clients enhance the benefits of operating as a partnership. Our team provides the following partnership taxation services:
- Partnership M&A Structuring and Support: Comprehensive guidance throughout the lifecycle of the partnership
- Formation and Exit Planning: Advising on critical partnership formation decisions and exit strategies
- Private Equity Fund and Portco Strategies: Tax planning opportunities that enhance investment returns and drive value creation
- Partnership Initial Public Offering Transactions: Structuring Up-C and Up-SPAC transactions
Our team regularly assists clients with partnership tax computations, including:
- Capital Account Maintenance & Allocations Support: Manage Section 704(b) capital accounts, track economic arrangements, and support historical rebuilds
- Section 704(c) Allocations & Modeling: Develop advanced scenarios for tax item allocation on property with built-ins gains or losses
- Basis Adjustment Calculations: Perform gain/loss recognition for partnership sales and income recognition for interest transactions
- Tax Receivable Agreement Modeling: Provide support following an Up-C or Up-SPAC public offering
Empowering Businesses with BDO’s Partnership Product
BDO’s Partnership Product, integrated within the BDO Total Tax Ecosystem, transforms tax compliance by combining economic and tax basis capital management with reporting processes. It enhances efficiency by streamlining income and disclosure allocations across complex, multi-tiered partnership structures, providing real-time insights and automated partner package delivery for strategic decision-making. Our unified technology with a common data model supports a comprehensive total tax strategy with seamless access to partner data across all funds. Key features include:
Optimized Workflow & Secure Distribution
Automate operations to enhance efficiency and reduce manual tasks, including automated delivery of all partner packages: Schedule K-1, K-2, and K-3s.
Customized Analytical Dashboards
Convert complex data into clear insights for monitoring tax obligations and trends, providing strategic insights for exit planning and decision-making.
Sophisticated Capital Allocation Tools
Generate precise, automated profit and loss distribution among partners.
Comprehensive Partner Analytics
Easily access key partner information, including profit and loss allocations, rate of return, ownership metrics, and other customizable analytics.
BDO's Total Tax Approach
Combining our deep technical knowledge and global reach with emerging technologies, we work collaboratively to address your tax compliance and reporting obligations, transform your tax operations, and identify opportunities across your total tax footprint.
Partnership Tax Insights
Explore our most recent resources and thought leadership.
- Industry
- Asset Management
- Healthcare
- Life Sciences
- Manufacturing
- Nonprofit & Education
- Private Equity
- Professional Services
- Real Estate & Construction
- Restaurants
- Retail & Consumer Products
- Technology
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Tax Strategist Webcast Series
Every business decision has a tax implication. Learn how to align tax strategies with overall business objectives to enhance your business’s tax positions.
Tax Policy Insights
Stay informed in a rapidly evolving tax policy landscape and learn how tax legislation may impact you and your business.
Contact Us
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