Illegal Activity
none
Blackmail
none
Date
2017
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document provides tax information for Limited Partners of the Access Fund, highlighting potential implications such as phantom income, UBTI, ECI, and FATCA compliance. It advises investors to consult their own tax advisors regarding these matters.
Metadata
- Subject
- Annual Income Tax Information
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0095827, SDNY_GM_00242011
- Date
- 2017
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Limited Partners | Financial | Access Fund | Limited Partners invest in the Access Fund and receive K-1 forms for tax purposes. |
| Access Fund | Financial | Underlying Fund | The Access Fund invests in the Underlying Fund. |
| FFIs | Legal/Compliance | IRS | FFIs must comply with FATCA and report information to the IRS. |
Notable Quotes 2
A Limited Partner will be taxed on its share of taxable income from the Access Fund, regardless of whether the Access Fund makes any distributions.
Tax-exempt investors (including IRAs) should expect to recognize UBTI from the Access Fund, which will create a requirement to make tax filings and pay taxes.
Financial Information
Amounts:30%
Legal Compliance
- FATCA compliance for foreign financial institutions (FFIs)
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigation
Organizations 2
Thad Lake CapitalIRS
Locations 2
U.S.US
Text Analysis
- Tone
- Informative
- Purpose
- To inform Limited Partners about potential tax implications related to their investment in the Access Fund.
- Significance
- This document outlines important tax considerations for investors, including potential phantom income, UBTI, ECI, and FATCA compliance.
File Info
- File Name
- EFTA01391091.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:31.603793
- DOJ Source
- View on DOJ