Rothstein Kass Releases “FATCA Guide for Alternative Investment Fund Managers” to Help Navigate Registration Process

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Guide Provides Industry-Specific Insights Regarding the FATCA Compliance Process

In conjunction with the updated registration timeline under the Foreign Account Tax Compliance Act (FATCA), Rothstein Kass (, a leading national professional services firm, today announced the publication of the “FATCA Guide for Alternative Investment Fund Managers.” FATCA generally will require offshore investment funds and other foreign financial institutions to register with the IRS and to identify and report information regarding their U.S. investors. The guide provides a summary of key points and due dates, as well as insights to help fund managers navigate the FATCA compliance and registration process.

“The interplay between the final FATCA regulations and intergovernmental agreements is complex and still unfolding. It’s important for fund managers to educate themselves before rushing to register,” said Dan Byrne, Tax Principal. “While the IRS FATCA registration portal will open soon, there are still some important pieces of FATCA guidance which remain outstanding. We expect that the Cayman Islands intergovernmental agreement, which was just initialed earlier this week, will be released within the coming months and well in advance of the April 25, 2014 initial registration deadline. In the meantime, we hope this guide will be a helpful resource for managers as they prepare for the registration process, and aim to ensure their funds achieve FATCA compliance as effectively and efficiently as possible.”

Observation notes throughout the guide provide in-depth analysis derived from Rothstein Kass’ industry-leading expertise and highlight ongoing processes that will affect adherence to FATCA specifications. These notes include information on pending intergovernmental agreements between foreign countries and the United States, which will allow tax information reported under the local governments of these countries to be automatically exchanged with the IRS.

“Our aim is to present fund managers with all the background they need to make proper decisions for themselves and for their investors,” said Byrne. “The ‘FATCA Guide’ and the advice included within are valuable tools when making these choices.”

A copy of the guide is available by visiting

About Rothstein Kass:
Founded in 1959, Rothstein Kass is a premier professional services firm serving privately-held and publicly-traded companies, as well as high-net-worth individuals and families. With more than 1,000 professionals, the firm provides accounting, advisory, auditing and tax services, as well as a full array of integrated services such as litigation and forensic consulting and concierge and tax accounting to clients across industry spectrums and in all stages of development. Rothstein Kass is widely recognized as a leader in the financial services space, consistently ranking among the top CPA firms serving the Hedge Fund, Private Equity, Venture Capital, Broker Dealer and Family Office segments.

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Kathleen O'Toole
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