Kathlyn Talapian

Chicago, Illinois, United States

Tax Consultant Senior

Deloitte Tax LLP

I am a senior tax consultant at Deloitte Tax LLP's core Business Tax Services group, working primarily in the Investment Management, and Real Estate industries. I received my Bachelor's Degree in Business Administration in 2015 from Loyola University of Chicago, with a major in Accounting and a minor in Information Systems.

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More than one year of experience at Deloitte Tax serving clients in the Investment Management and Real Estate Industries. Experience includes providing tax compliance and consulting services to hedge funds and private equity firms, including the following:

*Providing tax compliance and consulting services to private equity firms with over $1 billion of investment capital, with responsibilities including:
- Preparation of the federal and state income tax returns, including the computation of all Schedule M differences included in taxable income, for approximately 50 partnerships in a tiered structure
- Preparation of the taxable income and expense allocations in accordance with the partnership agreement
- Preparation of the carried interest and management fee calculations and allocations
- Preparation and reconciliation of book and tax capital accounts
- Assist in tax related consulting matters including FBAR, extensive capital gain allocations, investment acquisition and disposal transactions, technical terminations, REITs, PFICs, and swap analysis

*Preparation and review of federal and state income tax returns for hedge funds managing up to $100 million of investment capital
- Review of taxable income, expense, carried interest, and management fee allocations in accordance with the partnership agreement
- Review of book and tax capital accounts
- Tax research related to characterization of contingent convertible debt and implications of debt financed income to tax exempt partners

*Tax compliance experience includes federal and state corporate, partnership, trust and individual tax returns:
- Preparation of tax compliance filings, including federal and state income tax returns, quarterly estimates and extensions, and international investment reporting

*Clients served include a mix of public and private, multinational, and Fortune 500 clients

*Responsibilities on all engagements include project management activities including scheduling, billing, information-gathering from the funds, coordination with engagement teams, and management of other tax consultants assigned to the engagement