Hedge funds · private equity · private credit · funds of funds
It is the best headline rate in the code, and it is still not zero. We prepare the fund's returns and every investor K-1 — and for you personally, we work the number down toward zero, federal and state, for a fee that is 40% of the tax we actually save. Nothing saved, nothing charged.
These come up in nearly every first conversation. Here is our honest answer to each.
It is where almost every manager stops, because it is the best rate anyone has ever quoted you and arguing with it feels greedy. But 20% of a large number is still a large number, and long-term capital gain treatment is a rate, not a plan. The people who get to zero are not getting a better rate — they are changing what is taxable, when, and to whom. That work has nothing to do with the fund return and everything to do with you.
A late K-1 is not a tax problem. It is a relationship problem, and it lands on you rather than on the person who caused it. We work backwards from the date your investors need the schedule and tell you in writing which documents we need and when. If we are going to slip, you hear it from us weeks early, not in April.
Most do not. Allocations that follow a distribution waterfall, side letters, differing capital accounts and a preferred return are not ordinary partnership work, and a generalist will either flatten them or ask you to explain your own fund back to them. We read the operating agreement first and allocate to what it actually says.
Ours does not move without a conversation and a reason you can check. What is included is written down before you sign, on this page, in section four below. If your fund grows and the work genuinely grows with it, we will show you the extra work before we bill for it.
A list you can hand to your partner, your CFO or your spouse without translating it first.
We are not a fund administrator. We do not strike NAVs, we do not keep the fund's books, we do not run investor servicing or act as transfer agent, and we do not give investment or securities advice. If you need those, we will happily work alongside the administrator you choose — we just will not pretend to be one.
What we put in writing
The tax planning fee is 40% of the tax actually saved, billed by ARPP LLC and paid out of money that was otherwise going to the Treasury. If the saving does not happen, there is nothing to pay. Tax return preparation is billed separately by Barr Advanced Tax Solutions under its own fee schedule.
For clients with $500,000 or more of income, we guarantee to identify at least $10,000 in tax reduction beyond what your current CPA, EA or tax attorney has already found. If we do not, Barr Advanced Tax Solutions prepares your individual federal returns at no charge for the next three years — a stated value of up to $22,500. Eligibility conditions apply and are published in full on our Terms & Guarantees page.
We do not use anything we would not want to explain to an examiner. Each position we take rests on the Internal Revenue Code, the regulations, or settled authority — not on an aggressive reading of a grey area and a hope that nobody looks.
Should any planning we put in place come under scrutiny, we stand behind it and defend the position at no cost to you, for as long as that position is open. You are not handed a strategy and then left alone with it.
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Tell us when the fund's year ends. We will give you every date that matters, including the dates we would need documents from you to hit them.
Your answer will appear here. Nothing is sent to us and nothing is stored.
Nothing you type here leaves your browser. There is no email box, no sign-up and no tracking on this tool — the answer is worked out on your own machine and we never see it. Federal partnership returns are due the 15th day of the third month after year end, with a six-month extension available on Form 7004. For a calendar-year 2025 fund that is 16 March 2026, extended to 15 September 2026 (IRS Form 1065 instructions). Weekend dates roll to the next business day; public holidays are not applied here, so treat a date landing on one as the day after.
Send us last year's return. Within ten business days we send back one page telling you what we found — and if we find nothing, we will say so plainly. No charge, no obligation, no card.
The eleven we would ask if we were on your side of the table — including the four that most preparers cannot answer, and the one about deadlines that tells you everything.
One email, the document attached, and nothing else unless you ask. You can tell us to stop at any time.
Fund tax preparation is quoted per fund, because a single-strategy fund with fourteen investors and a multi-class fund with two hundred are not the same job.
What is always included, at no extra charge: reading your operating agreement, the K-1 package for every investor, delivery to your investors in the format they expect, one round of investor questions answered by us rather than by you, and the state filings the fund actually requires.
What we will never do: raise the fee without telling you first and showing you the work behind it.