SPV Dictionary

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1042 (1042-S, 1042S)

Forms 1042, 1042-S and 1042-T are United States Internal Revenue Service tax forms dealing with payments to foreign persons, including non-resident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts. Forms 1042 and 1042-S are filed separately from an SPVs 1065 form. The main difference between forms 1042 and 1042-S is that form 1042-S […]

1065

An IRS tax return form that reports the profits, losses, deductions, and credits of a business partnership. SPVs are considered partnerships (LLC or LP) by the IRS so SPVs file a 1065 each year the SPV has a taxable event. The IRS form 1065 generates K1s as part of its form. Each SPV member (investor) […]

1099

Tax document issued by a business entity to another entity or individual which reports non W-2 wage income (non-employee compensation, interest, dividends, etc.). An SPV may need to generate and deliver 1099s to individuals or entities (companies) that provided the SPV with services and was paid for those services. Examples include a law firm, management […]