This document is a tax summary for prospective investors in the Access Fund, discussing the U.S. federal income tax consequences of investing in the fund. It outlines the expectation that the Access Fund and the Underlying Fund will be treated as partnerships for tax purposes, meaning they will not pay federal income taxes directly, but income or loss will pass through to partners. It warns of potential reclassification as a corporation, which would change tax obligations. The document advises investors to consult their own tax advisors.
doj/DataSet10/EFTA01392377.pdf
{"key_people":["Patrick Gerschel"],"document_type":"financial","key_locations":["U.S."],"document_subtype":"tax summary","key_organizations":["Access Fund","Underlying Fund","IRS"],"reference_numbers":["DB-SDNY-0097590","SDNY_GM_00243774","EFTA01392377"]}