August 24, 2020

International Co-Sourcing Clears Up WP Certification Quandary

Client Profile

Industry: Private Equity
Entity Type: Closed-End Fund
Geographic Footprint: International
Number of Employees: 200+

Doctor and Infant Issue

A private equity (PE) fund with international investors faced challenges with how its fund administrator organized investors' tax documentation acquired at onboarding. It struggled to get the needed investor data and tax forms for its IRS-mandated Withholding Foreign Partnership (WP) periodic review from its fund administrator.


Our team aggregated the investor data, and corresponding Forms W-8 and W-9, which inform several of the fund's domestic filing requirements, including its investors' Schedules K-1, withholding Forms 1042-S and 8805, WP renewals and certifications, as well as its Foreign Account Tax Compliance Act (FATCA) requirements. By working as a co-sourcing resource for the fund, we also helped gather a Self-Certification for each investor to satisfy the Organization for Economic Cooperation and Development (OECD)'s Common Reporting Standard (CRS) requirements.


With our co-sourced international solution, the fund successfully certified its WP status to the IRS. The processes we implemented for their investor data also helped to reassess investor onboarding procedures, meet annual domestic and international tax reporting functions, and apply a tax form replacement policy upon a change in circumstance.

International Co-Sourcing Services

For more information about our international co-sourcing services, please contact us.

Download our case study

Copyright © 2020, CBIZ, Inc. All rights reserved. 

Accelerated Recovery Resources

Access articles and tools to help your business generate cash, improve leverage, and align & transform as you recover from the pandemic.

COVID-19 Resources

Access all COVID-19 related articles to help your business respond to the pandemic.

Insights in Your Inbox