Conceptive

Tax, architecture

Big 4-grade partnership tax for every firm

Our founder as architect of TaxTek.ai, Tax Technologist Inc. Market figures from the company.

4M+US partnership returns a year
30M+K-1s issued a year
1 passa full year of allocations

Problem

Outside the Big 4, partnership tax for real estate and private equity still runs on chained spreadsheets.

Approach

A calculation engine that runs a year of allocations, revaluations and basis adjustments in one pass, with a report for every step.

What we built

  • 704(b) capital accounts and 704(c) layers
  • Revaluations with layered book and tax depreciation
  • 743(b) adjustments allocated under section 755
  • Tier waterfalls and partner basis tracking
  • K-1 generation

How it fits together

Inputs
PartnersAssetsAgreementsYear’s activity
Engine
Revaluations743(b), 755Layered depreciation704(c)Tiers
Outputs
Per-activity reportsK-1s

Stack

Calculation enginePer-activity reporting

Have something to build, fix or connect?

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