George Dimov, CPA, of Dimov Tax Specialists joins Kim Lisa Taylor to explain the accounting and tax work behind a securities offering. They discuss financial statements and tax filings for Rule 506 issuers, what to expect when a Securities rule calls for an independent review or audit, and how to prepare for an audit if its required. George also explains how his team supports offerings with international investors.
09:30 Phantom income: a $57,000 tax bill with no distributions
10:45 Passive losses carrying over on Form 8582
15:20 Separating management fees from profit share
17:20 How missing financials can kill financing and deals
23:25 The three most common financial statements
28:35 Fund administrator as an outsourced bookkeeper, and audit independence
30:00 Series LLCs: separate books, no cross liability, and separate Form D filings
40:30 Opportunity zone benefits under the One Big Beautiful Bill
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