FSO Quizz

Which type of investment Private Equity (PE) funds do?

• Liquid

• Cash

• Long Term investments

• Illiquid

Which of the following qualify as tax exempt investors?

• Pension funds

• Public companies

• Individuals Investors

• Foreign investors

Which type of funds PE are?

• Open

• Side by side

• Closed

• Open & closed

How much is the lock of period of a PE fund?

• 1-3 years

• 5-10 years

• 10-12 years

• 15-20 year

Are PE capable of engage in buyouts of public companies?

• No

• Depending on the buyouts

• Sometimes

• Yes

Unrelated Business Taxable Income (UBTI) comes under which IRC Section?

• Sec 990

• Sec 420

• Sec 107

• Sec 501

In a organization chart what figure is representative for Partnerships?

• Circle

• Triangle

• Square

• Rectangle

Schedule K-1 are representative for _________?

• Taxable Income

• Partners' Income/Deductions

• Book Income

• Capital Gains/Losses

When is the deadline to file Form 1065?

• - March 15th

• -July 30th

• - September 15th

• - October 15th

What is the information to show in the Form 8621?

• - Income and deductions

• - PFICs

• - Foreign information

• - Withholding