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Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC.
M&T Bank Corporation’s European subsidiaries (Wilmington Trust (UK) Limited, Wilmington Trust (London) Limited, Wilmington Trust SP Services (London) Limited, Wilmington Trust SP Services (Dublin) Limited, Wilmington Trust SP Services (Frankfurt) GmbH and Wilmington Trust SAS) provide international corporate and institutional services.
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Corporate & Institutional

Tax Services – Federal and State Tax Returns

Working with a respected service provider of specialized tax reporting.

Most alternative entities used in Capital Markets transactions, including Delaware statutory trusts, partnerships, limited liability companies, and corporations, require specialized tax reporting.  Wilmington Trust SP Services, Inc. can provide the tax return preparation and filing services to ensure compliance with the tax reporting sections of your entity agreements.

Tax reporting can take many forms, including Trust Tax Returns (1041) with associated Grantor Letters,  Partnership Tax Returns (1065) with associated K-1s, and Corporate Tax returns (1120). These various forms may have different due dates and reporting requirements. This can be a complex process. Our team is not only astute in determining which report you need, but also has deep experience navigating the regulations associated with them.

 

Preparation and Filing

We prepare and file applicable filing extensions for the tax year.  Then we draft the federal and state tax returns, and required schedules, for client review.  Once the authorized party signs the returns, we sign as Tax Preparer and file accordingly.  A finalized version of the returns are provided for recordkeeping.

Professional Judgement to Resolve Variances

We will use our professional judgment in resolving questions where tax law is unclear, or where conflicts exist between tax authority interpretations and varying supportable positions.  Also, unless otherwise instructed by you, we will resolve such questions in your favor whenever possible.

Dissemination of K-1s and Grantor Letters

Once the returns are filed, our staff will disseminate any K-1s and Grantor Letters to the beneficial owners; as directed (e-mail or U.S. mail).  Clients do have the option to disseminate the K-1s and Grantor Letters themselves; as they deem appropriate.

Experience guides everything we do

Our approach is to customize a package of services for each entity, with a goal to help our clients receive flawless execution and fully integrated service. Your Capital Markets Relationship Manger will continue to serve as your single point of contact for all phases of the transaction; engaging Wilmington Trust SP Services on your behalf— to meet your tax reporting and filing requirements.

Contact an expert

Wilmington Trust is not authorized to and does not provide legal, accounting or tax advice. Services are provided by Wilmington Trust, N.A., Wilmington Trust Company, and M&T Bank

Services are available through our domestic and international affiliates. Not all services are available through every domestic and international affiliate or in all jurisdictions