Tax and audit rules are tightening, and private real estate debt funds are squarely in the crosshairs. This season opener of the Fund Forum is just in time for tax season, and pulls back the curtain on what fund managers are actually seeing from auditors, tax advisors, and regulators heading into 2026.

Presenters will share real examples of reporting issues, valuation scrutiny, expense allocation questions, and structural choices that triggered deeper review. Expect practical discussion around audit preparedness, documentation habits, K-1 pressure points, and where managers are accidentally increasing risk.

This isn’t theory — it’s what’s getting flagged in the field, what’s changing in interpretation, and how experienced managers are adjusting now to avoid pain later.

Key Takeaways

• Tax and audit changes most likely to impact private lending funds
• Documentation and reporting practices auditors are focusing on
• Common structural or accounting missteps drawing scrutiny
• Steps to reduce audit friction and investor reporting risk

Your subject matter experts:

• Moderator: Scott Ward, Think Realty
• Tommy Thornburgh, Prime Corporate Services
• Chris Ricker, Cathedral CPAs & Advisors
• Henry Chavez, Cathedral CPAs & Advisors