LKE Program Implementation

The implementation of an LKE Program should focus on three things:

To achieve these three goals, our implementation includes the following steps:

Initial on-site meeting to provide your team with an overview of the rules and requirements of an LKE Program
Identification and resolution of tax and business issues
Implementation of process changes, including the written notification of the assignment to the Qualified Intermediary
Qualification for the safe harbors provided in Revenue Procedure 2003-39
Review of the Master Exchange Agreement
Banking structure and QI functionality
LKE software implementation and training
Data requirements and file transfer
Testing the accuracy of the depreciation and gain/loss calculations
Preparation and sign-off on the final written deliverable

We also have the experience to provide the following services to you after the successful implementation of your LKE Program:

If requested, we can assist you with the submission of a private letter ruling request;
LKE Program Support service
IRS audit support

Services