Are You Ready for the New Partnership Audit Regime?

JD Supra:  “Even though such audits [under the new rules] may not occur until years after the January 1 date, partners and their partnerships, ought to begin immediately to consider amendment of partnership [and operating] agreements to reflect the new audit regime. . . . advisors and partners [and members] ought to look to the amendment of partnership [and operating] agreements now in order to, at the very least, name a partnership representative and set forth the parameters of the authority of such person between the partners. January 1, 2018 is not far off.

By | 2017-09-06T17:30:17+00:00 August 31st, 2017|New Tax Audit Rules|

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