Hosted by Tax Section
The rules and procedures for auditing partnerships will change dramatically for taxable years beginning on or after Jan. 1, 2018. Practitioners should begin to act now because the new rules will affect all partnership and LLC clients, regardless of size. Partnerships must either comply with the rules or make an annual election to opt out. In either case, client education and modification of partnership and operating agreements in advance of issues arising are crucial.
This CLE panel will address these new rules and procedures while focusing on drafting techniques and planning considerations for the partnership's governing agreement. Panelists will also discuss issues arising in acquisitions and dispositions involving partnerships.
Join your colleagues in the Tax Section for this informative CLE program to learn what's necessary to be ready when the new partnership rules take effect.