PARTNERSHIP AUDIT RULES

By , December 18, 2018 10:25 am

Lawyers who draft LLC operating agreements for multi-member LLCs must handle, among many other issues, the issue whether these agreements should contain provisions addressing the possible impact of the BBA partnership audit rules on the relevant LLCs.  The post under the link below by the law firm of Ropes and Gray addresses new final Treasury regulations potentially relevant to the drafting of such agreements.

Here is the link:  https://www.disputingtax.com/2018/11/treasury-issues-final-rules-partnership-representatives-new-proposed-rules-partnership-audit-regime/#page=1

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