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Like the VCR and the cassette tape, the tax matters partner will soon be obsolete. In this video, tax attorney Michelle Gearity explains how the new partnership representative replaces the old tax matters partner, key differences between the roles, and what happens if you don't select a partnership representative.

To learn more about the new partnership audit representative role and the new partnership audit rules in general, register to join us Tuesday, October 17, for our Business Hour on what owners of partnerships and LLCs need to know about new partnership audit rules.