WATCH: Partnership audit rules 101

September 5, 2017

Blog Post

Major changes coming down the pike in 2018 fundamentally change how partnership audits are performed, and as a result all partnerships and most LLCs need to amend their partnership agreements.

In this video, tax attorney Dave Ebersole gives a brief overview of the new IRS partnership audit rules and answers some FAQs about the new audit rules, including:

What exactly is changing with the new partnership audit rules?
What is happening to the tax matters partner role?
How much authority will the new partnership representative have?
What can my business do to prepare for the new partnership audit rules?
What happens if you do not amend your partnership or operating agreement?
What partnerships or LLCs do these rules apply to?

McDonald Hopkins, a destination law firm for top legal talent, is pleased to announce that Madison Massie has joined the firm's Business Department as an Associate, bringing her knowledge and expertise to the Tax and Benefits Practice Group.

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WATCH: Partnership audit rules 101

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