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Joint Venture TEFRA

Allen Matkins

Recent Changes to the Tax Matters Partner Designation May Prove Costly to the Unwary

Allen Matkins on

One choice all joint venture devotees face in negotiating each new venture is who to designate as the tax matters partner. Recent changes to the law make this decision much more important and may prove costly to those who are...more

Lowndes

New Audit Rules for Partnerships

Lowndes on

Last week, President Obama signed into law the Bipartisan Budget Act of 2015.  Buried in this budget bill is an entirely new procedure for how partnerships are audited.  Specifically, it would repeal the  much maligned TEFRA...more

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