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
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