New Partnership Audit Rules, New Partnership Representative, New Partnership Provisions

OL066-16  |  On Demand  |  Update  |  Self-Study


The IRS found partnerships too complicated to audit under the TEFRA rules. Congress has now passed legislation that makes it easier for the IRS to assess and collect tax and places a myriad of administrative burdens on the partnership. Unless the partnership is eligible and opts out of these rules, the IRS communicates with one person, the Partnership Representative, and no other partner has the ability to interact with the IRS or to contest the assessment. This presentation will explore the complicated options for partnerships, who bears what tax and at what rate, and some of the risks and pitfalls for the Partnership Representative. For 2018 and subsequent years, new partnership and operating agreement language is needed for this paradigm shift and partnerships may have to keep track of their former partners.


Number of Credits Type of Credits
1 Tax







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Shane P. Morris