National Tax Conference 2018

NTA1814 - The New Partnership Audit Regime has Arrived

Nov 12, 2018 3:45pm ‐ Nov 12, 2018 5:25pm


Description

On January 1, 2018, a new age dawned as the Centralized Partnership Audit Regime officially took effect. Virtually every partnership (from 2 to 100,000 or more partners) will be subject to the new rules if placed under audit. Learn all about the limitless power of the Partnership Representative (and how to limit it). Follow along as we navigate the twisting trails of the modification period and explain the difference between the “pay-up”, “pull-in” and “push=out” options available. You’ll hear about the challenges issues faced by the states to conform to the new rules and collect their share of tax on any audit adjustment, as well a the actions taken by them so far.

  • Recognize the new centralized partnership audit regime
  • Recognize the options for opting out of the regime
  • Identify options for passing adjustments to partners
  • Understand the critical importance of the Partnership Rep
  • Learn about how the various states are or are not conforming to the federal approach

Speaker(s):

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