Exam: Final Regulations Empower Partnership Representatives in BBA Partnership Audit Regime

Journal of Tax Practice & Procedure

August - September 2018

In this article, George Hani analyzed how the partnership representative role has grown under the Bipartisan Budget Act's partnership audit rules, which were finalized in August 2018. "The Partnership Representative is a critical part of the new regime given the authority vested in the Partnership Representative by the statute," Hani wrote. "Having finalized regulations allows partners and their partnerships to have a better sense of the lay of the land as they select their Partnership Representatives and amend (or draft) partnership agreements ... establishing the working relationship between the Partnership Representative, the partnership, and the partners."