In the April-June 2017 issue of Risk & Compliance, Tax partner Kat Gregor and Tax associates Kathryn Seevers and Veronika Polakova discuss certain governance concerns raised by the new partnership audit regulations that were released by the Department of Treasury on January 18, 2017. The article focuses on two issues: (1) the ability of partnerships to opt out of the rules and (2) the approach to the selection of the partnership representative given the partnership representative’s powers under the rules.
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