Limited Liability Companies: Understanding the New Bipartisan Budget Act Partnership Audit Rules
12 PM EDT
This teleconference explores the new Bipartisan Budget Act partnership audit rules. The rules were enacted in November 2015, but, because they won’t become effective until January 1, 2018, they haven’t received much attention until the last few months. Every lawyer who handles LLC matters, whether or not he or she is a tax lawyer, should have at least a basic understanding of them, because they will have an enormous effect on IRS audits of multi-member LLCs and other entities that are taxable as partnerships.
Natasha Shishov, Jaspan Schlesinger LLP, Garden City, NY
John Cunningham, McLane, Graf, Raulerson & Middleton, Manchester, NH
YLD Business Law Committee, YLD Tax Law Committee and the YLD Ethics & Professional Responsibility Committee