In 2017, the IRS issued new regulations that implement a centralized audit regime for partnerships. The new audit regime, which takes effect January 1, 2018, is designed to raise tax revenue and make it easier for the IRS to audit large partnerships, and allows the IRS to collect tax directly at the entity level from the partnership.
This program, taught by Vivek Chandrasekhar of Roberts & Holland and Sarah Brodie of Morgan Lewis, will discuss the background of the new Partnership Audit rules, the changes in tax liability for partnership entities, and what attorneys need to know about drafting operating agreements to best serve their clients under the new regime.
VIVEK A. CHANDRASEKHAR received his B.A. with highest honors from Indiana University in 2006, and his J.D. magna cum laude from New York University in 2011, where he received the Order of the Coif and was a Managing Editor of the Law Review. From 2012-2013, he was a law clerk to the Honorable Rosemary S. Pooler, United States Court of Appeals for the Second Circuit.
Good treatment of a complex topic.
I liked how the two presenters worked together. Made audit stuff a little more interesting! (needed a credit hour )
Very timely and comprehensive.
Topic was dense, but faculty seemed to know it well.
The presenters were great.