Menu
Caplin & Drysdale Tax Lawyer Charles Ruchelman Launches Website on New Partnership Audit Rules
Caplin & Drysdale

Caplin & Drysdale Tax Lawyer Charles Ruchelman Launches Website on New Partnership Audit Rules

Date: 1/24/2017

FOR IMMEDIATE RELEASE

CONTACT:  Sheryl K. Miller – 202.862.7857 / smiller@capdale.com


Charles Ruchelman is a Leading Authority on the New Law Taking Effect in Early 2018

WASHINGTON, D.C. – January 24, 2017: Caplin & Drysdale tax lawyer Charles M. Ruchelman has launched the website http://www.partnershiprepresentative.com/ to assist advisors and their clients in navigating the new Internal Revenue Service (“IRS”) rules which will replace TEFRA in January 2018. The new rules will have considerable impact on partnerships and entities taxed as a partnership, including private investment funds and private equity funds, as most are conducted through tax partnerships. To reduce potential tax obligations and administrative costs, existing and new partnerships are advised to evaluate current partnership agreements to be in compliance with the new rule before it takes effect in January 2018.

“Partnership Representative” will be the new designated liaison between partnerships and limited liability companies and the IRS. The partnership representative has broader authority to handle matters before the IRS, including managing and settling tax disputes, litigating in the U.S. Tax Court or U.S. district courts, paying additional taxes owed, and filing refund claims.  The new rules will make it easier for the IRS to perform partnership audits and are effective for partnership tax years after December 31, 2017. However, audit rules would allow a partnership to opt-out for partnerships with no more than 100 statements to its partners. 

PartnershipRepresentative.com will be a valuable resource for those seeking information on the partnership process. The website will also provide articles, programs, and insights on how to address the new provisions of the Bipartisan Budget Act of 2015.  Caplin & Drysdale attorney Charles M. Ruchelman has extensive knowledge of the new IRS tax and collection procedures relating to partnerships and limited liability companies. His practice involves resolving tax matters at all stages of tax disputes including IRS examinations, IRS appeals, post-appeals mediation, trial court litigation, and appellate litigation. For further information, please contact Mr. Ruchelman at cruchelman@capdale.com or at 202.862.7834, and visit www.PartnershipRepresentative.com for tools and resources, including legal resources, alerts and articles, and past and upcoming events.

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at www.caplindrysdale.com.
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000

___________________________

Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2019 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practicen Area(s)

View our non-mobile site Menu