Considerations in Drafting Partnership Audit Provisions

Tax attorney Lee Meyercord will be a featured speaker during a webinar hosted by the Los Angeles County Bar Association (LACBA). The program will take a closer look at drafting partnership audit provisions based on the Bipartisan Budget Act of 2015 (BBA), from selecting the partnership representative to the partnership representative's rights and obligations. Speakers will additionally touch on the importance of crafting an agreement that allows for flexibility when handling imputed underpayments. The program overall will offer best practices to help tailor audit provisions to a partnership's specific structure and objectives.