The new partnership audit rules will have a significant impact on trusts holding partnership assets. Tax attorney, Mark G. Kmiecik will be presenting, “Estate Planning and New IRS Centralized Partnership Audit Rules: Impact on Trusts Holding Partnership Interest”. This discussion will guide estate planning counsel and trust advisers on the impact of the new partnership audit rules on estates and trusts holding partnership interests. Other topics that will be addressed include:
- The potential tax impact of the new centralized partnership audit rules on family partnerships and trusts
- Family partnership eligibility for an election out of the centralized audit regime
- Elections and changes to partnership operating documents, including selection of a partnership representative, limiting the scope of the representative’s authority and deciding whether to require pushouts of audit assessments as part of a revised partnership agreement
- Alternative strategies to minimize potential tax exposure under the new audit rules
This online webinar will be hosted by Strafford Webinars and will take place on Wednesday, May 30, 2018 from 12:00 PM – 1:30 PM. For more information, or to register, please visit Strafford’s Website.