Amending LLC and Partnership Agreements to Address Tax Reform and the Current IRS Audit Rules
Tax Law Considerations, Former Partner Contributions to Tax Liability, Push-Out Elections and More
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide company counsel on how significant recent tax law developments--the 2017 tax reform law and the partnership audit regime--impact partnerships, LLCs and the agreements that govern them. The panel will discuss the amendments to partnership and LLC operating agreements that should be adopted, or at least considered, now.
Outline
- The 2017 tax reform act: key provisions for partnerships and LLCs
- The new partnership audit regime: overview and recent developments
- Advising partnerships and LLCs on the 2019 tax landscape
- Drafting and amending partnership and LLC operating agreements: new considerations
Benefits
The panel will review these and other critical issues:
- What provisions of the new tax law impact existing partnership and LLC operating agreements?
- The qualified business tax deduction and addressing distributions in agreements
- The new IRS partnership audit rules and drafting or amending partnership and LLC operating agreements
- What are the top priority issues regarding a former partner's tax liability?
Faculty
Christopher T. Bird
Counsel
Blais Halpert Tax Partners
Mr. Bird is a business tax lawyer with eight years of experience at large international law firms. His practice... | Read More
Mr. Bird is a business tax lawyer with eight years of experience at large international law firms. His practice principally focuses on U.S. and cross-border tax matters relating to taxable and tax-free mergers and acquisitions, debt and equity financings, and the formation of pooled investment vehicles.
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Austin C. Carlson, CPA
Partner, CPA
Gray Reed & McGraw
Mr. Carlson brings unique skills and perspectives to every area of his practice, which includes complex tax planning... | Read More
Mr. Carlson brings unique skills and perspectives to every area of his practice, which includes complex tax planning for domestic and international transactions, real estate fund and joint venture tax and corporate representation, and tax counsel on mergers and acquisitions. He helps companies (domestic and international) and individuals structure corporations, LLCs, partnerships and nonprofit entities, achieve their transactional tax and corporate planning goals, and successfully resolve tax controversies with the IRS and state taxing authorities. Mr. Carlson also has substantial experience with all types of foreign account and income disclosure issues including the Streamlined Filing Compliance Procedures and Delinquent International Information Return Submission Procedures.
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Guinevere M. Moore
Shareholder
Moore Tax Law Group
Ms. Moore serves as an attorney and a professional partnership representative to her clients. She has over a decade of... | Read More
Ms. Moore serves as an attorney and a professional partnership representative to her clients. She has over a decade of experience representing taxpayers in high stakes disputes with the IRS. She represents taxpayers before the IRS and in litigation before the United States Tax Court, United States District Courts, Courts of Appeals, and the United States Supreme Court. She particularly enjoys her client counseling role and advising clients on how to navigate a dispute with the IRS. Ms. Moore also serves as Executive Director at US Partnership Representative, Inc.
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