Amending LLC and Partnership Agreements to Address Tax Reform and the New IRS Audit Rules
Qualified Business Income Deduction, Former Partner Contributions to Tax Liability, Push-Out Elections and More
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will guide company counsel on how significant recent tax law developments—the 2017 Tax Act and the new partnership audit regime—affect 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
I. The 2017 Tax Reform Act – Key Provisions for Partnerships and LLCs
II. The new partnership audit regime – Overview and Recent Developments
III. Advising Partnerships and LLCs on the 2018 Tax Landscape
IV. 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 affect existing partnership and LLC operating agreements?
- The qualified business tax deduction and addressing distribution 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
Jonathan S. Brenner
Member
Caplin & Drysdale
With over 30 years of experience as a tax attorney and business adviser, Mr. Brenner counsels businesses and... | Read More
With over 30 years of experience as a tax attorney and business adviser, Mr. Brenner counsels businesses and high-net-worth individuals on the most tax-efficient structures for their complex domestic and cross-border transactions. He brings to his practice a broad and deep understanding of the tax law, as well as the accounting, business, and legal issues that affect his clients' interests. U.S. and foreign businesses, U.S. citizens, expatriates, and foreign nationals seek his guidance in matters involving domestic and cross-border fund formation, fund management, mergers and acquisitions, executive compensation and real estate, among others.
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Elizabeth J. Stevens
Atty
Caplin & Drysdale
Ms. Stevens' practice centers on international tax planning and advocacy for corporate clients. Matters involve... | Read More
Ms. Stevens' practice centers on international tax planning and advocacy for corporate clients. Matters involve transfer pricing, U.S. inbound investment taxation, and counseling on the tax implications of multinational groups' transactions and entity structures. Previously, she practiced at a regional law firm in California, where she assisted corporate and individual clients with business transactions, estate planning, employment matters, and civil litigation.
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