Megan L. Brackney and Bryan C. Skarlatos quoted in "Partnership Audit Regime Creates Liability Issues for Reps" , Tax Notes

The vast power given to partnership representatives under the centralized audit regime could make them the target of lawsuits, particularly if partners aren’t kept informed about audits.

Limited partners left in the dark could sue representatives under various theories of liability if they’re hit with a surprise tax bill, but succeeding on those claims could be difficult.

Tax Notes

January 17, 2019

Partnership Audit Regime Creates Liability Issues for Reps

Stephanie Cummings