The Centralized Partnership Audit Regime – An Overview

Armando Gomez

New York tax partner Pamela Lawrence Endreny and Washington, D.C. tax partner Armando Gomez spoke at "The Centralized Partnership Audit Regime — An Overview," a webinar presented by Lawline on September 15. Their presentation identified the key definitions and basic parameters of the new centralized partnership regime, examined the potential elections that partnerships and partners might want to consider under the new regime, explored some of the key areas that the Treasury Department and the IRS needed to address through regulations or other guidance, and provided insight into essential points to consider, including in partnership agreements and other documents for new and existing partnerships.