Christopher Rizek Examines Partnership Representatives at NYU 11th Annual Tax Controversy Forum
Who do "Partnership Representatives" represent: the partnership, the general partner, the limited partners, or someone else? How can PRs carry out their responsibilities and wade through the numerous conflicting interests and privacy concerns in light of all the obligations and elections they may have under the new partnership audit rules, the partnership agreement, their own contracts with the partnership, fiduciary obligations, and most importantly, the professional responsibility and ethical rules? What do PRs have to think about and would you want to be one? Come and find out.