Corporate, Securities & Tax

In the wake of the tax reform legislation, H.R. 1, enacted Dec. 22, 2017, and the new partnership audit regime required by the Bipartisan Budget Act of 2015 with respect to tax years beginning Jan. 1, 2018, syndicators and developers need to determine whether partnership agreements should be amended before the filing of the partnership’s 2018 federal income tax return. Deal specifics may dictate whether an amendment is required, so parties should consider each deal individually to determine the best approach. If an amendment is necessary, negotiation will be required to execute a mutually satisfactory agreement.

Click here to read the full article written by Jerry Breed and Corenia Burlingame.