Partnership Audit Rules definition

Partnership Audit Rules means Chapter 63 of the Code, as amended by the Bipartisan Budget Act of 2015, and any subsequent amendment (and any Treasury regulations or other guidance promulgated, or that may be promulgated in the future) relating thereto.

Partnership Audit Rules means Sections 6221 through 6241 of the Code, together with any guidance issued thereunder or successor provisions and any similar provision of state or local tax laws.

Partnership Audit Rules means Subchapter C of Chapter 63 of Subtitle F of the Code, as modified by Section 1101 of the Bipartisan Budget Act of 2015, Pub. L. No. 114-74, and any successor statutes thereto or the Treasury Regulations or other authoritative guidance promulgated thereunder.

Examples of Partnership Audit Rules in a sentence

• Title II − Technical Corrections Related to Partnership Audit Rules (sec.

• The Partnership Representative is authorized and required to represent the Company (at the Company’s expense) in all disputes, controversies or proceedings with the Internal Revenue Service, and, in its sole discretion, is authorized to make any available election with respect to the BBA Partnership Audit Rules and take any action it deems necessary or appropriate to comply with the requirements of the Code and to conduct the Company’s affairs with respect to the BBA Partnership Audit Rules.

• The Managing Member shall be the Partnership Representative of the Company, and [INSERT] shall be appointed as the Designated Individual of the Partnership Representative for purposes of the Partnership Audit Rules.

• From time to time, the Managing Member may appoint a different Person to serve as the Designated Individual, provided such appointment is permitted under the Partnership Audit Rules.

• Each Member and former Member will cooperate fully with the Partnership Representative with respect to any such disputes, controversies or proceedings with the IRS, including providing the Partnership Representative with any information reasonably requested to comply with and make elections under the BBA Partnership Audit Rules.

More Definitions of Partnership Audit Rules

Partnership Audit Rules has the meaning set forth in Section 12.3(b). “Partnership Representative” has the meaning set forth in Section 12.3(b). “Permitted Persons” has the meaning set forth in Section 11.2(a).

Partnership Audit Rules means the centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015, as set forth in Sections 6221 through 6241 of the Code and any Treasury Regulations and administrative guidance thereunder.

Partnership Audit Rules means the provisions of Subchapter C of Subtitle F, Chapter 63 of the Code, as amended by the Bipartisan Budget Act of 2015, P.L. 114-74.

Partnership Audit Rules means Subchapter C of Chapter 63 of the Code and any subsequent amendment (and any Treasury Regulations or other guidance relating) thereto and, in each case, any analogous provisions of state, local and non-U.S. Law governing the preparation and filing of Tax Returns, interactions with tax authorities, the conduct and resolution of examinations by tax authorities and payment of resulting Tax liabilities.

Partnership Audit Rules has the meaning set forth in Section 10.3(b) hereof.

Partnership Audit Rules means the audit rules and procedures set forth in Code Sections 6221-6235 and 6241 effective for tax returns filed for taxable years beginning after December 31, 2017 and the Treasury Regulations and other guidance promulgated thereunder.

Partnership Audit Rules means Subchapter C of Chapter 63 of Subtitle F of the Code, as modified by Section 1101 of the Bipartisan Budget Act of 2015, Pub. L. No. 114-74 and as further modified from time to time, and any successor statutes thereto or the Regulations or other authoritative guidance promulgated thereunder.