Examples of Partnership Tax Audit Rules in a sentence
The Manager is hereby designated the “Tax Matters Partner” (as defined in Code §6231, to the extent applicable for taxable years beginning before January 1, 2018) and as the “partnership representative” of the Company for purposes of the Partnership Tax Audit Rules.
For each taxable year that the Partnership Tax Audit Rules are applicable to the Fund, the following provisions shall apply: [The General Partner is hereby designated as the “partnership representative” within the meaning of Section 6223(a) of the Code (the “Partnership Representative”), and shall appoint an individual chosen by the General Partner in its sole and absolute discretion to serve as the “designated individual” under the Partnership Tax Audit Rules (the “Designated Individual”).
The “partnership representative,” as defined in the Partnership Tax Audit Rules, of the Partnership shall be the AIFM or its designee (the " Partnership Representative").
The Fund is hereby designated as the “ partnership representative” within the meaning of Section 6223(a) of the Code (the “Partnership Representative”), and shall appoint a natural person to serve as the “designated individual,” within the meaning of the Partnership Tax Audit Rules (the “Designated Individual”), to act on behalf of the Partnership Representative.
From this it can be inferred that most participants haven’t received the agreed training which were selected on the review meeting with their superior.