partnership audit rules

TEI Honored for Role in State Tax Notes’ “Project of the Year”

On December 18, 2017, State Tax Notes honored TEI’s role in a joint industry task force working to create a model revenue agent report statute, which State Tax Notes featured as its “Project of the Year.”

TEI Advocates the Need to Update State Statutes Governing the Reporting Federal Income Adjustments at the SEATA and MSATA Meetings

On July 10, 2017 and August 22, 2017, TEI Tax Counsel Pilar Mata, along with Fred Nicely of the Council on State Taxation, presented at the Southeastern Association of Tax Administrators and Midwestern States Association of Tax Administrators meetings. The panel discussed the need for states to update state statutes governing the reporting of federal income adjustments.

MTC Adopts Recommendation to Expand the Partnership Workgroup’s Mandate and Use the Interested Parties’ Draft as a Starting Point for a MTC Model Statute Update

On August 1, 2017, the MTC’s Uniformity Committee voted to expand the MTC’s Partnership Workgroup’s mandate to address the reporting of all federal audit adjustments and to use the Interested Parties’ draft model statute as a starting point to update the MTC’s model statute.

TEI Advocates Need to Update State Statutes Governing the Reporting Federal Income Adjustments at the National Conference of State Legislatures Meeting (June 15, 2017)

On June 15, 2017, TEI Tax Counsel Pilar Mata, along with Fred Nicely and Nikki Dobay of the Council on State Taxation, April Nevarez on behalf of the Institute for Professionals in Taxation, Jaye Calhoun on behalf of the ABA’s State and Local Tax Committee, and Tom Shimkin of the Multistate Tax Commission, presented at the National Conference of State Legislatures Taskforce on State and Local Taxation. The panel discussed the need for state legislators to update state statutes governing the reporting of federal income adjustments.