The IRS requires partnerships to designate a Partnership Representative, which replaces the Tax Matters Partner, to communicate on behalf of the partnership or Fund in the case of an audit.
Ready for the New Partnership Audit Rules?
Why allow the IRS to select a Partnership Representative for you, when you can choose the trusted and experienced team at Akram.
Partnership Representative Services Offered
Akram Partnership Representative is assigned by, and works on behalf of, the partnership in all interactions with the IRS.
We provide the following Partnership Representative services:
- A tenured representative, typically one of our expert accountants, who will ensure adherence to the new IRC Section 6223 rules.
- Tracking of all communications from the IRS, as well as immediate notifications to partners and members of any and all engagement with the IRS.
- Acquisition of consent from firm members on all responses relayed to the IRS.
Our Trusted Team Ensures Your Peace of Mind
We will guide you throughout the process, so you can feel confident in your compliance with these new regulations and any future changes in regulations. As always, Akram promises to deliver:
- Individualized, above-and-beyond responsiveness to each client
- Innovative solutions that are always in line with the latest regulatory shifts and rule changes
- Outstanding delivery of services at prices larger firms simply cannot provide
Contact Us for Partnership Representative Solutions
Call us toll-free, or use the form on this page to schedule a free consultation. Akram team is ready to assist you with all of your Fund needs.
Best Accounting Firm | Start-up & Emerging Funds
Akram is a winner in the Hedgeweek Americas Awards for consecutive 3 years 2021, 2022, and 2023
"We have been voted “Best Accounting Firm for Start-up & Emerging Funds”.
Contact Us for Investment Fund Accounting Solutions
We understand that clients in the Alternative Investments arena are extremely prudent. At Akram, we provide high-end, tailored fund accounting services with careful planning and an unmatched responsiveness that only a boutique accounting firm like ours can deliver. Contact us today to learn more about our specialized assurance, advisory, and tax services for hedge funds, commodity trading advisors, private equity and venture capital funds, digital asset funds, insurance dedicated funds, real estate funds, day traders, investors, family offices, and high net worth individuals.