United States

Why every private equity and real estate partnership needs to be rewritten


Download Article

Reforms of U.S. partnership audit laws will transform the audit landscape for private equity and real estate limited partners and general partners—and require that every partnership agreement be rewritten. Don Susswein, principal in RSM’s Washington National Tax office, talks about the practical implications of the easing of partnership audit rules, why the Internal Revenue Service has been dared to step up its audit game, and how current investors could be making tax liability decisions for former investors.

Related Resources


The significance of the new partnership audit rules for private equity

Newly enacted tax rules will change the way partnerships are audited by the IRS.

  • Don Susswein
  • |
  • February 18, 2016


Understanding the new partnership audit rules

Explore newly enacted statutory rules governing partnership audits and understand how the legislation balances the interests of taxpayers and the IRS.

  • Don Susswein
  • |
  • December 18, 2015


Fixing the partnership audit process

Reforming the partnership audit process: a practical solution

  • Don Susswein
  • |
  • November 04, 2015


New audit rules apply to all entities treated as partnerships

A recent budget compromise includes fundamental changes to the way the IRS will audit partnerships and LLCs.

  • Nick Passini, Don Susswein
  • |
  • October 28, 2015


Private Equity Subscriptions

Subscribe to Quarterly Industry Spotlights

(* = Required fields)

Contact our professionals

Contact us by phone 800.274.3978 or
submit your questions, comments or proposal requests.