Meeting the New IRS Rules with Carne’s Partnership Representative Solutions
The Internal Revenue Service (IRS) has introduced new partnership audit rules which require U.S. partnerships to appoint a Partnership Representative (PR) to manage the audit process with the IRS for each tax year. The new rules apply to any domestic or foreign partnerships, including any foreign entity treated as a partnership under IRS rules, that is required to file a partnership return (U.S. Form 1065) in the United States.
The US PR must be a US resident and Carne can assist in providing US resident PR services.
