Understanding the New Centralized Partnership Audit Regime

Presented on:
November 2, 2018 8:00 AM PT
1 hour

The new Centralized Partnership Audit Regime (CAR) revises how the IRS audits partnerships and collects tax. CAR is effective for taxable years beginning after December 31, 2017, so companies can benefit from planning for the changes now.

Learn the implications of the new rules—and how to navigate them—in our upcoming webcast. We’ll discuss critical details as well as options for your business, including:

  • Amending partnership agreements
  • Electing out of CAR
  • Appointing partnership representatives


Greg Thomas, Director, Moss Adams

Greg has practiced public accounting since 1996. He specializes in partnership taxation and has experience in a wide range of industries including real estate, energy, mining, telecommunications, broadband, and media. Greg has assisted clients in structuring tax efficient formations, operations, and exit strategies. Prior to joining Moss Adams, Greg worked in the national real estate practice of a Big Four firm. In this role he managed the federal tax aspects of a syndicated partnership portfolio with over 120,000 foreign, domestic, and tax-exempt investors, and provided tax planning and analysis for large telecommunications and broadband mergers.

Jim Dubeck, Director, Moss Adams

Jim has been practicing public and private industry tax accounting, focusing on partnerships since 1990. He has assisted numerous clients in private equity, real estate, manufacturing, technology, finance including hedge funds and alternative energy industries with analyzing, planning, modeling and documenting partnership transactions, Jim’s primary focus is on acquisition and dispositions of partnership interests, debt financed distributions, disguised sales, carried interest issuances, cancellation of indebtedness transactions and maximization of basis recovery deductions. Jim has also restructured C corporation and S corporation debt and submitted ruling requests with the Internal Revenue Service on corporate divisions. His responsibilities also include tax planning, tax compliance and assisting in the preparation of financial statement audits and reviews. He is involved in training staff members in various partnership and S corporation taxation topics.

Dawn Rhea, Director, Moss Adams

Dawn has advised clients on complex tax issues since 2006. She focuses on tax controversy and mergers and acquisitions. Dawn represents clients at all stages before the IRS, including examination, appeals, collections and private letter rulings. She also advises companies on the federal tax consequences of transactions, including tax structuring, issuing tax opinions on significant corporate tax matters, basis and E&P studies and modeling and identifying capitalization and deduction opportunities for transaction costs.

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