Federal rar rar#
Proposed Model RAR Statute - Interested Parties' Version of MTC Draft, December 20, 2017.Proposed Model RAR Statute - Interested Parties' Version of MTC draft (REDLINED).Proposed Model RAR Statute - Interested Parties' Version of MTC Draft, January 3, 2018.Partnership Work Group Staff Report, Jan.Proposed Model RAR Statute - Interested Parties Version 5.1 as of 1-3-18 (with MTC staff edits 1-23-18).Proposed Model RAR Statute - Interested Parties Version 5.1 as of 3-7-18 (with MTC staff edits 1-23-18).Partnership Work Group Staff Report - 4-3-18.Partnership Work Group Staff Report - 6-18-18.Partnership Pays - Nexus Issue proposals.Partnership Pays - Investment Income Option for review.Proposed Model RAR Statute - Interested Parties Version as of 4-27-18 (with MTC staff edits 4-4-18) - REDLINE version.Proposed Model RAR Statute - Interested Parties Version as of 4-27-18 (with MTC staff edits 4-4-18).Proposed Model RAR Statute - Interested Parties Version as of 6-25-18 (with MTC staff edits 6-25-18).
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Proposed Model RAR Statute - Interested Parties Version (with MTC staff edits 6-27-18).Proposed Model RAR Statute - Interested Parties Version Incorporating Changes Related to Partnership Pays Election And Including Other Edits and Comments Throughout as of 6/27/18.Letter from COST endorsing the proposed Model RAR statute Partnership Work Group Staff Report - Comment - July 9, 2018.AICPA one-pager: State Conformity to Federal Partnership Audit Rules.AICPA Position Paper on State Partnership Audits.TEI's Endorsement of the Model Uniform Statute and Regulation for Reporting Adjustments to Federal Taxable Income and Federal Partnership Items as of July 18, 2018.Letter from Master Limited Partnership Association endorsing the proposed Model RAR Statute.Letter from ABA supporting approval of the Model Uniform Reporting Statute.Minnesota Comments on Model Uniform Reporting Statute.
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Proposed Model RAR Statute incorporating changes discussed at Uniformity Committee meeting 7/2018.The bottom part contains the 2019 model and meeting archives.Īgendas, working documents, and other project-related information from previous meetings :
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The top part lists information on current meetings and information for the work group. Since that time, the IRS has issued regulations and forms and the interaction of the model with the IRS audit process is continuing to be monitored by the work group, which may result in recommended changes to the model. In 2019, the Commission adopted the model RAR/Partnership Statute (link below) drafted by the work group. The MTC work group consulted closely with the AICPA, the ABA, the Council On State Taxation, and the Tax Executives Institute, along with others, to create a model statute. Provisions in the BBA allow the IRS to conduct partnership-level audits and to assess the partnership, if necessary, as part of a centralized partnership audit regime. The MTC Uniformity Committee formed a work group to study the new federal audit process and make recommendations to states about statutes or rules for assessing the state taxes that will result from federal partnership audit adjustments. In 2015, Congress passed the Bipartisan Budget Act.