On January 1, 2018, new regulations that streamline IRS audit procedures will be
effective for every LLC taxed as a partnership. In an abrupt change from current law, the
new rules allow the IRS to assess tax against the LLC itself (not just pass-through tax
assessment to the members). This has significant implications for owners of LLCs and
those who have recently acquired or plan to acquire LLC interests from someone else.
Operating agreements that do not take these new rules into account will not provide
adequate protections to the owners of the LLC. The objective of the presentation is
to introduce the new rules and work through examples of how LLC owners will be
impacted by the changes.
MARK L. ASTLING, SHAREHOLDER
DURHAM JONES & PINEGAR
Mr. Astling advises a variety of corporate and pass-through entities
and individuals on federal and state tax issues, including business
formations, equity compensation, mergers and acquisitions, debt
and equity offerings, tax accounting, tax exempt organizations, and
other tax planning matters. He also represents taxpayers in IRS and state audits and
administrative appeals, as well as deficiency litigation in the U.S. Tax Court.
AARON POND, CPA – MANAGING DIRECTOR OF TAX
CBIZ & MHM
Aaron has more than 16-years of public accounting experience,
specializing in individual, pass-through, and corporate taxation
including multi-state and consolidated entities. He works with
several high net-worth family groups, providing compliance and
implementing tax-minimizing strategies.
His strengths and areas of expertise include Corporate, Partnership, Limited Liability
Companies, Trust, Estate and Individual taxation, consulting, and litigation support
engagements. He is responsible for many of the larger companies in the office and has
significant expertise in accounting for income taxes for public and large privately held
Nov. 1, 2017
Noon – 1:30 PM
Durham Jones & Pinegar
111 S. Main Street, Suite 2400
Salt Lake City, UT 84111