Page 173 - The TEFRA Partnership Audit Rules Repeal:

ALI CLE Live Video Webcast / “The TEFRA Partnership Audit Rules Repeal: Partnership and Partner Impacts” June 7, 2016, Jerald David August and Terence Floyd Cuff
 The right to determine the allocation of audit expenses and the imputed underpayment among partners.
 The right to incur reasonable reimbursable expenses.
d. Reimbursable Expenses and Compensation.
The partnership agreement might consider what expenses of the partnership representative are reimbursable and how. Reimbursable expenses might include these expenses in connection with the partnership audit or legal proceedings growing out of the partnership audit:
 Travel.
 Hotel.
 Airfare.
 Baggage and shipping.
 Car.
 Parking.
 Fares for taxis.
 Meals and lodging.
 Tips.
 Other travel expenses.
 Postage, shipping, and express mail.
 Telephone and other communications expense.
 Computer.
 Computer research.
 Business telephone calls.
 Stenographer’s fees.
 Computer rental fees.
 Other ordinary and necessary expenses related to the audit.
 Job education.
 Credit card fees.
 Incidental expenses related to the audit.
© Terence Floyd Cuff and Jerald David August, 2016
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