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Q:

WHAT IS A TAX MATTERS PARTNER?

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A tax matters partner (or member in the case of a limited liability company ) is that members designated by the limited liability company to be responsible for dealing with the taxing authorities and tax related issues. The Internal Revenue Code requires that a person be designated for this purpose and gives the tax matters member authority to make certain decisions on behalf of the company with respect to tax matters issues. more
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The Tax Matters Partner (Member) prepares and submits all tax returns and reports as required by the taxation legislation. more

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