Gardere partner James Howard, chair of the firm’s tax practice group, spoke with Law360 on the major regulations in tax law for 2017.
After speaking with Howard, the publication reports, “Technically, time may be on the IRS’ side since audits wouldn’t actually begin until 2019, a full tax year after the new regime is implemented, and the rules would only kick in once an audit takes place, an adjustment results from the audit, and there is a change in the partnership’s ownership from the reviewed year to the adjustment year.”
“It would be nice to know what the rules are so that as we’re forming new partnerships, we can address the rules that are going to apply in 2019,” Howard added.
Howard represents domestic and international clients in sophisticated matters involving corporate tax law, finance and securities, primarily in the energy and real estate sectors. He has extensive experience assisting clients with the tax and corporate issues related to structuring and planning for international investments and financings, and counsels companies with global operations seeking efficient ways to repatriate profits generated overseas while navigating international tax laws.
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