The document discusses the implications of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the Access Fund. It outlines the potential tax liabilities for current and former partners under the new rules and the possibility of adverse tax consequences. The document advises prospective Limited Partners to consult tax advisors due to the complex tax considerations involved.
doj/DataSet10/EFTA01391711.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Ironsides Asset Mgmt","Access Fund"],"reference_numbers":["DB-SDNY-0096724","SDNY_GM_00242908","EFTA01391711"]}