The designated person in a partnership who receives tax notifications from the Internal Revenue Service, has the authority to enter into tax agreements on the behalf of the partnership and is responsible for keeping all partners informed of any applicable tax issues. This person is either a designated general partner or the general partner with the largest ownership share.

Related information about tax matters partner:

1. Do You Really Want to Be the Tax Matters Partner? | KPMG | US
   Sep 26, 2011 ... This article focuses on the rights, responsibilities, and duties of the Tax Matters Partner (TMP).
    
2. PLC - Tax Matters Partner
   The tax matters partner of a partnership (or LLC that is classified as a partnership for US federal income tax purposes) represents the partnership (or LLC) before ...
    
3. Instructions for Form 1065 (2011)
   ... Item K. Partner's Share of Liabilities; Attached statements, Attached statements. Audits: Tax Matters Partner, Designation of Tax Matters Partner (TMP) ...
    
4. FAQ for Limited Liability Company - LLC
   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 ...
    
5. Treasury Decision 8698 - Selection of Tax Matters Partner for ...
   Section 6231.—Definitions and. Special Rules. 26 CFR 301.6231(a)(7)–1: Designation or selec- tion of tax matters partner. T.D. 8698. DEPARTMENT OF THE ...
    
6. Tax Matters Partner For Limited Liability Companies Plain Language ...
   October 30, 1995. In 1982 Congress passed a law providing that the tax treatment of partnership items would be determined at the partnership level rather than ...
    
7. US CODE: Title 26a,Rule 240. General
   (4) The term “tax matters partner” means the person who is the tax matters partner under Code section 6231 (a)(7) and who under these Rules is responsible for ...
    
8. Beware of the Two-Hatted Tax Matters Partner - Chamberlain ...
   658-5441 or by e-mail at hale.sheppard@chamberlainlaw.com. Beware of the Two-Hatted. Tax Matters Partner: Analyzing How Dual Roles. Can Impact TEFRA ...