CCA 201121018
Tax Matters Partner
ID: CCA_2011042715054937 Number: 201121018
Release Date: 5/27/2011
Office: ---
UILC: 6231.07-00
From: ---
Sent: Wednesday, April 27, 2011 3:06:00 PM
To: ---
Cc: ---
Subject: RE: TEFRA - TMP Question
Partnership Y is the TMP because in the absence of a valid TMP designation, the general partner with the largest profits interest automatically becomes TMP by operation of law. I.R.C. 6231(a)(7)(B). The managing partner of Y cannot be the TMP of partnership X because he is not a general partner of X. But he can sign documents on behalf of Y, the actual TMP.
Source: view the official PDF
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