CCA 201207005
Tax Matters Partner
ID: CCA_2012012510512237 Number: 201207005
Release Date: 2/17/2012
Office: ---
UILC: 6231.07-00
From: ---
Sent: Wednesday, January 25, 2012 10:51:38 AM
To: ---
Cc: ---
Subject: RE: TMP
Ask the partnership to designate a new TMP on the IRS form designated for this purpose.
In the absence of a new designation the TMP is automatically the largest profits interest general partner that remains. I.R.C. 6231(a)(7)(B); Treas. Reg. 301.6231(a)(7)-1(L)(1)(i) and -1(m) If there are no remaining general partners, the Service may designate a limited partner as TMP under the procedures set forth in Treas. Reg. 301.6231(a)(7)-1(p).
Source: view the official PDF
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