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On June 14, 2017, the IRS re-released proposed regulations on its new centralized partnership regime, which will have widespread impact on partnerships and LLCs when they come into effect at the beginning of next year. In a recent Q&A with GlobeSt, CGS3 partner and tax chair Phil Jelsma discussed the how and why of the new regulations, as well as key points for those wishing to opt out.

Read the full article on GlobeSt.com here.