The Foreign Agents Registration Act (FARA) is over 80 years old, but it has never been more important than now. The U.S. Department of Justice, the U.S. Congress, and other law enforcement bodies have increased their scrutiny and enforcement of FARA compliance, which has given rise to concerns and questions for those who could be foreign agents, including individuals, lobbying firms, political consultancies, public relations firms, law firms, nonprofits, and corporations that work with foreign governments, state-owned enterprises, businesses, NGOs, and individuals. FARA registration, reporting, and compliance can be complex. This website is provided as an informational resource to the regulated community and to journalists wanting to understand FARA. For more information, please visit www.FARA.us.
In November, 2015, Congress repealed TEFRA and enacted an entirely new statutory regime covering examination, litigation, and payment of taxes for partnerships and entities taxed as partnerships. For those seeking information, this site will be a resource with articles, programs, and insights on how to address the new provisions of the Bipartisan Budget Act of 2015. In light of this impending legislation, partnerships and partners should now evaluate the current provisions of their partnership agreements and make fundamental changes to the tax procedure provisions. Doing so now will help to reduce and manage the partnership’s potential tax obligations and administrative costs and define the rights and responsibilities of partners, the partnership, and the partnership representative. For more information, please visit www.partnershiprepresentative.com.
