CONTRIBUTED BY
Asher Bearman
asher.bearman@dlapiper.com

The IRS recently issued new guidance for funds that deliver Schedule K-1s electronically to their investors.  Under the new rules, fund managers must request the consent, in a particular form, of each investor that will receive Schedule K-1s electronically or the Schedule K-1s must be provided in hardcopy/paper format.  Your legal representative should be able to provide you with a form consent that complies with these new IRS requirements, which are summarized below thanks in large part to Howard Rosenblum and Joseph (Tony) Hugg in DLA Piper’s Boston office.Continue Reading Issuing K-1s Electronically? New IRS Rules Apply.