Business help, accountants...etc.

[BJ Laster]

What is a TMP? (Tax Matter Partner)



BJ

 

[Ken Neeley]

In an LLC or Partnership, the designated TMP is the partner charged with and responsible for binding the company in various tax matters.



Simplified definition....

 

[BJ Laster]

Thanks thats what I needed to know!



BJ

 

[Staci Matheis]

ROFL!!

When you need an answer.....

Quick.....

Ken "Google" Neeley!!

 

[Ken Neeley]

Actually I knew that one because I was just discussing it with my CPA!!!

 

[Dan J.]

Ken calls it a simplified definition, but that is as accurately described as I have ever heard it. I ought to start calling on Mr. Neeley for business advice, unless he charges in qtr. hr. increments as well! LOL!!

 

[Ken Neeley]

Dan,

I'm learning as I go!!!

 

[Greg Meyer]

Then, in other words, the TMP is actually the group's lead "fiction writer".... LOL

 

[Dan Sullivan]

Darn, Ken beat me to it.



Ken, let's just say (hypothetically) that the TMP had a boat, what would you suggest he carry on board?



LOL

 

[Scott Hammer TOXIC]

Nah....he's the chef. Only 1 recipe though......How to Cook the Books!!



TOXIC