MFA Letter to Department of the Treasury and IRS on Temporary Regulation TD 9407

MFA submitted a comment letter to the Department of the Treasury and Internal Revenue Service regarding Temporary Regulation TD 9407, which, among other things, changes the automatic extension filing deadline for partnership tax returns from October 15th to September 15th. In MFA’s letter, MFA requests that the deadline revert back to October 15th because the new deadline will make accurate reporting exceedingly difficult for alternative investment partnerships due to the shorten timeframe in which they have to complete their tax-reporting process.