IRS Provides Updated Management Contract Safe Harbors
The Internal Revenue Service (IRS) has released Revenue Procedure 2017-13, which provides updated safe harbor provisions for management contracts. The revenue procedure modifies and supersedes Rev. Proc. 2016-44, 2016-36 IRB 316. Rev. Proc. 2017-13 will be published in IRB 2017-06 on February 6, 2017. IRS Revenue Procedure 2017-13 can be found here.