The representative designated under par. (a) shall have the power and duty to do all of the following: 1.
(1)#
Act as the sole authority on behalf of the pass-through entity and its pass-through members with respect to a determination under s. 71.745.
(2)#
Provide the department sufficient information to identify each pass-through member and the capital, profits, and loss interest of each pass-through member.
(3)#
Enter into extension agreements on behalf of the pass-through entity under s. 71.77 (5).
(4)#
Receive notices of pass-through entity adjustments under this chapter.
(5)#
Notify all pass-through members of their share of corrections and adjustments made to pass-through items within 60 days after a determination under s. 71.745 becomes final or after receipt of notice of approval under s. 71.76 (2) (b).
(6)#
File appeals of notices of pass-through entity adjustments under this chapter.
(7)#
Enter into settlement agreements and bind pass-through members to adjustments relating to pass-through items.