By: Amanda Wilson
For a discussion of the five things you need to know now about the new partnership audit rules, please read my recent article found here.
By: Amanda Wilson
For a discussion of the five things you need to know now about the new partnership audit rules, please read my recent article found here.
By: Amanda Wilson
A more detailed discussion of the impact of the new partnership audit rules can be found here.
By: Amanda Wilson
Last week, President Obama signed into law the Bipartisan Budget Act of 2015. As I mentioned in a prior post (found here), the budget bill contained a proposal to revamp how partnerships are audited. Specifically, TEFRA (the 1982 Tax Equity and Fiscal Responsibility Act) is out. The new partnership audit rules go into effect for partnership returns filed for partnership taxable years beginning after December 31, 2017.
By: Amanda Wilson
The budget bill introduced yesterday includes a proposal to revamp/streamline how partnerships are audited. Specifically, it would repeal the much maligned TEFRA (1982 Tax Equity and Fiscal Responsibility Act) rules.