Goodbye TEFRA, Hello New Partnership Audit Rules
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 … Continue reading Goodbye TEFRA, Hello New Partnership Audit Rules
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