Entries tagged “state and local taxation”
Primer on the IRS Partnership Audit Rules and How to Approach Them for Your Partnership
insights November 2, 2017
In November of 2015 Congress replaced the rules governing audit procedures for partnerships (generally known as the TEFRA rules, for the Tax Equity and Fiscal Responsibility Act). These new rules are in the spotlight now because they are generally effective for partnership years beginning after 2017, and from a practical perspective, most partnerships need to…