The Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) procedures were intended to make it easier for the IRS to audit partnership tax returns. TEFRA failed to deliver. The rules are nuanced and hard to apply. The new partnership audit procedures are intended to remedy this. With the new partnership IRS audit procedures coming…
Category: Partnership Tax
Partnership Tax
Experienced counsel for tax issues related to partnership agreements and structuring, including partnership taxation, distribution and allocation, and more. Give us a call to see how we can help, (713) 909-4906.