Posted by Christopher Nuss | William Brown | Cynthia Lande | in Legal News on Thursday, December 17, 2015
In October, Congress enacted the Bipartisan Budget Act of 2015 (the Act), which contained changes to the IRS partnership audit techniques. These changes were in response to a growing concern that the IRS was unable to effectively and efficiently audit partnerships due to various cumbersome rules and procedures, especially as they relate to multi-tiered partnerships.
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