Taxing times blog header

Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, International, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...

Tax Regulations Subject to New 2-1 Rule

By Amanda Wilson on Jan 31, 2017 in audit, International, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury

By:  Amanda Wilson Yesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  This order applies to tax regulations (including...

Five Things You Need to Know Now About the New Partnership Audit Rules

By Amanda Wilson on Mar 1, 2016 in audit, budget, Congress, government, International, IRS, Tax

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.

Electing into New Partnership Audit Rules

By Amanda Wilson on Feb 2, 2016 in audit, government, International, IRS, lowndes, Partnership Tax, treasury

By:  Amanda Wilson As previously discussed (here), TEFRA, the audit regime that has long applied to partnerships, has been repealed and a new partnership audit regime is poised to go into effect for tax years beginning in 2018.  The new audit rules...