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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.

New Partnership Audit Regs Final Before Year End?

By Amanda Wilson on Feb 23, 2016 in government, International, IRS, Partnership Tax, path act, Tax

By:  Amanda Wilson At a tax conference yesterday, a Treasury official indicated that Treasury is working hard to finalize regulations before the 60-day freeze that occurs before the inauguration of a new president (Treasury will not issue final...

Business Tax Overhaul Obstacles

By Amanda Wilson on Feb 9, 2016 in Business Owners, Congress, government, medical marijuana, Obama care, S Corporation, Tax

There was an interesting article in yesterday's Wall Street Journal about the difficulties facing an overhaul of the tax system.  The article can be 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 Amanda Wilson As previously discussed (here), TEFRA, the audit regime that has long applied to partnerships, has been repealed and a new partnership audit regime is poised to go into effect for tax years beginning in 2018.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...