Tax Audit Risk Shifted from Partners to Partnership

King, Krebs & Jurgens:  “A legislative change to partnership tax audit procedures enacted under the Obama administration is set to go into effect as of January 1, 2018. All tax partnerships need to be prepared to make certain amendments to their governance agreements, preferably prior to December 31, 2017.  All partnership agreements and operating agreements of LLCs taxed as partnerships will need amendment.”

By | 2017-12-05T19:33:48+00:00 November 27th, 2017|New Tax Audit Rules|

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