Partnership Representative

Technical corrections to the new regime for auditing partnerships aren't likely to happen this year, as Congress is looking to wrap up 2016 quickly with a short-term spending bill and little else...

A law intended to make it simpler for the Internal Revenue Service to audit partnerships may turn out to be problematic for the agency to administer, the IRS chief said. Commissioner John Koskinen said it’s possible that taxpayers and the agency might be worse off under the new system because “nobody quite asked, ‘Hey, would this really work?’?? before the legislation was passed...