IRS Memo Suggests Expanded Role For Appeals Within the Partnership Audit Procedures
April 12, 2019 | KPMG's Greg Armstrong discusses recent IRS guidance that indicates the IRS Office of Appeals will play a larger role in the new partnership audit procedures under the Bipartisan Budget Act of 2015. The author concludes that although further guidance is needed, the memorandum is an important first step.
Read more
TaxNewsFlash: Tax Technical Corrections Are Enacted, Include Partnership Provisions
March 23, 2018 | The president today signed legislation that includes tax technical correction provisions for certain partnership measures.
Read more
TaxNewsFlash: Proposed Regulations - Adjusting Tax Attributes under Centralized Partnership Audit Regime
February 1, 2018 | The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-118067-17) as rules addressing how partnerships and their partners adjust tax attributes to take into account partnership adjustments under the centralized partnership.
Read more
TaxNewsFlash: Centralized Partnership Audit Regime and Withholding, Reporting Rules
November 29, 2017 | The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice of proposed rulemaking (REG-119337-17) containing proposed regulations addressing how certain international tax rules operate under the U.S. centralized partnership audit regime.
Read more
Privately Speaking: The Impact of the New Partnership Audit Regime on Privately Held Companies
September 2017 | KPMG highlights the new proposed regulations and its significance to privately held companies.
Read more
KPMG TaxWatch: The New Centralized IRS Partnership Audit Regime: Moving Forward Now…
August 22, 2017 | In this webcast replay, senior-level professionals from KPMG's Washington National Tax group and Tax Dispute Resolution Network present a review of the new regime, including an overview of the new partnership audit rules; the recently proposed regulations, highlighting the important points; and what taxpayers should be doing now to be prepared.
Watch replay
TaxNewsFlash: Proposed Regulations - Centralized Partnership Audit Rules, Initial Impressions
June 13, 2017 | The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-136118-15) regarding implementation of the centralized partnership audit rules that, in general, concern the assessment and collection of tax at the partnership level.
Read more
