Sectors potentially impacted by the new regime:
Privately Speaking: The Impact of the New Partnership Audit Regime on Privately Held Companies
Read KPMG's recent issue of our bi-monthly Privately Speaking newsletter, where we highlight the new proposed regulations and its significance to privately held companies.
Webcast Replay: The New Centralized IRS Partnership Audit Regime: Moving Forward Now…
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, including highlights of the important points
- What taxpayers should be doing now to be prepared
(Original airdate: August 22, 2017)
The New Partnership Audit Rules: An Executive Summary
Congress enacted the Bipartisan Budget Act of 2015 (the “Act”), which included major changes in the way the IRS will audit entities that are classified as partnerships for federal income tax purposes. As discussed in this What’s News in Tax article, taxpayers need to understand and consider the new rules today.