Passthroughs Tax

Helping passthroughs with tax-efficient planning

Deborah Fields

Deborah Fields

Partner in Charge, Passthroughs, Washington National Tax, KPMG US

+1 202-533-4580

Tax management for unique passthrough structures

Are you equipped to manage the unique tax challenges as you make transactional, structuring, and compliance decisions as a passthrough?

KPMG LLP's Passthroughs practice can help. We have the people, technology, and industry experience to support the needs of partnership and passthrough entities.

People that make a difference

Working with our Washington National Tax team, we have extensive experience helping numerous partnership structures realize certain tax efficiencies and maintain compliance by adding clarity to:

  • Modeling
  • Transactions
  • Entity formation structuring
  • Tax planning
  • Legislative and regulatory developments.

Technology that increases efficiency

KPMG Asset Management Platform helps passthrough entities manage passthrough taxes while increasing efficiency and transparency. This proprietary technology helps streamline passthrough tax planning, compliance and reporting by helping your company:

  • Automate tax management processes
  • Organize, analyze, and maintain large volumes of data
  • Ultimately avoid errors and backlogs.

Learn more about KPMG Asset Management Platform

Industry focus that digs deeper

Drawing on our distinct breadth and depth of industry-specific tax and regulatory knowledge, and our experience in international, federal, state, local and cross-border tax trends, we can address industry-specific issues and specialty areas that include:

  • Private equity 
  • Hedge funds
  • Energy and credits
  • Real estate and REITs.

Insights from KPMG

IRS Partnership Enforcement Ramps Up

November 30, 2020

Historically, the IRS showed mixed success with its partnership audit program. Both the Congressional Government Accountability Office and the Treasury Inspector General for Tax Administration have challenged the IRS to do a better job auditing partnerships, especially large partnerships. For years, the IRS has committed to do just that. 2021 is the year that the IRS may finally deliver on its commitment.

The 199A Deduction

April 8, 2019 | In this Q&A, which appeared in Federal Tax Daily, KPMG's Tom West provides a background of the 199A deduction and what taxpayers might need to know about it.

Passthroughs Guidance Update

Summary of Treasury's 2019-2020 Priority Guidance Plan

Summary of Treasury's 2019-2020 Priority Guidance Plan

Partnership Audit Regime

Centralized IRS audit regime affects taxpayers that conduct business as partnerships

Centralized IRS audit regime affects taxpayers that conduct business as partnerships