30.04.2018 Other Voices: New partnership audit rules spell changes for private funds
By: Marc Finer, Murtha Cullina, LLP

New partnership audit rules became effective for tax years beginning on or after January 1, 2018. These rules, which are designed to make it easier for the IRS to audit partnerships and collect additional tax liabilities relating to partnership operations, apply to all partnerships and limited liability companies taxed as partnerships (hereinafter, "partners

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