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New Partnership Tax Audit Rules To Go Into Effect on January 1, 2018
Beginning on January 1, 2018, the tax audits of a partnership or multiple-member LLC are subject to new rules (the “new partnership tax audit rules”). The new partnership tax audit rules streamline the audit and collection process when the tax return of a partnership or multiple-member LLC is reviewed by the IRS (and some states).
The implementation of the new partnership tax audit rules will require changes to most partnership agreements and LLC operating agreements currently in effect – taking no action in response to the new rules is not a valid option.
FIRM NEWS6 Jan 2023
2023 Law Changes Employers Need to Know: Retirement Plan Updates, Rights for Working Mothers, and More
FIRM NEWS27 Oct 2022
Nelson Toner, Steve Gerlach & Andrew Wells Featured Speakers during Maine Tax Forum
FIRM NEWS4 Aug 2022
Maine Sales Tax Refund Coming for Battery Energy Storage Systems