Are you confident that your Partnership or LLC is ready for a possible audit?

On September 1, 2020, the Internal Revenue Service (IRS) added a new section called the BBA Centralized Partnership Audit Regime to its website, IRS.GOV. The step was taken as part of its objective to increase partnership audits in 2021. Prior to January 1, 2018, when the IRS audited a partnership, tax, interest, or penalties owed […]

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