Watch Out! New Partnership Audit Rules Impact More Areas Than You May ThinkOn February 29, 2016 by Schnader
Audits of partnerships aren’t a flashy topic, but new audit rules will have everyone scrambling to figure out their implications. To make things worse, these rules need to be addressed now in partnership and operating agreements, among other places. Since LLCs are treated as partnerships for federal income tax purposes, the new rules apply equally to LLCs.
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