New Partnership Audit Rules

Posted by Lee Meyercord and Mary McNulty             Lee Meyercord recently gave a presentation at the 2017 State Bar of Texas Advanced Tax Law Course on the new partnership audit rules. The presentation discussed in detail the rules in the proposed regulations, which filled many of the gaps in the statutes passed by Congress. The regulations are available here and are summarized in a prior post available here. The presentation also discussed planning considerations as taxpayers prepare for the rules to apply to partnership tax years beginning after 2017. For a copy of the presentation, please click here. If you have any questions about the proposed regulations or partnership audits, please contact one of us or any of the other Tax lawyers at Thompson & Knight.