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IRS Aims to Help Taxpayers Navigate New Partnership Audit Rules

Nov. 15, 2019, 7:59 PM

The IRS is working to establish a new website designed to walk taxpayers and practitioners through a new partnership audit regime, according to an agency official.

Holly Paz, director of the Passthrough Entities Practice Area at IRS, said the agency will launch in early 2020 a website dedicated to the Bipartisan Budget Act of 2015, which changed partnership audit rules. Congress intended that the new procedures would make it easier for the Internal Revenue Service to audit partnerships—entities that can consist of hundreds of partners and multiple tiers.

“The goal is sort of one-stop shopping to have all...

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