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Taxation

Tax Alert: New Partnership Audit Regime – Effective January 1, 2018

On June 13, 2017, the Treasury Department republished Proposed Treasury Regulations regarding the new partnership audit regime enacted as part of the Bipartisan Budget Act of 2015.  Generally, the new partnership audit rules will be effective January 1, 2018. As a result of the new partnership audit regime: (1) individuals and/or entities that were formerly […]