Texas State Bar Comments on Proposed Partnership Audit Regime Regulations

Texas State Bar Comments on Proposed Partnership Audit Regime Regulations

The Texas State Bar Tax Section released a letter it sent on August 1, 2017 to the Treasury Department and the Internal Revenue Service.  The letter comments on the Proposed Regulations regarding implementation of the new centralized partnership audit regime and recommends that the Proposed Regulations reflect many of the concerns addressed by tax practitioners to rectify uncertainties in the new statutory provisions.

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