NTA2405. Is your partnership ready for a comprehensive audit?

The IRS is using increased funding it received under the Inflation Reduction Act of 2022 to increase enforcement, including increasing audits of partnerships.  Changes in the IRS' organization along with increased hiring of agents and improved training on partnership tax contribute to an increased likelihood of a partnership audit.  The centralized partnership audit regime enacted under the Bipartisan Budget Act of 2015 (BBA) is complex.  This panel will discuss the changes at the IRS and provide tips to prepare for and navigate a BBA partnership audit.


Learning Objectives:

  • Recognize the changes at the IRS that increase the likelihood of a partnership audit.
  • Identify the steps in the BBA partnership audit process.
Date/Time
–
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
0-2 years in the profession
Speakers
Image of Tom Greenaway

Tom Greenaway

J.D.
Principal, Tax
KPMG
Image of Rochelle Hodes

Rochelle Hodes

J.D., LL.M. (Taxation)
Principal
Crowe LLP