Every year around tax time, it seems as if scammers are finding new and creative ways of separating consumers from their hard-earned monies. We get a few steps ahead, and they come up with something new. Ultimately though, the most important thing to do is…
Tag: IRS
Opting Out Of The New Partnership Audit Regime
The Bipartisan Budget Act of 2015 (BBA) changed how partnerships are audited. Proposed IRS rules for partnership audits under the law apply to taxable years beginning after December 31, 2017, but some partnerships can choose to opt out. If your business is organized as a…