Rubber Hitting The Road On New Partnership Audit Regime

Rubber Hitting The Road On New Partnership Audit Regime

Partnership returns have a new election to consider this year.  Question 25 on Page 3 of Form 1065.

Is the partnership electing out of the centralized partnership audit regime under section 6221(b)?

You have had four years to be thinking about it, but the word is slow getting to some people.  I’ve confirmed that with a phone call, so I consider this post timely.  A lot of 2018 partnership…

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