Sports industry partnerships are now on notice that the Internal Revenue Service (IRS) is initiating specialized, issue-based BBA partnership examinations focusing on their income and deductions....more
The US Congress has passed a spending bill that includes $285 billion to extend and expand the Paycheck Protection Program, providing new first-time loans and adding second-draw loans to help support small businesses. ...more
As part of its ongoing efforts to provide guidance on the federal income tax consequences of various Coronavirus Aid, Relief, and Economic Security (CARES) Act provisions, the IRS issued Notice 2020-32 addressing the...more
All partnerships will be audited at the entity level unless they have 100 or fewer partners AND no partnerships as direct partners.
The two-year budget plan passed by Congress on October 30, 2015, and expected to be...more
11/3/2015
/ Audits ,
Barack Obama ,
Federal Budget ,
Federal Taxes ,
Indemnification ,
IRS ,
New Legislation ,
Participation Agreements ,
Partnership Agreements ,
Partnerships ,
Repeal ,
Tax Deductions ,
Tax Liability ,
TEFRA ,
U.S. Treasury