In a July 20 letter to Senate Finance Committee and House Ways and Means Committee leaders, the American Bar Association Section of Taxation expressed support for delaying the effective date of the centralized partnership audit regime by one year, noting that the delay would give Treasury, the IRS, and taxpayers time to prepare for the rules.

See July 20, 2017 letter by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.