In the News | Bloomberg Tax
IRS Funding Freeze Puts Future of Partnership Audits in Limbo
Feb. 20, 2025 · Authored by Colin J. Walsh
The IRS's centralized partnership audit regime (CPAR) is experiencing significant delays due to a funding freeze and potential budget clawbacks. With a new IRS commissioner on the horizon and $20 billion already rescinded, the future of CPAR remains uncertain. In an article for Bloomberg Tax, Baker Tilly’s Colin Walsh highlights how this could create prolonged administrative burdens for partnerships, especially those with complex tiered structures.
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