In the News | Accounting Today
The long, tortured debut of the partnership audit regime
Feb. 11, 2025 · Authored by Colin J. Walsh
The IRS’s Centralized Partnership Audit Regime (CPAR), introduced under the Bipartisan Budget Act, was designed to streamline partnership audits but a decade later, it continues to present significant challenges. In Accounting Today, Baker Tilly’s Colin Walsh explores CPAR’s impact on partnerships, corporations and high-net-worth individuals, as well as the administrative burdens it has created for taxpayers and practitioners.
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