Understanding the New IRS Partnership Audit Rules

By Amber Busch

Although tax reform has been a topic of every business and personal conversation and fodder for endless stories in the media since the beginning of the year, there is something important that ASHA members need to know and it has nothing to do with tax reform. New rules were issued which completely change how partnerships will be audited by the IRS. These rules, known as the Consolidated Partnership Audit Regime (CPAR) are effective for partnership tax years beginning January 1, 2018. Continue reading.

Amber Busch, CPA MST, is a tax shareholder at Clark Nuber PS, specializing in seniors housing and real estate companies.

© 2018 The American Seniors Housing Association. Shared with permission from ASHA.