Shift from Corporations to Partnerships Causes Challenges for IRS Audits

Thursday, July 27, 2023
Shift from Corporations to Partnerships Causes Challenges for IRS Audits

Shift from Corporations to Partnerships Causes Challenges for IRS Audits

Businesses are increasingly shifting their legal structures
from corporations-- that are subject to corporate income taxes--to
partnerships. This shift has made it more difficult for the IRS to
identify taxable income and catch potential tax cheats. We'll find out
more from GAO's Jay McTigue.
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Tax Enforcement: IRS Audit Processes Can Be Strengthened to Address a Growing Number of Large, Complex Partnerships
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