Tax Strategy
Tax strategy is about far more than reducing this year's tax bill.
These articles explore proactive planning, entity selection,
owner compensation, state tax considerations, and the decisions that help privately held businesses
operate more efficiently over the long term.
BBA Partnership Audits: What Every Partnership Needs to Know
The IRS has fundamentally changed how it audits partnerships - and every partnership, no matter how small, needs to pay attention. The Bipartisan Budget Act (BBA) created a centralized audit regime that shifts tax liability to the partnership itself, putting current partners at risk for past errors. This article explains the origin of the BBA, what it replaced, and the key actions every partnership should take to avoid costly surprises under the new audit rules.
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Tax decisions rarely exist in isolation.
