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