KPMG report: IRS partnership enforcement ramps up

KPMG report: IRS partnership enforcement ramps up

There are indications that in 2021, the IRS could enhance the audits of partnerships.

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Historically, the IRS showed mixed success with its partnership audit program. Both the Government Accountability Office and the Treasury Inspector General for Tax Administration have challenged the IRS to do a better job auditing partnerships, especially large partnerships. For years, the IRS has committed to do just that, and in 2021, the IRS may finally deliver on its commitment.

Read a November 2020 report* [PDF 188 KB] prepared KPMG LLP tax professionals


*This article originally appeared in a BNA Bloomberg publication and is reproduced with permission.

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