Articles for April 2018

Are you in compliance with the new partnership audit rules?

Many real estate–related businesses are formed as partnerships, making them subject to the regulations for partnership audits under the Bipartisan Budget Act of 2015 (BBA). The proposed regulations — which significantly change the previous rules regarding partnership audits and liability for any resulting adjustments — take effect for taxable years beginning after December 31, 2017.

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Teal, Becker & Chiaramonte Certified Public Accountants