New Audit Rule Limits Tax Discharges By Partnerships

By Vidya Kauri (August 5, 2016, 8:52 PM EDT) -- A new rule forcing partnerships to declare they won't voluntarily file for bankruptcy as a prerequisite for electing a revamped tax audit regime is being billed by experts as an unexpected move by the Internal Revenue Service to prevent the new regime from being abused to avoid tax liabilities....

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