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Tax Pros See 'Panic' As New Partnership Audit Regs Loom

Law360, New York (December 4, 2017, 6:44 PM EST) -- More time is needed to prepare for changes in federal partnership audit regulations that are set to take effect in four weeks, a conference of the nation’s leading tax professionals was told Monday.

Speaking before several hundred people attending New York University’s 36th Institute on State and Local Taxation in New York, some of the industry’s leading experts said that without a delay, panic might be the route many practitioners take.

“Panic in relationship to the audit regime because there are still so many unanswered questions at...
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