Partnership Audit Rule Is 'All Or Nothing', 9th Circ. Says

By Khadijah M. Britton (November 14, 2014, 9:42 PM EST) -- In a published decision on Friday, the Ninth Circuit decided that a federal tax court erred by letting taxpayers opt out of a partnership administrative proceeding regarding some of their interests, saying the Tax Equity and Fiscal Responsibility Act was "all or nothing" and the taxpayers could not "have their cake and eat it too."...

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