Updated New York partnership, LLC, LLP filing fees

It is hard to believe that another tax filing season is upon us. To make matters worse, various Federal filing dates have changed depending on type of entity. States have been adjusting as well. One that is easy to miss is the New York Form IT-204-LL, which is the Partnership, Limited Liability Company (LLC) and …

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IRS Changes Partnership Audit Rules

Buried somewhere in the Bipartisan Budget Act of 2015 are provisions which completely change the way the IRS will audit partnership tax returns. To start, let’s look at some of the partnership audit rule changes: Old rules: All partners were notified of the audit and were individually assessed for any changes. New rules: The audits …

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