IRS Should Enhance Audit Efficiency Of Large Partnerships: GAO – ValueWalk Premium
Preference for partnership structure

IRS Should Enhance Audit Efficiency Of Large Partnerships: GAO

With more businesses organizing themselves as partnerships, IRS needs to enhance audit efficiency, suggests a new GAO report.

United States Government Accountability Office in its September 2014 report on “Large Partnerships” has recommended that the IRS take multiple actions to enhance audit efficiency.
Audit efficiency: Growth in large partnerships
According to the report, businesses have shown increasing preference to organizing as partnerships and other pass-through-entities instead as

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