Page 14 - The TEFRA Partnership Audit Rules Repeal:
P. 14
Why the Need
March 2015
• Treasury Inspector General for Tax Administration (TIGTA) Report—“Additional improvements are needed to measure the success and productivity of the partnership audit process”
− IRS does not know the extent of partnership tax compliance (Source: TIGTA, p. 5)
− There is uncertainty regarding whether TEFRA adjustments are accurately assessed and collected (Source: TIGTA, p. 5)
− The number of “no change” partnership audits is a concern (comparing TEFRA to non-TEFRA partnership exams) (Source: TIGTA, p. 7, Figure 3)
Coming changes to IRS Audits of partnerships 5
