Shift from Corporations to Partnerships Causes Challenges for IRS Audits
Thursday, July 27, 2023
![Shift from Corporations to Partnerships Causes Challenges for IRS Audits](/assets/styles/square_s/public/830/827708.jpg.webp?itok=LXOOZkdR)
Shift from Corporations to Partnerships Causes Challenges for IRS Audits
Businesses are increasingly shifting their legal structures
from corporations-- that are subject to corporate income taxes--to
partnerships. This shift has made it more difficult for the IRS to
identify taxable income and catch potential tax cheats. We'll find out
more from GAO's Jay McTigue.
from corporations-- that are subject to corporate income taxes--to
partnerships. This shift has made it more difficult for the IRS to
identify taxable income and catch potential tax cheats. We'll find out
more from GAO's Jay McTigue.