The head of the IRSs small business unit said his division expects to move from focusing on audits of small corporations to partnerships.
a speech at the American Institute of CPAs National Tax Conference in Washington, D.C., last week, Faris Fink, the commissioner in charge of the IRSs Small Business/Self-Employed Division reportedly told attendees that his unit would make a top priority of auditing the tax returns of partnerships and other pass-through entities. The Service has for a long time focused its energy on corporations, he said, according to Bloombergs Lydia Beyoud. Frankly, were a little bit behind the curve in getting around to developing a partnership strategy.
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