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IRS to Launch New Partnership Audit Initiative, Official Says

June 24, 2021, 10:18 PM

The IRS will launch a new audit initiative focused on large partnership compliance that will operate similarly to the agency’s large corporate compliance program, an official said Thursday.

The agency is working to determine a number of criteria to define what qualifies as a large partnership, and then “identify that large population and engage in some data analysis to select taxpayers within that population that present the highest risk on noncompliance,” Holly Paz, deputy commissioner of the IRS Large Business and International Division, said at the NYU tax controversy forum.

  • The IRS will begin to open those examinations ...