Daily Tax Report Quotes Charles Ruchelman on IRS Aiming to Audit C Corporations, Large Partnerships at Similar Rates

Bloomberg BNA's Daily Tax Report quoted Charles M. Ruchelman on the Tax Equity and Fiscal Responsibility Act (TEFRA) and how it effects partnership taxation. For the complete article, please click on the link above to view a PDF.

Excerpt taken from the article.

"The world of partnership taxation has become more complicated," Charles Ruchelman, a member in Caplin & Drysdale's Washington office, told Bloomberg BNA. "Partnership examinations and reporting requirements, governed by TEFRA, seem to be mired in uncertainty since many of the ground rules remain undefined and full of traps for the non-specialists."