The IRS plans to open 3,600 audits into partnerships in fiscal year 2025—a lower goal than the previous year’s—as it ramps up training of new hires.
The agency opened 2,285 partnership exams in fiscal year 2024, which fell short of its goal of 4,074, according to its 2024 financial report.
The missed target is in part because experienced auditors had to take time to train new hires, said Hans Famularo, special counsel in the IRS Office of Chief Counsel. He was speaking during a Friday panel at the American Bar Association’s 2024 Criminal Tax Fraud and Tax Controversy ...
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