Julia Turk and Other Tax Pros Analyze Changes to Partnership Audit Regulations

Julia Turk, principal in the firm’s Corporate & Finance practice, was quoted in an article for Law360 that analyzes the recent regulations proposed by the IRS on adjusting tax attributes under the new centralized partnership audit regime. She notes that the regulations likely do not affect flexibility in partnership planning, but they do explain how to treat certain items for basis and capital account purposes. Login credentials may be required to read the full article.