Changes to Partnership Tax Audit Rules

Changes to Partnership Tax Audit Rules

Recently, changes to partnership tax audit rules were added to Sections 6221 through 6241 of the Internal Revenue Code (“IRC”). These changes will allow the IRS to more easily audit and collect taxes from partnerships and LLCs. These new partnership audit rules are effective for taxable years beginning on or after January 1, 2018.

Why You May Need a Business Attorney

Why You May Need a Business Attorney

There is legal adage that every first year law student has likely heard, if not recited numerous times: “the man who represents himself has a fool for a client.” While there are certainly instances of untrained intelligent people winning cases in the realm of business law, the saying might be truer than for business owners in Wisconsin.