Congress recently enacted significant changes to partnerships’ income tax audits. These new protocols will dramatically change the Internal Revenue Service (“IRS”) partnership audit process and, quite possibly, both the amount of tax liability paid on audit adjustments and the partners who will bear the economic consequence of that tax liability.
Good Day Atlanta’s Emmy Award-winning feature reporter Paul Milliken broadcasted live from Bennett Thrasher’s hike along the Appalachian Trail on Tuesday, July 25. Milliken interviewed employees, including partner Michael Dukes and marketing specialist Allie Blessing, about how the hikes embody the firm’s active, outdoor spirit, promote team-building and have a charitable component, as well.
News stories exposing many large multinational enterprises (“MNEs”) like Apple, Starbucks, Google, etc. for utilizing tax avoidance schemes are motivating governments and tax authorities around the world to quickly ramp up enforcement of tax rules intended to mitigate the ability for MNEs to implement such schemes.