Faris Fink, commissioner of the Internal Revenue Service’s Small Business/Self-Employed Division, reportedly told attendees at a recent AICPA conference that the Service intends to increase its auditing efforts among small business partnerships and other flow-through entities. Fink added that the strategy would include training agents to look more closely at flow-through entities.
Fink’s comments didn’t make any mention of increased audits of the partners and/or shareholders flow-through entities, but by extension, that has to be the intent!
