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Wyden Statement on GAO Report on IRS Audits of Large Partnerships

Press Release

By: Ron Wyden
By: Ron Wyden
Date: Sept. 18, 2014
Location: Washington, DC
Issues: Taxes

Senate Finance Committee Chairman Ron Wyden, D-Ore., released the following statement regarding a new report by the U.S. Government Accountability Office focused on the inefficiency of IRS audits of the growing number of large partnerships:

"All points lead to the need for comprehensive, bipartisan tax reform and this is yet another example. With a boom in the creation of large partnerships -- increasing 47 percent from 2002 to 2011 -- and the decline in traditional C corporations, GAO makes a good case for revisiting how the tax code shields large partnerships from IRS audits. We need a 21st century tax code that is equitable to all taxpayers and the current system for partnerships makes it almost impossible to determine if they are paying their fair share".


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