New York Set to Adopt Federal Centralized Partnership Audit Regime
Withum
FEBRUARY 13, 2025
New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochuls fiscal year 2026 budget. New Yorks proposal would be retroactive to adjustments after January 1, 2018. Notably, New Yorks proposal would not recognize federal push-out elections or have a similar mechanism.
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