Comment

With the long tail on partnership audit adjustments, not to mention multiple year layering of such adjustments in the prior periods (e.g., for holders of multiple partnership interests, etc.), this promises to be messy for taxpayers...and for the IRS, not to mention the (multiple) states.  Something tells me that a new approach (e.g., a flat 'moderate' tax bracket adjustment approach, save the interest) can't be too far off on the horizon.  While such approach is not likely to be very accurate, I'm finding it hard to believe that the tax software systems are that sophisticated, even with a required retrofit.  Imagine that you're on the third amendment for that tax year and the IRS is on the forth.  What a mess.

Combine this with the new Math rules in that the IRS must show its computations.  I see a lot of columns going across the page.....