The Internal Revenue Service (IRS) is holding a public hearing on March 25, 2021, for proposed regulations to exclude certain partnership-related items from the centralized partnership audit system. This hearing will take place by teleconference, and anyone wishing to speak must email an outline of their discussion topics by March 12, 2021. If no outlines are received by this date, the hearing will be canceled. Those interested in attending or speaking must email publichearings@irs.gov with specific details to obtain access information.
Simple Explanation
The government wants to change some rules about how they check on large groups of people who work together in business. They plan to have a phone meeting to talk about these changes, and people can join and talk too, but they must ask ahead of time if they want to be part of the conversation.