CCA 200952050
Partnership Item
ID: CCA_2009120416394754 Number: 200952050
Release Date: 12/24/2009
Office: ---
UILC: 6231.03-00
From: ---
Sent: Friday, December 04, 2009 4:39:49 PM
To: ---
Cc: ---
Subject: RE: TEFRA and Employment Tax Audits
If the Service intends to disregard the partnership distribution and characterize the transfer of money from the TEFRA partnership to the S corporation shareholders as wages paid to the S corporation shareholders, then the Service must issue an FPAA. Treas. Reg. 301.6231(a)(3)-1(c)(3). Any assessment of a deficiency on this ground without an FPAA would be invalid. I.R.C. 6225(a).
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Source: view the official PDF
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