For Immediate Release
April 17, 2014

Lindsey Held (202) 224-4515

Wyden Statement on GAO Preliminary Report on IRS Audits of Large Partnerships

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

“This is a real problem and serves as yet another example of why Congress needs to get serious about comprehensive, bipartisan tax reform.  This includes looking at the growth of large partnerships and working with the proper parties – including the IRS – to put in place a smart framework for auditing and governance.  By rebuilding our tax fundamentals, rather than jumping from one fire drill to the next, Congress can better ensure that we have a fair code and enforcement system in place.” 

The Government Accountability Office is the investigative arm of Congress. The report, Large Partnerships: Characteristics of Population and IRS Audits, GAO Report No. GAO-14-379R, can be found here