The New Partnership Audit Rules and Its Implications
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The New Partnership Audit Rules and Its Implications (MLCO63Z)
Updates on the Revocation of TEFRA and the New Partnership Audit Rules.
The Bipartisan Budget Act of 2015 (BBA) includes certain changes to the rules that govern federal tax audits of the entities that are treated as partnerships for US federal income tax purposes. These new rules have replaced the long-standing regimes for auditing partnerships under the Electing Large Partnership (“ELP”) and the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) rules.
This webinar by expert speaker Haleh C. Naimi will provide an overview of the changes from revocation of the TEFRA partnership audit rules, and the implications and issues partnerships and their tax representatives should consider post the new partnership audit rules.
Review of current partnership audit rules
Overview of the new partnership audit rules
The key features of the new audit regime
Procedural and substantive issues with the new audit regime
Who will be affected?
Impact on partnership agreements?
Litigation issues and tips
NASBA & IRS Category of Study: Taxes
Who Should Attend
This webinar will provide valuable assistance to all personnel in:
Haleh Naimi is a tax and bankruptcy attorney representing individuals and businesses (ranging in size from small to middle-market) in complex tax, bankruptcy and commercial litigation matters throughout California and New York. She has lectured on tax controversy issues involving collection and bank...