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 the managing shareholder of the law firm of Advocate Solutions, Inc., which received the award Tax - Law Firm of the Year 2016 and 2017 by Lawyer Magazine. She specializes in tax and bankruptcy law representing individuals and businesses (ranging in siz...