Finance & markets · 05/08/2016
Election Into the Partnership Audit Regime Under the Bipartisan Budget Act of 2015
The Bipartisan Budget Act of 2015 introduced a new partnership audit regime, allowing eligible partnerships to opt-in to this system for tax years prior to January 1, 2018, with temporary regulations outlining the process for making this election.
Original source language: Federal Register — Department of the TreasuryOpen original release →