Finance & markets · 05/08/2016Updated: 10/17/2026 · 1 min read
IRS Proposes Regulations for Partnership Audit Election Under Bipartisan Budget Act of 2015
Summary
The Internal Revenue Service (IRS) has released proposed regulations allowing partnerships to opt into a new audit regime, which was enacted by the Bipartisan Budget Act of 2015, for tax years prior to 2018.
Original source language: Federal Register — Department of the TreasuryOpen original release →