The Bipartisan Budget Act Audit Regime

The Bipartisan Budget Act of 2015 (BBA) created a “centralized system for audit, adjustment and collection of tax that [generally] applies to all partnerships,” with taxable years beginning after 2017 [P.L. 114-74; Joint Committee on Taxation, “General Explanation of Tax Legislation Enacted in 2015 (JCS–1–16),” March 2016, https://tinyurl.com/y4tf5zwm]. In an effort to circumvent IRS frustrations with […] The post The Bipartisan Budget Act Audit Regime appeared first on The CPA Journal.

This article is sourced from Macdonald “Mac” A. Norman, JD, LLM. Click below to read the complete article on their official website.