Posts from November 2020.
On November 20th, the IRS released proposed regulations (REG-123652-18) regarding the centralized partnership audit regime created by the Bipartisan Budget Act of 2015. First, these proposed regulations provide that partnerships, that have a partner that is a qualified subchapter S subsidiary (“QSub??), are not eligible to elect out of the centralized partnership audit regime. In general, a partnership may elect out of the centralized partnership audit regime if it has 100 or fewer partners and each of those partners is an “eligible partner.?? The proposed regulations ...
A New Era of Partnership Representation Before the IRS
Search
Recent Blog Posts
- Surge in BBA Partnership Audits Expected in 2022
- IRS Releases Memo Concerning Access to Administrative File in TEFRA and BBA Examinations
- IRS Provides Penalty Relief for New Capital Reporting Requirements
- IRS Releases Proposed Regulations on Centralized Partnership Audit Regime
- Centralized Partnership Audit Regime Website Launched by IRS
- Partnership Filing Relief
- IRS Issues LB&I Memorandum
- IRS Release Clarifications for Form 8082
- IRS Release Draft Instructions to Form 8978
- IRS Releases Interim Guidance Centralized Partnership Audit Regime
Bios
Archives
- January 2022
- April 2021
- January 2021
- November 2020
- September 2020
- April 2020
- March 2020
- February 2020
- November 2019
- October 2019
- July 2019
- March 2019
- January 2019
- December 2018
- November 2018
- September 2018
- January 2018
- October 2017
- August 2017
- July 2017
- May 2017
- February 2017
- January 2017
- November 2016
- October 2016
- September 2016
- August 2016