CCH Tax Day Report The proposed regulations implementing the new centralized partnership audit regime under the Bipartisan Budget Act of 2015 (BBA) have finally been released. The BBA regime replaces the current TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) procedures beginning in 2018. The proposed regulations were originally issued on January 19 of […]

The post Proposed Centralized Partnership Audit Regulations Finally Released After Regulatory Freeze (NPRM REG-136118-15) appeared first on Tax & Accounting Blog.