New partnership audit rules are likely to fill 2018 with challenges and opportunities for partnerships. Notably, the Bipartisan Budget Act of 2015 ("BBA") enacted new partnership audit rules, which will affect every partnership and will have a major impact on future IRS partnership audits, starting with partnership tax years beginning in 2018. The changes will affect the rights and obligations of past, present and future partners. Partnerships and partners can now choose to proactively review and plan where they do, and will, stand in terms of their tax positions and of the relative rights of the partners.
Tax reform legislation is another area of focus in 2017, with an eye toward 2018, given that significant tax legislation may be enacted in the near future. The webcast will provide highlights of tax reform legislation as it may pertain to partnerships.
- Describe the major features of the BBA
- Explain how modeling future changes can reveal areas of partnerships that may need to be focused on
- Examine the breadth of current positions or accounting methods that could be affected
- Identify major concepts in tax reform legislation
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- Dustin Stamper, Director, Washington National Tax Office, Washington, DC
- Grace Kim, Principal, Washington National Tax Office, Washington, DC
- Todd Sinnett, Partner, Partnership Taxation, Charlotte, NC
- Mark Perechinsky, Principal, Partnership Taxation, Philadelphia, PA
Please note: CPE credits are not awarded for webcast replay.
Recommended Field of Study: Taxes
Program Level: Overview
Delivery Method: Group-internet
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