Derek Reuter

Oct 1, 2024 | thetaxadviser.com | Colin Walsh |Derek Reuter

Editor: Michael Wronsky, CPA, MSTBy adopting a centralized partnership audit regime, the Bipartisan Budget Act of 2015 (BBA), P.L. 114-74, dramatically changed the procedures by which the IRS (via examination) or a partnership (via an administrative adjustment request (AAR)) can adjust a previously filed federal Form 1065, U.S. Return of Partnership Income.