Election Into the Partnership Audit Regime Under the Bipartisan Budget Act of 2015
other · IRS · Rule · Published 2016-08-05 · Effective 2016-08-05 · 81 FR 51795
Document
Document number
2016-18638
Federal Register citation
81 FR 51795
CFR reference
26 CFR 301
Type
Rule
Action
Temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2016-08-05
Effective date
2016-08-05
Treasury docket
TD 9780
Abstract
This document contains temporary regulations pursuant to section 1101(g)(4) of the Bipartisan Budget Act of 2015 regarding an election to apply the new partnership audit regime enacted by that act to certain returns of a partnership. The regulations provide the time, form, and manner for making this election. The regulations affect any partnership that wishes to elect to have the new partnership audit regime apply to its returns filed for certain taxable years beginning before January 1, 2018.