# Election Out of the Centralized Partnership Audit Regime
> **IRS** · Final regulation. · Published 2018-01-02 · Effective 2018-01-02 · 83 FR 24
## Document
- **Document number:** 2017-28398
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 83 FR 24
- **CFR reference:** 26 CFR 301
- **Publication date:** 2018-01-02
- **Effective date:** 2018-01-02
- **Treasury docket:** TD 9829
## Abstract

This document contains final regulations regarding the implementation of certain portions of section 1101 of the Bipartisan Budget Act of 2015 (BBA), which was enacted into law on November 2, 2015. Section 1101 of the BBA repeals the current rules governing partnership audits and replaces them with a new centralized partnership audit regime that, in general, assesses and collects tax at the partnership level. This document provides final regulations for electing out of the centralized partnership audit regime. The final regulations affect partnerships for taxable years beginning after December 31, 2017.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2018/01/02/2017-28398/election-out-of-the-centralized-partnership-audit-regime)
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