New Partnership Audit Rules: Are You Ready?


October 17, 2019


Vicki L. Mulak

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes

Course Field of Study : Tax
Course Program Level : Basic

* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-951-801-2324


The Centralized Partnership Audit regime, enacted in the Bipartisan Budget Act 2015, became effective January 1, 2018, and California has legislatively conformed with the same effective date. Under the regime, partnerships may accept the default treatment which includes an audit assessment against the partnership itself, or utilize an “election-out” as well as an available “push-out” election or “pull-in” procedure. This session by our expert Vicki Mulak will clearly define these options, as well the required time frames to implement them, in instances where the partnership is contacted by the IRS examination division.

Session Highlights:

  • The fundamentals of partnership audit procedures
  • The problems with the prior partnership audit rules
  • The new default partnership audit regime and the impact on partners
  • The methods to avoid the new default partnership audit regime, including the election out
  • The steps that partnerships need to take in 2019

Who Should Attend?

  • CPA’s
  • Enrolled Agents
  • Other Tax Preparers
  • Tax Attorneys