NTA2318. Catching up on Controversy: Post-filing Representation in a BBA Audit

Congress gave the IRS new partnership audit procedures when it enacted the Bipartisan Budget Act of 2015 with the goal of increasing partnership audits. The new rules generally went into effect for partnership tax years beginning on or after January 1, 2018. Since that time, practitioners have seen a rise in partnership examinations. Now, with additional Inflation Reduction Act funding, the IRS commitment to increasing enforcement for the wealthy and large entities, including partnerships, is sure to further increase the number of BBA audits. Even though return preparation under the BBA rules has been a reality for almost 5 years, many practitioners may not have experienced having to prepare an AAR, filing returns for partners that have received Form 8986 push out statements, or a BBA audit. While programs at prior conferences have focused on AARs and return preparation under BBA, it is important to also understand BBA audit procedures. This program will address the unique audit procedures under the BBA and provide insight on how to navigate these rules.

Learning Objectives:

• Apply BBA audit process.
• Identify unique milestones and deadlines under the BBA audit procedures.