Resource Center

by Lou Vlahos, JD | Contributing Guest Writer

Partnerships are typically the most flexible form of business structure, and accordingly the number of them continues to rise in the U.S.. The Bipartisan Budget Act of 2015 (“BBA”) added a number of new tax compliance provisions to the Internal Revenue Code specific to these structures.

Download this article to learn about:

  • Changes including TEFRA and ELP repeal
  • Partnership audit rules
  • Exceptions to the new rules