Wednesday, July 24 | 4:40 p.m. - 5:30 p.m. | Concurrent Session
Centralized Partnership Audit Regime
1 CPE for AFSP, EA, CPA, CRTP
If you are a beginner or even a seasoned tax professional, this class will assist your practice with questions on whether or not a partnership can elect out of the centralized partnership audit regime, and what happens when the partnership is audited and did not elect out. During this session we’ll review the impacts of the election and how to file an Administrative Adjustment Request (AAR).
Objectives
Upon completion of this session, you will be able to:
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Summarize the 2015 BBA and importance of the partnership agreement
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Determine why designating a partnership representative is imperative for a partnership
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Outline who can elect out of the centralized partnership audit regime
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Summarize filing an AAR
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Identify issues partnerships may run into due to the centralized partnership audit regime
CPE information
Duration: 50 minutes
Course level: Intermediate
Prerequisite: Basic understanding of partnership taxation
Advanced preparation: None
Delivery method: Group Live
