BBA Impacts on Corporations Webinar
Overview
The centralized partnership audit regime introduced under the Bipartisan Budget Act (BBA) continues to create important compliance, filing, and financial considerations for corporations with partnership interests. This session provides a practical overview of how the BBA rules apply, key filing decisions, and the mechanics of partnership audits and collections. Participants will gain insight into:
- How the BBA audit regime affects corporations with partnership investments or interests
- Key filing, reporting, and election considerations under the current rules
- Practical implications for audit exposure, collections, and transaction structuring
This course qualifies for IRS Continuing Education Credit.
Objective
To provide CPAs and other tax and finance professionals with a practical understanding of the centralized partnership audit regime under the BBA, enabling them to evaluate filing requirements, manage audit considerations, and address related planning and compliance issues.
Emphasis
- Filing considerations:
– Who and what BBA applies to
– Considering whether to elect out
– Partnership-related items
– Notice of Inconsistent Treatment (Form 8082) - BBA audits
- Structure and examples using Form 8986
- Collection: who pays and special collection tools
- Deal considerations
Speakers
Jenni Black, Managing Director, Citrin Cooperman
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