March 01, 2016

Dig into the New Partnership Tax Rules

Betty J. Boyd

Reprinted from Betty J. Boyd, Dig into the New Partnership Tax Rules, Business Law Today, February 2016. © 2016 American Bar Association. Reprinted with permission.

The stodgy world of partnership audit and tax collection is headed for a seismic change! Get ready to say bye-bye to the current Tax Equity and Responsibility Act of 1982 (TEFRA) and Electing Large Partnerships (ELP) rules and hello to Title XI of the Revenue Provisions Related to Tax Compliance of the Bipartisan Budget Agreement (BBA).

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