2020 Instructions for Form 1065 - IRS tax forms

Centralized Partnership Audit Regime. The Bipartisan Budget Act of 2015 (BBA) created a new centralized partnership audit regime effective for partnership tax years beginning after 2017. The new audit regime replaces the consolidated audit proceedings under the Tax Equity and Fiscal Responsibility Act (TEFRA). The new audit

  Form, Audit, Budget, Responsibility, Budget act, Irs tax forms, Responsibility act