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Centralized Partnership Audit Regime (CPAR)

date
August 27, 2024
|
2:00 pm
Credit
1 IRS CE/1 NASBA CPE*
Description

The Partnership Centralized Audit Regime (CPAR), also known as the Bipartisan

Budget Act (BBA) of 2015, is a set of rules that govern how the Internal Revenue

Service (IRS) audits and adjusts the tax liability of partnerships. Prior to the CPAR,

the IRS had to audit each partner individually, which was a complex and time-

consuming process. The CPAR was introduced to simplify and streamline the

partnership audit process.

Learning Objective:

- Summarize 2015 BBA and importance of partnership agreement

- Establish why designating a partnership representative is imperative

- Outline who can elect out of CPAR

- Summarize filing an AAR

- Analysis of issues partnerships may run into due to CPAR

"Our best deal is always to become a monthly subscriber"

*Self-Study recording not available for NASBA CPE credit.

Price
$39.00
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Meet Your Speakers

Allan J. "A.J." Reynolds

,

EA

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