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TREAS/IRS | RIN: 1545-BN34 | Publication ID: Spring 2016 |
Title: ●Early Election Into the Partnership Audit Regime Under the Bipartisan Budget Act of 2015 | |
Abstract:
Under section 1101(g)(4) of Pub. L. No. 114-74, a partnership may elect (at such time and in such form and manner as the Secretary of the Treasury may prescribe) for certain amendments under Pub. L. No. 114-74, section 1101 to apply to any return of a partnership filed for a partnership taxable year beginning after November 2, 2015 (the date of the enactment of the BBA) and before January 1, 2018. This regulation provides the time, form, and manner of the election. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 26 CFR 31 | |
Legal Authority: 26 U.S.C. 7805 Pub. L. 114-74, sec 1101(g)(4) |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-105005-16 (TEMP) Drafting attorney: Jennifer Black – 202-317-5216 Reviewer: Gregory Armstrong – 202-317-5131 Treasury attorney: Rochelle Hodes – 202-622-1787 CC:PA: Branch 7 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jennifer Black Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-5216 Email: jennifer.m.black@irscounsel.treas.gov |