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TREAS/IRS RIN: 1545-BN33 Publication ID: Spring 2019 
Title: Early Election Into the Partnership Audit Regime Under the Bipartisan Budget Act of 2015  

Under section 1101(g)(4) of Public Law 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 Public Law 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 final regulation provides the time, form, and manner of the election.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 31   
Legal Authority: 26 U.S.C. 7805    Pub. L. 114-74, sec. 1101(g)(4)   
Legal Deadline:  None
Action Date FR Cite
NPRM by Cross-Reference to Temporary Regulations  08/05/2016  81 FR 51835   
NPRM by Cross-Reference to Temporary Regulations Comment Period End  10/04/2016 
Final Action: TD 9839  08/09/2018  83 FR 39331   
Final Action Effective  08/09/2018 
Final Rule; Correction  12/00/2019 
Additional Information: REG-105005-16 (NPRM) Drafter attorney: Jennifer Black (202) 317-5216 Reviewer attorney: Emily Lesniak (202) 317-5409 Treasury attorney: Brendan O'Dell (202) 622-1868 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
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-5216