United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2017_register executive 2017-06-14 article Part II Proposed Rules D09002ee1c7f1754d D09002ee1c7f17612 United States Department of the Treasury originator org United States Government Agency or Subagency United States Internal Revenue Service originator org United States Government Agency or Subagency This document contains proposed regulations regarding implementation of section 1101 of the Bipartisan Budget Act of 2015 (BBA), which was enacted into law on November 2, 2015. Section 1101 of the BBA repeals the current rules governing partnership audits and replaces them with a new centralized partnership audit regime that, in general, assesses and collects tax at the partnership level. These proposed regulations provide rules for partnerships subject to the new regime, including procedures for electing out of the centralized partnership audit regime, filing administrative adjustment requests, and the determination of amounts owed by the partnership or its partners attributable to adjustments that arise out of an examination of a partnership. The proposed regulations also address the scope of the centralized partnership audit regime and provide definitions and special rules that govern its application, including the designation of a partnership representative. The proposed regulations affect partnerships for taxable years beginning after December 31, 2017 and any partnerships that elect application of the centralized partnership audit regime pursuant to Sec. 301.9100-22T for taxable years beginning after November 2, 2015 and before January 1, 2018. This document also provides notice of a public hearing on these proposed regulations. This document also withdraws the notice of proposed rulemaking published in the Federal Register on February 13, 2009 (74 FR 7205), regarding the conversion of partnership items related to listed transactions. 82 FR 27334 https://www.govinfo.gov/app/details/FR-2017-06-14/2017-12308 2017-12308 fr14jn17-24 RIN 1545-BN77 4830-01-P REG-136118-15 https://www.govinfo.gov/app/details/FR-2017-06-14/2017-12308 https://www.govinfo.gov/content/pkg/FR-2017-06-14/html/2017-12308.htm https://www.govinfo.gov/content/pkg/FR-2017-06-14/pdf/2017-12308.pdf Employment Taxes Estate Taxes Excise Taxes Gift Taxes Income Taxes Penalties Reporting and Recordkeeping Requirements 69 p. 27334 27402 82 FR 27334 Title 26 Part 301 26 CFR Part 301 RIN 1545-BN77 Centralized Partnership Audit Regime; Federal Register Vol. 82, Issue PRORULE 2017-12308 II DEPARTMENT OF THE TREASURY Internal Revenue Service 2017-08-14 2017-09-18 REG-136118-15 4830-01-P 2017-12308 Notice of proposed rulemaking, notice of public hearing, and withdrawal of notice of proposed rulemaking.

This document contains proposed regulations regarding implementation of section 1101 of the Bipartisan Budget Act of 2015 (BBA), which was enacted into law on November 2, 2015. Section 1101 of the BBA repeals the current rules governing partnership audits and replaces them with a new centralized partnership audit regime that, in general, assesses and collects tax at the partnership level. These proposed regulations provide rules for partnerships subject to the new regime, including procedures for electing out of the centralized partnership audit regime, filing administrative adjustment requests, and the determination of amounts owed by the partnership or its partners attributable to adjustments that arise out of an examination of a partnership. The proposed regulations also address the scope of the centralized partnership audit regime and provide definitions and special rules that govern its application, including the designation of a partnership representative. The proposed regulations affect partnerships for taxable years beginning after December 31, 2017 and any partnerships that elect application of the centralized partnership audit regime pursuant to Sec. 301.9100-22T for taxable years beginning after November 2, 2015 and before January 1, 2018. This document also provides notice of a public hearing on these proposed regulations. This document also withdraws the notice of proposed rulemaking published in the Federal Register on February 13, 2009 (74 FR 7205), regarding the conversion of partnership items related to listed transactions.

Written or electronic comments must be received by August 14, 2017. Outlines of topics to be discussed at the public hearing scheduled for September 18, 2017, at 10 a.m. must be received by August 14, 2017. Concerning the proposed regulations, Jennifer Black of the Office of Associate Chief Counsel (Procedure and Administration), (202) 317-6834; concerning the submission of comments and requests for a public hearing, Regina Johnson, (202) 317-6901 (not toll-free numbers). Employment Taxes Estate Taxes Excise Taxes Gift Taxes Income Taxes Penalties Reporting and Recordkeeping Requirements Centralized Partnership Audit Regime , www.irs.gov www.regulations.gov Vol. 82, no. 113 Office of the Federal Register, National Archives and Records Administration 2017-06-14 continuing daily deposited born digital 308 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2017-06-14 P0b002ee19531b673 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr14jn17 https://www.govinfo.gov/app/details/FR-2017-06-14 https://www.govinfo.gov/content/pkg/FR-2017-06-14/pdf/FR-2017-06-14.pdf https://www.govinfo.gov/content/pkg/FR-2017-06-14/xml/FR-2017-06-14.xml fdlp 27105 27402 DGPO 2017-06-14 2024-06-01 FR-2017-06-14 machine generated eng FR FR-2017-06-14 82 113