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September 1, 2020

IRS launches website for BBA centralized partnership audit regime

The IRS has announced (IR-2020-199) its launch of a website focusing on the Bi-Partisan Budget Act (BBA) centralized partnership audit regime. The website is "intended to be a one-stop location for anything BBA-related, including regulations and other guidance and instructions." Taxpayers should visit the website often for updates, eventually to include instructions on electronically submitting forms related to BBA examinations.