IRS releases proposed regulations excepting items from centralized partnership regime

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November 20, 2020
2020-2745

The IRS has released proposed regulations (REG-123652-18) that would except partnership-related items from the centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015 if those items involve special enforcement matters described in the regulations. The proposed regulations also would change the regulations to conform with changes to the Code. A Tax Alert is forthcoming.

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