Bipartisan Budget Act of 2015

Budget Agreement Repeals TEFRA/ELP Partnership Audit Rules, ACA Automatic Enrollment

Legislation that eliminates the so-called TEFRA unified partnership audit rules (as first introduced in the Tax Equity and Fiscal Responsiblity Act of 1982), along with the electing large partnership (ELP) rules, in favor of a more streamlined audit regime has been approved by Congress and is on it's way to the White House for President Obama's expected signature.  Click here to read the entire Special Report - If you have questions regarding this topic or need additional information, contact your BKHM professional at 407-998-9000 or bkhm@bkhmcpa.com!

Social Share

Post Comment