TD 9829: Final Regs on Electing Out Of Centralized Partnership Audit Regime

The IRS has issued final regs, TD 9829,  on electing out of the centralized partnership audit regime on 1.2.2018.

Among other things, the final regs do not allow disregarded entities or revocable trusts to opt out of the new partnership audit regime.

See final regs by clicking here.  

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.

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