In this episode, Joel Crouch and Nick Pegelow explore the modern landscape of IRS partnership audits under the Bipartisan Budget Act (BBA) rules. They discuss how and why the IRS shifted the audit process, the all-powerful role of the partnership representative, and the importance of making the right elections—like opting out or pushing out adjustments. Whether you’re a partner in a small business or part of a complex investment structure, you’ll get practical insight on avoiding pitfalls, handling IRS exams, and making smart choices for your partnership.
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