Partnership Audit Rules Under the Bipartisan Budget Act – What You Don’t Know Might Hurt You



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Credit Details
Credit Hours:
Specialty Area:
Taxation Law
Credit Type:
Original Air Date:
February 6, 2024
Accredited In:

You may be able to self apply for credits in states not listed. BHBA provides CLE accreditation as described above. 

About the Program

The BBA audit rules provide a radically different approach for how adjustments are made in the partnership context. Although the BBA was enacted in 2015, practitioners are still grappling with its implications and how to advise clients. This panel will address issues that are critical in transactions and audits. After completing this session, participants will be able to:

Draft provisions in partnership agreements and other transactional documentation that address BBA issues
Calculate the imputed underpayment and evaluate strategies for shifting risk
Address the partnership audit rules in transactional due diligence

Meet the Speakers
Headshot - 2024-01-23T125138.709
Kate Kraus


Partner Allen Matkins

Kate, a partner in the Los Angeles office and chair of the Tax Group, has more than 20 years of experience in tax planning, structuring, and representing taxpayers under audit. She advises clients on the tax issues that arise in a wide range of partnership, corporate, and real estate matters, including fund formations, financing transactions, mergers and acquisitions, restructurings, debt workouts, liquidations, and bankruptcies, as well as on the efficient resolution of tax controversies. Her clients include REITs, large institutional investors, real estate funds, private equity funds, hedge funds, Fortune 100 companies, mid-market companies, high-net worth individuals, and Opportunity Zone funds. 

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This program is free for members at the Sustainer or higher level and OnDemand subscribers. Economy members pay the full rate. Join first, then login to BHBA+ to access this program.

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