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This panel discusses the BBA audit rules, which provide a radically different approach for how income tax adjustments are made in the partnership context. Although the BBA was enacted in 2015, practitioners are still grappling with its implications and its impact on advising clients. This panel addresses issues that are critical in transactions and audits. For this panel, Kate Kraus is joined by Eric Sloan from Gibson Dunn and Jennifer Black of the IRS, who authored many of the applicable regulations. This panel is part of PLI’s Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2024 conference in Los Angeles.
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