Monthly Archives June 2022

Changes to BBA Allow Partnerships to File Amended Returns

The April 15th Tax Filing Deadline has come and gone. But if you filed an extension or are looking to submit return amendments, you’re on the hot seat to comply with the next set of looming deadlines. And this brings up an issue many small business owners face concerning the Bipartisan Budget Act of 2015 (BBA), which pared-down existing rules for auditing partnerships (legislation that first took effect in 2018). These revised rules could potentially
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