N-16-23: partnership audit regime

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March 4, 2016

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Issue Number: Notice 2016-23

Inside This Issue

Notice 2016-23 requests comments on the new partnership audit regime enacted as part of the Bipartisan Budget Act of 2015 (BBA). Section 1101 of the BBA creates a new regime for auditing all partnerships effective for tax years beginning after December 31, 2017, although some partnerships may elect into the regime prior to that date. This Notice requests comments from the public to help implement the new rules and to assist in the guidance process. Comments are requested by April 15, 2016.

Notice 2016-23 will be in IRB 2016-12, dated March 21, 2016.

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