Partnerships and BBA administrative adjustment requests

Partnerships are starting to file administrative adjustment requests (AARs) under the new Bipartisan Budget Act of 2018 (BBA) centralized partnership audit regime. The new process is very complex, and it is difficult to know which forms need to be filed and how to present the adjustments.

After attending this webinar, you should be able to:

• Outline the rules for AARs -Determine what forms are applicable when preparing AARs
• Describe what steps a recipient of a Form 8986, “Partner’s Share of Adjustment(s) to Partnership-Related Item(s),” needs to take

This webinar will provide insight on the AAR procedures and how to comply with the new rules.