The document discusses the impact of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the BBA Rules. It outlines the procedures for tax adjustments at the partnership level and the potential financial implications for partners. The document also highlights other tax risks associated with investing in the Access Fund, including changes in tax laws and the possibility of substantial taxation.
doj/DataSet10/EFTA01390131.pdf
{"key_people":["Ian Slome"],"document_type":"legal","key_locations":["U.S."],"document_subtype":"tax legislation summary","key_organizations":["Access Fund"]}