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 and their implications for partnerships like the Access Fund. It outlines the potential tax liabilities for current and former partners and the possibility of adverse tax consequences due to the BBA Rules. The document also advises prospective Limited Partners to consult tax advisors regarding the complex tax considerations involved in investing in the Access Fund.
doj/DataSet10/EFTA01393313.pdf
{"key_people":["General Partner"],"document_type":"legal","document_subtype":"Partnership Audit Legislation","key_organizations":["Aspen Grove Capital, LLC","Access Fund"]}