This course reviews the changes in partnership audit rules made by the Bipartisan Budget Act of 2015 (BBA). The new law repeals the audit rules and the reporting and audit procedures for electing large partnerships that were made by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). The new rules focus the audit, as well as the collection of any adjustment, at the partnership level, place the burden of the tax on partners in the adjustment year rather than the year under audit, replace the tax matters partner with a partnership representative, and make changes regarding who is subject to and who can elect out of the new rules. They affect far beyond currently electing large partnerships (ELPs) under the TEFRA rules. Upon completion of this course, you will be able to: Identify situations in which partnerships may elect to opt out of the Code Sec. 6221 audit rules; Recognize the duty of consistency between the returns filed for partners and their partnerships; Identify the manner in which the new audit rules will apply to partnerships; and Identify ways in which adjustments and assessments are implemented for a reviewed tax year.