The IRS is Coming: How to Prepare for the New IRS Partnership Audit Rules

01:00 PM ET | 10:00 AM PT | 12:00 PM CT Duration 90 Minutes

This will be a very comprehensive discussion regarding AML and the interpretation of model validation

"Hear From Craig Taggart has almost a decade of experience in the fields of Mergers & Acquisitions and Business Financing . He has been an expert GRC speaker, consultant"

Try their hand at solving the issue, while balancing compliance


This webinar will focus on the most common disputes, provide attendees with a basic understanding of what is required to maintain compliance, as well as discuss tips on handling these issues. The course will conclude with some real life scenarios where attendees try their hand at solving the issue, while balancing compliance obligations with customer service.

Financial institution retail centers and call centers often face handling consumer disputes of ACH debits on their account; many situations aren’t covered in the ACH Rules book guidelines nor is there any clear direction from other resources.

Why Should You Attend:

Congress recently passed the most significant changes in partnership tax in more than 30 years, disrupting businesses from oil and gas to private equity to family limited partnerships. The new partnership audit rules apply to partnership tax years beginning after December 31, 2017, but all partnerships (big and small) should take action now to begin to implement changes required under the new law.

This course will briefly explain the fundamentals of the current Tax Equity and Fiscal Responsibility Act (TEFRA) partnership audit rules with a focus on the difficulties with the process that led to the replacement of TEFRA in the Bipartisan Budget Act of 2015. The course will then describe the new partnership audit regime, discuss how it will affect partnerships in every industry, and then detail the steps you should take now to prepare for 2018.

Areas Covered

•       Understanding of TEFRA (i.e., current IRS audit regime)
•       IRS issues with TEFRA
•       Statistics on IRS audits of partnerships
•       Concepts and terms in the BBA (i.e., new IRS audit regime)
•       Procedures in the BBA
•       Challenges with the BBA
•       Government guidance on BBA
•       Preparing your clients for the BBA

Who will Benefit

•       Oil industry executives
•       Private equity executives
•       Financial planners
•       CPAs
•       Enrolled agents
•       Family businesses
•       Bank managers
•       Compliance officers
•       Information reporting officers
•       Tax managers
•       CFOs
•       Controllers
•       Accounting managers
•       Auditors
•       IT managers
•       Compliance managers

Industries who can attend

This 90-minute online course is intended for professionals in the Banking and Finance Industry.

Speaker Profile

Craig Taggart

Craig Taggart has almost a decade of experience in the fields of Mergers & Acquisitions and Business Financing. He has been an expert GRC speaker, consultant, and instructor for over 4 years. Craig has spoken on a very broad range of topics in both seminar and webinar formats. He has been happy to grow his business practice and benefit many professionals around the country.He brings many valuable skills from the finance world into commercial real estate. Craig works with each client at the highest level to achieve the highest value for their business. His experience in the M&A Industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients. He has represented and sold many businesses in a number of different industries and has significant experience working with companies in: real estate, clean energy, and healthcare. Craig is currently working with institutional investors, family offices and their investment criteria for large commercial real estate development opportunities around the country with the following asset classes: hospitality, office, industrial, retail, multi-family, land, healthcare & non-performing notes. As an associate, Craig will work to help his clients receive the greatest return on investment.

Craig is a Certified Merger & Acquisition Advisor, Accredited Valuation Analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA).


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