The IRS has issued a flowchart outlining the processes in a Bipartisan Budget Act of 2015 partnership examination in Publication 5388, Bipartisan Budget Act (BBA) Roadmap for Taxpayers.[1]

The Bipartisan Budget Act of 2015 repealed the prior TEFRA partnership audit regime and added a new fully centralized partnership regime. The flowchart outlines the process once an examination gets underway, including elections available to the taxpayer once the IRS has issued the Notice of Proposed Partnership Adjustment.

[1] Publication 5388, Bipartisan Budget Act (BBA) Roadmap for Taxpayers, June 2020, https://www.irs.gov/pub/irs-pdf/p5388.pdf (retrieved July 11, 2020)