IRS Form 8893 Election of Partnership Level Tax Treatment
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IRS Form 8893 Election of Partnership Level Tax Treatment Is there a benefit for a small partnership to use this form? Are club only has 7 members and we have never used this form before. Any help given would be appreciated. Thanks In general probably not. It can make it easier for the IRS to come after you if there is some sort of issue with your tax return. If you're interested, here is a link to a pretty comprehensive discussion of consolidated audits and Tax Matters Partner. Do You Want to Be The Tax Matters Partner But, if you have any remaining concern or questions, we'd recommend that you discuss the specifics of your situation with a CPA to get a definitive yes or no answer that fits your circumstances. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Thu, Mar 15, 2012 at 1:53 PM, Tim Britton wrote: Is there a benefit for a small partnership to use this form? |
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