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Topic: 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
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On Thu, Mar 15, 2012 at 1:53 PM, Tim Britton  wrote:
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