Federal Election of Partnership Level Tax Treatment
Extracted from PDF file 2017-federal-form-8893.pdf, last modified October 2017
Election of Partnership Level Tax TreatmentForm 8893 (Rev. September 2017) Election of Partnership Level Tax Treatment ▶ For partnership tax years beginning before January 1, 2018. ▶ Go to www.irs.gov/Form8893 for the latest information. Department of the Treasury For tax year beginning Internal Revenue Service Name of partnership Type or Print , 20 , and ending OMB No. 1545-0123 , 20 Employer identification number Number, street, and room or suite no. If a P.O. box, see the instructions. City or town, state or province, country, and ZIP or foreign postal code Election—Available only for partnership tax years beginning before January 1, 2018 We, the partners of the above named partnership, elect to have the provisions of subchapter C of chapter 63 of the Internal Revenue Code (prior to the amendment by the Bipartisan Budget Act of 2015 (BBA)) apply with respect to this partnership. This election will subject the partnership to the unified audit and litigation procedures of sections 6221 through 6234 (prior to amendment by BBA). We understand that this election is revocable only with IRS consent. All partners who were members of the partnership at any time during the tax year shown above have signed this form. Partners’ Signatures All partners who were partners at any time during the tax year shown above must sign below. Under penalties of perjury, I declare that I was a partner during the tax year as stated above and my signature confirms my agreement with the request for election. I have examined this consent statement, and to the best of my knowledge and belief, it is true, correct, and complete. Date Signature For Paperwork Reduction Act Notice, see instructions. Cat. No. 37701Y Form 8893 (Rev. 9-2017) Page 2 Form 8893 (Rev. 9-2017) What’s New Signing the Form The election made with this form is available only for partnership tax years beginning before January 1, 2018, and for tax years in which no election under Temporary Regulations section 301.9100-22T is in effect. Each partner who was a partner in the partnership during the tax year for which the election is filed must sign the form. This includes all partners during the year, not just those who are partners at the end of the year. General Instructions A husband and wife are generally considered as one partner, and should both sign the election. Corporate partners should name the corporation, with the signature of the appropriate corporate officer. Attach a continuation sheet if more signature space is needed. Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 8893 is used only by small partnerships electing the unified audit and litigation procedures as set forth in section 6231(a)(1)(B)(ii) (prior to amendment by BBA). A “small partnership” is defined as any partnership having 10 or fewer partners each of whom is an individual (other than a nonresident alien), a C corporation, or an estate of a deceased partner. For this purpose, a husband and wife (and their estates) are treated as one partner. How To File This form must be attached to the partnership return for the tax year shown and must be filed by the due date of the return (including extensions). If the partnership files Form 1065 on time, the election can be made on an amended return filed no later than 6 months after the due date (excluding extensions) of the original return. Write “FILED PURSUANT TO SECTION 301.9100-2” in the top margin of the amended return and file it at the same address the original return was filed. The election will be effective for the partnership tax year to which the return relates and all subsequent tax years unless revoked with IRS consent. However, the election will not be effective for tax years beginning after 2017. A revocation of the election can be requested by filing Form 8894, Request to Revoke Partnership Level Tax Treatment Election. Paperwork Reduction Act Notice We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown in the instructions for their business income tax return.
Form 8893 (Rev. September 2017)
More about the Federal Form 8893 Corporate Income Tax TY 2017
We last updated the Election of Partnership Level Tax Treatment in January 2018, so this is the latest version of Form 8893, fully updated for tax year 2017. You can download or print current or past-year PDFs of Form 8893 directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 941||Employer's Quarterly Federal Tax Return|
|Form 1120-H||U.S. Income Tax Return for Homeowners Associations|
|Form 4562||Depreciation and Amortization (Including Information on Listed Property)|
|Form 4684||Casualties and Thefts|
|Form 1125-A||Cost of Goods Sold|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8893 from the Internal Revenue Service in January 2018.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 8893
We have a total of five past-year versions of Form 8893 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 8893 (Rev. September 2017)
Form 8893 (December 2004)
Form 8893 (December 2004)
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