Partnership Representative for IRS - 1065, page 3 - club_cafe - bivio Investment Clubs

Partnership Representative for IRS - 1065, page 3

Scott Freeman on

Does the 1065 (page 3) need to have a partner designated as
a representative for the IRS if the return has opted out of
the centralized partnership audit regime?

ira smilovitz on

There is no partnership representative for clubs that have opted out of the Centralized Partnership Audit Regime. If the IRS wants to audit an "opt-out" club, it must do so by auditing the personal returns of each of the partners.

Ira Smilovitz, EA

On Wed, Feb 19, 2020 at 8:37 AM Scott Freeman via bivio.com <user*1595500001@bivio.com> wrote:

Does the 1065 (page 3) need to have a partner designated as
a representative for the IRS if the return has opted out of
the centralized partnership audit regime?

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