Please help!
We have 20 partners in our club. 5 of the partners are
actually groups that consist of three or more people. Only
one of the groups actual has their own TIN. As the club
treasurer, how should I report to the IRS for the other
groups?

I would suggest three things:

First, read your partnership agreement and see who signed
it. Those are your only partners. If signed as individuals,
then they are individual partners. If signed as a
representative of another partnership, then the other
partnership is a partner in your club. You can have
individuals as partners; you can have partnerships as
partners; you can have corporations as partners; but you
can't have "groups" as partners.

Second, edit all of your club accounting entries to reflect
the reality of point one.

Third, if this doesn't solve your problem (as treasurer)
run, don't walk, to find paid professional tax assistance.
The fines for screwing up the partnership return and K-1s
are totally out-of-proportion to the dollar amounts of the
entries on your Form 1065 and K-1s.

Ira Smilovitz
Lakshmi Investments

Arjuna Rahman wrote:
> Please help!
> We have 20 partners in our club. 5 of the partners are
> actually groups that consist of three or more people. Only
> one of the groups actual has their own TIN. As the club
> treasurer, how should I report to the IRS for the other
> groups?