Somehow last year our club concluded that we should sign
Form 8893. Now we realize that this is mostly a bother to us
and by signing this form we are merely making life easier
for the IRS.

Must we resubmit the form again this year even though, given
our "druthers", we really no longer wish to make this
election?

By the way, we did add a new member in '05.

I fear I already know the answer to this question, but I'm
just trying to be sure.

Thanks!
Jim

Jim,

Just my two cents... When you filed the original form 8893
last year, you were requesting an election from the IRS.
This election is effective for last year and all subsequent
years. So you don't need to continue filing one each year,
because the election has already been received by the IRS.

If you wish to revoke this election, you can go to the IRS
website at www.irs.gov and print a copy of form 8894 Request
to Revoke Partnership Tax Level Treatment Election. Then
file it with your tax return.

:) Debi



James O Gornto, Jr. wrote:
> Somehow last year our club concluded that we should sign
> Form 8893. Now we realize that this is mostly a bother to us
> and by signing this form we are merely making life easier
> for the IRS.
>
> Must we resubmit the form again this year even though, given
> our "druthers", we really no longer wish to make this
> election?
>
> By the way, we did add a new member in '05.
>
> I fear I already know the answer to this question, but I'm
> just trying to be sure.
>
> Thanks!
> Jim