Client Alert: Change to Partnership Representative Requirements for Form 1065

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March 18, 2019

For those filing a Form 1065, please note that the Internal Revenue Service adjusted the requirements for partnership returns.The partnership representative is no longer required to list their taxpayer identification number (TIN), which includes social security numbers for individuals, on the return.

Beginning with 2018 returns, partnerships are required to designate a partnership representative, who will represent the partnership if there is a dispute with the Internal Revenue Service. If the designated partnership representative is not an individual, a designated individual must be named on the tax return. While the Form 1065 includes lines for the partnership representative and the designated individual to provide their TINs, and the original instructions mandated that full TINs be shown, the IRS now states that taxpayers may enter all zeroes (example: 00-0000000 or 000-00-0000) for the TIN of the partnership representative and designated individual.

For further questions, please contact Abbey B. Garber or Jana Benson Wight, who spoke about partnership audit rules and the role of the partnership representative at Thompson & Knight’s Family Office Discussion Meeting on January 31.