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Business & farm
Yes, I do agree that it is specifically mentioned that the foreign partner does not need a TIN to claim a reduced rate of withholding. Furthermore, "IF foreign partners are not required to obtain an SSN or TIN, a partnership should enter 000-00-0000 in Item E if the partner is an individual or 00-0000000 if the partner is an entity. This change in e-file policy at the IRS should not be interpreted by partners, partnerships, and their tax preparers as a policy that partners who were not previously required to obtain an SSN or TIN are now required to do so".
Thank you for pointing this out.
What can be entered in Schedules K-1 and K-3 in place of FOREIGNUS
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‎February 18, 2025
2:41 PM