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Business & farm
No, no special notification needs to go out except the partnership return for ABC will be filed as final due to the ownership change. The partnership return should have been filed by the 15th of the 3rd month after the partnership's tax year ended.
So, if the sale happened on 5/31/21, for example, the return with the final return notification was due to be filed 8/15/21. You may get a notification from the IRS about late filing, but as long as you file it by 3/15/22 (the calendar year due date) you likely will not get anything.
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‎February 21, 2022
11:37 AM