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Business & farm
The Designated Partnership Representative can be anyone; this individual does not even have to be a current partner. The IRS wants a specifically designated individual to be listed as this person will be the contact person who the IRS will deal with if audited or has questions; correspondence, etc.
See the attached from the instructions:
On Form 1065, provide the name, address, and phone number of the PR. If an entity is designated as the PR, the partnership must also appoint an individual to act on the entity's behalf (a designated individual (DI)). To be a DI, the appointed person must also have a substantial presence in the United States.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 10, 2022
5:06 PM