IRS Form 8983 Certification of Partner Tax-Exempt Status for Modification Under IRC Section 6225(C)(3)

What Is IRS Form 8983?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on February 1, 2019. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 8983?
A: IRS Form 8983 is a form used for the Certification of Partner Tax-Exempt Status for Modification under IRC Section 6225(c)(3).

Q: Who needs to file IRS Form 8983?
A: Partnerships that have tax-exempt partners and are making modifications under IRC Section 6225(c)(3) need to file Form 8983.

Q: What is the purpose of IRS Form 8983?
A: The purpose of Form 8983 is to certify that a partner of a partnership is tax-exempt and therefore eligible for certain modifications under IRC Section 6225(c)(3).

Q: Is IRS Form 8983 mandatory?
A: Yes, if you are a partnership with tax-exempt partners making modifications under IRC Section 6225(c)(3), filing Form 8983 is mandatory.

Q: When is the deadline for filing IRS Form 8983?
A: The deadline for filing Form 8983 is typically the same as the partnership tax return due date, which is usually March 15th.

Q: Are there any penalties for not filing IRS Form 8983?
A: Failure to file Form 8983 or filing an incomplete or inaccurate form may result in penalties imposed by the IRS.

Q: Can I file IRS Form 8983 electronically?
A: As of now, Form 8983 cannot be filed electronically. It must be filed by mail or in person with the IRS.