Instructions for IRS Form 8979 Partnership Representative Revocation / Designation and Resignation Form

IRS Form 8979 Partnership Representative Revocation, Designation, and Resignation

This document contains official instructions for IRS Form 8979 , Partnership Representative Revocation/Designation and Resignation Form - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8979 is available for download through this link.

FAQ

Q: What is IRS Form 8979?
A: IRS Form 8979 is the Partnership Representative Revocation/Designation and Resignation Form.

Q: What is the purpose of IRS Form 8979?
A: The purpose of IRS Form 8979 is to designate, revoke, or resign as a partnership representative for tax matters.

Q: Who needs to file IRS Form 8979?
A: Partnerships or limited liability companies (LLCs) classified as partnerships for tax purposes need to file IRS Form 8979.

Q: When should IRS Form 8979 be filed?
A: IRS Form 8979 should be filed with the partnership's tax return for the taxable year for which the designation or revocation is being made.

Q: Can a partnership have multiple representatives?
A: Yes, a partnership can designate multiple representatives, but only one can act as the partnership representative at a time.

Q: Can a partnership representative resign?
A: Yes, a partnership representative can resign by filing IRS Form 8979.

Q: Can a partnership revoke the designation of a representative?
A: Yes, a partnership can revoke the designation of a representative by filing IRS Form 8979.

Q: Are there any fees associated with filing IRS Form 8979?
A: No, there are no fees associated with filing IRS Form 8979.