Form 8985 is used by partnerships to track amounts of imputed underpayments pushed out to partners under section 6226.

Form 8985 is used to summarize and transmit Forms 8986, Partner's Share of Adjustment (s) to Partnership-Related Item (s), by an audited partnership, administrative adjustment request …

Form 8985 (December 2024) Author: SE:W:CAR:MP Subject: Pass-Through Statement Transmittal/Partnership Adjustment Tracking Report \(Required Under Sections 6226 and …

2020年6月1日 · Form 8985: An audited partnership, an AAR partnership, or a passthrough partner uses Form 8985, Pass-Through Statement — Transmittal/Partnership Adjustment …

2020年1月1日 · New Form 8985-V will be used by passthrough partners making certain tax payments related to a BBA partnership AAR or exam push-out. These new forms, once …

2022年12月8日 · A pass-through partner that receives a Form 8986 must submit Form 8985 and Form 8986 to the IRS and furnish a Form 8986 to each owner or beneficiary no later than the …

2024年6月1日 · For tax years beginning in 2018 and after, partnerships subject to the BBA regime that seek to adjust a partnership-related item reflected on an original Form 1065 or Schedule K …

Form 8985 is used to summarize and transmit Forms 8986, Partner's Share of Adjustment(s) to Partnership-Related Item(s), by an audited partnership, administrative adjustment request …

If the pass-through partner is paying the imputed underpayment, it must pay the amount and file Form 8985 with the IRS. If the pass-through partner is pushing out the adjustments, it must …