IRS Form 1065 Schedule B-2 "Election out of the Centralized Partnership Audit Regime"

What Is IRS Form 1065 Schedule B-2?

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 December 1, 2018. As of today, no separate filing guidelines for the form are provided by the IRS.

Form Details:

  • A 5-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
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Download IRS Form 1065 Schedule B-2 "Election out of the Centralized Partnership Audit Regime"

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SCHEDULE B-2
Election Out of the Centralized
(Form 1065)
Partnership Audit Regime
OMB No. 1545-0123
(December 2018)
Attach to Form 1065 or Form 1066.
Department of the Treasury
Go to www.irs.gov/Form1065 for instructions and the latest information.
Internal Revenue Service
Name of Partnership
Employer Identification Number (EIN)
Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual,
a C corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased
partner. For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of
any S corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the
partnership are eligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the
instructions, including the instructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.
Part I
List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation
Type of Eligible
Name of Partner
Taxpayer Identification Number (TIN)
Partner (Code)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Continued on Part IV
Part II
List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and
separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other
Name of
S Corporation Partner
TIN of Partner
Type of Person
Name of Shareholder
Shareholder TIN
(Code)
1
2
3
4
5
6
7
8
9
10
11
12
Continued on Part V
Part III
Total Number of Schedules K-1 Required To Be Issued. See instructions.
1
Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership
.
.
.
.
1
2
Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners .
2
3
Total. Add line 1 and line 2 .
3
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.
Cat. No. 69658K
Schedule B-2 (Form 1065) (12-2018)
SCHEDULE B-2
Election Out of the Centralized
(Form 1065)
Partnership Audit Regime
OMB No. 1545-0123
(December 2018)
Attach to Form 1065 or Form 1066.
Department of the Treasury
Go to www.irs.gov/Form1065 for instructions and the latest information.
Internal Revenue Service
Name of Partnership
Employer Identification Number (EIN)
Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual,
a C corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased
partner. For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of
any S corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the
partnership are eligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the
instructions, including the instructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.
Part I
List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation
Type of Eligible
Name of Partner
Taxpayer Identification Number (TIN)
Partner (Code)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Continued on Part IV
Part II
List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and
separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other
Name of
S Corporation Partner
TIN of Partner
Type of Person
Name of Shareholder
Shareholder TIN
(Code)
1
2
3
4
5
6
7
8
9
10
11
12
Continued on Part V
Part III
Total Number of Schedules K-1 Required To Be Issued. See instructions.
1
Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership
.
.
.
.
1
2
Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners .
2
3
Total. Add line 1 and line 2 .
3
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.
Cat. No. 69658K
Schedule B-2 (Form 1065) (12-2018)
2
Schedule B-2 (Form 1065) (12-2018)
Page
Name of Partnership
Employer Identification Number (EIN)
Part IV
Continuation of List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation
E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation
Type of Eligible
Name of Partner
TIN
Partner (Code)
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
Schedule B-2 (Form 1065) (12-2018)
3
Schedule B-2 (Form 1065) (12-2018)
Page
Name of Partnership
Employer Identification Number (EIN)
Part IV
Continuation of List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation
E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation
Type of Eligible
Name of Partner
TIN
Partner (Code)
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Schedule B-2 (Form 1065) (12-2018)
4
Schedule B-2 (Form 1065) (12-2018)
Page
Name of Partnership
Employer Identification Number (EIN)
Part V
Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate
Part II and separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other
Name of
S Corporation Partner
TIN of Partner
Type of Person
Name of Shareholder
Shareholder TIN
(Code)
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
Schedule B-2 (Form 1065) (12-2018)
5
Schedule B-2 (Form 1065) (12-2018)
Page
Name of Partnership
Employer Identification Number (EIN)
Part V
Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate
Part II and separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other
Name of
S Corporation Partner
TIN of Partner
Type of Person
Name of Shareholder
Shareholder TIN
(Code)
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
Schedule B-2 (Form 1065) (12-2018)