For more information, see Form 8975, Schedule A (Form 8975), and the instructions for Form 8975 and Schedule A (Form 8975).ĭisaster relief. The first required reporting period for an ultimate parent entity is the 12-month reporting period that begins on or after the first day of a tax year of the ultimate parent entity that begins on or after June 30, 2016. multinational enterprise group for the tax year in or within which the reporting period covered by Form 8975 ends. Form 8975 and its Schedules A (Form 8975) must be filed with the income tax return of the ultimate parent entity of a U.S. multinational enterprise group with annual revenue for the preceding reporting period of $850 million or more are required to file Form 8975. persons that are the ultimate parent entity of a U.S.
The filing address for partnerships located in some states has changed. See the Instructions for Form 5472 for additional information about reporting required by the domestic DE.Īddress change for filing returns. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, if a foreign partnership wholly owns a domestic DE, the domestic DE is treated as a domestic corporation separate from its owner (the foreign partnership) for the limited purposes of the requirements that apply to certain foreign-owned domestic corporations under section 6038A. Principle Business Activity Codes.The Principal Business Activity Codes, located at the end of these instructions, have been updated and revised to reflect updates to the North American Industry Classification System (NAICS).įoreign partnerships with wholly owned domestic disregarded entities (DEs). Beginning in 2017, any partner of a partnership or a member of a limited liability company may sign the return. The partnership return must be signed by a partner. Form 1065-B and its instructions will be obsolete after 2017. Public Law 114-74, Title XI, section 1101(b), repealed the electing large partnership rules for partnership tax years beginning after 2017.
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