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BLOG: IRS Publishes New Form 8981 and Form 8984
Caplin & Drysdale

BLOG: IRS Publishes New Form 8981 and Form 8984

Date: 3/19/2019

Form 8981, Waiver of the Period Under IRC Section 6231(b)(2)(A) and Expiration of the Period for Modification Submissions Under IRC Section 6225(c)(7), and Form 8984, Extension of the Taxpayer Modification Submission Period Under Section 6225(c)(7), released March 14 to reflect changes to partnership audit rules under the 2015 BBA.

Form 8981 allows the partnership representative to waive the restriction on mailing the notice of final partnership adjustment (FPA) described in tax code Section 6231(b)(2)(A). Form 8984 is used to request an extension of the 270-day modification submission period. Both forms become effective or final when the form is countersigned by the IRS.

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