RP-2019-32: Six-Month Extension to File Form 1065 and Furnish Schedules K-1 Granted to Eligible Partnerships

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July 25, 2019

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Issue Number: RP-2019-32

Inside This Issue

Revenue Procedure 2019-32 grants an extension of time to eligible partnerships to file a superseding Form 1065, U.S. Return of Partnership Income, and furnish a corresponding Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., to each of its partners.

This relief only applies to partnerships that, for the applicable taxable year: (1) have not elected out of the centralized partnership audit regime, (2) have timely filed Form 1065, and (3) have timely furnished all Schedules K-1 required to be furnished (without regard to the extensions of time provided by this revenue procedure).

It will appear in IRB 2019-33 dated Aug. 12, 2019.

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