Get the free Form 9248 (Rev. 8-2009). Agreement to Extend the Time to File a Petition for Adjustm...

Department of the Treasury Internal Revenue Service Form 9248 (Rev. August 2009) Agreement to Extend the Time to File a Petition for Adjustment by the Tax Matters Partner With Respect to Partnership

How to fill out form 9248 rev 8-2009

How to fill out form 9248 rev 8-2009

1. To fill out form 9248 rev 8-2009, follow these steps:
2. Start by reading the instructions on the form carefully.
3. Gather all the required information and documents before you begin filling out the form.
4. Enter your personal information accurately in the designated fields, such as your name, address, and contact details.
5. Provide information about the purpose of filling out the form and any relevant background information.
6. Fill out the specific sections of the form according to your circumstances. These sections may include financial information, employment details, or any other relevant details.
7. Double-check all the information you have entered to ensure accuracy and completeness.
8. Sign and date the form as required.
9. Make copies of the filled-out form and any supporting documents for your records.
10. Submit the completed form and any supporting documents to the appropriate authority or organization as instructed.

Who needs form 9248 rev 8-2009?

1. Form 9248 rev 8-2009 is needed by individuals who
2. Are required to provide specific information or documentation for a particular purpose.
3. Are seeking some form of official approval, authorization, or permission.
4. Are applying for a specific program, benefit, or service that requires the completion of this form.
5. Have been instructed to fill out this form by a relevant authority or organization.
6. It is essential to consult the specific instructions or guidelines provided with the form to determine if you need to fill out form 9248 rev 8-2009.

People Also Ask about

Who can be the tax matters partner?

Under the law, a partnership may only designate a general partner as its tax matters partner. If no general partner is designated, the tax matters partner is the general partner having the largest profits interest in the partnership at the close of the taxable year involved (largest-profits-interest rule).

What is a Tefra partner?

In 1982, Congress enacted the Tax Equity and Fiscal Responsibility Act (TEFRA) partnership audit procedures to establish a unified process for determining tax attributable to partnership items. Under TEFRA, adjustments to partnership items were determined in a single proceeding conducted at the partnership level.

What is IRS Form 8986?

Form 8986 is used by the audited partnership to push out imputed underpayments to its partners. Form 8986 can also be used to track the flow-through of changes due to an administrative adjustment request (AAR) filed by the partnership.

What is a final partnership administrative adjustment?

The Final Partnership Administrative Adjustment (FPAA) is similar to a statutory notice of deficiency except that it shows only the determined treatment of partnership items rather than a tax deficiency.

Who is a designated tax matters partner?

Under the law, a partnership may only designate a general partner as its tax matters partner. If no general partner is designated, the tax matters partner is the general partner having the largest profits interest in the partnership at the close of the taxable year involved (largest-profits-interest rule).

Who is the tax matters partner in Tefra?

Tax Matters Partner (TMP) Under the TEFRA unified proceedings, a statutory representative acts as the liaison between the partners, the Service, and the courts. That person is referred to as the Tax Matters Partner (TMP) in the case of a TEFRA partnership .

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What is form 9248 rev 8?

Form 9248 rev 8 is a tax form used for reporting information regarding foreign financial accounts.

Who is required to file form 9248 rev 8?

U.S. persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file form 9248 rev 8.

How to fill out form 9248 rev 8?

Form 9248 rev 8 can be filled out by providing information about the foreign financial accounts owned or controlled by the filer.

What is the purpose of form 9248 rev 8?

The purpose of form 9248 rev 8 is to report foreign financial accounts to the Internal Revenue Service (IRS) to ensure compliance with U.S. tax laws.

What information must be reported on form 9248 rev 8?

Form 9248 rev 8 requires the reporting of the maximum value of each foreign financial account during the reporting period, as well as information about the account itself.