IRS Publication 541 — Partnerships

Form, Return, or Statement Use this to— 1099-A, B, C, INT, K, LS, LTC, MISC, NEC, OID, R, S, and SA.

Important. Every partnership must file Forms 1099-MISC or 1099-NEC if, in the course of its trade or business, it makes payments of rents, commissions, or other fixed or determinable income (see section 6041) totaling $600 or more to any one person during the calendar year. Report the following.

• Acquisitions or abandonments of secured property.

• Proceeds from broker and barter exchange transactions.

• Cancellation of debts.

• Interest income.

• Payment card and third-party network transactions.

• Acquisition of a life insurance contract, or interest therein, in a reportable policy sale.

• Payments of long-term care and accelerated death benefits.

• Miscellaneous income.

• Nonemployee compensation

• Original issue discount.

• Distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts, etc.

• Proceeds from real estate transactions.

• Distributions from an HSA, Archer MSA, or Medicare Advantage MSA. 5471—Information Return of U.S. Persons With Respect to Certain Foreign Corporations A partnership may have to file Form 5471 if it:

• Controls a foreign corporation,

• Acquires or owns 10% or more of the total combined voting power or value of shares of all classes of stock, or

• Disposes of sufficient stock to reduce its interest to less than 10% of the total combined voting power or value of shares of all classes of stock. 5713—International Boycott Report Report operations in, or related to, a boycotting country, company, or national of a country and to figure the loss of certain tax benefits. The partnership must give each partner a copy of the Form 5713 filed by the partnership if there has been participation in, or cooperation with, an international boycott. 8275—Disclosure Statement Disclose items or positions, except those contrary to a regulation, that aren’t otherwise adequately disclosed on a tax return. The disclosure is made to avoid the parts of the accuracy-related penalty imposed for disregard of rules or substantial understatement of tax. Also use Form 8275 for disclosures relating to preparer penalties for understatements due to unrealistic positions or disregard of rules. 8275-R—Regulation Disclosure Statement Disclose any item on a tax return for which a position has been taken that is contrary to Treasury regulations. 8288, 8288-A, and 8288-C—U.S. Withholding Tax Return for Certain Dispositions by Foreign Persons; Statement of Withholding on Certain Dispositions by Foreign Persons; and Statement of Withholding Under Section 1446(f)(4) on Dispositions by Foreign Persons of Partnership Interests Report and send withheld tax on the sale of U.S. real property or the transfer of certain partnership interests by a foreign person. See sections 1445 and 1446(f), and the related regulations, for additional information. 8300—Report of Cash Payments Over $10,000 Received in a Trade or Business Report the receipt of more than $10,000 in cash or foreign currency in one transaction or a series of related transactions. 8308—Report of a Sale or Exchange of Certain Partnership Interests Report the sale or exchange by a partner of all or part of a partnership interest where any money or other property received in exchange for the interest is attributable to unrealized receivables or inventory items. 8594—Asset Acquisition Statement Under Section 1060 Report a sale of assets if goodwill or going concern value attaches, or could attach, to such assets. Both the seller and buyer of a group of assets that makes up a trade or business must use this form. 8621—Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund Report an ownership interest in, make elections for, and compute inclusions with respect to passive foreign investment companies and qualified electing funds. 8697—Interest Computation Under the Look-Back Method for Completed Long-Term Contracts Figure the interest due or to be refunded under the look-back method of section 460(b) (2) on certain long-term contracts that are accounted for under either the percentage of completion-capitalized cost method or the percentage of completion method. Partnerships that aren’t closely held use this form. 8804, 8805, and 8813—Annual Return for Partnership Withholding Tax (Section 1446); Foreign Partner’s Information Statement of Section 1446 Withholding Tax; and Partnership Withholding Tax Payment Voucher (Section 1446) Use Forms 8804 and 8805 to figure and report the withholding tax on foreign partners’ allocable shares of ECTI. Form 8804 must also be filed to report effectively connected gross income allocable to foreign partners even if the partnership has no ECTI on which to withhold. Use Form 8813 to send installment payments of withheld tax based on ECTI allocable to foreign partners.

Exception: PTPs don’t file these forms. They must instead withhold tax on distributions to foreign partners and report and send payments using Forms 1042 and 1042-S. See Regulations section 1.1446-4 for more information. 8832—Entity Classification Election Publication 541 (12-2025) 31