Several updates and corrections to the 2018 Instructions for Form 1065 are being made, as follows. (1) On page 6, the late filing penalty should be $200 (not $210) per month for each month or part of a month the failure to file continues. (2) On page 27, the paragraph headed "Taxpayer identification numbers (TINs) of partnership representatives and designated individuals" is not valid. Instead, on Form 1065, under Designation of Partnership Representative, taxpayers may enter all 0s (examples: 00-0000000 or 000-00-0000) for the TIN of the partnership representative (PR) or designated individual (DI). A preparer tax identification number (PTIN) or centralized authorization file (CAF) number may not be used as a TIN to designate a PR or DI. (3) On page 30, under Item L. Partner's Capital Account Analysis, the partnership is instructed that if it reports other than tax basis capital accounts to its partners on Schedule K-1 in Item L, and tax basis capital, if reported on any partner's Schedule K-1 at the beginning or end of the tax year would be negative, the partnership must report on line 20 of Schedule K-1, using code AH, each partner's beginning and ending shares of tax basis capital, and this is in addition to the required reported in Item L of Schedule K-1. See Notice 2019-20 PDF.