Form 1065 BBA Partnerships Filing Amended Returns for CARES Act Relief

 

Notice: Historical Content


This is an archival or historical document and may not reflect current law, policies or procedures.

For tax years beginning in 2018 or 2019, BBA partnerships which filed Form 1065 and furnished all required Schedules K-1 prior to the issuance of Revenue Procedure 2020-23 PDF may amend those returns by filing Form 1065, checking the "Amended return" box, and furnish corresponding amended Schedules K-1 prior to September 30, 2020. This will allow partnerships and their partners to benefit from the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, without waiting to file Administrative Adjustment Requests (AARs) for the current year, which would otherwise be required under section 6227. See Revenue Procedure 2020-23 PDF for more information.