New Conditions for Filing the Partnership Information Return
On January 1, 2011, changes were made to the administrative policy that determines whether a partnership is required to file an information return. New conditions were added concerning:
- the total combined value of the revenue and expenses of the partnership
- the value of the partnership’s assets
- the partnership’s membership in another partnership
- the type of partners in the partnership
For more information, go to Responsibilities of the members of the partnership.