Get Form 7036

Form 7036 is an important document used for electing the centralized partnership audit regime under the Bipartisan Budget Act of 2015. This guide provides step-by-step instructions to help users complete the form online efficiently.

Follow the steps to fill out Form 7036 accurately

1. Click ‘Get Form’ button to access the form and open it in the editor.
2. In Part I, provide the partnership name and the dates for the tax period, including the beginning and ending dates. Enter the Taxpayer Identification Number accurately in the designated field.
3. Indicate if the partnership has received notification of selection for examination by the IRS. Select the correct option based on your circumstances regarding insolvency and bankruptcy. Confirm that the partnership has sufficient assets to cover any potential imputed underpayment.
4. In Part II, designate a partnership representative. Fill in their name, address, taxpayer identification number, and contact details, including the city, state, and zip code.
5. Proceed to Part III, where you must declare under penalties of perjury that you are authorized to make the election. Fill out your name, address, city, state, zip code, and daytime telephone number. Provide your signature and the date.
6. Review the entire form for accuracy. Ensure all information is complete before proceeding to finalize the form.
7. Once all sections are filled out and verified, save your changes, then download, print, or share the form as necessary for your records or submission.

Complete your Form 7036 online today to streamline your partnership audit election process.