The IRS has released Partners Instructions for Schedule K-1 also known as Form 1065. They are asking for your review and comments on the new Form. Use the Comment on Tax Forms and Publications web form to provide feedback on the content of new Form 1065. Although the IRS cannot respond individually to each comment, they do appreciate your feedback and will consider all comments submitted.
Now is the time to provide your comments on the Form 1065 and suggest changes to this newly updated form.
We also appreciate your commentary below to help other tax practitioners.