Rev. April 2015
Form 921-P is a consent form for partnerships and Limited Liability Companies allowing the use of estimated future common expense allowance for real estate sales under contract. Taxpayers, represented by Tax Matters Partners or authorized persons, can extend the assessment period for income tax due with regard to this tax treatment. The document outlines conditions including tax year covered, project description, and signature instructions.
Form 921-P is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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