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Entering the Tax Matters Partner (TMP) in the Partnership or S-Corporate Module

by Intuit• Updated 2 months ago

How do I designate the Tax Matters Partner (TMP) in the Partnership module?
How do I designate the Tax Matters Partner (TMP) in the S-Corporate module?

Note: The Form 1065 'Designation of Tax Matters Partner' has been replaced with 'Designation of Partnership Representative' for Tax Year 2018.

  1. Go to Screen 7, Partner Information, and note the number assigned to the partner in the Partner section
    • Note: If the partner has not been added to the Partnership return, then add the partner in  Partner Information, Screen 7.
  2. Go to Screen 1, Client Information.
  3. Scroll down to the Miscellaneous Info section.
  4. Enter the number of the Partner identified in Step 1 in the field Partnership Rep Partner # field.
  1. Go to Screen 3, Miscellaneous Information.
  2. Scroll down to the Designation of Partnership Representative section.
  3. Enter the applicable information in the following fields within the subsection Partnership Representative if NOT a Partner:
    • Name (code 810)
    • Street address (code 811)
    • City (code 812)
    • State (code 813)
    • Zip Code (code 814)
    • ID Number (code 815)
    • Telephone number (code 816)

Note: Use Screen 71 Partnership Representative (8879) to complete Form 8879 as needed.  If completing Schedule B-1 to elect out of the centralized partnership audit regime, do not enter partnership representative information.

  1. Go to Screen 3, Miscellaneous Information.
  2. Scroll down to the Designation of Partnership Representative section.
  3. Enter the applicable information in the following fields within the subsection If Partnership Representative is an Entity (NOT an Individual), Designated Individual's Information:
    • Name (code 800)
    • Street address (code 801)
    • City (code 802)
    • State (code 803)
    • Zip Code (code 804)
    • ID Number (code 805)
    • Telephone number (code 808)

Note: Use Screen 71 Partnership Representative (8879) to complete Form 8879 as needed.  If completing Schedule B-1 to elect out of the centralized partnership audit regime, do not enter partnership representative information.

The Tax Matters Partner information will appear on Form 1065, page 3 and includes the following information lines:

  • Name of designated TMP
  • Identifying number of TMP
  • If the TMP is an entity, name of TMP representative
  • Phone number of TMP
  • Address of designated TMP

Follow these steps to designate a partner as the Tax Matters Partner (TMP): (2017 and Prior)

  1. Go to Screen 7, Partner Information, and note the number assigned to the partner in the Partner section
    • Note: If the partner has not been added to the Partnership return, then add the partner in  Partner Information, Screen 7.
  2. Go to Screen 1, Client Information.
  3.  Scroll down to the Miscellaneous Info section.
  4. Enter the number for the partner, noted from Step 1 above, in the Tax Matters Partner# field.
    • Note: Only one partner may be entered as the Tax Matters Partner.

Follow these steps if the Tax Matters Partner is an entity:

  1. Go to Screen 3, Miscellaneous Information.
  2.  Within the Miscellaneous Information section, locate the field for If (TMP) tax matters partner is an entity, enter name of TMP representative (code 800).

The Tax Matters Partner (TMP) is a mandatory entry.  Although the federal program no longer uses this entry, some states use this field for the individual to contact for tax matters.

Follow these steps to designate a shareholder as the Tax Matters Partner (TMP):

  1. Go to Screen 5, Shareholder Information, and note the number assigned to the shareholder in the Shareholder section
    • Note: If the shareholder has not been added to the S-Corporate return, then add the shareholder in Shareholder Information, Screen 5.
  2. Go to Screen 1, Client Information.
  3.  Scroll down to the Miscellaneous Info section.
  4. Enter the number for the shareholder, noted from Step 1 above, in the TMP Shareholder # field.
    • Note: Only one partner may be entered as the Tax Matters Partner.

Diagnostics:

Partnership: The Tax Matters Partner # entered in Screen 1, Client Information, is not a valid partner.  Please select a valid partner number from Screen 7, Partner Information. (ref. #10441)

Lacerte Tax 2017Lacerte Tax 2018Lacerte Tax 2023

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