- Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, the general tax rates applicable to net capital gains for
individuals have
been reduced. The new gains rates also apply to qualified dividends under new section 1(h)(11). The new rates apply to capital
gains (including
installment payments) occurring on or after May 6, 2003, and to all qualified dividends received after December 31, 2002.
Schedules K and K-1 have
been revised to take into account the partners' shares of these gains and dividends.
- The instructions for line 6 of Form 1065 and line 25 of Schedule K-1 have been revised to change how dispositions of property
are reported
if the partnership passed through a section 179 expense deduction to any of its partners for the property.
Photographs of Missing Children
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
missing children
selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
If the partnership has attempted to deal with an IRS problem unsuccessfully, it should contact the Taxpayer Advocate. The
Taxpayer Advocate
independently represents the partnership's interests and concerns within the IRS by protecting its rights and resolving problems
that have not been
fixed through normal channels.
While the Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted
from previous
contacts and ensure that the partnership's case is given a complete and impartial review.
The partnership's assigned personal advocate will listen to its point of view and will work with the partnership to address
its concerns. The
partnership can expect the advocate to provide:
- A “fresh look” at a new or ongoing problem.
- Timely acknowledgement.
- The name and phone number of the individual assigned to its case.
- Updates on progress.
- Timeframes for action.
- Speedy resolution.
- Courteous service.
When contacting the Taxpayer Advocate, the partnership should provide the following information:
- The partnership's name, address, and employer identification number.
- The name and telephone number of an authorized contact person and the hours he or she can be reached.
- The type of tax return and year(s) involved.
- A detailed description of the problem.
- Previous attempts to solve the problem and the office that had been contacted.
- A description of the hardship the partnership is facing (if applicable).
The partnership may contact a Taxpayer Advocate by calling a toll-free number, 1-877-777-4778. Persons who have access to TTY/TDD
equipment may call 1-800-829-4059 and ask for the Taxpayer Advocate. If the partnership prefers, it may call, write, or fax
the Taxpayer Advocate
office in its area. See Pub. 1546, The Taxpayer Advocate Service of the IRS, for a list of addresses and fax numbers.
How To Get Forms and Publications
You can access the IRS website 24 hours a day, 7 days a week at www.irs.gov to:
- Order IRS products online.
- Download forms, instructions, and publications.
- See answers to frequently asked tax questions.
- Search publications online by topic or keyword.
- Send us comments or request help by email.
- Sign up to receive local and national tax news by email.
You can also reach us using file transfer protocol at ftp.irs.gov.
Order Pub. 1796, 2003 Federal Tax Products CD-ROM, and get:
- Current year forms, instructions, and publications.
- Prior year forms, instructions, and publications.
- Frequently requested tax forms that may be filled in electronically, printed out for submission, and saved for recordkeeping.
- The Internal Revenue Bulletin.
Buy the CD-ROM on the Internet at www.irs.gov/cdorders from the National Technical Information Service (NTIS) for $22 (no handling fee),
or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the CD-ROM for $22 (plus a $5 handling fee).
You can order forms and publications 24 hours a day, 7 days a week, by calling 1-800-TAX-FORM (1-800-829-3676). You can also get most
forms and publications at your local IRS office.
