If the partnership is subject to the rules for consolidated audit proceedings in sections 6221 through 6234, the partnership can designate a partner as the Tax Matters Partner (TMP) for the tax year for which the return is filed. The designated TMP must be a general partner, and in most cases, also must be a U.S. citizen.
For a limited liability company (LLC), only a member manager of the LLC is treated as a general partner. A member manager is any owner of an interest in the LLC who, alone or together with others, has exclusive authority to make the management decisions necessary to conduct the business for which the LLC was formed.
To designate a Tax Matters Partner, from the Main Menu of the Tax Return (Form 1065) select:
- Schedule B – Other Information
- Additional Other Information
- Tax Matters Partner Name/ Tax Matters Partner Address / Tax Matters Partner Phone Number