Publication 1524 - U.s. Return Of Partnership Income - Department Of Treasury - 2003 Page 38
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46SECTION 12
DISTRIBUTION OF COPIES
PARTICIPANT’S The participant (preparer) must keep a copy of the Form 1065
COPY
return, Schedules K-1/Form 8308 and Form 8453-P, U.S.
Partnership Declaration and Signature for Electronic Filing. The
copy of the electronic return may be kept on computer media.
CLIENT’S
The participant should advise clients to keep copies of all materials
COPY
filed with the Ogden Submission Processing Center. The copy of
the electronic return can be a copy of the official forms or in a
format designed by the participant, in which each data item refers
to the line entries on the official forms. The copy can be on
computer media. The computer media copy must be composed
carefully to avoid violating disclosure rules.
NOTE: Anyone who receives a copy will be given ONLY the
information he or she is entitled to receive.
ELECTRONIC
The participant (Transmitter) should keep a copy of the Electronic
ACK
Acknowledgment (ACK) (See Section 7, Acknowledgment
Process) received from the Ogden Submission Processing Center
for three (3) months to facilitate inquiries. If the participant is also
the paid preparer or the partnership, the normal retention periods
for tax return information applies, as specified in the Internal
Revenue Code.
PARTNERSHIP
If the participant and the partnership are not the same, the
COPIES
participant must give the partnership a copy of all materials that are
described above and filed with IRS for the partnership.
IRS COPIES
The participant must give IRS access to all materials that the
participant must keep to comply with these procedures.
Publication 1524
October 31,2003
31
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