This draft of Schedule C (Form

1065) contains proposed changes

for tax year 2008. We invite you to
email comments on the changes
to: Judith.A.McNamara@irs.gov.
 2
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SCHEDULE C Additional Information for Schedule M-3 Filers OMB No. 1545-0099
(Form 1065)
Department of the Treasury
Internal Revenue Service
Name
©

f
Attach to Form 1065. See separate instructions.

o
2008
Employer identification number

a s 7
At any time during the tax year, were there any transfers between the partnership and its partners subject to the
Yes No

t 0
disclosure requirements of Regulations section 1.707-8? If “Yes,” attach a statement providing information about

f
the transfers

a 2 0
At any time during the tax year, did any individual or entity meet both of the following conditions?

r /
a The individual or entity owned an interest of 50% or more, directly or indirectly, in the profit, loss, or capital of

D /30
the partnership.
b The individual or entity owned 50% or more, directly or indirectly, in any corporation, any other partnership
(including an entity treated as a partnership), or any trust required to file a U.S. income tax return or a return of
income

or entity referred to in b above.

Name of entity
Name of entity 0 7
For rules of attribution, see sections 267(c) and 707(b). If “Yes,” identify those other entities owned by the individual

EIN
EIN

3 Do the amounts reported on Schedule M-3, Part II, lines 7 or 8, column (d), reflect allocations to this
partnership from another partnership of income, gain, loss, deduction, or credit that are disproportionate to
this partnership’s capital contribution to such partnership or its ratio for sharing other items of such
partnership?

4 At any time during the tax year, did the partnership sell, exchange, or transfer any interest in an intangible
asset to a related person as defined in Regulations section 1.6038B-2(i)(4)?

5 At any time during the tax year, did the partnership acquire any interest in an intangible asset from a related
person as defined in Regulations section 1.6038B-2(i)(4)?

6a During the tax year, did the partnership enter into a cost-sharing agreement with any related foreign party on
whose behalf the partnership did not file Form 8865, Return of U.S. Persons WIth Respect to Certain Foreign
Partnerships?
b At any time during the tax year, was the partnership a participant in a cost-sharing agreement with any related
foreign party on whose behalf the partnership did not file Form 8865?

7 At any time during the tax year, did the partnership make any change in accounting principle for financial
accounting purposes?

8 At any time during the tax year, did the partnership make any change in a method of accounting for U.S.
income tax purposes?
For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Cat. No. 49945S Schedule C (Form 1065) 2008

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