Notice Of Election To Participate {12}

Form 12 - NOTICE OF ELECTION TO PARTICIPATE (Action for Readjustment of Partnership Items) (See Rule 245.). This form is used by a partner in a partnership to elect to participate in a Tax Court case involving a readjustment of partnership items. Filed under section 6226(c)(2) of the Internal Revenue Code and Rule 245(b) of the Tax Court Rules of Practice and Procedure, it officially documents the partner's decision to participate in the case. The form includes the names of the petitioner and respondent, the docket number, and requires the partner's and their counsel's contact information. The partner must satisfy the requirements of section 6226(d), confirming they were a partner during the relevant period and that the tax attributable to the partnership items may be assessed against them. www.FormsWorkflow.com