Form Investor Reporting of Tax Shelter Registration Number OMB No. 1545-0881

(Rev. July 1998) © Attach to your tax return.

Attachment

Sequence No. 71 Department of the Treasury

Internal Revenue Service © If you received this form from a partnership, S corporation, or trust, see the instructions.

Investor’s name(s) shown on return Investor’s identifying number Investor’s tax year ended

(b) Tax Shelter Registration

Number (11-digit number)

(c) Tax Shelter

Identifying Number (a) Tax Shelter Name

1

2

3

4

5

6

7

8

9

10

General Instructions

Who Must File

Filing Form 8271

A pass-through entity that is the

registration-required tax shelter does not

have to prepare Form 8271 and give

copies to its partners, shareholders, or

beneficiaries unless the pass-through

entity itself has invested in a

registration-required tax shelter.

A pass-through entity that has invested

in a registration-required tax shelter

must furnish copies of its Form 8271 to

its partners, shareholders, or

beneficiaries.

Note: Even if you have an interest in a

registration-required tax shelter, you do

not have to file Form 8271 if you did not

claim or report any deduction, loss,

credit, or other tax benefit, or report any

income on your tax return from an

interest in the registration-required tax

shelter. This could occur, for example, if

for a particular year you are unable to

claim any portion of a loss because of

the passive activity loss limitations, and

that loss is the only tax item reported to

you from the shelter.

Purpose of Form

However, in the case where (a) the

pass-through entity acquired at least a

50% interest in one tax year in a

registered tax shelter (and in which it

had not held an interest in a prior year),

and (b) the investment would not meet

the definition of a tax shelter

immediately following the acquisition if it

had been offered for sale at that time,

the pass-through entity need not

distribute copies of Form 8271 to its

investors. The pass-through entity alone

is required to prepare Form 8271 and

include it with the entity tax return.

In certain cases, a tax shelter that

does not expect to reduce the

cumulative tax liability of any investor

during the 5-year period ending after the

date the investment is first offered for

sale may be considered a “projected

income investment.” Such a tax shelter

will not have to register, and thus not

have to furnish a tax shelter registration

number to investors, unless and until it

ceases to be a projected income

investment. It is possible, therefore, that

you may not be furnished a tax shelter

registration number, and not have to

report it, for several years after you

purchase or otherwise acquire your

interest in the tax shelter. If you are later

furnished a tax shelter registration

number because the tax shelter ceased

to be a projected income investment,

follow these instructions. However, you

must file Form 8271 only for tax years

ending on or after the date the tax

shelter ceases to be a projected income

investment.

Note: A tax shelter registration number

does not indicate that the tax shelter or

its claimed tax benefits have been

reviewed, examined, or approved by the

IRS.

Form 8271 (Rev. 7-98)

8271

Cat. No. 61924F

Use Form 8271 to report the tax shelter

registration number the IRS assigns to

certain tax shelters required to be

registered under section 6111

(“registration- required tax shelters”) and

to report the name and identifying

number of the tax shelter. This

information must be reported even if the

particular interest is producing net

income for the filer of Form 8271. Use

additional forms to report more than 10

tax shelter registration numbers.

Attach Form 8271 to any return on

which a deduction, loss, credit, or other

tax benefit is claimed or reported, or any

income reported, from an interest in a

registration-required tax shelter. These

returns include applications for tentative

refunds (Forms 1045 and 1139) and

amended returns (Forms 1040X and

1120X).

Any person claiming or reporting any

deduction, loss, credit, or other tax

benefit, or reporting any income on any

tax return from an interest purchased or

otherwise acquired in a registrationrequired tax shelter must file Form 8271.

If you are an investor in a partnership or

an S corporation, look at item G,

Schedule K-1 (Form 1065), or item C,

Schedule K-1 (Form 1120S). If a tax

shelter registration number or the words

“Applied for” appear there, then the

entity is a registration-required tax

shelter. If the interest is purchased or

otherwise acquired by a pass-through

entity, both the pass-through entity and

its partners, shareholders, or

beneficiaries must file Form 8271.

Furnishing Copies of Form

8271 to Investors

Specific Instructions

Investor’s Identifying

Number

Investor’s Tax Year Ended

Enter the social security number or

employer identification number shown

on the return to which this Form 8271 is

attached.

Enter the date the tax year ended for the

return to which this Form 8271 is

attached.

A $250 penalty will be charged for each

failure to include a tax shelter

registration number on a return on which

it is required to be included unless the

failure is due to reasonable cause.

Penalty For Not Including

Registration Number on

Return

Section references are to the Internal

Revenue Code.
Form 8271 (Rev. 7-98) Page 2

If the person from whom you

purchased or otherwise acquired an

You must be given the tax shelter

registration number at the time of your

purchase or acquisition of an interest in

a registration-required tax shelter or (if

later) within 20 days after the seller or

transferor receives the registration

number. The seller or transferor of the

interest in the tax shelter must give you

the tax shelter registration number in a

written statement that also provides the

other information needed to complete

columns (a) and (c) of Form 8271.

If you acquired your interest in the tax

shelter from a pass-through entity that

has invested in a tax shelter, the entity

must give you a copy of its Form 8271.

The copy of the entity’s Form 8271

contains the information needed to

complete columns (a) through (c) of your

Form 8271.

Columns (a) Through (c)

Enter the name, the 11-digit tax shelter

registration number, and the identifying

number of the tax shelter in the columns

provided.

Paperwork Reduction Act Notice. We

ask for the information on this form to

carry out the Internal Revenue laws of

the United States. You are required to

give us the information. We need it to

ensure that you are complying with

these laws and to allow us to figure and

collect the right amount of tax.

The time needed to complete and file

this form will vary depending on

individual circumstances. The estimated

average time is:

Recordkeeping 7 min.

Learning about

the law or the form 7 min.

Preparing the form 17 min.

Copying, assembling,

and sending the form

to the IRS 14 min.

If you have comments concerning the

accuracy of these time estimates or

suggestions for making this form

simpler, we would be happy to hear from

you. See the instructions for the tax

return with which this form is filed.

You are not required to provide the

information requested on a form that is

subject to the Paperwork Reduction Act

unless the form displays a valid OMB

interest in the tax shelter notifies you

that a registration number has been

applied for, but has not yet been

received, enter “Applied for” in column

(b). Also enter in column (b) the name of

the person who has applied for

registration of the tax shelter, and

complete columns (a) and (c). This

notification must be in a written

statement that includes the information

you need to complete columns (a)

through (c). If you have not received any

notification, enter “No notification” in

column (b) and complete columns (a)

and (c) if you have this information.

control number. Books or records

relating to a form or its instructions must

be retained as long as their contents

may become material in the

administration of any Internal Revenue

law. Generally, tax returns and return

information are confidential, as required

by section 6103.