PAR: Final Federal Adjustments: Partnership-level Audit and Administrative Adjustment Report (2024)
Maine · Maine Revenue Services · Used for tax years 2024
Maine Form PAR reports a partnership’s final federal adjustments from an IRS audit or administrative adjustment request. It records adjustments allocated to partners and calculates the resulting Maine tax due or overpayment.
Who files this form
Form PAR reports final federal adjustments at the partnership level. The form lists these situations:
- The partnership was subject to an IRS audit.
- The entity is a tiered partner of a partnership subject to an IRS audit.
- The partnership filed an administrative adjustment request (AAR).
Check each box that applies. The supplied form does not give complete rules for who must file.
What you'll need
The form says attachments are required and refers to the instructions. No instructions were supplied, so the required attachments cannot be identified from this text.
Have the information requested on the form ready, including:
- The partnership’s name, entity type, EIN, address, and tax period.
- State partnership representative identification and contact information.
- The reviewed year, adjustment year, federal final determination date, and IRS audit control number, if applicable.
- Net positive and net negative final federal adjustments, allocations by partner category, and the Maine apportionment factor for the reviewed year.
- Prepayments and any applicable interest and penalty.
If claiming a credit for tax paid to another jurisdiction, complete the worksheet on page 4. Use a separate worksheet for each jurisdiction.
How to file
- Enter the partnership and representative information, and check each applicable audit or adjustment box.
- Complete the adjustment calculations for the applicable partner categories and the tax due or overpayment calculation.
- Include the required attachments. The form refers to instructions for attachment details, but those instructions were not supplied.
- Have the state partnership representative sign and date the return.
- Pay any tax due in full with the return. Make a check payable to Treasurer, State of Maine.
The form warns that electronic payment may be required and refers to the instructions or MRS Rule 102. The supplied text does not provide a mailing address or e-filing directions.
Common mistakes
- Leaving out attachments: The form states that attachments are required.
- Using negative amounts where absolute values are requested: Enter the absolute value of net negative adjustments on lines that request it.
- Claiming a credit when line 6a is negative: If line 6a is less than zero, enter it as a negative and enter zero on line 6b.
- Combining jurisdictions on one credit worksheet: Compute each jurisdiction’s credit separately. For multiple jurisdictions, line 6b is limited to the smallest of the combined worksheet credits, line 5d, or line 6a.
- Entering an overpayment incorrectly: If line 6f is negative, skip to line 8 and enter its absolute value. Leave line 8 blank if line 6f is positive.
- Overlooking payment requirements: Tax due must be paid in full with the return, and electronic payment may be required.
Questions people ask
Who signs Form PAR?
The state partnership representative signs and dates the return. The signature declaration covers the return and accompanying schedules and statements.
Can the partnership claim a credit for tax paid to another jurisdiction?
The form provides a worksheet for this credit. If applicable, complete it and enter the allowable credit on line 6b. Otherwise, enter zero on line 6b.
What if tax was paid to more than one other jurisdiction?
Complete a separate credit worksheet for each jurisdiction. Enter on line 6b the smallest of the total worksheet credits, the amount on line 5d, or the amount on line 6a.
How does the form handle an overpayment?
If line 6f is negative, enter its absolute value on line 8 as the overpayment to be refunded.
Who should a payment check be made payable to?
Make the check payable to Treasurer, State of Maine. The form says to pay in full with the return and notes that electronic payment may be required.