Fort Chicago Energy Partners L.P. is a publicly traded limited partnership. Unitholders are partners in the Partnership and are entitled to receive cash distributions. A partnership generally is not subject to federal or provincial income tax. The annual income gains, losses, deductions or credits of the Partnership flow through to the Unitholders who are required to report their allocated share of these amounts on their individual tax returns as though the Unitholder had incurred these items directly. The Partnership agreement allocates these amounts annually to holders of units based on their entitlement to receive distributions from the Partnership at the end of each calendar quarter, or at the end of each month, if the Partnership chooses to make distributions on a monthly basis.
In March, Unitholders of Record receive a T5013 and, if applicable, a Releve 15 tax form that summarize their allocated share of the Partnership's reportable tax items for the calendar year ended December 31, and certain information required to be included in their tax returns. Only the amounts shown on the T5013 and, if applicable, a Releve 15 should be entered on each Unitholder's tax returns.
To assist Unitholders and Brokers with preparing their 2009 tax return, the Partnership has prepared the following general information:
