The IRS issued new guidance allowing partnerships to provide Schedule K-1 electronically to partners who give their consent. The guidance describes (1) how a partner’s consent can be provided electronically through secure email or the partnership’s internet page, (2) addresses how partners are to be informed about changes in software, (3) defines how the partnership is to provide access and printing instructions for electronic statements, and (4) identifies the partnership’s responsibility if the electronic Schedule K-1 is undeliverable. A Schedule K-1 furnished on a website must be retained on the website for the later of twelve months following the end of the partnership’s tax year to which it relates or six months after the date of issuance. News Release 2012-21; Rev. Proc. 2012-17, 2012-10 IRB .