1065 Partnership, LP & Multi-Member LLC Tax Return

Professional preparation and filing of Form 1065 partnership tax returns for partnerships, multi-member LLCs, LPs, LLPs, and other pass-through business entities in the United States.

This service is designed for businesses requiring partnership tax return preparation, partner income allocation, Schedule K-1 preparation, and electronic filing of Form 1065 with the IRS.

Our Form 1065 tax return services may include: • Form 1065 preparation and electronic filing; • partnership tax return preparation; • multi-member LLC tax return preparation; • LP and LLP tax return preparation; • allocation of partnership income and expenses; • Schedule K-1 preparation for each member or partner; • reporting of business income, deductions, and expenses; • review of supporting tax documents and financial records.

The listed service price includes preparation of Form 1065 tax returns for businesses with up to 5 members or partners. Additional members are billed separately at $50 per member due to the increased preparation time and additional Schedule K-1 reporting requirements. For large partnerships or complex partnership structures, additional fees may apply depending on the complexity of the return. Schedule K-1 forms are prepared individually for each member for later inclusion in their personal Form 1040 tax returns.

Please note: Preparation of Form 1065 requires a completed Profit and Loss statement before tax preparation can begin.

Clients may: • upload their completed Profit and Loss statement directly through our system; or • purchase bookkeeping services separately if bookkeeping has not yet been completed.

Bookkeeping services may include: • transaction categorization; • reconciliation of bank accounts; • preparation of financial statements; • preparation of Profit and Loss reports required for tax filing.

If personal individual tax returns based on Schedule K-1 are also required for partners or members, separate Form 1040 tax return services must be purchased additionally.

After payment, clients receive: • onboarding questionnaires for each partner or member; • instructions for uploading tax forms and supporting documents; • instructions for securely submitting financial records through our system; • detailed guidance regarding required tax documents and filing requirements.