Description
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.
