Partnership returns with K-1s your partners can use.
Form 1065 returns and Schedule K-1s for multi-member LLCs taxed as partnerships, with allocations agreed before filing.
What this service covers.
A multi-member LLC is usually taxed as a partnership by default. The entity files Form 1065 and issues a Schedule K-1 to each partner.
Allocations, capital accounts and state filing requirements need to be consistent. We prepare the return and the K-1s together.
The work we handle for you.
Every engagement is quoted on a fixed scope, so you know exactly what is covered before we begin.
- Form 1065 preparation
- Schedule K-1 issuance
- Partner allocation and capital account review
- State partnership return coordination
- Filing deadline tracking
Often arranged alongside this.
Partnership returns (Form 1065) questions
Does an LLC file Form 1065?
A multi-member LLC taxed as a partnership does. A single-member LLC generally does not.
When are K-1s due?
K-1s are provided alongside the partnership return so partners can file their own returns on time.
Can partners be non-residents?
Yes, but non-resident partners have additional filing obligations and withholding considerations.