Form 1065 Partnership Tax Return Preparation

Expert preparation of your partnership's federal tax return with guaranteed accuracy, on-time filing, and maximum deductions.

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⏰ Form 1065 Deadline Alert

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Complete Form 1065 Preparation Service

Everything needed for accurate, compliant partnership tax filing

Return Preparation

Comprehensive preparation of all required forms and schedules

  • Form 1065 main return
  • Schedule K income allocation
  • Schedule L balance sheet
  • Schedule M-1 reconciliation
  • All required supplemental schedules
K-1 Distribution

Accurate partner allocations and timely distribution

  • Schedule K-1 for each partner
  • Special allocation calculations
  • Basis tracking statements
  • Electronic or paper delivery
  • Partner tax planning guidance
Compliance & Filing

Complete compliance with IRS requirements

  • E-filing with IRS
  • Extension filing if needed
  • State return coordination
  • Confirmation of acceptance
  • Copy for your records

Our Streamlined 1065 Preparation Process

From documents to filed return in 5 simple steps

Document Collection

We provide a customized checklist and secure portal for uploading your partnership's financial documents and prior year return.

Return Preparation

Our team prepare your Form 1065, ensuring all deductions are captured and allocations are properly calculated.

Partner K-1 Generation

We prepare accurate K-1s for all partners, including basis calculations and special allocation details.

Review & Approval

You review the complete return package. We explain any questions and make revisions as needed.

E-Filing & Distribution

We e-file with the IRS and distribute K-1s to all partners with instructions for their personal returns.

📋 Documents Needed for Form 1065 Preparation

  • Prior year Form 1065 and K-1s
  • Financial statements or QuickBooks access
  • 1099s received and issued
  • Partner contribution/distribution details
  • Partnership agreement
  • Bank and credit card statements
  • Fixed asset purchases/sales
  • Loan documents and interest statements

Transparent Form 1065 Pricing

Fair-fee pricing based on partnership complexity

Partnership Type Partners Complexity Starting Price
Simple Partnership 2-3 partners Single state, standard allocations $800
Standard Partnership 4-10 partners Multiple states, some special allocations $1,500
Complex Partnership 11-25 partners Multi-state, complex allocations $2,500
Large Partnership 26+ partners Multi-tier, institutional investors Custom Quote

* Prices include Form 1065, all K-1s, and e-filing. State returns additional.

Special Partnership Situations We Handle

📊 Complex Allocations

Special allocations, guaranteed payments, preferred returns, and carried interest calculations handled with precision.

🌎 Multi-State Partnerships

Composite returns, withholding requirements, and state K-1 variations for partnerships operating across state lines.

🏢 Real Estate Partnerships

Cost segregation, depreciation recapture, 1031 exchanges, and tenant-in-common structures.

💼 Investment Partnerships

Hedge funds, private equity, venture capital with complex fee structures and waterfall distributions.

🏥 Professional Service Firms

Law firms, medical practices, and consulting firms with unique compensation structures.

🌍 Foreign Partners

Withholding requirements, Forms 8804/8805, and treaty benefits for international partners.

Don't Risk Late Filing Penalties

Get your Form 1065 prepared by experts who guarantee accuracy and on-time filing

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Form 1065 Frequently Asked Questions

Common questions about S-Corp taxation and our services

When is Form 1065 due?

Form 1065 is due March 15th for calendar-year partnerships. An automatic 6-month extension is available to September 15th, but K-1s should still be distributed timely to avoid partner issues.

What are the penalties for late filing?

The penalty is $235 per partner per month (or partial month) for returns filed late, up to 12 months. This can add up quickly - a 5-partner firm faces $1,175/month in penalties.

Do single-member LLCs file Form 1065?

No, single-member LLCs are disregarded entities and report on the owner's personal return. Only multi-member LLCs taxed as partnerships file Form 1065.

When do partners receive K-1s?

K-1s should be distributed by March 15th so partners can file their personal returns on time. We prioritize K-1 distribution to prevent delays in partner filings.

Can you amend a previously filed 1065?

Yes, we can prepare amended returns to correct errors or claim missed deductions. Amended returns require filing amended K-1s to all partners.

Do partnerships pay income tax?

No, partnerships are pass-through entities. The partnership files an information return (1065), but partners pay tax on their share of income on their personal returns.