I will prepare form 1065 and schedule k1 for your partnership tax return
Professional Nonprofit Formation and Application Support
About this Gig
Are you running a multi-member LLC or business partnership? Filing your partnership tax return late or inaccurately can result in costly IRS penalties per partner, every month! Don't let compliance stress disrupt your operations.
As an experienced US tax return specialist, I provide premium tax preparation services for Form 1065 and individual Schedule K1 forms. I meticulously review your financial statements, manage profit/loss distributions, and ensure bulletproof compliance.
Why Choose My Gig?
- Expert preparation of Form 1065 and all required tax schedules.
- Accurate, error-free Schedule K1 forms issued for all business partners.
- Strategic analysis to maximize deductions and lower your legal tax bill.
- Deep compliance expertise for your multi-member LLC tax return.
- Fast, reliable, and strictly confidential financial document handling.
Stop stressing over changing IRS regulations. Let a dedicated tax expert handle your partnership tax compliance while you focus entirely on growing your business. Ensure complete peace of mind and protect your venture assets.
Contact me today, and get your partnership tax return filed perfectly now
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Other Tax Consulting Services I Offer
FAQ
Can you file Form 1065 if our multi-member LLC didn’t make any money this year?
Yes! The IRS requires a partnership tax return even if the business had zero income, provided it incurred deductible expenses or had any financial activity. Filing a domestic LLC tax return with zero income keeps your entity active and maintains its good standing.
One of our partners is a foreign resident. Does that change how you prepare our Form 1065?
Absolutely. Partnerships with non-US owners have special reporting requirements, including potential withholding taxes on effectively connected income. I will ensure all required international disclosures are attached correctly to your US tax return to keep your global partners compliant.
What happens if our business partners have different profit-sharing percentages than ownership percentages?
This is known as a "special allocation." The IRS allows it, but it must have "substantial economic effect." I will carefully review your operating agreement to ensure your Schedule K1 forms accurately reflect these specific financial arrangements.
Can you handle Section 179 or bonus depreciation for our partnership assets?
Yes. When completing your tax preparation, I look closely at fixed assets to maximize first-year write-offs via Section 179 or bonus depreciation. These deductions flow directly into each partner’s individual Schedule K1 to help lower personal tax liabilities.
Can you help if our partners made personal capital contributions or withdrawals during the year?
Yes. I track and reconcile every partner's capital account (Item L on the Schedule K1). It is crucial to report these capital changes accurately to ensure the balance sheet on your Form 1065 reconciles perfectly with IRS standards.
My partnership was dissolved mid-year. Do I still use this gig to file a tax return?
Yes. A dissolved partnership must file a final US tax return. I will mark your Form 1065 and Schedule K1 distributions as "Final Return" to officially notify the IRS that the partnership tax entity is closed, preventing future late-filing notices.
What is the difference between an LLC tax return filed as a Sole Proprietor vs a Partnership?
A single-member LLC files on Schedule C of a personal return. A multi-member LLC defaults to a partnership and must file a separate Form 1065 information return, generating a Schedule K1 for each member to pass the tax liability through.

