Partnership Tax Returns
Home – Tax Services – Partnership Tax Returns
Form 1065
$1,500+
per tax return
- Federal Tax Return (Form 1065)
- State Tax Return
- Municipal Tax Return
- Pass-Through Entity Tax (PTET)
- Estimated Tax Payments
- Audit & Notice Support
Pricing is based on the complexity of the return.
Form 1065 Preparation Services
Partnerships offer unmatched flexibility in tax structuring, but that flexibility comes with complexity. Maintaining partner capital accounts, tracking basis, and allocating income correctly can be challenging (especially compared to S-Corporations, which require equal distributions, or C-Corporations, which do not track shareholder basis at all.)
At Bennett Accounting & Tax LLC, we specialize in partnership tax returns and Form 1065 preparation. Our CPA team ensures your partnership’s capital accounts, allocations, and filings are handled accurately and submitted on time, so you stay compliant while taking full advantage of the flexibility partnerships provide.
Questions & Answers
We provide tax preparation services for corporations (including S-Corporations), partnerships, limited liability companies, limited liability partnerships, not-for-profits, and sole proprietors.
Generally, you will need to provide an income statement and balance sheet for your business. If these documents are not prepared, or are no sufficient quality to be prepared, then additional fees may apply for our team to clean up your books.
Partnerships do not generally pay federal income tax because they are pass-through entities. This means that items of income and loss are passed through the business down to the owners, who report their share of income on their individual taxes.
S-Corporations do not generally pay federal income tax because they are pass-through entities. This means that items of income and loss are passed through the business down to the owners, who report their share of income on their individual taxes.
Yes. C-Corporations are subject to a federal income tax rate of 21 percent.
Corporate and partnership returns are generally due on the 15th of March, except for when that date falls on a weekend.
Upon filing an extension, these returns are generally due on the 15th of September, except for when that date falls on a weekend.
Yes. Our team can assist you in all state and local tax matters for your business. Whether it is state income tax, municipal income tax, or sales tax, we are here to support you and your business.
Yes. Please see our page on tax planning.
All tax returns are reviewed by a Certified Public Accountant before being presented to you. You are required to review the business's return before it can be electronically filed.
Yes. If your business has a presence in multiple states, we can support you and prepare an accurate tax return.
Remote Tax Preparation!
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