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Businesses

Form 1065

The yearly return for partnerships and multi-member LLCs

Due

March 15

Who files

Businesses

Source

IRS page for Form 1065 →
Facts on this page come from IRS.gov (the Form 1065 page was last updated by the IRS Jul 20, 2026); read by TaxScout Oct 22, 2026.

Who files Form 1065

Partnerships file Form 1065 as an information return to report their income, gains, losses, deductions and credits. The partnership itself does not pay income tax but passes profits and losses through to its partners. LLCs classified as partnerships, including a domestic LLC with at least two members that does not file Form 8832, file the same way.

When it is due

March 15 for calendar-year filers.

Due by the 15th day of the 3rd month after the tax year ends. If that day is a weekend or legal holiday, filing on the next business day is on time, so calendar-year 2025 returns may be filed by March 16, 2026. Form 7004 requests an extension and must be filed by the regular due date.

What the IRS says

  • A partnership does not pay tax on its income but passes profits or losses through to its partners. Source
  • Schedule K-1 (Form 1065) reports each partner's share of income, deductions and credits, and a K-1 for each partner is attached to Form 1065. Source
  • A domestic LLC with at least two members that does not file Form 8832 is classified as a partnership. Source
  • The penalty is $340 for each Schedule K-1 not given to a partner when due. Source

Preparers who say they handle Form 1065

Each city page lists firms whose own website names this return. TaxScout read those sites; it does not rank firms by payment.

Charlotte, NC15 firmsRaleigh, NC9 firmsBoston, MA5 firmsCambridge, MA3 firmsAsheville, NC3 firmsHolmdel, NJ3 firms

What preparers charge

Massachusetts · Form 1065 (partnership)$580
North Carolina · Form 1065 (partnership)$840
New Jersey · Form 1065 (partnership)$919

Average fees reported by preparers in the National Society of Accountants 2020-2021 Income and Fees Survey, State Averages (published 2020). Fees today are likely higher; ask the firm for its own quote.

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Common questions

Who files Form 1065?

Partnerships file Form 1065 as an information return to report their income, gains, losses, deductions and credits. The partnership itself does not pay income tax but passes profits and losses through to its partners. LLCs classified as partnerships, including a domestic LLC with at least two members that does not file Form 8832, file the same way.

When is Form 1065 due?

March 15 for calendar-year filers. Due by the 15th day of the 3rd month after the tax year ends. If that day is a weekend or legal holiday, filing on the next business day is on time, so calendar-year 2025 returns may be filed by March 16, 2026. Form 7004 requests an extension and must be filed by the regular due date.

Do I need a CPA for Form 1065?

Not always. A CPA, an Enrolled Agent or another paid preparer with a PTIN can prepare it. Firms listed for this form say on their own websites that they handle it; TaxScout does not rank them by payment.

Related forms

All forms →
Form 7004 · More time to file a business returnWith its return

Not tax advice. TaxScout is not the IRS. Due dates and thresholds above are quoted from the IRS pages linked next to them and change from year to year; the IRS instructions for your tax year control.