U.S. Partnership Return
This is the form 1065 return required for a multi-member LLC which has not elected another tax status. It is an informational return in which the partnership reports income but does not pay taxes. The owners pay taxes according to the K-1 they receive, reflecting their share of the profits or losses.
This is the form 1065 return required for a multi-member LLC which has not elected another tax status. It is an informational return in which the partnership reports income but does not pay taxes. The owners pay taxes according to the K-1 they receive, reflecting their share of the profits or losses.