Form 1065Business Returns
U.S. Return of Partnership Income
Information return for partnerships. Reports income, deductions, gains, losses. Partnership itself pays no federal income tax; profits flow to partners via Schedule K-1.
Who Files This Form
General partnerships, multi-member LLCs (default), and LLPs
Due Date
March 15 (or next business day), one month before personal return deadline
Important Notes
Late filing penalty is $245 per partner per month. File Form 7004 for an automatic 6-month extension.
Related Forms
Schedule K-1 (Form 1065)Schedule B-1Form 1065 Schedule M-1
Official IRS Source
Always download the current version and instructions from the IRS website before filing.
Educational Reference Only: This is general information about Form 1065, not tax advice. Form instructions change annually. Always download the current version from irs.gov and read the official instructions. Consult a qualified tax professional for your specific situation. Read full disclaimer →