Business Tax · Partnership
Partnership Tax Preparation in Raleigh, NC
Form 1065 preparation, partner K-1s, and basis tracking for partnerships and multi-member LLCs — coordinated with each partner's own return.
Most multi-member LLCs are partnerships by default
A multi-member LLC is taxed as a partnership unless you've elected otherwise — which means a 1065 and K-1s for every member, even if nobody thinks of the business as a “partnership.” We handle the return and the coordination with each partner's personal return that follows it.
What's Involved
What we handle for a partnership client
1065 Preparation
The partnership return itself, plus a K-1 for every partner, prepared by the CPA who already has your books.
Partner Allocations
Profit, loss, and special allocations split the way your operating agreement actually says — not a simple percentage guess.
Guaranteed Payments
Payments to partners for services or capital, handled correctly so they don't get miscoded as a distribution.
Capital Account & Basis Tracking
What each partner can deduct and what happens when they exit depends on a number we track continuously, not reconstruct at filing time.
Partnership Questions
Frequently Asked Questions
What partners ask before their first joint return.
Get a fixed-fee quote for your partnership return
Answer a few questions about your business. You'll have a tailored, fixed-fee quote from Andrew within one business day.