Multi-Member LLC Tax Filing

Multi-Member LLC Tax Filing

When your LLC has multiple members, the IRS treats it as a partnership by default, requiring a Form 1065 (U.S. Return of Partnership Income) to be filed annually. Each member also receives a Schedule K-1 reporting their share of the LLC's income, deductions, and credits.

What's Included

• Preparation and filing of Form 1065 (U.S. Return of Partnership Income)
• Schedule K-1 preparation for each member
• State partnership return filing (if applicable)
• Review of operating agreement for allocation provisions
• Tax planning consultation for partnership distributions

Why Choose Us

Multi-member LLCs have unique tax considerations that differ significantly from single-member entities. Our team has extensive experience navigating the complexities of partnership taxation, ensuring proper allocation of income and deductions among members while maintaining full compliance with federal and state requirements.

Timeline

Form 1065 is due by March 15th each year (or the 15th day of the 3rd month after the tax year ends). We recommend engaging our services at least 6 weeks before the deadline to ensure timely filing.