Partnerships file an information return to report their income, gains, losses, deductions, credits, etc.
A partnership does not pay tax on its income but “passes through” any profits or losses to its partners. Partners must include partnership items on their tax or information returns.
Current Revision
Recent Developments
Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020
Form 1065 BBA Partnerships Filing Amended Returns for CARES Act Relief -- 13 - APR - 2020
Clarifications for Disregarded Entity Reporting and section 743(b) Reporting -- 26 - MAR – 2020
Micro-Captive Arrangements -- 23-MAR-2020
Corrections to the 2019 Instructions for Form 1065 -- 10-MAR-2020
Correction to 2018 Instructions for Form 1065, U.S. Return of Partnership Income -- 27 -MAR-2019
Instructional changes due to issuance of final Regulations for Qualified Business Income Deduction -- 25-Jan-2019
Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018