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What is Form 1065 used for?

Form 1065 is the annual federal tax return for partnerships and multi-member LLCs taxed as partnerships. It reports the entity's income, deductions, gains, and losses to the IRS for the year, and it generates the Schedule K-1s that each partner uses when filing their own personal return. The partnership itself does not pay income tax on this return. The income passes through to the individual partners.

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Check your EIN confirmation letter (CP 575) first. If that is gone, look at a previously filed tax return, a business bank account application, or any 1099 you have issued. Your bank or your payroll provider will also have it on file.

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