Who this is for
- US partnerships with UK-based partners
Business Tax
Partnership returns (Form 1065, K-1)
US partnership returns including K-1s for each partner, with attention to international allocations.
Overview
Why this filing matters
US partnership returns including K-1s for each partner, with attention to international allocations.
Note — US partnerships with UK-based partners.
What you get
- Form 1065 preparation
- K-1 generation & distribution
- International schedules where applicable
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn’t disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it’s the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year’s return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your partnership returns (form 1065, k-1)
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
- 01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
- 02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
- 03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
- 04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
Partnership return (Form 1065): from £1,500 + VAT for a standard partnership with up to 3 partners. Additional partners, international allocations, and Section 754 adjustments are priced separately.
FAQs
Common questions about Partnership returns (Form 1065, K-1)
When does a partnership need to file 1065?
Any US partnership (general, limited, or LLP taxed as a partnership) with US-effectively-connected income. Deadline is 15 March, extendable to 15 September via Form 7004.
How are K-1s delivered to partners?
Electronically or by post after the 1065 is filed. Partners use K-1s to complete their personal returns. A partner's US tax treatment depends on both the character of the income and their own residency.
What if a partner is non-US?
Withholding on effectively-connected income applies (Forms 8804 / 8805 / 1042-S for FDAP). Complex, commonly missed — and the partnership, not the partner, is liable for getting the withholding right.
Can partnerships elect out of the BBA audit regime?
Yes, if the partnership has ≤100 partners and all are eligible (individuals, C-Corps, S-Corps, estates — but not partnerships or trusts as partners). Most small partnerships elect out annually to preserve partner-level audit mechanics.
Ready to get this filed?
Tell us your situation and we'll confirm scope, a fixed fee, and the documents we need — usually within one business day.