Form 1065-B

Form 1065-B

A form that a large partnership files with the IRS stating its profits, losses, deductions, and credits, as well as its partners' shares of the same. While Form 1065-B may be used to pay some minor taxes, most partnerships do not pay taxes directly and the tax liability is passed through to each partner. Companies that may be required to file Form 1065-B include general partnerships, limited partnerships, and limited liability companies.
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These forms, generally, are due to the IRS on the same date as Form 1065 or Form 1065-B.
Form 1065-B filers must furnish their partners with Schedules K-1 by the first March fifteenth following the partnership's tax year close.
Persons with Respect to Certain Foreign Corporations" by the due date of Form 1065 or Form 1065-B.
This six-month extension may apply to additional returns that partnerships may be required to file by the due date of their Forms 1065 or 1065-B, but it does not affect the due date for partnerships filing Form 1065-B to furnish their partners with Schedules K-1.
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 changed the date by which a partnership must file its annual return, Form 1065 or Form 1065-B.
The new deadlines are included in the instructions for Form 7004, instructions for Form 1065 and the instructions for Form 1065-B.
The final regulations provide that electing large partnerships, which file Form 1065-B, U.
This due date applies even if the partnership requests an extension of time to file the Form 1065-B by filing Form 7004.
The due date of March 15 applies even if the partnership requests an automatic three-month extension to file the Form 1065-B by filing Form 8736 or Form 8800.