Form 1065 Support

Streamline Partnership Tax Compliance with Expert Back-Office Support

Managing Form 1065 compliance and accurate Schedule K-1 distributions for multi-member LLCs, LLPs, and general partnerships requires a high level of technical expertise. For CPA firms and tax practices, managing a high volume of complex partnership returns during peak season can overwhelm internal teams and squeeze profit margins.

At OBG Outsourcing, we provide scalable, high-quality, and secure Form 1065 tax preparation support services. We act as an extension of your back office, freeing your core team to focus on client advisory and growth while we handle the data-heavy compliance work.

Our Comprehensive Form 1065 Support Services

We handle every layer of the partnership return preparation process, ensuring accuracy, consistency, and compliance with the latest IRS guidelines. Our services include:

Bookkeeping & Trial Balance Clean-up: Reviewing and reconciling profit and loss statements, balance sheets, and general ledgers to ensure tax readiness.

M-1 and M-3 Reconciliations: Expert handling of book-to-tax differences, including temporary and permanent differences, depreciation adjustments (Section 179/MACRS), and non-deductible expenses.

Schedule K and K-1 Preparation: Accurate allocation of income, deductions, credits, and self-employment earnings to each partner based on the partnership agreement.

Capital Account Tracking: Meticulous maintenance of partner capital accounts (using tax-basis capital reporting as required by the IRS).

State and Local Tax (SALT) Compliance: Preparing composite returns, state-specific partnership filings, and handling state K-1 requirements across multiple jurisdictions.

Multi-Tiered Partnership Structure Support: Managing complex fund and real estate structures, including upper-tier and lower-tier allocations.

Why Outsource Your Partnership Returns to OBG Outsourcing?

Boost Capacity & Profitability: Eliminate the seasonal hiring bottleneck. Scale up your return processing capacity without the overhead costs of full-time, in-house employees.

Expert Tax Preparers: Our tax professionals are thoroughly trained in U.S. tax laws, IRC provisions, and major tax software platforms (UltraTax, Drake, ProConnect, Lacerte, CCH Axcess, etc.).

Uncompromised Data Security: We maintain rigid data protection measures, including secure servers, multi-factor authentication, and strict compliance with ISO and GDPR standards to ensure your clients’ financial data remains confidential.

Fast Turnaround Times: Our efficient global delivery model ensures accurate draft returns are delivered back to your team within 24 to 48 hours, giving you ample time for review.

Dual-Layer Quality Review: Every return goes through a strict review process by a senior tax reviewer before it is sent back to your firm, minimizing errors and IRS notices.

How We Work with Your CPA Firm

Secure Document Upload: You upload the client’s source documents (QuickBooks files, previous year returns, partnership agreements, etc.) to our secure portal.

Preparation & Analysis: Our tax experts analyze the data, reconcile book-to-tax variances, and prepare the Form 1065 along with Schedule K-1s.

Quality Review: A senior tax manager reviews the draft return against our exhaustive quality checklist.

Client Review & Final Sign-off: We deliver the draft and working papers back to your firm via the tax software or secure drive. Your team conducts the final review and files it with the IRS.

Ready to Optimize Your Tax Season?

Let OBG Outsourcing handle the heavy lifting of Form 1065 compliance so you can focus on building stronger client relationships.

[Contact Our Tax Experts Today for a Free Pilot Project]