Partnership
Expert Partnership & LLC Tax Preparation for Oregon and Washington
At Premier Tax & Resolution LLC, we specialize in preparing and filing Form 1065 Partnership Tax Returns and corresponding state filings with precision, transparency, and year-round guidance.
What Is Form 1065?
Form 1065 reports a partnership’s income, deductions, credits, and other financial information to the IRS. The partnership itself generally doesn’t pay income tax, and losses “pass through” to the partners, who report them on their individual returns using Schedule K-1.
Because every K-1 must reconcile perfectly with the entity’s books and partner agreements, even minor mistakes can cause IRS mismatches or penalties. Our licensed professionals make sure that never happens.
Our Partnership Tax Services
We prepare and e-file returns for:
- LLCs taxed as partnerships
- Multi-member professional firms
- Real estate and investment partnerships
- Joint ventures and family partnershipsracy.
Each engagement includes:
- Preparation of Form 1065 and required schedules
- Partner basis tracking and capital account reconciliation
- Income, deduction, and distribution allocations per your agreement
- Schedule K-1 preparation for each partner
- Review of carryovers and depreciation schedules
- Electronic filing of federal and Oregon/Washington returns
Why Professional Preparation Matters
Partnership returns are among the most scrutinized by the IRS because of their complexity. We help you avoid common pitfalls such as:
- Improper profit-loss allocations
- Missing or inaccurate partner basis records
- Unreported guaranteed payments
- Failure to file or late-filed K-1s
- Inconsistent state apportionment reporting
State and Local Compliance
Operating across Oregon and Washington adds layers of complexity, different filing thresholds, apportionment rules, and entity-level taxes. We handle:
- Oregon CAT (Corporate Activity Tax) and state partnership returns
- Washington B&O and city-level business filings
- Local tax filings for Portland, Multnomah County, and Vancouver WA
Secure, Virtual, and Local
Through our encrypted client portal, you can securely upload partnership financials, review draft returns, and e-sign from anywhere.
We proudly serve partnerships and LLCs throughout Vancouver, Ridgefield, Camas, Beaverton, Portland, Lake Oswego, and surrounding communities.
Why Businesses Choose
Premier Tax & Resolution
Licensed Expertise
Work directly with an IRS Enrolled Agent (EA) and Oregon LTC.
Small-Business Focus
We understand owner-operated companies and multi-state filings.
Ethical & Transparent
No hidden fees or outsourced prep, ever.
Year-Round Support
Ongoing consultation to help plan, not just file.