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FixinToFile
Level 3

If a partnership (multi-member LLC) dissolved in Aug. 2019, it needs to file a final return by 12/15/19. How can I file a return if the 2019 forms are not yet available?

 
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tagteam
Level 15

If a partnership (multi-member LLC) dissolved in Aug. 2019, it needs to file a final return by 12/15/19. How can I file a return if the 2019 forms are not yet available?

You could have filed an extension (Form 7004), but it needs to be timely filed and the return was due by the 15th day of the 3rd month following the date the LLC's tax year ended.

 

See https://www.irs.gov/instructions/i1065#idm140538038386032

 

You can use the 2018 Form 1065 provided the 2019 Form 1065 is not available by the time the LLC is required to file its return (which it is not) and you incorporate any tax law changes that are effective for tax years beginning after 2018.

 

See https://www.irs.gov/instructions/i1065#idm140538038374016

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tagteam
Level 15

If a partnership (multi-member LLC) dissolved in Aug. 2019, it needs to file a final return by 12/15/19. How can I file a return if the 2019 forms are not yet available?

You could have filed an extension (Form 7004), but it needs to be timely filed and the return was due by the 15th day of the 3rd month following the date the LLC's tax year ended.

 

See https://www.irs.gov/instructions/i1065#idm140538038386032

 

You can use the 2018 Form 1065 provided the 2019 Form 1065 is not available by the time the LLC is required to file its return (which it is not) and you incorporate any tax law changes that are effective for tax years beginning after 2018.

 

See https://www.irs.gov/instructions/i1065#idm140538038374016

View solution in original post

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