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Thanks for the reply RobertB

BTW just as a warning to anyone that isn't aware of this facet of dissolving a Partnership (or LLC). A CPA some time back told me this and it amazed me. I really don't understand why the IRS requires this. Especially for Partnerships and LLCs since all that income is passed through to each member and that tax isn't due until the following year's 1040s are filed.
But since they do require it why they don't stress more obvious in their instructions about the expensive fines accruing monthly if you don't comply. Here's the thing.
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* Partners (or Members) need to think carefully about when they really need to dissolve a Partnership or LLC. And if they don't have to dissolve sooner then they should put the XXXX, ending date (at top of Form 1065) as Year ending Dec 30, XXXX. This is because the IRS requires the partnership (or LLC) to file a final 1065 return based on date of dissolution. That means the partnership’s tax year ends on its date of termination, and it must file its final 1065 return by the 15th day of third month after that date. NOT the standard March 15 as a normal calendar yr 1065 due date.
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Say if they put on June 13, XXXX ending date (at top of Form 1065 or any date prior to Dec 30, XXXX) then the IRS requires the partnership's 1065 filed by the 15th day of third month after that date.
And if they fail to file by the above said date then the fines are expensive for each member accruing each month. The CPA told me about partnerships that filed their own 1065 late and it cost them several thousands in late filing fees because not knowing about this requirement and penalties they put an early ending date on their (then late) Form 1065
I looked online at,
https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business
I pasted this right off their page
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You must file Form 1065, U.S. Return of Partnership Income, for the year you close your business.
When you file, you must:
Report capital gains and losses on Schedule D (Form 1065).
Check the “final return” box (it’s near the top of the front page of the return, below the name and address).
Check the “final K-1” box on Schedule K-1 PDF.
You may also need to file these other forms with your Form 1065:
Form 4797, Sales of Business Property, for each year your partnership sells or exchanges property used in the business. You also need to file this form if closing your business causes business use of an eligible property under Section 179 to drop to 50% or less.
Form 8594, Asset Acquisition Statement, if you sell your business.
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That's it, just says for the year you close. That's easy to misunderstand if all you've ever done is file the 1065 by March 15 the following year.
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I really had to search over several IRS links before I found this.
https://www.irs.gov/instructions/i1065#en_US_2024_publink11392vd0e711
Termination of the Partnership
A partnership terminates when all its operations are discontinued and no part of any business, financial operation, or venture is continued by any of its partners in a partnership.
The partnership’s tax year ends on the date of termination which is the date the partnership winds up its affairs. Special rules apply in the case of a merger, consolidation, or division of a partnership. See Regulations sections 1.708-1(c) and (d) for details. Also see IRS.gov/newsroom/questions-and-ans[product key removed]ical-terminations-internal-revenue-code-irc-sec-708.
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I saw nothing about the expensive monthly fines of hundreds per month or anything related to filing an extension for filing the 1065. NOR did it state the obvious solution of just keeping the LLC open until December 30. If for no other reason than just waiting till all the forms and software are available for the current tax year. Anyhow just seemed pretty incredulous to me.