Answers · Partnerships · Form 1065
When Is Form 1065 Due?
Calendar-year Form 1065 is generally due March 15 and can generally be extended on Form 7004.
How it works
The rule, and what it turns on.
IRC §6698 can impose a per-partner, per-month late filing penalty even when no income tax is due at entity level.
Example
A four-partner partnership waiting on records should file Form 7004 before the original deadline.
Common mistakes
What we see go wrong, and what we do instead.
- Assuming no tax means no penalty.
A better approach
- Extend whenever records or lower-tier K-1s may be late.
Authority
Where this comes from, so you can check it.
IRC §§6072(b), 6081, 6698.
Relevant case law
United States v. Boyle, 469 U.S. 241 (1985) - reliance on an agent generally does not establish reasonable cause for
missing a known filing deadline.
Educational information, not individualized tax advice. Treatment depends on your facts, entity classification and tax year, and IRS instructions change. Confirm your own position with us before relying on it. Mint Associates does not provide legal services.
Also asked
The same question, the other ways people put it.
- What Happens if Form 1065 Is Filed Late?
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