How to File Form 1065 Online for Multi-Member LLCs (Step-by-Step)

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In this video, I go over how to file Form 1065 online for a multi member LLC in a clear, step by step way so you are not guessing at tax rules, hoping your numbers are right, or stressing about IRS letters showing up months later. This walkthrough is made for partnership owners who feel unsure about K 1s, ownership percentages, or what the IRS actually looks for, and it will help you avoid the common filing mistakes that lead to penalties and delays.

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Be sure to watch this video until the end because I’ll show you how tools like Northwest, LegalZoom, and ZenBusiness can keep your LLC records clean, your EIN correct, and your IRS notices under control so Form 1065 becomes a yearly routine instead of a crisis. You will see how to line up your operating agreement with your K 1s, how to keep your address and EIN consistent, and how to stay ahead of deadlines so you are not hit with expensive per partner penalties.
 
If you have been searching for a simple Form 1065 tutorial for multi member LLCs, this video will walk you through partnership tax return filing, Schedule K and Schedule K 1 preparation, required documents, and real examples of how formation tools and registered agent services help. You will learn how a solid operating agreement, accurate EIN setup, and organized bookkeeping make your partnership return easier, help you report income and deductions correctly, and reduce the chance of IRS issues when you file Form 1065 online.

For more information on LLCs and business formation, check out our other videos:

LLC Oversights That’ll Cost You Money (and How to Avoid Them):
   • LLC Oversights That’ll Cost You Money (and...  

Should You Make an LLC or S Corp in 2025?:
   • Should You Make an LLC or S Corp in 2025?  

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Thanks for watching, and I hope you have a wonderful rest of your day!

– Erin

#LLC #MultiMember #LLCFormation

Timeline:
0:00 - Why Form 1065 Is Critical
0:42 - What Form 1065 and K-1s Are
2:14 - What You Need Before Filing
3:25 - Common Form 1065 Mistakes
4:38 - EIN and Identity Mismatch Issues
6:16 - Keeping IRS Records Organized
8:14 - Operating Agreement Problems
9:59 - Step 1: Enter LLC Information
14:45 - Step 2: Report Income
15:33 - Step 3: Report Expenses
16:46 - Step 4: Complete Schedule K
17:52 - Step 5: Prepare Schedule K-1s
18:39 - Step 6: File Form 1065
19:18 - Deadlines and Penalties
20:03 - Final Recap and Resources

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In addition, we are not financial advisors. LLC Deals does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.