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Form 1065

The US partnership return, filed yearly by a multi-member LLC, with a Schedule K-1 for each owner showing their share.

The short answer, then the detailChecked September 2026

The detail

What it means in practice.

A multi-member LLC that hasn't elected otherwise is a partnership for US tax. It files Form 1065 by 15 March for a calendar year, reporting its income and giving each member a Schedule K-1. If the partnership has income effectively connected with a US trade or business, it withholds tax on its foreign partners' shares and reports that on Forms 8804 and 8805. Most foreign-owned service LLCs have no such income.

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