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e-file 1065 returns

Short period returns

In certain situations, a taxpayer might need to file a short period return before the IRS has begun accepting returns for that year or before software has been released for that year. In such cases, the current year software can be used as long as the actual beginning and ending dates of the short period are used. The return needs to reflect the laws applicable to the short year return even though the software being used was developed for a prior year return.
When a short period corporate return is being filed, in some cases the regulations require the taxpayer to attach Form 1128, provide an explanation why the short period return is being filed, or cite the applicable Revenue Procedure.
If Form 1128 is used, attach it to the top level of the return as a PDF file and describe it as:
Form 1128 for Short Period Return
.
If an explanation is required, you can submit it in the General Dependency XML document or in a PDF. Provide the regulatory citation and explanation in a General Dependency PDF file with the description:
Short Period Return Explanation
.
If the reason for a short period return isn't listed, use the General Dependency to indicate the reason why a short period return is being filed.

This article applies to:

  • Product: ONESOURCE Income Tax Express RS
  • Return type: 1065 Partnership
  • Subject: e-file

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