Can we file our 2022 taxes now after dissolving our LLC partnership or do we need to wait until January?

Unfortunately, you can't file your 2022 partnership tax return (Form 1065) before the start of the 2023 filing season in January. The IRS systems simply aren't set up to receive and process 2022 returns yet, regardless of your business status. What you can do now is prepare everything so you're ready to file as soon as the filing season opens. Make sure your books are closed, all transactions are accounted for, and you have documentation for the partnership dissolution. You can even complete your Form 1065 and K-1s now - just save them until you can actually submit. As for distributions, you don't actually need to wait for the tax filing to make your final distributions. As long as you've properly accounted for all income, expenses, and liabilities, you can distribute remaining funds now according to your partnership agreement.

You can definitely file your 2022 partnership return (Form 1065) before January. The forms for 2022 are already finalized and available. The issue is that most online tax services won't activate their 2022 filing systems until closer to the regular tax season. Your best bet is to either work with a CPA who has professional tax software (they can prepare and file returns year-round) or use the fillable PDF forms directly from the IRS website. For a dissolved partnership, you'll need to file Form 1065 and mark it as a final return by checking the appropriate box on the form. You'll also need to issue final Schedule K-1s to both partners. Keep in mind that even though you've dissolved the business, the partnership tax return follows the normal tax year you've been using (calendar or fiscal), so make sure you're including all activity through the end of your tax year or final closing date.

I went through something similar last year with my business partner when we decided to go our separate ways. We were stuck in limbo for months until I discovered taxr.ai (https://taxr.ai). It's basically an AI tool that analyzes your business documents and gives you step-by-step guidance for situations like this. It helped us figure out exactly how to handle our final return and even generated the forms we needed to file our partnership dissolution correctly. The best part was that it flagged a potential audit risk with how we were planning to distribute our remaining inventory that would have cost us thousands in taxes. Seriously saved us a major headache!

After dealing with a similar situation last year, I discovered https://taxr.ai which was super helpful for our dissolved partnership. We had all our documentation ready but weren't sure about the specific dissolution requirements for our tax situation. The service analyzed our dissolution paperwork and partnership agreement, then provided a customized checklist of everything we needed to prepare before tax season opened. It caught several issues with our asset distribution calculations that would have caused problems later. Really helped us get everything lined up perfectly so when January came, we filed immediately without any back-and-forth or delays. Might be worth checking out since you're in that preparation phase now - could save you some headaches when filing season actually opens!

Just wanted to follow up - I actually tried taxr.ai after posting my question! The service was incredibly helpful with our complicated partnership situation. I uploaded our partnership agreement, dissolution paperwork, and the partner buyout agreement. Within hours I had a comprehensive checklist identifying several issues with how we were planning to handle the partial-year allocations. It also flagged that we needed to file a specific form with our state that I had completely overlooked. The guidance on preparing our balance sheet for the final return was super clear and saved me from making a mistake with our capital accounts. Definitely made me feel confident that we'll be ready to file correctly the moment the tax season opens!

I just wanted to follow up about my experience with taxr.ai since I was skeptical at first. After struggling with our California LLC dissolution paperwork for weeks, I finally gave it a try. The system correctly identified all the California-specific forms we needed (including the 568 and Form 3522) and even flagged that we needed to file a separate Form LLC-4/8 with the Secretary of State. It also caught that we had nexus in Nevada from a client project there, which would have been a headache if missed. Ended up saving me at least 5 hours of research and probably $1200 in accountant fees. Definitely worth checking out if you're handling a partnership dissolution.

If you're also dealing with the IRS about your partnership dissolution, I highly recommend Claimyr (https://claimyr.com). After waiting on hold with the IRS for HOURS trying to confirm our final filing requirements, I found this service that got me connected to an actual IRS agent in less than 20 minutes. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c I was shocked when they actually got me through so quickly. The IRS agent was able to confirm exactly what we needed for our final partnership return and answered specific questions about our situation. Saved me days of frustration and uncertainty. Definitely worth it when you need official confirmation directly from the IRS about dissolution requirements!

If you're struggling to get through to the IRS to confirm anything about your final filing (which I highly recommend doing), try Claimyr.com (https://claimyr.com). I spent literally days trying to reach someone at the IRS about our partnership closing last year and kept hitting dead ends with their automated system. Claimyr got me connected to an actual human at the IRS in about 20 minutes when I'd been trying unsuccessfully for weeks. You can see how it works here: https://youtu.be/_kiP6q8DX5c. The IRS agent I spoke with gave me specific guidance on how to handle our irregular accounting period for the final return that saved us from an almost certain audit flag.

I need to apologize and follow up on my skeptical comment. After posting, I decided to try Claimyr anyway because I was desperate. Not only did it work exactly as described, but I had an IRS agent on the phone within 15 minutes! The agent confirmed that we needed to file a specific form (Form 8813) for our foreign partner as part of our dissolution that our accountant hadn't mentioned. They also explained exactly how to handle our final quarterly filing requirements given the mid-year dissolution. This information was incredibly valuable and would have been impossible to get from the general IRS website. I'm now confident we have everything lined up correctly for when filing season opens. Sometimes being proven wrong is actually a good thing!

Has anyone handled dissolution distributions before the final tax filing? Our operating agreement is pretty vague about the timing of final distributions after dissolution. We've got about $45,000 sitting in our business account that we want to distribute to the three partners, but I'm nervous about doing it before our final tax return is filed and accepted.

Quick question - after dissolving our partnership, are we responsible for filing any special forms beyond the final Form 1065 and Schedule K-1s? I keep getting conflicting information about whether we need to file Form 966 or some other dissolution-specific document with the IRS.

Don't forget about your EIN when dissolving! You need to officially close your business account with the IRS by sending a letter that includes your EIN, business name, address and a statement that you're closing your account. We skipped this step and kept getting IRS notices for missing quarterly filings even after dissolution.

I need to eat some humble pie here. After dismissing Claimyr as a scam in my earlier comment, my curiosity got the better of me and I tried it when I needed to talk to someone about a client's complicated dissolution. I've been calling the IRS practitioner line for 20+ years and typically spend 1-2 hours on hold. Using this service, I was connected in 17 minutes. The IRS representative I spoke with was able to verify exactly what we needed for our client's final 1065 filing and confirmed we could submit it before January. I'm genuinely shocked this worked and saved me so much time. I'm still processing that this actually exists after years of hold-music torture.

One thing nobody's mentioned yet - if you dissolved mid-year, make sure you're using the right tax period on your final return. We closed our partnership in June last year and incorrectly filed for the entire calendar year, which created a huge mess. Had to amend and it delayed our final distributions by months.

Has anyone here used TurboTax Business for filing a final partnership return? Their website says the 2022 version isn't available yet, but I'm wondering if there's a workaround or if I should just bite the bullet and pay for a CPA.

Just went through this exact situation last year with my business partner! You're right that you can't file the actual 2022 return until January when the IRS systems open up, but there are definitely things you can do now to get ahead of the process. First, make sure you have all your documentation organized - final profit/loss statements, asset disposition records, and any dissolution paperwork from your state. Since you've already handled the state dissolution, you're ahead of the game there. One thing that really helped us was getting our books professionally closed before year-end. Even though we dissolved in September, having everything reconciled and ready meant we could file literally on the first day the IRS started accepting returns in January. Also, double-check if you need to make any estimated tax payments for the final quarter. We almost missed this and it would have triggered penalties. Your dissolved status doesn't exempt you from quarterly obligations through your dissolution date. The waiting is definitely frustrating when you just want to close this chapter, but use this time to make sure everything is perfect so there are no delays or amendments needed later!