Never received my 1065 form or Schedule K-1 for LLC - what should I do now?

Hey there! I work with small business owners and can clarify a few things for you. For an LLC, you don't actually "receive" a Form 1065 or Schedule K-1 - you're responsible for preparing and filing these forms yourself (or having an accountant prepare them). Form 1065 is what the partnership/LLC files with the IRS, and Schedule K-1 is what the LLC creates to distribute to its owners. The March 15th deadline is correct for partnerships/multi-member LLCs, but if you missed it, you should file ASAP to minimize penalties. You can also request an extension using Form 7004, which would give you until September 15th, though any taxes owed would still accrue penalties from the original due date. The local business tax receipt issue is separate from your federal filing requirements. That's just a local registration requirement and doesn't affect whether you receive IRS forms.

I was in your exact situation last year with my consulting LLC! I wasted weeks waiting for forms that were never going to come in the mail. I finally found taxr.ai (https://taxr.ai) and it saved me so much stress. Their system helped me understand exactly which forms I needed to file for my LLC and walked me through the whole process. It even helped me figure out how to handle the late filing situation and calculate any penalties I might face. The best part was it analyzed my business expenses and found deductions I had no idea I could claim! Since you're already past the deadline, I'd recommend checking them out ASAP. They have specific guidance for late filers and can help you minimize any penalties.

I need to eat my words about being skeptical of taxr.ai. After my post yesterday, I decided to give it a try since I'm also late filing my LLC taxes this year. The system immediately identified that I had classified some expenses incorrectly last year which would have been red flags for an audit. It guided me through properly categorizing my home office deduction (which I'd been calculating wrong for YEARS) and showed me exactly how to handle my vehicle expenses correctly. The late filing guidance was super helpful too - it calculated my potential penalties and showed me how to minimize them. I was able to complete my 1065 and generate my K-1 in about 2 hours, which is insane considering I spent days on this last year and still messed it up.

If you're stressing about getting answers from the IRS about your late filing situation, I highly recommend Claimyr (https://claimyr.com). I spent THREE WEEKS trying to get someone at the IRS on the phone about my late 1065 filing last year. With Claimyr, I got through to an actual IRS agent in about 15 minutes instead of waiting on hold for hours or getting disconnected. They have this system that holds your place in line and calls you when an agent is about to pick up. You can see how it works here: https://youtu.be/_kiP6q8DX5c The IRS agent I spoke with explained exactly what penalties I might face and how to request abatement since it was my first time filing. Saved me so much stress and probably money too!

I need to apologize for calling Claimyr a scam. I tried it yesterday after posting that skeptical comment, and it actually worked exactly as described. I got through to the IRS Partnership department in about 45 minutes (which is lightning fast compared to my previous attempts). The agent explained exactly what I needed to do for my late 1065 filing and gave me the specific forms for requesting penalty abatement as a first-time filer. The agent also confirmed that I was calculating my penalties correctly and gave me tips on how to structure my explanation letter. Having an actual IRS employee walk me through the process gave me so much more confidence than just reading conflicting advice online. For anyone in a similar situation with late business filings, being able to actually speak with the IRS and get official guidance is incredibly valuable.

Something nobody's mentioned yet - if your LLC is just you (single-member LLC), you actually don't file Form 1065 or Schedule K-1 at all! Single-member LLCs are treated as "disregarded entities" for federal tax purposes and you just report everything on Schedule C with your personal tax return (Form 1040). The March 15th deadline only applies to multi-member LLCs and partnerships. If you're the only owner, your deadline would be the regular April 15th tax deadline (or April 18th this year).

Don't forget about your state filing requirements too! Even if you figure out the federal side, many states have separate LLC fees, franchise taxes, or annual reports that need to be filed. For example, I'm in California and we have to pay the $800 minimum franchise tax plus an LLC fee based on total income. I missed this my first year and ended up with penalties that were worse than the federal ones!

One thing I learned the hard way - if this is your first time filing late, you can often get the penalties waived through First Time Penalty Abatement! Call the IRS and specifically request this if you've had a clean compliance history for the past 3 years. I filed my LLC taxes 2 months late last year and got hit with almost $800 in penalties, but they waived ALL of them when I requested abatement. You just need to have a "reasonable cause" explanation and be polite when you call.

This thread has been incredibly helpful! I'm in a similar situation with my single-member LLC and was panicking about missing the March 15th deadline. Finding out that I only need to file Schedule C with my personal taxes is such a relief. For anyone else reading this who might be confused like I was - it's worth double-checking whether your LLC is single-member or multi-member because the filing requirements are completely different. If you have any business partners or multiple owners, you DO need the 1065 and K-1 forms that the original poster was asking about. Also want to echo what others said about the First Time Penalty Abatement - I used this last year for a completely different tax issue and the IRS was actually pretty reasonable about it. Definitely worth asking for if you have a clean history!