Form 1065 for a foreign company

[Hannah Tran]

Hi,

IRS sent us a letter asking for lodgement of form 1065 Partnership return. Is there any reason why we are classified as a partnership?

Our background is:
- We are an Australian company
- We have received some income from US source
- We have applied for an EIN and lodged from W8-BEN

I have tried to complete the form, but the principal is not very right for two reasons:
- The partnership can't have only one partner
- After completing the partnership tax return, another return at the partner level should also be completed - which form should we complete at the partner level then? Is it duplicated?

 

[kirby]

Sounds like the income you received from a US source was reported to you on a form K1 titled "Partners Share of Income, Deductions, Credits" and that would make IRS think you are in a partnership. If you are not then ask the person who sent the K1 to correct this.