![]() a section with all of your expenses (what you spent).I divided mine by month because we get monthly royalty checks. a section with all of your revenue (what you took in).business name and time period across the top.(Plus, there are lots of resources online around how to do them, so it was a friendly place to start.) Many fields on the 1065 mimic those forms and you need all the numbers. I found it helpful to prepare an income statement, balance sheet and capital account report before I even got started with the 1065. Think of it as the dummy’s dummy’s dummy’s guide. This blog post is an example 1065 form to help you understand the basics about how it works. There are lots of reasons your form would look different than mine AND most importantly I had no idea what I was doing. ![]() I’m not a tax adviser (and don’t even play one on TV). ![]() I couldn’t find any sample 1065 forms to get my feet on the ground, so I decided to write one. Hiring a tax professional was out of our price range, so I muddled through it myself. I had a hard time completing my LLC 1065 Annual Taxes even though we are a small business without any “difficult” expenses (like amortization). ![]()
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