GTA Accounting Group provides specialized partnership tax return preparation services for general partnerships, LPs, LLPs, and multi-member LLCs. Our highly qualified team of CPAs ensures accurate and timely filing of your federal and New York State partnership returns, so you stay compliant and avoid costly penalties.
We handle both federal Form 1065 and New York State IT-204 filings, helping you correctly allocate income, deductions, and credits to each partner.
Form 1065 is the U.S. Return of Partnership Income, used to report a partnership’s financial activity to the IRS. While the partnership itself doesn’t pay tax, it must file Form 1065 and issue Schedule K-1s to its partners.
IT-204 is the New York State equivalent of Form 1065. If your partnership does business or earns income in New York, you must file this form in addition to the federal return.
Partnership tax returns are typically due by March 15 for calendar-year filers. GTA Accounting Group helps you stay on schedule and avoid late filing penalties.
Any partnership with more than one member must file Form 1065 and may require an IT-204 in New York.
By default, multi-member LLCs are treated as partnerships for tax purposes and must file a partnership return unless they elect corporate taxation.
Partnerships operating or generating income in New York must file IT-204 regardless of where they are based.
GTA Accounting Group is a licensed CPA firm based in New York, specializing in partnership tax compliance for professional firms, real estate entities, joint ventures, and multi-member LLCs. Whether you operate in a single borough or across multiple states, our experienced CPAs will ensure your partnership remains fully compliant.
📞 Reach out today to get your free tax return review and filing plan.
At GTA Accounting Group, we provide:
Each partnership is unique. We offer a no-obligation estimate at no cost.
We take pride in the positive feedback we receive from our clients. Here’s what some of them have to say:
"GTA Accounting Group helped us navigate a complex tax situation with ease and professionalism. Their expertise saved us thousands of dollars and gave us peace of mind."
Business Owner
"The team at GTA Accounting Group is incredibly knowledgeable and responsive. They provided clear guidance and support throughout the entire tax season."
Navi Founder
GTA Accounting Group
401 Park Ave S 10th Floor, New York, NY 10016, United States
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