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Managing partnership tax compliance can be incredibly complex. From tracking shifting partner capital accounts to handling complex book-to-tax differences and state allocations, the workload piles up fast—especially during peak tax season.
At OBG Outsourcing Private Limited, we act as a seamless extension of your onshore team. We handle the heavy lifting of preparation, reconciliation, and compliance so your firm can focus on high-value client advisory and scaling your operations.
Our Partnership Tax Support Services
We provide end-to-end support for Form 1065 preparation, ensuring absolute accuracy and compliance with IRS guidelines.
| Service Area | What We Deliver | Key Focus |
|---|---|---|
| Federal Form 1065 | Preparation of the core partnership return, including Schedules L, M-1, and M-2. | Book-to-tax differences, tax depreciation (Sec. 179/168(k)), and balance sheet matching. |
| Schedule K & K-1 Allocation | Detailed allocation of income, deductions, credits, and self-employment earnings to partners. | Accuracy in Section 704(b) capital accounts, tax-basis reporting, and partner-specific allocations. |
| State & Local Tax (SALT) | Multi-state composite returns, partnership-level taxes (PTET), and state apportionment. | Navigating complex state nexus laws and filing individual state K-1s. |
| M-3 Reconciliation | Comprehensive reconciliation for large partnerships (assets greater than $10M). | Detailed tracking of permanent and temporary book-to-tax differences. |
Our Delivery Process
We follow a secure, highly standardized workflow to ensure your partnership returns are prepared accurately, on time, and without friction.
1.Secure Data Ingestion:Phase 1.
Your team uploads trial balances, general ledgers, previous year returns, partnership agreements, and partner details to our secure, GDPR-compliant portal.
2.Trial Balance & Book-to-Tax Reconciliation:Phase 2.
Our tax specialists review the books, identify tax adjustments (including meals, entertainment, and depreciation), and perform M-1/M-3 reconciliations.
3.Drafting Form 1065 & K-1s:Phase 3.
We input the reconciled data into your preferred tax software (UltraTax, Drake, Lacerte, etc.), draft Form 1065, and generate individual partner Schedule K-1s.
4.Two-Tier Quality Review:Phase 4.
A senior reviewer and a tax manager perform a rigorous double-check against your checklist and source documents to ensure zero discrepancies.
5.Final Review & Handoff:Phase 5.
We deliver a complete tax binder—including open items list, draft return, and K-1s—to your onshore team for final review and e-filing.
Why CPA Firms Outsource to OBG:
Up to 50% Reduction in Operating Costs: Scale your capacity without the overhead of full-time, year-round onshore hires.
Bank-Grade Data Security: We operate under strict ISO-certified security protocols to ensure all client financial data remains entirely secure and confidential.
Overnight Turnaround: Leverage the time-zone difference to get tax returns drafted while your onshore team sleeps.
Software We Use
