Federal Free Printable Form 1065 Schedule B-1 (December 2011) for 2017 Federal Information on Partners owning 50% or More of the Partnership

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Information on Partners owning 50% or More of the Partnership
Form 1065 Schedule B-1 (December 2011)

SCHEDULE B-1 (Form 1065) (Rev. December 2011) Department of the Treasury Internal Revenue Service Name of partnership Part I Information on Partners Owning 50% or More of the Partnership ▶ Attach OMB No. 1545-0099 to Form 1065. See instructions on back. Employer identification number (EIN) Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3a) Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Entity Part II (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3b) Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Individual or Estate (ii) Identifying Number (if any) For Paperwork Reduction Act Notice, see the Instructions for Form 1065. (iii) Country of Citizenship (see instructions) Cat. No. 49842K (iv) Maximum Percentage Owned in Profit, Loss, or Capital Schedule B-1 (Form 1065) (Rev. 12-2011) Page 2 Schedule B-1 (Form 1065) (Rev. 12-2011) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Use Schedule B-1 (Form 1065) to provide the information applicable to certain entities, individuals, and estates that own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership. Who Must File Schedule B-1 (Form 1065) must be filed by all partnerships that answer “Yes” to question 3a or question 3b on Schedule B of Form 1065. Attach Schedule B-1 to Form 1065. Specific Instructions Part I Complete Part I if the partnership answered “Yes” to Form 1065, Schedule B, question 3a. List each corporation, partnership, trust, tax-exempt organization, or foreign government owning, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership at the end of the tax year. Enter the name, EIN, type of entity (corporation, partnership, trust, tax-exempt organization, or foreign government), country of organization, and the maximum percentage interests owned, directly or indirectly, in the profit, loss, or capital of the partnership. For an affiliated group filing a consolidated tax return, list the parent corporation rather than the subsidiary members. List the entity owner of a disregarded entity rather than the disregarded entity. If the owner of a disregarded entity is an individual rather than an entity, list the individual in Part II. In the case of a tax-exempt organization, enter “tax-exempt organization” in column (iii). Example 1. Corporation A owns, directly, an interest of 50% in the profit, loss, or capital of Partnership B. Corporation A also owns, directly, an interest of 15% in the profit, loss, or capital of Partnership C. Partnership B owns, directly, an interest of 70% in the profit, loss, or capital of Partnership C. Therefore, Corporation A owns, directly or indirectly, an interest of 50% in the profit, loss, or capital of Partnership C (15% directly and 35% indirectly through Partnership B). On Partnership C’s Form 1065, it must answer “Yes” to question 3a of Schedule B. Partnership C must also complete Part I of Schedule B-1. In Part I, Partnership C must identify Corporation A, which includes entering “50%” in column (v) (its maximum percentage owned). It also must identify Partnership B, and enter “70%” in column (v). Part II Complete Part II if the partnership answered “Yes” to Form 1065, Schedule B, question 3b. List each individual or estate owning, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership at the end of the tax year. Enter the name, social security or employer identification number, country of citizenship (for an estate, the citizenship of the decedent), and the maximum percentage interests owned, directly or indirectly, in the profit, loss, or capital of the partnership. Example 2. A owns, directly, 50% of the profit, loss, or capital of Partnership X. B, the daughter of A, does not own, directly, any interest in X and does not own, indirectly, any interest in X through any entity (corporation, partnership, trust, or estate). Because family attribution rules apply only when an individual (in this example, B) owns a direct interest in the partnership or an indirect interest through another entity, A’s interest in Partnership X is not attributable to B. On Partnership X’s Form 1065, it must answer “Yes” to question 3b of Schedule B. Partnership X must also complete Part II of Schedule B-1. In Part II, Partnership X must identify A, which includes entering “50%” in column (iv). Partnership X will not identify B in Part II.
Extracted from PDF file 2016-federal-1065-schedule-b-1.pdf, last modified December 2009

More about the Federal 1065 (Schedule B-1) Corporate Income Tax TY 2016

We last updated the Information on Partners owning 50% or More of the Partnership in May 2017, so this is the latest version of 1065 (Schedule B-1), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1065 (Schedule B-1) directly from TaxFormFinder. You can print other Federal tax forms here.


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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1065 (Schedule B-1) from the Internal Revenue Service in May 2017.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 1065 (Schedule B-1)

We have a total of four past-year versions of 1065 (Schedule B-1) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 1065 (Schedule B-1)

Form 1065 Schedule B-1 (December 2011)

Information on Partners owning 50% or More of the Partnership 2015 1065 (Schedule B-1)

Form 1065 Schedule B-1 (December 2011)

Information on Partners owning 50% or More of the Partnership 2012 1065 (Schedule B-1)

Form 1065 Schedule B-1 (December 2011)

Information on Partners owning 50% or More of the Partnership 2011 1065 (Schedule B-1)

Form 1065 Schedule B-1 (December 2011)


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