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Louisiana Free Printable  for 2020 Louisiana Partnership Return of Income and Form IT-565B Apportionment

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Partnership Return of Income and Form IT-565B Apportionment
Form IT-565

IT-565 (1/20) Legal Name 2019 Mark box for calendar year or Fiscal Year (Enter dates) Trade Name Address Begun _________ , 2019 Partnership Return of Income Ended _________ ,2020 Mail to: Louisiana Department of Revenue PO Box 3440 Baton Rouge, Louisiana 70821-3440 City State ZIP Mark box if: Amended return First time filing of this form Final return Short period return IMPORTANT: Round all dollar amounts to the nearest dollar. A. LDR Account Number B. Federal Employer Identification Number I. C. Federal ordinary business income D. Federal net income E. Gross revenues F. Total assets G. NAICS code Does the income of this partnership include the income of any disregarded entities? Yes No J. For this tax year, was any partner a disregarded entity that is being included in the income tax return of a corporation (including any entity that is treated as a corporation)? Yes No K. For this tax year, was any partner a corporation (including any entity that is treated as a corporation)? Yes No L. For this tax year, was any partner not a corporation (including any entity that is treated as a corporation) and not a disregarded entity that is being included in the income tax return of a corporation (including any entity that is treated as a corporation)? Yes No H. Enter the state abbreviation for location of the principal place of business. Schedule A — Partner List Partner Number Partner SSN or FEIN Name Street Address City State Country ZIP 1 2 3 4 5 6 7 8 9 10 6881 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule B — Partner Louisiana Allocations 2 3 4 5 1 Partner Entity Partner’s Share Partner’s Share Partner’s Share Number Code of Profit (%) of Loss (%) of Credits (%) 6 LA Resident 7 In composite return? 1 Yes No Yes No 2 Yes No Yes No 3 Yes No Yes No 4 Yes No Yes No 5 Yes No Yes No 6 Yes No Yes No 7 Yes No Yes No 8 Yes No Yes No 9 Yes No Yes No 10 Yes No Yes No 8 Distributable Losses 9 Distributable Income Schedule C — Reconciliation of partners’ capital accounts Partner Number Capital account at beginning of year Capital contributed during year Current year increase (decrease) Withdrawals and distributions Capital account at end of year 1 2 3 4 5 6 7 8 9 10 Totals $ $ $ $ $ Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge. Signature of General Partner or Limited Liability Company Member Manager Telephone Print Name of Officer Address Print Preparer’s Name Preparer’s Signature Date (mm/dd/yyyy) Date (mm/dd/yyyy) Check PAID PREPARER USE ONLY Firm’s Name ➤ Firm’s FEIN ➤ Firm’s Address ➤ Telephone ➤ PTIN, FEIN, or LDR Account Number of Paid Preparer For Office Use Only. ■ if Self-employed 6882 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule D — Partner Credit Shares Partner Number Credit Code Credit Amount Credit Code Credit Amount Credit Code Credit Code Credit Amount Credit Amount Schedule E — Other Information 1. What type of entity is filing this return? Check the applicable box: a. Domestic general partnership b. Domestic limited partnership c. Domestic limited liability company d. Domestic limited liability partnership e. Foreign partnership f. Other ➤ _________________________________________________________________________________ 2. At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? Yes No 3. At the end of the tax year: a. Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax- exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? Yes No Yes No Yes No b. Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? 4. At the end of the tax year, did the partnership: a. Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? If “Yes,” complete (i) through (iv) below (i) Name of Corporation (ii) Employer Identification Number (if any) (iii) Country of Incorporation b. Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? If “Yes,” complete (i) through (v) below (i) Name of Entity 5. Is this partnership a publicly traded partnership as defined in IRC Section 469(k)(2)? (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (iv) Percentage Owned in Voting Stock Yes No (v) Maximum Percentage Owned in Profit, Loss, or Capital Yes No 6883 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule F — Cost of goods sold 1. Inventory at beginning of year 1 2. Purchases 2 3. Cost of labor 3 4. Additional section 263A costs (attach schedule) 4 5. Other costs (attach schedule) 5 6. Total. Add lines 1 through 5 6 7. Inventory at end of year 7 8. Cost of goods sold. Subtract Line 7 from Line 6. 8 Schedule G — Income from rents and royalties 1. Kind and location of property 2. Amount 3. Depreciation 4. Repairs 5. Other expenses 1. Total 2. Net income (or loss) (Column 2 less the sum of Columns 3, 4, and 5.) $ Schedule H — Description of interest and taxes Description Amount Description Amount Schedule I — Sales of capital assets 1. Description of property Total 2. Date acquired 3. Date sold 4. Gross sales price 5. Depreciation allowed (or allowable) since acquisition or Jan. 1, 1934 (Attach schedule.) 6. Cost or other basis and cost of improvements subsequent to acquisition or Jan. 1, 1934 7. Expense of sale 8. Gain or loss (Column 4 plus Column 5, less the sum of Columns 6 and 7) $ 6884 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule J — Sales of property other than capital assets 1. Description of property 2. Date acquired 3. Date sold 4. Gross sales price 5. Depreciation allowed (or allowable) since acquisition or Jan. 1, 1934 (Attach schedule.) 6. Cost or other basis and cost of improvements subsequent to acquisition or Jan. 1, 1934 Total 7. Expense of sale 8. Gain or loss (Column 4 plus Column 5, less the sum of Columns 6 and 7) $ Schedule K — Other deductions Description Total Amount Description Amount $ 6885 IT-565 (1/20) Enter your LA Revenue Account Number or FEIN here. u _____________________________ Schedule L — Balance Sheets per Books Assets 1 Cash 2a Trade notes and accounts receivable 2b Less allowance for bad debts 3 Inventories 4 U.S. government obligations 5 Tax-exempt securities 6 Other current assets (attach statement) 7a Loans to partners (or persons related to partners) 7b Mortgage and real estate loans 8 Other investments (attach statement) 9a Buildings and other depreciable assets 9b Less accumulated depreciation 10a Depletable assets 10b Less accumulated depletion 11 Beginning of taxable year End of taxable year Beginning of taxable year End of taxable year Land (net of any amortization) 12a Intangible assets (amortizable only) 12b Less accumulated amortization 13 Other assets (attach statement) 14 Total assets Liabilities and Capital 15 Accounts payable 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities (attach statement) 18 All nonrecourse loans 19a Loans from partners (or persons related to partners) 19b Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach statement) 21 Partners’ capital accounts 22 Total liabilities and capital 6886 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule M — Reconciliation of Federal and Louisiana Net Income for Partnerships with Non-Corporate Partners Column 2 1. Federal net income 2. Additions to federal net income: a. Interest and dividend income from other states and their political subdivisions b. Other additions – Attach schedule. c. Total additions – Add Lines 2a and 2b. 3. Subtractions from federal net income: a. Interest and dividend income from U.S. Government Obligations b. Other subtractions – Attach schedule. c. Total subtractions – Add Lines 3a and 3b. 4. Louisiana net income from all sources – The amount should agree with Schedule P, Line 22. Schedule N — Computation of Apportionment Percentage for Partnerships with Non-Corporate Partners Description of items used as ratios 1. Total amount 2. Louisiana amount 3. Percent 1. Net sales of merchandise and/or charges for services A. Sales B. Charges for services C. Other gross apportionable income D. Total – Add the amounts in Columns 1 and 2. If ratio not used, check box. 2. Wages, salaries, and other personal service compensation paid during the year. (See instructions.) If ratio not used, check box. 3. Loans made during the year. If ratio not used, check box. 4. Taxpayers primarily in the business of manufacturing or merchandising enter ratio from Line 1, Column 3. If ratio not used, check box. 5. Income tax property ratio. Enter percentage from Schedule O, if applicable. If ratio not used, check box. 6. Total percents in Column 3 7. Average of percents – Divide Line 6 by applicable number of ratios. __ __ __ . __ __ % __ __ __ . __ __ % __ __ __ . __ __ % __ __ __ . __ __ % __ __ __ . __ __ % __ __ __ . __ __ % __ __ __ . __ __ % 6887 IT-565 (1/20) Enter your LA Revenue Account Number or FEIN here. u _____________________________ Schedule O — Computation of Property Ratio Located Everywhere 1. Beginning of year 2. End of year Located in Louisiana 3. Beginning of year 4. End of year Intangible Assets 1. Cash 2. Notes and accounts receivable 3. Reserve for bad debts ( ) ( ) 4. Investment in U.S. govt. obligations 5. Other current assets 6. Other investments – Attach schedule 7. Loans to partners 8. Other intangible assets – Attach schedule 9. Accumulated amortization ( ) ( ) 10. Total intangible assets – Add Lines 1 through 9 Real and Tangible Assets 11. Inventories 12. Bldgs. and other depreciable assets 13. Accumulated depreciation ( ) ( ) ( ) ( ) 14. Depletable assets 15. Accumulated depletion ( ) ( ) ( ) ( ) 16. Land 17. Other real & tangible assets – Attach schedule 18. Excessive reserves, assets not reflected on books, or undervalued assets 19. Total real and tangible assets – Add Lines 11 through 18 20. Less real and tangible assets not used in production of net apportionable income – Attach schedule 21. Balance – Subtract Line 20 from Line 19 22. Beginning of year balance 23. Total – Add Lines 21 and 22. 24. Income tax property ratio (Line 23, Column 4 ÷ Line 23, Column 2) __ __ __ . __ __ % 6888 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule P — Computation of Louisiana Net Income for Partnerships with Non-Corporate Partners See instructions if separate accounting method is used and check box. Totals Totals 1A. Gross receipts .00 23. Allocable income from all sources: 1B. Less returns and allowances .00 1C. Balance. Subtract Line 1B from Line 1A. .00 23A. Net rents and royalties from immovable or corporeal movable property .00 23B. Royalties from the use of patents, .00 trademarks, etc. 2. Less: Cost of goods sold and/or operations .00 23C. Income from estates, trusts, and partnerships .00 3. Gross profit – Subtract Line 2 from Line 1C. .00 23D. Income from construction, repair, etc. .00 4. Ordinary income from other partnerships, estates and trusts .00 23E. Interest Income .00 5. Net farm profit (loss) .00 23F. Dividend Income .00 6. Net gain (loss) from federal Form 4797, Part II, line 17 .00 23G. Profit (loss) from the sale of capital assets .00 7. Other income (loss) See Instructions .00 23H. Net profit (loss) from sales or exchanges of property not made in the regular course of business .00 8. Total income – Add Lines 3 through 7 .00 23I. Allocable expenses 9. Salaries and wages .00 23J. Net allocable income from all sources .00 ( ) .00 10. Guaranteed payments to partners .00 24. Net income subject to apportionment – Subtract Line 23J from Line 22 .00 11. Repairs and maintenance .00 25. Net income apportioned to Louisiana .00 12. Bad debts .00 26. Allocable income from Louisiana sources: 13. Rent .00 26A. Net rents and royalties from immovable or corporeal movable property .00 14. Taxes and licenses .00 26B. Royalties from the use of patents, trademarks, etc. .00 15. Interest. .00 26C. Income from estates, trusts, and partnerships .00 16. Depreciation less depreciation reported elsewhere .00 26D. Income from construction, repair, etc. .00 17. Depletion (Do not deduct oil and gas depletion) .00 26E. Interest Income .00 18. Retirement plans, etc. .00 26F. Dividend Income .00 19. Employee benefit programs .00 26G. Profit (loss) from the sale of capital assets .00 20. Other deductions – See instructions. .00 26H. Net profit (loss) from sales or exchanges of property not made in the regular course of business .00 21. Total deductions – Add Lines 9 through 20 .00 26I. Allocable expenses 22. Net income from all sources – Subtract Line 21 from Line 8. .00 ( ) .00 26J. Net allocable income from Louisiana Sources .00 27. Louisiana net income – add lines 25 and 26J. .00 6889 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule Q — Reconciliation of Federal and Louisiana Net Income for Partnerships with Corporate Partners See R.S. 47:287.71, R.S. 47:287.73, and R.S. 47:287.82 for information. Column 2 1. Federal net income 2. Additions to federal net income: a. Total additions – Attach Schedule 3. Subtractions from federal net income: a. Bank dividends (see instructions). b. All other dividends c. Interest d. Road Home – The amount included in federal income e. Expenses not deducted on the federal return due to Internal Revenue Code Section 280C f. Other subtractions – Attach schedule. g. Total subtractions – Add Lines 3a through 3f. 4. Louisiana net income from all sources – The amount should agree with Schedule S, Line 22. Schedule R — Computation of Apportionment Percentage for Partnerships with Corporate Partners Description of items used as ratios 1. Total amount 2. Louisiana amount 3. Percent 1. Net sales of merchandise and/or charges for services A. Sales B. Charges for services C. Other gross apportionable income D. Total – Add the amounts in Columns 1 and 2. __ __ __ . __ __ % 2. For certain oil & gas businesses only. Wages, salaries, and other personal service compensation paid during the year. (See instructions.) If ratio not used, check box. __ __ __ . __ __ % 3. For certain oil & gas businesses only. (See instructions.) Income tax property ratio – Enter percentage from Schedule O, Line 24. If ratio not used, check box. __ __ __ . __ __ % 4. ONLY corporations primarily in the oil and gas business, enter ratio from Line 1D, Column 3 (See Instructions.) If ratio not used, check box. __ __ __ . __ __ % 5. Total of percents in Column 3 6. Average of percents – Divide Line 5 by applicable number of ratios. __ __ __ . __ __ % __ __ __ . __ __ % 6890 Enter your LA Revenue Account Number or FEIN here. u _____________________________ IT-565 (1/20) Schedule S — Computation of Louisiana Net Income of Partnerships with Corporate Partners See instructions if separate accounting method is used and check box. Totals Totals 1A. Gross receipts .00 20. Other deductions – See instructions 1B. Less returns and allowances .00 1C. Balance. Subtract Line 1B from Line 1A. .00 21. .00 Total deductions – Add Lines 9 through 20. .00 22. Net income from all sources – Subtract Line 21 from Line 8. .00 2. Less: Cost of goods sold and/or operations .00 23. Allocable income from all sources: 3. Gross profit – Subtract Line 2 from Line 1C. .00 23A. Net rents and royalties from immovable or corporeal movable property .00 4. Ordinary income from other partnerships, estates and trusts .00 23B. Royalties from the use of patents, trademarks, etc. .00 5. Net farm profit (loss) .00 23C. Income from estates, trusts, and partnerships .00 6. Net gain (loss) from federal Form 4797, Part II, line 17 .00 23D. Income from construction, repair, etc. .00 7. Other income (loss) See Instructions .00 23E. Other allocable income .00 8. Total income – Add Lines 3 through 7 .00 23F. Allocable expenses 9. Salaries and wages .00 23G. Net allocable income from all sources ( ) .00 .00 10. Guaranteed payments to partners .00 24. Net income subject to apportionment – Subtract Line 23G from Line 22. .00 11. Repairs and maintenance .00 25. Net income apportioned to Louisiana .00 12. Bad debts .00 26. Allocable income from Louisiana sources: 13. Rent .00 26A. Net rents and royalties from immovable or corporeal movable property .00 14. Taxes and licenses .00 26B. Royalties from the use of patents, trademarks, etc. .00 15. Interest. .00 26C. Income from estates, trusts, and partnerships .00 16. Depreciation less depreciation reported elsewhere .00 26D. Income from construction, repair, etc. .00 17. Depletion (Do not deduct oil and gas depletion) .00 26E. Other allocable income .00 18. Retirement plans, etc. .00 26F. Allocable expenses 19. Employee benefit programs .00 ( ) .00 26G. Net allocable income from Louisiana sources .00 27. Louisiana net income – Add Line 25 and Line 26G. .00 6891 IT-565 (1/20) Enter your LA Revenue Account Number or FEIN here. u _____________________________ Schedule T — Tax Credits Description 1. LA Code Credit Amount Citizens Property Assessment 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Total Tax Credits: Add credit amounts in Lines 1 through 12. Description Inventory Tax Ad Valorem Natural Gas Ad Valorem Offshore Vessels Telephone Company Property Prison Industry Enhancement Mentor-Protégé Milk Producers Technology Commercialization Musical and Theatrical Production School Readiness Child Care Provider School Readiness Business - Supported Child Care School Readiness Fees and Grants to Resource and Referral Agencies Code 50F 51F 52F 54F 55F 57F 58F 59F 62F 65F 67F 68F Description Code Retention and Modernization 70F Digital Interactive Media and 73F Software Other Refundable 80F Premium Tax 100 Bone Marrow 120 Nonviolent Offenders 140 Qualified Playgrounds 150 Debt Issuance 155 Contributions to Educational 160 Institutions Donations to Public Schools 170 Conversion of Vehicle to 185 Alternative Fuel Other 199 Atchafalaya Trace 200 Recycling Credit 210 Description Donation to School Tuition Organization Inventory Tax Credit Carried Forward & ITEP Ad Valorem Natural Gas Credit Carried Forward QMC Music Job Creation Credit New Jobs Credit Refunds by Utilities Eligible Re-entrants Neighborhood Assistance Research and Development Cane River Heritage Area Apprenticeship Ports of Louisiana Investor Ports of Louisiana Import Export Cargo Code 213 218 219 223 224 226 228 230 231 232 236 238 Description Motion Picture Investment Research and Development Historic Structures Digital Interactive Media Capital Company LCDFI Credit New Markets Brownfields Investor Motion Picture Infrastructure Angel Investor Other Biomed/University Research Tax Equalization Manufacturing Establishments Enterprise Zone Other Code 251 252 253 254 257 258 259 260 261 262 299 300 305 310 315 399 240 6892
Extracted from PDF file 2019-louisiana-form-it-565.pdf, last modified January 2018

More about the Louisiana Form IT-565 Corporate Income Tax TY 2019

We last updated the Partnership Return of Income and Form IT-565B Apportionment in February 2020, so this is the latest version of Form IT-565, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form IT-565 directly from TaxFormFinder. You can print other Louisiana tax forms here.

Other Louisiana Corporate Income Tax Forms:

TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form CIFT-620 Corporation Income Tax and Franchise Tax Return
Form CIFT-620ES Estimated Tax Voucher for Corporations
Form R-10610 Schedule of Ad Valorem Tax Credit Claimed by Manufacturers
Form IT-541 Fiduciary Income Tax Return
Form R-6906A Corporation Franchise Tax Initial Return (CFT-4)

Download all LA tax forms View all 35 Louisiana Income Tax Forms


Form Sources:

Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form IT-565 from the Department of Revenue in February 2020.

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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 Louisiana Form IT-565

We have a total of nine past-year versions of Form IT-565 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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