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Las Vegas Nevada Form 1065 (Schedule M-3): What You Should Know

Yes, the partnership must file an individual form 1065. Each partner must file Schedule C as part of his or her individual income tax return, and the partnership report net income in addition to income from other sources. The partnership must file with the Secretary of State of the county where it is organized (unless the partnership has a “state” license). As of December 1, 2007, the partnership must file a quarterly or annual form by December 1 of each year. To receive an individual tax license, please contact the Secretary of State's Business Licensing Unit at 888.332.6727. For questions about your state's business licenses, please contact the Department of Business and Economic Development/Business Licensing Section.

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