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Tax / 1065 Partnerships

Partnership returns
where every K-1 ties out

From trial balance to partner allocations, computed deterministically and traceable to source

How it works

From trial balance import
to partner K-1s

Import

Bring the engagement together

Roll forward prior-year data and bring the TB, fixed assets, and partnership agreement into one engagement

Prepare

Prepare the partnership workpapers

Compute depreciation, §199A, §163(j), allocations, capital accounts, and multi-state K-1s deterministically

Review

Focus on what needs judgment

Review a prepared draft with open items, treatment decisions, and downstream impact surfaced before anything commits

Deliver

Carry the work through filing

Sync workpapers to your tax engine and deliver each partner’s K-1 through the portal

Built for the returns that break spreadsheets

Live Form 1065 preview

Preview a draft Form 1065 and every K-1 before pushing to your tax engine

Capital accounts

All partnership activity, including contributions, distributions, transfers, and property transactions, tracked and reconciled

Basis tracking

§754 inside and outside basis differences tracked cumulatively and tied out

Multi-state & PTET

Apportionment and pass-through entity tax computed across all relevant jurisdictions

Trace to source

Click any figure through to the trial balance, document page, or prior-year workpaper

Firm scale

One firm. One standard.

Set standards across the practice while preserving what makes each partnership different

Set the standard

Carry preparation and review standards across engagements

See the whole practice

Track preparation, review, and open items across the portfolio

Prepare to advise

Surface planning opportunities for more meaningful client conversations

From building workpapers
to reviewing them

How Armanino prepares partnership returns on Accrual

100%
Source values extracted without error
86.5%
Draft values matching the final return
100%
Drafted entries that balance and tie
50%
Estimated reduction in federal prep and review effort
“The workbook time is greatly reduced because I'm reviewing a workbook rather than building one.”
Patrick Richardson
Armanino
“The workpaper currently takes about three hours to prepare. With Accrual, that setup could potentially be reduced to 10 or 15 minutes.”
Talita Rouvier
Armanino
“I was checking the numbers, and it looks like the workpaper ties to what our filed return looks like.”
Dom Mesko
Armanino
“For an average preparer and reviewer, I could see it saving four or five hours.”
Enyioma Onuoha
Armanino
“For a simple return, a reviewer could go straight in and validate it. The preparer's role would largely be dropping the information into Accrual.”
Jamie Dabu
Armanino

Build what’s next for your firm

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