Partnership Ends before filing

[mcb39]

Partnership created this past summer has already dissolved without ever filing a return.  Is it necessary to file a zero return to that effect.

[Terry D EA]

I think it would greatly depend on whether an EIN was obtained or not. If an EIN was obtained, then a zero return marked as final should be filed.

[BrewOne]

if there was business activity (income or expenses), a return is due.  And late filing penalties are severe.  That's the information a preparer should pass on to the tax-matters partner.  I'd leave speculation on the odds of anything happening if they don't file to the partners.

[mcb39]

8 minutes ago, BrewOne said:

if there was business activity (income or expenses), a return is due.  And late filing penalties are severe.  That's the information a preparer should pass on to the tax-matters partner.  I'd leave speculation on the odds of anything happening if they don't file to the partners.

This is a former Sch C filer and he will be claiming all of the income and expenses on the Sch C.  He just said that the Partnership didn't work out.  No surprise to me.  My Sch C client is the Primary and TMP.  I guess it won't hurt to file a zero return with no activity.

[DANRVAN]

1 hour ago, mcb39 said:

I guess it won't hurt to file a zero return with no activity.

per 1065 instructions: 

Who Must File Domestic Partnerships Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.