Form D-65 - Partnership Return Of Income - 2013 (Page 5 of 8) in pdf

GENERAL INSTRUCTIONS FOR THE D-65 PARTNERSHIP RETURN

When is your return due?

Who must ﬁ le a DC Form D-65?

You must ﬁ le your return by:

Except for partnerships required to ﬁ le an unincorporated business

franchise tax return, DC Form D-30, all partnerships engaged in any

• Calendar year ﬁ ler – April 15; or

trade or business in DC or which received income from sources in DC,

• Fiscal year ﬁ ler – the ﬁ fteenth day of the fourth month following the

must ﬁ le a Form D-65.

ending of the taxable year you entered at the top of the DC Form

D-65.

The term “partnership” includes a limited partner, group, syndicate, pool

and joint venture through or by means of which any business, ﬁ nancial

If the due date falls on a Saturday, Sunday or legal holiday, the return is

operation, or venture is carried on. The following are excluded by law: 1)

due the next business day.

a corporation; 2) a trust or estate; or 3) an unincorporated business. The

If you are requesting an extension of time to ﬁ le, submit DC Form FR-128,

term “partner” includes a member of a syndicate, pool or joint venture.

Extension of Time to File DC Franchise or Partnership Return, by the due

If the return is ﬁ led on behalf of a syndicate, pool, joint venture or similar

date of your return. Do not use the federal extension of time to ﬁ le form

group, attach to the D-65 a copy of the agreement and all amendments

to request a DC extension. Ensure you have ﬁ lled in the D-65 oval on the

to the agreement.

bottom left hand side of the Form FR-128.

A limited liability company is classiﬁ ed as a partnership. The only excep-

How to ﬁ le your return

tion is if IRS has classiﬁ ed it differently. Use the same classiﬁ cation on

your DC return as that used on your federal return.

File your DC Form D-65 with the Ofﬁ ce of Tax and Revenue, 1101 4th

Street, SW, FL4, Washington, DC 20024.

DC law does not allow a partnership to report or ﬁ le as a corporation,

nor for a corporation to report or ﬁ le as a partnership.

Print, sign and date the return. Make a copy for yourself. If submitting the

return with attachments, you must submit using a CD.

Who must ﬁ le DC Form D-30 instead of Form D-65?

Include the following on the CD:

Every partnership which, during the taxable year, engaged in an “un-

•

The signed D-65 return;

incorporated business” as deﬁ ned in paragraph (1) below, and which

•

Any attachments and/or schedules (federal Form 1065, and Schedule

met the gross income threshold as stated in paragraph (2) below, must

K-1). Include copies of all the schedules and statements accompany-

ﬁ le a Form D-30, rather than Form D-65. If Form D-65 is ﬁ led instead

ing the Form 1065. Also attach a schedule showing the pass-through

of Form D-30, attach an explanation to the D-65.

distribution of income for all members of the partnership, and copies

(1)(a) A partnership with gross income of more than $12,000 which

of the completed federal K-1 schedule.

leases real or personal property in DC, regardless of whether services

•

Write on the CD label, “D-65”, your FEIN, tax year being ﬁ led, and

are performed, (including professional partnerships) must ﬁ le a Form

statements accompanying the Form D-65 on the CD.

D-30 instead of Form D-65.

(b) “Unincorporated Business”. An unincorporated business is any trade

Assembling your D-65 return

or business, conducted or engaged in by any individual, whether resident

or nonresident, statutory or common-law trust, estate, partnership, or

Do not staple or otherwise damage the Bar Code located in the upper

limited or special partnership, society, association, executor, administra-

right hand corner of this form or schedule(s) being attached.

tor, receiver, trustee, liquidator, conservator, committee, assignee, or by

any other entity or ﬁ duciary, other than a trade or business conducted

Substitute forms

or engaged in by any corporation. This includes any trade or business

which, if conducted or engaged in by a corporation, would be taxable.

You may ﬁ le your DC tax return using a computer-prepared or computer-

generated substitute form, provided the form is approved in advance by

the Ofﬁ ce of Tax and Revenue (OTR). The fact that a software package is

cannot be incorporated or any trade or business deriving more than

available for retail purchase does not mean that the substitute form has been

80% of its gross income from personal services rendered by owners or

approved for use. Call or check with the software developer to determine if

members of the partnership or other entity in conducting or carrying

its form is approved by the DC OTR.

on any trade or business in which capital is not a material income-

producing factor.

Special ﬁ ling circumstances

(2) Gross income requirement for ﬁ ling DC Form D-30. A return must be

ﬁ led by an unincorporated business if its gross income from engaging in

Amended returns

or carrying on any trade or business in DC plus any other gross income

received from DC sources amounts to more than $12,000 during the

You must use the Form D-65 of the year you are amending. Prior year forms

year, regardless of whether it had net income. For ﬁ ling purposes, the

can be obtained from If the IRS adjusts

words “gross income” mean gross revenue before deduction of cost of

your federal return or if you ﬁ le an amended federal return, you must ﬁ le

goods, expenses and other deductions allowable in the determination

an amended DC return within 90 days.

of net income.

Mail the amended return and any attachments to the Ofﬁ ce of Tax and

Revenue, 1101 4th Street, SW, Fl4, Washington, DC 20024.

NOTE: For District tax purposes, taxpayers are not permitted to claim

the additional federal 30 or 50 percent bonus depreciation nor the addi-

Final return

tional Internal Revenue Code (IRC) Section 179 expenses. Taxpayers

If you are not required to continue ﬁ ling a return for an entity, ﬁ ll in the

should keep a separate depreciation schedule for DC tax purposes.

“ﬁ nal return’ oval on the return. We will then cancel your ﬁ ling requirement.

Form D-65 - Partnership Return Of Income - 2013 Page 5

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