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McAllen Texas Form Instructions 1065 (Schedule K-1): What You Should Know

Download the K-1 (Form 1065) and Ownership Schedule for your project, and any associated other necessary forms.  Download the Ownership Schedule as a PDF file — Form K-4  Download Schedule K-1 (Form 1065) Tax Payment Plan Information If you receive your Schedule K-1 tax package, you will use the following form to pay the tax due. We recommend using our e-payment option on this site.  Download IRS Form 1065 K-4 PAYMENT PLAN (PDF) The IRS has two choices for creating a payment plan. One is for those businesses that do not pay their taxes on time. They would pay the tax due the next business day using the next day's payment due date. Another method is for businesses that may be paying on time and are in a special position such as having a sales tax collection account. The tax collection account pays every other day. The form that is used to pay the amount due must be completed on or before the deadline for the payment due date. The payment plan must be completed in a timely manner to prevent an audit or to prevent a collection.

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