IRS Form 1065

Simplify tax filing with automated IRS form 1065 data extraction

Setup seamless automated tax filing solution with Docsumo’s intelligent OCR API. Process Partnership Tax Return (Form 1065) automatically with minimal setup, improved accuracy, quicker turnaround time, and reduced cost.

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IRS Form 1065

Challenge

Businesses in a general partnership, limited partnership, limited liability partnership, etc have to file partnership tax returns (form 1065). IRS Form 1065 is not used to calculate taxes but it is the return of partnership income used to report each partners' share of income or loss of the business.

Often this data is extracted manually by businesses, and stored in a structured format for record-keeping purposes. However, this manual data extraction comes with possible manual errors and painfully slow processing which adds to the overall operational cost for the business. 

Solution

With Docsumo, free up your essential resources by automating form 1065 processing with 99% accuracy.

With Docsumo, free up your essential resources by automating form 1065 processing with 99% accuracy.
Standard fields that are extracted

You can easily add, delete and move any field.

Business Details

Principal business activity

Principal product or service

Business code number

Name of partnership

Address

Employer ID number

Date business started

Schedule B

Type of entity

Partnership details

Partnership representative details

Schedule K

Income(Loss)

Deductions

Self Employment

Credits

Foreign Transactions

AMT items

Other information

Docsumo Advantage

< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
70%
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
98%+
Accuracy
Reduce manual errors and get precise data

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Tell us where you are today
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This is what your document processing operations could look like tomorrow
Based on real benchmarks from Docsumo customers, this is what we project for you and your team.
80 %
Straight through
Processing
$ 0
Total Cost
Reduced
< 30 sec
Average
processing  time
0 hrs
Total time
saved
$300k
Projected ROI

Features

Scan form 1065 and extract information in real-time without needing technical skills or coding.

Amazingly Fast Processing
Amazingly Fast Processing

It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.

Advanced Image Processing
Advanced Image Processing

Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.

Batch Uploads
Batch Uploads

Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.

Easily Download Data
Easily Download Data

Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.

Extract Tables
Extract Tables

Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.

Integrate with API or Webhooks
Integrate with API or Webhooks

Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.

Smart Filters
Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

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We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!

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