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.

No credit card required
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

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.

99%+

Accuracy

Reduce manual errors and get precise data

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.

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.

Ready to automate your data extraction?
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately.
Fill up the form to speak with an automation expert.