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.
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.
Standard fields that are extracted
You can easily add, delete and move any field.
Principal business activity
Principal product or service
Business code number
Name of partnership
Address
Employer ID number
Date business started
Type of entity
Partnership details
Partnership representative details
Income(Loss)
Deductions
Self Employment
Credits
Foreign Transactions
AMT items
Other information
Principal business activity
Principal product or service
Business code number
Name of partnership
Address
Employer ID number
Date business started
Type of entity
Partnership details
Partnership representative details
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
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 preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
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
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 multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
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
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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 preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
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
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 multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
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
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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