Who this is for
- US partners in UK partnerships or LLPs
Entity & Partnership
Foreign partnerships (Form 8865)
US persons with interests in foreign partnerships — including UK LLPs treated as partnerships — may need to file Form 8865.
Overview
Why this filing matters
US persons with interests in foreign partnerships — including UK LLPs treated as partnerships — may need to file Form 8865.
Note — UK/overseas partnerships.
What you get
- Category of filer determination
- Form 8865 preparation
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn’t disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it’s the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year’s return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your foreign partnerships (form 8865)
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
- 01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
- 02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
- 03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
- 04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
Form 8865 preparation starts from £650 + VAT. Complex multi-category filings (contributions, dispositions, multiple partners) are quoted per case after scoping.
FAQs
Common questions about Foreign partnerships (Form 8865)
Do I always need to file if I'm in a UK partnership?
Only if you meet one of the Category 1–4 tests (typically >10% interest or specific ownership changes). Below the thresholds, no 8865 filing is needed — though 8938 might still apply to your partnership interest.
What's Category 1 vs Category 2?
Category 1 is a US person owning >50% of the partnership (you effectively report the whole partnership). Category 2 is a US person owning ≥10% when the partnership is majority-controlled by US persons.
Do I need to send K-1s to UK partners?
Only if the partnership is a US partnership. Form 8865 is for foreign partnerships, so typically no US K-1 goes to UK partners — but they may still need their own UK self-assessment reporting.
What about transfers of partnership interests?
Category 3 (contributions of property to the partnership) and Category 4 (changes in proportional interest) filings cover these events. Both are commonly missed in first-time compliance.
Ready to get this filed?
Tell us your situation and we'll confirm scope, a fixed fee, and the documents we need — usually within one business day.