LaviCPA Internal Tool
Form 1065 · Pre-Release Review
Confirm software shows zero diagnostics / errors before finalizing.
Verify cover letter date and all K-1 dates are correct and consistent.
Invoice issued and prior year balance received before release.
Tie depreciation schedule to return. Verify additions, disposals, and current-year amounts.
Confirm election statement is attached to the return.
Compare current year expenses to prior year. Note significant variances or unusual items.
Confirm CA FTB payment has been made. Record date and amount.
2024 settled, 2025 correct on return, 2026 estimated payment made.
Confirm beginning and ending recourse/nonrecourse liabilities are correctly allocated and agree to the balance sheet.
Review Schedule B-1 and confirm all partners owning 50% or more (directly or indirectly) are listed with correct ownership percentages.
Verify all special allocations are supported by the partnership agreement and documented.
Confirm beginning and ending balances agree to prior year return and trial balance.
Review guaranteed payments for accuracy and confirm proper deduction on return and income on partner's K-1.
Confirm all required 1099s and W-2s have been issued.
Confirm all required state returns are prepared and included in the filing package.