Yes, there's more paperwork with an MLP. Three basic things:
1) The annual statement that lists income will come at the end of February and it should indicate which forms to distribute that income onto (short term cap gains, long term cap gains, business income, dividends, and natural resource royalties are some of the additional forms that I've had to file)
2) If you trade the shares, then your cost basis is reduced by any return of capital each time you sell. The companies I've had provided good info on that, even if I've traded quarterly, though they might get confused as to how much is in an IRA vs. a taxable account and it's up to you to sort that out.
3) You're responsible for state income taxes in states the company operates within. Generally if the income in a particular state is under, say, $500, then don't bother filing for that state.
If you only have one MLP, it's a breeze. If you have a half dozen and never did this before, it's a nightmare... build up your MLP collection slowly until you see what's involved at tax time.