Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

ROCK HILL, SC / ACCESSWIRE / March 4, 2024 / As tax season continues, many IRS deadlines are on the horizon for businesses. Some of the most notable and fast-approaching business tax returns include ...

ROCK HILL, SC / ACCESSWIRE / March 15, 2024 / Tax season can be a stressful time for businesses, but ExpressExtension is here to alleviate the pressure by offering a seamless solution for extending ...

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them. In ...

Form 1065, also known as schedule K-1, is a tool you can use to calculate your share in a partnership. In the event of a partnership's liquidation, portions of the partnership are divided between each ...

Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes ...

The IRS issued on June 14, 2023 a draft of the Form 1065, Schedule K-1 for 2023. There are no instructions yet (which may take several months to get released). Here is a recap of the changes that will ...

Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

The IRS last Friday posted a revised draft version of the 2022 Partnership Instructions for Schedule K-2 and K-3 (Form 1065) and, on Monday, it posted a similar revised version of the 2022 S ...

To allow partnerships that may have made errors on their 2018 tax returns a chance to correct those errors, the IRS is granting certain partnerships a chance to file superseding 2018 tax returns (Rev.