A Step-by-Step Guide of IRS Form 1065

For someone interested in the partnership business, you need to get acquainted with IRS Form 1065. A partnership’s income, gains, losses, deductions, and credits are reported on IRS Form 1065, an annual informative tax return. As pass-through businesses, partnerships and… Read More »

Sam and Phillip are the business partners for over 5 years now. Both are aware of each other’s business practices and therefore often rely on each other for completion of the work. But when it comes to paying taxes both… Read More »