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  2. Tips for filing small business taxes for the first time - AOL

    www.aol.com/tips-filing-small-business-taxes...

    Typically, any partners in the business are equally and personally liable for any business debts. The Schedule K-1 form (1065) is used to report the amount passed through to each partner's share ...

  3. Schedule K-1 Tax Form Explained - AOL

    www.aol.com/finance/schedule-k-1-tax-form...

    The Schedule K-1 Tax Form Explained - File IRS tax form Schedule K-1 to report your income from "Pass-through entities," such as S corporations, estates, and LLCs. Learn more about when and how to ...

  4. A Guide to Schedule K-1 (Form 1041) - AOL

    www.aol.com/guide-schedule-k-1-form-183054877.html

    Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. A K-1 tax form inheritance statement must be ...

  5. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.

  6. When Are Taxes Due for 2021? Tax Year Dates You Need To ... - AOL

    www.aol.com/finance/taxes-due-2021-tax-dates...

    2021 Tax Dates for Businesses. Feb. 1, 2021 ... file and pay 20 20 income tax. Partnerships file Form 1065 and S ... must provide each partner with a Schedule K-1 showing each partner’s portion ...

  7. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    Thus, income from the LLC is taxed at the individual tax rates. The default tax status for LLCs with multiple members is as a partnership, which is required to report income and loss on IRS Form 1065. Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting ...

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