Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including ...

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 ...

If you've ever invested in a business that uses one of several different types of legal structures, such as partnership, "C" corporation, or LLC, then you've probably received a Schedule K-1 in the ...

Personal Finance. American Finances Updates: Updates on Tax Rebates, Car Insurance Refunds, Bonus Checks worth $2,000... Personal Finance. Gas Prices Today, October 8, 2022: Check the Cheapest Gas ...

I review a lot of partnership K-1s that my firm prepares. I also see a lot of partnership K-1's that are prepared by other firms. Now nobody is perfect, but I have a pretty high level of confidence in ...

This much-hated tax form has gotten a lot more common lately. Income investors have faced a huge problem lately: how do you generate income from an investment portfolio with extremely low interest ...

On May 5, 2016, the Department of Treasury and the Internal Revenue Service published final and temporary regulations amending Treasury Regulations §301.7701-2 under Section 7701 of the Internal ...