Creating a Basic Form 990 – Return of Organization Exempt From Income Tax Organizations that are exempt from income tax under IRC section 501(a) are required to file an annual information return, and...
Types of Tax Exempt Organizations Generally, an annual return (Form 990, 990-EZ, or 990-PF, as appropriate) or an annual notice (Form 990-N) is required to...
Creating a Basic Form 1065 – U.S. Return of Partnership Income Creating a basic tax return for a Partnership is done in the Business Program of the Keystone Tax Solutions Pro...
Form 1065 – Partner’s Adjusted Basis Worksheet When completing the Form 1065 – US Return of Partnership Income, each partner is required to be given a Schedule...
Form 1125-A – Cost of Goods Sold Form 1125-A is used by business return filers (Form 1065, 1120 and 1120-S) to calculate and then deduct the cost...
Form 1065 – Schedule M-1 – Reconciliation of Income (Loss) per Books With Income (Loss) per Tax Return Is Schedule M-1 required to be filed with your client’s tax return? Read this article to learn more. In many...
Form 1065 – Schedule M-2 – Analysis of Partners’ Capital Accounts Schedule M-2 – Analysis of Partner’s Capital Accounts is the section in Form 1065 – U.S. Return of Partnership Income...
Form 1065 – Schedule L – Balance Sheets per Books Looking to complete a balance sheet for your client? Read on to learn more. Schedule L – Balance Sheets per...
Form 1065 – Where to Enter Capital Gains and Losses Capital gains and losses are reported on Schedule K of a Form 1065 Partnership return. To enter capital gains or...
Form 1065 – Accounting Methods The accounting method is a set of rules used to determine how income and expenditures are reported. Figure ordinary business...