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Tax Preparation for partnerships can be time consuming and complicated. We can help.
While partnerships do not generally pay income tax to the IRS, partnerships must still file an annual information tax return. Partners in the company use that same information to determine individual share of taxable income.
If you are a member of a partnership that carries on a trade or business, your distributive share of partnership income is taxable to you on your tax return. We can help with your partnership's information tax return, including Schedule K-1 and distributable taxable income.
We have extensive experience preparing financial reports of all kinds, including informational tax returns. Combine our experience in preparation with our extensive knowledge of tax law and tax strategies and you get unequalled service.