Tools for Business
What do you want to see?
Preferences: Music / Languages 
Click the topics you want in your toolbox.
Pulaski-Giles County Economic Development Commission Tools for Business |
Pulaski-Giles County Economic Development Commission Tools for Business |
| Each partnership must file a federal form 1065. Each partner's share of net income is reported to the IRS and to the partners using Schedule K-1. Partners pay income tax on their portion of net income by attaching Schedule K-1 and IRS 1040 Schedule E to their federal 1040 tax return. | ||||||||||
| Forms to use | IRS 1065 Annual Tax Return for Partnerships Schedule K-1 forms for partners |
|||||||||
| How often? | Annual reporting requirement | |||||||||
| Good news for small businesses! |
If your partnership:
| |||||||||
| How to complete IRS 1065 |
| |||||||||
| Partners...what to do with your K-1 | 1065 Schedule K-1 information should be entered on IRS 1040, Schedule E, Part II. The information from Schedule E is entered on line 17 of form 1040. | |||||||||
| Due date | Forms 1065 and the partners' Schedule K-1s are due March 15. To help your partners meet their tax deadline, complete the forms as soon as possible. | |||||||||
| How to submit | Mail 1065 with copies of your partners' Schedule K-1s to the IRS. Do not pay any tax.
Click here for the mailing address for IRS 1065.
Give your members their Schedule K-1s. They should pay any tax due with their
IRS 1040.
Partners should attach Schedule SE, and Schedule E with their 1040 return. | |||||||||
| Questions? | Call the IRS information hotline (800) 829-4933. For forms, call (800) 829-3676 or obtain them online at http://apps.irs.gov/app/picklist/list/formsPublications.html. | |||||||||
Welcome to the Giles County Business Community!
The answers to a few questions usually determines the best business entity for you.
Learn about Requirements: Get Forms
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Create a Strengths-Weaknesses-Opportunities-Threats report for your business
Where do you stand with your customers?
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Create a Strengths-Weaknesses-Opportunities-Threats report for your business
Where do you stand with your customers?
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Tools to help you create a healthy workplace.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
| 
|
How to set a price to reach your planned gross profitMarkup calculator
Use this to set prices with a markdown.List price mark-down calculator
Use this to create a layaway payment plan.Layaway plan calculator
