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Tax Guide

Form 1120S Schedule K-1: S-Corporation Shareholder Profits

Continuing the conversation from last week about tax forms for corporations, there’s another type of Schedule K-1, for S Corporations. The tax return for an S corporation is the ...

Tax Guide

1065 Schedule K-1: Share of Partnership Profits or Losses

If you are involved in a business partnership, you know that the income from your business “passes through” the partnership and is taxed as your income. Yet the IRS ...

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