At its very simplest, a partnership can be defined as a business entity that consists of two or more joint-owners that have come together to make a profit. These owners are collectively known as ...

You may have the skills and ability to start and run a very successful business, however, you may not have the necessary capital to finance it. You need a partner, one who has the money you require, ...

The Internal Revenue Service and the Treasury Department released proposed drafts of redesigned partnership form schedules for tax year 2021 (filing season 2022) that aim to provide more clarity for ...

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1 as long as they haven’t opted out of the IRS’s new ...