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What is a form 1065?

Form 1065 is an information tax return that must be filed with the IRS. Partnership tax returns will be used to compute the partnerships taxable income that will flow through to each member of the partnership.

  • Partnerships are a “flow-through entity” and will not be taxed separately (e.g. C Corp).
  • Partnerships are considered to be very similar to S Corporations and will be taxed exactly the same way.
  • Be familiar with Form 1065 and its included line items as you might see various partnership related task-based simulations.

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