The Internal Revenue Service released an early draft Thursday of the instructions for Form 1065, U.S. Return of Partnership Income, with newly revised directions for how partnerships should report on ...

The Internal Revenue Service has released draft revisions of the Corporate 1120 and Partnership 1065 tax forms, along with related schedules, for public comment. The revisions include a new Schedule B ...

Understanding a Partner's Account on K1. With the partnership business structure, the company files a Form 1065 tax return for the business, but the individual partners claim business profits and ...