If you've ever invested in a business that uses one of several different types of legal structures, such as partnership, "C" corporation, or LLC, then you've probably received a Schedule K-1 in the ...

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including ...

If you had a loved one who died last year, you may be faced with the need to file taxes for an estate or a trust. When a ...

Limited liability companies, or LLCs, are legal business structures formed by filing documents with the state. The Internal Revenue Service automatically treats LLCs with more than one owner as a ...

Personal Finance. American Finances Updates: Updates on Tax Rebates, Car Insurance Refunds, Bonus Checks worth $2,000... Personal Finance. Gas Prices Today, October 8, 2022: Check the Cheapest Gas ...

Let me say up front, I don’t claim to know the answer to the question posed in this post’s title, or pretend there’s a simple yes-or-no answer. It very well may be that the answer depends on the ...

This much-hated tax form has gotten a lot more common lately. Income investors have faced a huge problem lately: how do you generate income from an investment portfolio with extremely low interest ...

Few people enjoy doing their taxes, but commodity investors have extra reason to dread them: the Schedule K-1 form. Issued by 39 commodity ETFs, including some of the largest funds in the space, ...

The Internal Revenue Service released drafts of the two critical partnership forms for 2019. The proposed versions of Form 1065, “U.S. Return of Partnership Income” and Schedule K-1, “Partner’s Share ...

If you've ever invested in a business that uses one of several different types of legal structures, such as partnership, "C" corporation, or LLC, then you've probably received a Schedule K-1 in the ...