The IRS has once again expanded access to its IRS.gov online platform, allowing business organizations like partnerships to ...

Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the ...

Partnerships are an enigma under federal tax law. Although the partnership files an annual income tax return (i.e., Form 1065), the partners report their allocable share of the partnership’s tax items ...

The Internal Revenue Service has been stepping up its audits of large partnerships lately, but partnerships have some ways to correct errors on the returns they've already filed to help them avoid ...

A partnership is the fastest-growing form of operating a business in America. Partnerships offer much flexibility in tax reporting. The most significant element of this flexibility is the partners’ ...

Anything that affects your business — from revenue and expenses to payroll and insurance — can impact your tax situation.

The American Institute of CPAs has sent a letter to the Multistate Tax Commission and a related work group recommending changes in their proposed approach to state tax sourcing of partnership income.