![]() In many cases, especially where a partnership/S corporation engages in international transactions, a K-1 comprises of multiple pages of notes, footnotes, directions, references to other tax forms, and other brain numbing details. The partners in a partnership and shareholders in an S corporation are familiar with a Form K-1 that they receive each year showing distributive share of income, deductions, and credits from the partnership/S corporation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |