http://articles.bplans.com/growing-a-business/how-partnerships-are-taxed/136 Business plan articles from the business planning experts Fri, 20 Nov 2009 07:15:41 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://articles.bplans.com/growing-a-business/how-partnerships-are-taxed/136/comment-page-1#comment-3493 Partnership Basics - Business Plan Help & Small Business Articles - Bplans.com Fri, 13 Mar 2009 18:30:46 +0000 http://articles.bplans.com/index.php/business-articles/business/how-partnerships-are-taxed/136#comment-3493 [...] While the partnership doesn’t pay taxes, it must file Form 1065, an informational return, with the IRS each year. This form sets out each partner’s share of the partnership profits (or losses), which the IRS reviews to make sure the partners are reporting their income correctly. For more information on reporting and paying partnership taxes, see How partnerships are taxed. [...] [...] While the partnership doesn’t pay taxes, it must file Form 1065, an informational return, with the IRS each year. This form sets out each partner’s share of the partnership profits (or losses), which the IRS reviews to make sure the partners are reporting their income correctly. For more information on reporting and paying partnership taxes, see How partnerships are taxed. [...]

]]> http://articles.bplans.com/growing-a-business/how-partnerships-are-taxed/136/comment-page-1#comment-3324 How Corporations Are Taxed - Business Plan Help & Small Business Articles - Bplans.com Fri, 27 Feb 2009 18:14:51 +0000 http://articles.bplans.com/index.php/business-articles/business/how-partnerships-are-taxed/136#comment-3324 [...] is the only type of business that must pay its own income taxes on profits. In contrast, partnerships, sole proprietorships and limited liability companies (LLCs) are not taxed on business profits; [...] [...] is the only type of business that must pay its own income taxes on profits. In contrast, partnerships, sole proprietorships and limited liability companies (LLCs) are not taxed on business profits; [...]

]]> http://articles.bplans.com/growing-a-business/how-partnerships-are-taxed/136/comment-page-1#comment-3323 How Limited Liability Companies (LLCs) Are Taxed - Business Plan Help & Small Business Articles - Bplans.com Fri, 27 Feb 2009 18:14:17 +0000 http://articles.bplans.com/index.php/business-articles/business/how-partnerships-are-taxed/136#comment-3323 [...] like a corporation; instead, it is what the IRS calls a “pass-through entity,” like a partnership or sole proprietorship. All of the profits and losses of the LLC “pass through” the [...] [...] like a corporation; instead, it is what the IRS calls a “pass-through entity,” like a partnership or sole proprietorship. All of the profits and losses of the LLC “pass through” the [...]

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