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Why are important to the partners of a partnership

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Reference no: EM132708661

Problem 1: Partnerships must file a tax return known as Form 1065. This notifies the IRS as to the company's financial activity throughout the year. Part of Form 1065 also includes K-1s. What are K-1s? Why are they important to the partners of a partnership?

Reference no: EM132708661

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