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Unit 3 IP ACCT 460 1065pdfgraded.pdf - Form 1065 U.S....

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Form10652021U.S. Return of Partnership IncomeDepartment of the TreasuryInternal Revenue ServiceGo tofor instructions and the latest information.OMB No. 1545-0123For calendar year 2021, or tax year beginning, 2021, ending, 20.TypeorPrintName of partnershipNumber, street, and room or suite no. If a P.O. box, see instructions.City or town, state or province, country, and ZIP or foreign postal codeAPrincipal business activityBPrincipal product or serviceCBusiness code numberDEmployer identification numberEDate business startedFTotal assets(see instructions)$GCheck applicable boxes:(1)Initial return(2)Final return(3)Name change(4)Address change(5)Amended returnHCheck accounting method:(1)Cash(2)Accrual(3)Other (specify)INumber of Schedules K-1. Attach one for each person who was a partner at any time during the tax yearJCheck if Schedules C and M-3 are attached............................KCheck if partnership:(1)Aggregated activities for section 465 at-risk purposes(2)Grouped activities for section 469 passive activity purposesCaution:Includeonlytrade or business income and expenses on lines 1a through 22 below. See instructions for more information.Income1aGross receipts or sales .................1abReturns and allowances................1bcBalance. Subtract line 1b from line 1a ....................1c2Cost of goods sold (attach Form 1125-A)..................23Gross profit. Subtract line 2 from line 1c ...................34Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) ....45Net farm profit (loss) (attach Schedule F (Form 1040))..............56Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797)..........67Other income (loss) (attach statement)...................78Total income (loss).Combine lines 3 through 7................8Deductions(see instructions for limitations)9Salaries and wages (other than to partners) (less employment credits).........910Guaranteed payments to partners .....................1011Repairs and maintenance ........................1112Bad debts .............................1213Rent ...............................1314Taxes and licenses ..........................1415Interest (see instructions)........................1516aDepreciation (if required, attach Form 4562)..........16abLess depreciation reported on Form 1125-A and elsewhere on return.16b16c17Depletion(Do not deduct oil and gas depletion.)...............1718Retirement plans, etc. .........................1819Employee benefit programs .......................1920Other deductions (attach statement)....................2021Total deductions.Add the amounts shown in the far right column for lines 9 through 20 ...2122Ordinary business income (loss).Subtract line 21 from line 8...........22Tax and Payment23Interest due under the look-back method—completed long-term contracts (attach Form 8697) .2324Interest due under the look-back method—income forecast method (attach Form 8866)...2425BBA AAR imputed underpayment (see instructions)...............2526Other taxes (see instructions).

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Term
Winter
Professor
N/A
Tags
Balance Sheet, Corporation, Types of business entity, partner

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