Partnerships use schedule K-1 tax forms to avoid tax penalties by distinguishing business income and personal income.

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them.

S Corporations & Partnerships can now prepare, e-file, and deliver Schedule K-1s easily with TaxZerone — All in One ...

The MarketWatch News Department was not involved in the creation of this content. March 17, 2025, is a key tax deadline for businesses, but they can request an extension of time using Form 7004 ...