The Internal Revenue Service and the Treasury Department released proposed drafts of redesigned partnership form schedules for tax year 2021 (filing season 2022) that aim to provide more clarity for ...

They say that two heads are better than one, and that's how partnerships came to be. Whether you're a doctor looking for a peer to take on more patients, a lawyer who wants to branch out into ...

Whenever more than one person enters into business together, a partnership is formed. In the best-case scenario, a partnership agreement is drafted and the rules of the partnership are expressed to ...

The IRS has proposed adding two new schedules to Form 1065, U.S. Return of Partnership Income, to help standardize the format in which partnerships report international tax items, beginning with tax ...