What is Form 1065?

Form 1065 is what a large partnership files with the IRS stating its profits, losses, deductions, and credits, as well as its partners' shares of the same. Form 1065-B may be used in rare circumstances to pay taxes, most partnerships do not pay taxes directly and the tax liability is passed through to each partner.

So, who is required to submit Form 1065?  That’s a question that demands a firm and certain answer.  Companies that may be required to file Form 1065 include general partnerships, limited partnerships, and limited liability companies.  There are things that you should know about this required document.

When you trust CPA Michael Mathews with all of your corporate tax matters you don’t have to be an accountant yourself.  Michael has been a financial friend to business owners throughout the Vegas Valley for many years.  For all of your accounting and tax preparation needs make an appointment at his 2620 Regatta Drive Suite 102 office by calling (702) 240-5237.

iHeart Radio Music Festival 2018, Sept 21-22

iHeart Radio Music Festival 2018

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Sept 21 - 22, 2018

T-Mobile Arena

 

 

Is the Next Year the Big Year?

Have you determined that 2018 will be the final year that you work full-time?  If so, this upcoming fourth quarter would be a perfect time to plan for it.  Health of course is an issue, but just as important to a stress-free retirement is and will continue to be your financial situation.  So, why not prepare now…even if you are two years away?

Maybe you have thought ahead by stashing available dollars in a 401(k) or an IRA.  What happens when you start distributing this cash?  Have you carefully planned for the tax ramifications?  Prudent planning can reduce those effects.  Perhaps a strategy known as “discounted retirement” is right for you.

Make an appointment and we will begin sorting it out before the busy tax season arrives.  Mike Mathews is a Certified Public Accountant who has been serving the Las Vegas area for decades.  He will discuss your specific retirement plans and dreams with you at his office located at 2620 Regatta Drive Suite 102 in the Northwest.  Call ahead at (702) 240-5237.