Services Provided by Marco Tax Services
Comprehensive Data Gathering:
You'll need to provide detailed financial information about the partnership, including income, expenses, deductions, and distributions to partners.
Supporting documentation like bank statements, invoices, contracts, and profit and loss statements will be required.
Partnership Tax Return Preparation:
Marco Tax Services will prepare the partnership's tax return (Form 1065) and any necessary schedules.
We'll calculate the partnership's income, deductions, and tax liability.
K-1 Preparation:
Each partner will receive a K-1 form, which reports their share of the partnership's income, losses, deductions, and credits.
1. Partner's Instructions for Schedule K-1 (Form 1065)
Marco Tax Services will prepare these K-1 forms for all partners.
Tax Planning and Optimization:
Optional services we offer is tax planning strategies to help minimize the partnership's overall tax liability.
This could involve considering deductions, credits, and other tax-saving opportunities.
IRS Compliance:
Audit Support (Optional):
