You are a great educator! You are the reason I realize how much we need education that deals specifically with gig workers...buisness structure, taxes city, state, federal ,with holdings and setting up 401 k or IRA
Be really careful, 1065's is one of the most involved tax returns there is to file. I would suggest you take it to a professional, it may save you a lot of trouble in the future.
Are 1065 free to send to IRS or is there fee they require in form of Money Order prior to sending it through the mail? And which IRS should i sent them from Ohio?
These types of vids over simplify the process, do you know the basis rules, do you know the difference between inside and outside basis, do you have 704 (c) property? Though the IRS doesn't require a schedule M-1 many states do regardless. Don't try to take out your own appendix and don't try to file a form as complicated as a 1065 after viewing a 10 minute vid. I make a good living representing tax payers before the IRS that try to file their own taxes and screw them up.
