This video covers the basics of LLC/Partnership Taxes for form 1065 and the Schedule K-1. I start out explaining the tax forms and how to do partnership accounting records (and show my spreadsheet template). I connect the dots to show simplify understanding the Capital Account (on schedule K-1), Tax Basis, and Outside Basis & Inside Basis, including what the business needs to track and what members need to track on their own.
Download the free business spreadsheet template (for basic accounting, quarterly taxes & end of year tax write-offs), yes for FREE (with a free e-course) here: www.amandarussell.mba/gettheb...
Check out the SMALL BUSINESS SCHOOL (which is now individual courses you get buy based on the challenge/topic that you need help with): www.bizschool.coach/courses
Other videos that you might like....
HOW DO I PAY MYSELF IN MY BUSINESS [PART 1]: • How To Pay Myself In M...
4 TAX SAVINGS STRATEGIES FOR OWNER PAY [HOW DO I PAY MYSELF IN MY BUSINESS PART 2] • 4 TAX SAVING STRATEGIE...
HOW TO OVERCOME PROCRASTINATION • Procrastination In Bus...
THE EASIEST AND CHEAPEST WAY TO TRACK YOUR ACCOUNTING RECORDS (SOFTWARE VS. APPS VS. BOOKKEEPERS): • Best Way To DIY Your A...
S-CORPORATION CALCULATOR - When & How the S-corp Saves You Taxes! • S-Corporation Tax Calc...
The Balance Sheet Explained: • Balance Sheet Explaine...
What is a Holding Company? • What is a Holding Comp...
Does the LLC save taxes? • Tax Benefits of LLC vs...
Sole Proprietor vs. LLC vs. S-corp: • Sole Proprietor vs. LL...
How Businesses are Taxed: • How To Choose Your Bus...
9 Short Steps to Create Your LLC: • 9 Steps to Create Your...
DIY Tax Video Series - File Taxes Online For Free
- Choosing free way to file for federal and state: • Can I Really File My T...
- STEP-BY-STEP TUTORIAL: Filing your taxes for free in any situation • STEP-BY-STEP Tutorial:...
- STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE • How To File Your Self-...
- STEP-BY-STEP TUTORIAL: Home Office Tax Write-off - Worksheet for tracking • Home Office Tax Write-...
14 июл 2024