Chicago Accounting Articles

Tax Form 1065 K-1 Tax Preparation Chicago Illinois

Updated July 27, 2015   Tax Form 1065 K-1 Tax Preparation Chicago Illinois   Form 1065 is the Federal Partnership Return. Regular partnerships, along with Limited Liability Companies and Limited Liability Partnerships are reported on this return. From a taxation … Continue reading

Comments Off on Tax Form 1065 K-1 Tax Preparation Chicago Illinois

LLC and LLP Financial Statements and General Accounting Chicago Illinois

Updated July 29, 2015   LLC and LLP Financial Statements and General Accounting Chicago Illinois   The financial statements of a limited liability company (LLC) or partnership (LLP) are generally the same as the financial statements of other businesses with … Continue reading

Comments Off on LLC and LLP Financial Statements and General Accounting Chicago Illinois

LLC Tax Rate Chicago Illinois

Updated July 24, 2015   LLC Tax Rate Chicago Illinois   What are LLC and Partnership Tax Rates and Brackets?   Under U.S. Income Tax laws, a partnership is treated generally as if it were nothing more than two or … Continue reading

Comments Off on LLC Tax Rate Chicago Illinois

LLC Financial Statements

Updated July 16, 2015   How do you do financial statements for an LLC or an LLP?   LLC financial statements, from a taxation standpoint, are partnership financials. As such, the equity or ownership side of the balance sheet is … Continue reading

Posted in FAQs | Comments Off on LLC Financial Statements