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...

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 more sole proprietorships put together....

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 different. Partnerships are...