Tax Preparation for Limited Partnership
In a Limited Partnership, there is at least one or more partners that act as a limited partner while at least one acts as a general partner. Though each have different responsibility and roles, each partner has the obligation of filing some type of tax form to the IRS.
Tax preparations for Limited Partnerships include completing and filing several different types of tax forms, dependent on the partnership’s financial business status and the partners role in the company. Our San Diego tax specialists at Abbo Tax CPA can help determine which forms you will be required to file and assist in ensuring that the taxes for the Limited Partnership are filed accurately and on time.
Seeking Professional Tax Services:
Generally Limited Partnerships file the Form 1065, although each member of the partnership assumes the responsibility to provide the details of his share through additional IRS forms.