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Hi, I would to like to know the answers of this part. And I also sent u already tax returned form on your support mailed.
I would to like to know the answers of this part. I need help for this tax return form 1065. And I also sent u already tax returned form on your support mailed. plz help me for this question. please let me know the answers of this question. I need to make tax return form 1065 plz solve this problem to help the tax return. how to fix this problem in this form 1065
Total Assets $5,000,000
Gross Receipts $1,000,000
Cost of Goods Sold $400,000 (assume no beginning and ending inventory and
purchases are $400,000)
ABC LLP. uses FIFO method for determining the cost of goods sold and the cash
method for all other income and expenses.
Guaranteed payment paid to Bee Jones, 40% partner, SSN-222-22-2222, was
Salaries and wages paid to employees was $50,000
Office Rent paid for home office was $10,000
Supplies expense totaled $40,000
The partnership manufacturers clothing.
Partner ownership (capital, profit and loss) is as follows:
All partners materially participate in the day-to-day partnership operations.