Partnerships are reported on Form 1065 and must adhere to the strict guidelines set forth by the federal government on reporting income and expenses by ownership percentage. Because of these guidelines, any profit/loss is reported on an individual’s personal tax return based on percentage of ownership.
Do you know what your liability portion is currently? Our knowledgeable staff can guide you through all these questions and more.
Wilmington N.C., Carolina Beach, Kure Beach, Fort Fisher, Porters Neck, Hampstead, Scotts Hill, Wrightsville Beach
Landfall N.C., New Hanover County, Pender County, Topsail Beach N.C., Surf City N.C., North Topsail N.C., Holly Ridge N.C.
Phone: (910) 686-1155
Email: Accountingbyjerry@ec.rr.com
Address: 6740 Rock Spring Road, Suite 200 Wilmington, NC 28405
Business Hours:
Tuesday and Thursday Evening:
Until 8 p.m. (by appointment only)
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