For other 2022 tax filing tutorials for Form 1065, see the playlist below:
   • Form 1065 (Partnership Tax) Tutorials  

How to fill out Form 1065 for the 2022 tax year. We have a simple example for an LLC taxed as a partnership that operates a landscaping and lawncare business. This is a twopartner LLC where both partners actively participate in running the business. The business claims 100% bonus depreciation on its fixed asset purchases during the year, and it also claims the Work Opportunity Tax Credit (Form 5884) & the Federal Fuel Tax Credit (Form 4136).

For other form tutorials that might be applicable to your return, check our videos here:

Do you need a partnership return if you lose money?:    • Do I Need to File a Form 1065 Partner...  
Schedule K2 & K3 Filing Exceptions:    • Schedule K2 & K3: Domestic Filing E...  
Form 4136 Fuel Tax Credit:    • IRS Form 4136  Tax Credits for Fuel ...  
Form 5884 Work Opportunity Credit:    • IRS Form 5884  Work Opportunity Cred...  
Schedule C:    • Form 1065 Schedule C  Who Needs to F...  
Schedule B1:    • Form 1065 Schedule B1  Disclosure of...  
Schedule B2:    • How to Elect Out of the Centralized P...  
Form 8825 Rentals:    • How to Complete IRS Form 8825  Repor...  
Record Unreimbursed Partnership Expenses:    • How to Record your Unreimbursed Partn...  
Recourse vs Nonrecourse:    • Recourse vs Nonrecourse Debts of an LLC  
Deducting Business Gifts:    • Can Business Gifts Be Tax Deductible?  
Foreign Owned LLC Form 1065:    • Foreign Owned MultiMember LLC  Form...  
Foreign Owned LLC Partnership Pay No Tax:    • Foreign Owned MultiMember LLC  Pay ...  
Do I Need a Form 1065 If I Lost Money:    • Do I Need to File a Form 1065 Partner...  
Subject to SelfEmployment Taxes?:    • Do I Pay SelfEmployment Taxes on Par...  

For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Selfhelp services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorneyclient or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#IRS #Form1065 #PartnershipTax