Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the partnership’s income, deductions and credits flow directly to the individual ...

Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

The 2025 tax filing season has been underway for over 5 weeks. If you're looking to get your taxes done as we approach the April 15 deadline, consider using this easy resource that enables millions of ...

WASHINGTON -- Millions of Americans will be able to start preparing to file their taxes Friday when the IRS Free File Guided Tax Software goes live. The program offers free tax filing services through ...

The Internal Revenue Service has been stepping up its audits of large partnerships lately, but partnerships have some ways to correct errors on the returns they've already filed to help them avoid ...

The deadline to file federal taxes and request an extension is Tuesday, April 15. New York has varying deadlines for individual, partnership, and fiduciary tax extension requests. Taxpayers can ...