Schedule K1 - Form 1120S

Purpose of Form Use Form 1120-S to report the income, gains, losses, deductions, credits, and other information of a domestic corporation or other entity for any tax year covered by an election to be an S [...]

Schedule K1-1065

Purpose of Schedule K-1 The partnership uses Schedule K-1 to report your share of the partnerships income, credits, deductions, etc. Although the partnership generally is not subject to income tax, you are liable for tax on your share of the partnership income, whether or not distributed. Include your share on your tax return if a return is required. For more information, see the Instructions [...]

How Should I Enter My Business Address on Schedule C?

Enter your business address. Show a street address instead of a box number. Include the suite or room number, if any. If you conducted the business from your home located at the address shown on Form 1040, page 1, you do not have to complete this line. For more information see IRS Instructions for Schedule [...]

Schedule C - Profit or Loss From Business

Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and regularity. For example, a sporadic activity or a hobby does not qualify as a business. This [...]

Can I take a Hawaii MFS exemption for my spouse if we file separately?

If you are married filing separately, you can take your spouses exemption only if your spouse is not filing a return, had no income, and was not the dependent of someone else. If your spouse meets these qualifications, check the Yes box here. If at the end of the taxable year, you were divorced or legally separated, you cannot take an exemption for your former spouse. If you were separated by a [...]