27 Nov Guaranteed Payments form 1065 and the K-1
This webinar provides a general overview for tax professionals to increase their Potential on the topic of guaranteed payments. It will explain what a guaranteed payment is, when and how it can be used, and show how guaranteed payments are reported on the income tax return. Several examples will be provided to show the process of reporting on form K-1 and form 1065. We will also discuss how guaranteed payments affect QBI.