Tax Filings

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1 Types

August 31, 2024 4 min read Definitions

Voluntary Disclosure: Informing Tax Authorities about Inaccuracies in Filings

Finance Taxes Voluntary Disclosure Tax Compliance Tax Filings Tax Authorities Penalties

Voluntary disclosure involves taxpayers proactively informing tax authorities about inaccuracies or omissions in their tax filings before they are discovered through audits or investigations. This practice can mitigate penalties and foster compliance.

August 25, 2024 4 min read Definitions

Form 1065: U.S. Tax Form for Partnerships and Joint Ventures

Taxes Accounting Government Regulations IRS Partnerships Joint Ventures Tax Filings Form 1065

Form 1065 is utilized by partnerships and joint ventures in the United States to report financial information to the IRS. This article explores the purpose, components, filing process, and important considerations associated with Form 1065.