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IA 1065 Partnership Return of Income, 41 016 2016

Ia 1065 2016-2025 Form

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okay class in this video we're gonna take a look at this form 1065 which is the partnership income tax return for the year now before we look at the specific fields and schedules on this form we have to ask ourselves where are the numbers coming from to fill in this form and basically what you gotta do is go back to your previous accounting classes where you had learned to prepare a company's financial statements so if you remember the first sum we usually prepare is the company's profit or loss or income statement and then we also have the assets liabilities and equity showing up on a company's balance sheet and then where the money is coming from and where is the money going to a steamin of cash flow and some type of analysis of the company's equity stockholders equity or maybe the company's retained earnings so these financial reports these financial statements would be presented to people interested in the financial condition and prof

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