Even if you don't have any revenue during the year, you still need to file your business tax return. Business Expense Excel Spreadsheet-LLC-BEESL31321: [ Ссылка ]
If you have an LLC or a partnership you would file Form 1065 U.S. Return of Partnership Income.
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When do you file Form 1065?
You should file your Form 1065 by March 15.
How to complete IRS Form 1065 and Schedule K-1 For your LLC with no Revenue
If you started a trade or business and the first year you worked at it and didn’t generate any revenue, the cost would go on page 1. The loss would go on schedule K of Form 1065 line 1.
How to complete IRS form 1065 for a business activity you didn’t participate in?
If you have a trade or business and you didn’t materially participate in it, the expenses will go on page 1 as well as the revenue. The activity income or loss would go on schedule K line 1 and distributed on schedule K-1s for partners. A partner that didn’t materially participate in the trade or business conducted by the partnership, has a passive activity income or loss.
Full blog article: [ Ссылка ]
Depreciation Spreadsheet-DS22821: [ Ссылка ]
Depreciation Summary Spreadsheet-DSS22821: [ Ссылка ]
Business Expense Excel Spreadsheet-LLC-BEESL31321: [ Ссылка ]
2021 Federal Tax Forms and Instructions: [ Ссылка ]
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Playlist: How to Complete Form 1065 LLC Tax Return: [ Ссылка ]
Videos:
1-How to complete 2021 IRS Form 1065 and Schedule K-1 For your LLC with no Revenue:
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2-How to complete 2021 IRS Form 1065 and Schedule K-1 For your LLC with no Revenue: [ Ссылка ]
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