Business Entities
Partners and Shareholders receive this form to report their distributable share of income.
What is Schedule K-1?
A person who can be claimed as an exemption by a taxpayer.
What is a dependent?
I am due by April 15th
You can fill me out using a pro (like all of you) or do it yourself
I report your salary, wages, taxable interest, any investments and any other income
What is Form 1040?
I own a farm and would let you ride my tractors.
Who is Ronny?
What's the basketball tournament going on down the road?
What is the SEC tournament?
This establishes what a partner is entitled to receive upon liquidation of the partnership
What is partner's capital account balance?
If you are a minor and make over $12,400 a year, do you still need to file your taxes?
What is Yes- your parents need to fill it out?
I am a non-profit. What form do I file my tax return on?
What is Form 990?
How do you spell the potential new office building in Germantown?
What is N-E-U-H-O-F-F?
The world's largest fast food restaurant famous for their clown mascot
Who is McDonalds?
This schedule analyzes adjustments to the accumulated earnings account, other adjustments account, and previously taxed income account in 1120S
What is M2?
Non-W2 taxpayers who earn or receive money throughout the year pay this type of tax so as not to owe anything or too much at the end of the year
What are quarterly taxes?
I am an entity that has a financial interest in or signature or other authority over at least one financial account located outside the United States. What form do I need to file to avoid a $10,000 failure to file penalty?
What is FBAR?
I am the person that you reach out to for State Income Tax Questions, along with Brian.
Who is Anna Cronic?
What is the highest mountain in the USA?
Denali
The name for determining tax liability for financial statement purposes
What is tax provision?
To list allowable expenses on your personal tax return
What is itemizing?
Non-W2 taxpayers who earn or receive money throughout the year pay this type of tax so as not to owe anything or too much at the end of the year
What are quarterly taxes?
How many cubicles are in the office?
What is 10
This is the only continent without deserts.
What is Europe?
The three primary reasons why a partner's outside basis is important
(i) determines when distributions are taxable
(ii) provides a limit on the deductibility of losses
(iii) determines partner's G/L on sale or liquidation of partnership interest
Which is more valuable- a $1 tax deduction or a $1 tax credit?
What is a $1 tax credit?
The Seller and Buyer need to file me with my federal tax return when I acquire another business.
What is Form 8594?
Name 5 Nashville Advisory Team Members. (Brandon doesn't count since he is Office Managing Partner.)
Who is...
Bryant, Jessica
Casper, Jones
Davis, Scott
Deason, John
Eshleman, Kurt
Felix, Cat
Hanus, Breanna
Keller, Austin
Langemeier, Logan
Maier, Emily
Mark, Adam
Milliet, Mindy
Ollinger, Elison
Patel, Heta
Pryhoda, John
Robinson, William
Sandell, Jesse
Sherrill, Samantha
Spray, Josh
Swigor, Chad
Wiley, Alexis
Zotti, Chris
Who was the 27th President of the United States.
Bonus Points if you can name the VP.
Who is William Howard Taft and Who is James S. Sherman?