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Form 1065 (Schedule C) online NV: What You Should Know

M-1 (depending on whether you are an LLC, S Corporation, or a sole proprietorship), reporting only your share of partnership income and expenses and your share of your investment income and expenses.  The chart to the right shows your state tax rates if you make your share of investment income and expenses through a partnership instead of filing Form 1065 Form Schedule C — NOT — If you are a sole proprietor or a partnership, all your share of this income and expenses will be reported to the Nevada Division of Taxation, your Tax Department. All business income reported in Schedule C will be reported in Box 1 only on your Tax Return.  Form Schedule K-1 — Filing and Payment of Taxes by an LLC is a legal entity created by a person or persons and not by state government. An LLC must file a Certificate of Authority to Form LLC if it wishes to take advantage of Nevada's limited liability laws and elect to take business income and expenses for its operation through an attorney or to take income and expenses for its operation through some other process. For more information on LLC's, see here. Form LLC-6 — If you are filing an LLC, you must file a Form LLC-6 with your Tax Return.

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