Accountants for K1 Partnership Income for Forensic Accounting
Need to outsource something else? Search for proactivefinancial advisorsandfractional CFOson Sam’s List too. Make sure to check the reviews, it’s one of the most important parts of your vetting process!
Featured Accountants
Good Operator - Accounting, Finance, Tax, & Fractional CFO
23 Client Reviews
"Chase was kind, clear, and went out of his way to support even though we resolved I could handle things on my own without a third party. Would definitely refer him to other entrepreneurs and will reach out again later down the line :)"
YOLO Numbers
4 Client Reviews
"Great! They took some really messy books, cleaned them up, did much better tax planning than my former accountant.
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Accountants
Good Operator - Accounting, Finance, Tax, & Fractional CFO
23 Client Reviews
"Chase was kind, clear, and went out of his way to support even though we resolved I could handle things on my own without a third party. Would definitely refer him to other entrepreneurs and will reach out again later down the line :)"
Iota Finance
12 Client Reviews
"Great! They are fast and responsive. They get the work done."
YOLO Numbers
4 Client Reviews
"Great! They took some really messy books, cleaned them up, did much better tax planning than my former accountant.
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
ECOM CPA
4 Client Reviews
"I'm working with whitney and she's been very helpful, fast with responses, detailed and able to resolve any issue I've had"
Red Bike Advisors
Red Bike Advisors is on a mission to help small business owners and medical practice owners simplify, streamline, and save with “Know Your Numbers” financial and tax insights.
Alicia Tashiro
One dedicated team handles your complete financial operations—bookkeeping, CFO advisory, and tax strategy—so you can focus on growing your business.
Showing 1 - 6 of 6 results
FrequentlyAsked Questions
What is Schedule K-1 income?
Schedule K-1 reports a partner’s or beneficiary’s share of income, losses, deductions, and credits from pass-through entities like partnerships, S corps, or trusts.
Why is K-1 income hard to file on your own?
K-1s often involve passive income, basis tracking, loss limits, capital gains, and multi-entity coordination. Missing a detail can lead to IRS penalties.
How is K-1 income taxed?
K-1 income is taxed on your personal return—based on the type of income passed through (e.g., interest, dividends, capital gains, rental income, etc.). The entity itself isn’t taxed.
What happens if I leave out a K-1?
The IRS receives copies of all K-1s. If you omit one, you risk audits, late fees, and amended returns. Extensions are common if you’re still waiting for a K-1.
Do I need a CPA for K-1s?
If you have multiple K-1s, real estate investments, or complex partnership interests, hiring a CPA or EA experienced in K-1 income is strongly recommended.
What Does a K-1 Income Accountant Help With?
These accountants specialize in tax strategies and filing support for clients who receive one or more K-1s. That includes:
Accurate K-1 Reporting: Partnership (1065), S corp (1120S), and trust/estate (1041) income.
Basis & At-Risk Tracking: So you only deduct losses you’re actually eligible for.
Passive Activity Loss Rules: Navigate §469 limitations and real estate PALs.
Real Estate Syndication Tax Strategy: Depreciation, capital accounts, and timing exits.
Foreign or Complex Investments: Including foreign tax credits, PFICs, and FATCA forms.
Multi-Entity Coordination: Integrating your K-1s with W-2s, 1099s, and other income streams.
Quarterly Tax Estimates & Planning: Avoid underpayment penalties.
These aren’t basic tax preparers. They’re experts in K-1 income strategy—especially for real estate investors, private equity LPs, and trust beneficiaries.
Accurate K-1 Reporting: Partnership (1065), S corp (1120S), and trust/estate (1041) income.
Basis & At-Risk Tracking: So you only deduct losses you’re actually eligible for.
Passive Activity Loss Rules: Navigate §469 limitations and real estate PALs.
Real Estate Syndication Tax Strategy: Depreciation, capital accounts, and timing exits.
Foreign or Complex Investments: Including foreign tax credits, PFICs, and FATCA forms.
Multi-Entity Coordination: Integrating your K-1s with W-2s, 1099s, and other income streams.
Quarterly Tax Estimates & Planning: Avoid underpayment penalties.
These aren’t basic tax preparers. They’re experts in K-1 income strategy—especially for real estate investors, private equity LPs, and trust beneficiaries.
Not sure who’s right for you with your K1 partnership income? Answer a few quick questions, and we’ll introduce you to someone who fits.
Find & Connect with Accountants, Fractional CFOs, and Financial Advisors
Company
Professional Services
Help Guides
Sam’s List is a directory for exploring accountants, bookkeepers, fractional CFOs, financial advisors, and wealth managers. We do not provide financial, investment, tax, or legal advice, nor do we recommend or endorse any specific professional. Some professionals participate in paid programs for additional visibility or leads. Users should independently verify any professional before engaging their services. Learn more in ourTerms of Service.
