Accountants for K1 Partnership Income for Payroll Services
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Featured Accountants
Good Operator - Accounting, Finance, Tax, & Fractional CFO
24 Client Reviews
"Chase is generous with his time and knowledge and genuinely cares about small businesses. He is kind and clear and makes sure you understand and have what you need. I find him to be patient and methodical and very human. I highly recommend him and his team."
Steady Co - Accounting, Tax & Fractional CFO
13 Client Reviews
"Everything has been easy, professional, and straight forward."
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
24 Client Reviews
"Chase is generous with his time and knowledge and genuinely cares about small businesses. He is kind and clear and makes sure you understand and have what you need. I find him to be patient and methodical and very human. I highly recommend him and his team."
Iota Finance
12 Client Reviews
"Great! They are fast and responsive. They get the work done."
Steady Co - Accounting, Tax & Fractional CFO
13 Client Reviews
"Everything has been easy, professional, and straight forward."
Solopreneur Tax
9 Client Reviews
"Excellent experience and would recommend to others. I'm not sure why anyone works with big firms anymore when you can have full confidence that you will get great expertise and service likes this."
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!"
Anomaly CPA
2 Client Reviews
"Fantastic team at Anomaly - Been a client for years and this is the ONLY place where you get CPA brainpower and legal advice IN ONE PLACE. Before working with Anomaly about something complex, the response from my accountant was "speak to your attorney", who in turn would say "we should hop onto a call with your CPA".
Anomaly brings it all together - like it should be!!!
Brilliant team and terrific insights."
Anomaly brings it all together - like it should be!!!
Brilliant team and terrific insights."
Bookkeeper360
2 Client Reviews
"I have found the overall service invaluable to the success of my business. Highly recommend the team at BK60."
Grace CPA Services
2 Client Reviews
"Great experience. She was fast. Not pushy even though I moved a bit slow and always helpful. I will definitely be working with Stephanie again."
CORE Group
2 Client Reviews
"Fantastic! I highly recommend CORE Group"
Zhong & Sanchez
1 Client Reviews
"Our experience has been phenomenal. Approachable, yet professional. Competitive pricing, broad expertise, immediate solutions, and love how they are leveraging AI and software like Kick.co"
Showing 1 - 10 of 21 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.
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