Sunny Smiles Day Care Center is organized as a partnership. Which one of the following business tax forms will the owners need t

Question

Tema [17]

3 years ago

12

Sunny Smiles Day Care Center is organized as a partnership. Which one of the following business tax forms will the owners need t

o file 75 days after the close of the fiscal year?
a. Form 990
b. Schedule C
c. Form 1065
d. Form 1120

Social Studies

2 answers:

dem82 [27] · Answer 1 · 2022-05-24T02:32:01+03:00

dem82 [27]3 years ago

7 0

The business tax forms that the owners need to file 75 days after the close of the fiscal year is : C. Form 1065

In IRS form, The Form 1065 must be filled with various information in Partnership business, such gain , loss, deduction, Credits, etc

malfutka [58] · Answer 2 · 2022-05-24T04:37:18+03:00

The answer is C. Form 1065. According to IRS's website, child care centers should be a separate place from the owner's residence. If it will be organized by a partnership, the business tax form to be used will be Form 1065. As for S Corporations, it will be 1120 while for corporations would be Form 1120.