If you can't submit your tax return by April 15 and owe taxes, apply for an extension to avoid expensive penalties. It's important to file on time, even if you can't pay what you owe; you can work out ...

Schedule K-1 is one of the most complex tax forms that an investor is ever likely to see. It's hard enough to understand from a federal income tax perspective, but when you add in the implications of ...

Schedule K-1 details income from pass-through entities for tax reporting. Investors must allocate K-1 income by state to meet nonresident tax obligations. Credits may be available for taxes paid to ...