Form 1065: U.S. Partnership Return of Income

AuthorJack Zuckerman
Pages58-81
58 / THE BUSINESS TAx RETURN HA NDBOOK, FOURTH EDITION
OMB No. 1545-0099
Form 1065
. 2013
ending
Department of the Treasury
Internal Revenue Service G
Information about Form 1065 and its separate instructions is at www.irs.gov/form1065 .
Principal business activityAEmployer identification
number
Type
Principal product or service Date business startedB E
or
Print
Business code number Total assets (see instrs)C F
Check applicable boxes: Address change Amended return
G (1) (2) (3) (4) (5)
'
(6)
G
Check accounting method: Cash Accrual Other (specify)
(1) (2) (3)
G
Num who was a partner at any time during the tax year
I
Check if Schedules C and M-3 are attached. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J
Caution.
Include
only
trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1a 1a
b1b
Returns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c1c
Balance. Subtract line 1b from line 1a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 2
Cost of goods sold (attach Form 1125-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 3
Gross profit. Subtract line 2 from line 1c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
N
C4Ordinary income (loss) from other partnerships, estates, and trusts
(attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
ENet farm profit (loss) (attach Schedule F (Form 1040)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 5
Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 6
Other income (loss)
7(attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Total income (loss). Combine lines 3 through 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8
9 9
Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Guaranteed payments to partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 10
ERepairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 11
E
Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 12
I
NRent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 13
T
E14 Taxes and licenses
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 15U
CF16a 16a
Depreciation (if required, attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . .
T
IbLess depreciation reported on Form 1125-A and elsewhere on return. . . . 16b 16c
NDepletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 17
I18
Retirement plans, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
I
T19 19
Employee benefit programs
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A
T20 Other deductions
I(attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
N
Total deductions. Add the amounts shown in the far right column for lines 9 through 20. . . . . . . . . . . . . 21 21
22 Subtract line 21 from line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which
preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instrs)?
A A
Signature of general partner or limited liability company member manager Date Yes No
Print/Type preparer's name Preparer's signature Date PTIN
Check if
self-employed
Paid G G
Firm's name Firm's EIN
Preparer
G
Firm's address
Phone no.
PTPA0105L 12/19/13
Form
1065
(2013)
Legal 95-0000001
Services 12/04/2002
541190 243,898.
DEALMAKER & CODEHEAD
8462 Gavel Dr., Suite 711
Los Angeles, CA 91357
X
3
3,405,694.
3,405,694.
3,405,694.
3,405,694.
1,363,144.
11,110.
237,187.
61,228.
6,214.
6,214.
1,149,221.
2,828,104.
577,590.
X
P01690465
WHITE ZUCKERMAN WARSAVSKY LUNA HUNT LLP 95-4115549
15490 VENTURA BLVD 3RD FL
SHERMAN OAKS, CA 91403-3016 (818) 981-4226
JACK ZUCKERMAN JACK ZUCKERMANJACK ZUCKERMAN JACK ZUCKERMANJACK ZUCKERMAN JACK ZUCKERMAN
JACK ZUCKERMAN JACK ZUCKERMAN
See Statement 1
PART TWO: PARTNERSHIPS / 59
Page
2
Form 1065 (2013)
What type of entity is filing this return? Check the applicable box:
1 Yes No
Domestic general partnership Domestic limited partnership
a b
Domestic limited liability company Domestic limited liability partnership
c d
G
Foreign partnership Other
. . . . . . .
e f
At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity
2
treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or
similar person?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
At the end of the tax year:
3
Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt
a
ment own, directly or indirectly, an interest of 50 or more in the profit, loss, or capital of
the partnership? For rules of constructive ownership, see instructions. If 'Yes,' attach Schedule B-1, Information on Partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Did any individual or estate own, directly or indirectly, an interest of 50 or more in the profit, loss, or capital of the
b
partnership? For rules of constructive ownership, see instructions. If 'Yes,' attach Schedule B-1, Information on Partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
At the end of the tax year, did the partnership:
4
Own directly 20 or more, or own, directly or indirectly, 50 or more of the total voting power of all classes of stock entitled
a
to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If 'Yes,' complete (i)
through (iv) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(i) Name of Corporation (ii) Employer (iv) Percentage
(iii) Country of
Identification Owned in
Incorporation
Number (if any) Voting Stock
Own directly an interest of 20 or more, or own, directly or indirectly, an interest of 50 or more in the profit, loss, or capital
b
in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For
rules of constructive ownership, see instructions. If 'Yes,' complete (i) through (v) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(i) Name of Entity (ii) Employer (v) Maximum(iii) Type of (iv) Country of
Identification Entity Percentage
Number (if any) Owned in Profit,
Loss, or Capital
Yes No
Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section
56231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details . . . . . . . .
6Does this partnership satisfy all four of the following conditions?
a
bmillion.
c
with the return and furnished to the partners on or before the due date (including extensions)
for the partnership return.
dThe partnership is not filing and is not required to file Schedule M-3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If 'Yes,' the partnership is not required to com m F on page 1 of Form
Item
7Is this partnership a publicly traded partnership as defined in section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to
reduce the principal amount of the debt?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
as this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on
any reportable transaction?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
At any time during calendar year 2013, did the partnership have an interest in or a signature or other authority over
a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and
Financial Accounts (FBAR) (formerly TD F 90-22-1). If 'Yes,' enter the name of
the foreign country. G
PTPA0112L 12/19/13 Form 1065 (2013)
DEALMAKER & CODEHEAD 95-0000001
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X
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