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DOC1024 (Rev. 02/2009)DIVISION OF ADULT INSTITUTIONS POLICY AND PROCEDURES DAI Policy #: 500.31.17-Page 1 of 4 Original Effective Date: New Effective Date: 06/26/13 06/26/13 Supersedes: N/A Dated:
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Form 17 Page 1 is typically associated with the IRS Form 1065, which is the U.S. Return of Partnership Income, designed for reporting income, deductions, gains, losses, and other tax-related information for partnerships.
Any domestic partnership that has income, deductions, gains, losses, or credits must file Form 1065, which includes 17 Page 1, in order to report their financial activity for the tax year.
To fill out Form 17 Page 1, partnerships must provide basic information including the partnership's name, address, EIN, and check relevant boxes. They must also report income, deductions, and other pertinent financial details.
The purpose of Form 17 Page 1 is to provide the IRS with a summary of a partnership's income, expenses, and other financial activities for the tax year, which helps in determining each partner's share of the income and tax obligations.
Information that must be reported includes the partnership's gross receipts, ordinary income, expenses, and total income, along with identifying information such as the partnership name, address, and EIN.
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