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STATE OF NEW YORK TAX APPEALS TRIBUNAL ___ In the Matter of the Petitions:of:BERKELEY GROUP ASSOCIATES, : AARON ZIEGELMAN AND WILLIAM K. LANGFAN : for Revision of Determinations or for Refund of Tax
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Form 1065, also known as Schedule K, is used to report the income, deductions, gains, losses, etc., of a partnership.
Partnerships that have any income, deductions, or credits are required to file Form 1065 and Schedule K.
To fill out Form 1065 and Schedule K, partnerships need to report all income and deductions, allocate them among partners, and provide other required information about the partnership.
The purpose of Form 1065 and Schedule K is to provide the IRS with information about the financial activities of a partnership for reporting income, deductions, and credits.
Partnerships must report items such as income, gains, deductions, losses, and partner information on Form 1065 and Schedule K.
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