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THE SCHOOL WHICH PROVIDES THE BEST OF ALL WORLDS100 Adderley Street, AUBURN 2144 pH: 9748 1036 Fax: 9748 0109 Email: auburnnthp.school@det.nsw.edu.au ___AUBURN NORTH PUBLIC SCHOOL___ ___ 25
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Form 65-T is a tax form used in certain jurisdictions to report income, usually related to a partnership or a specific type of business. Form K-1 (or 65-KI) is used to report income distributions to individual partners or shareholders.
Entities such as partnerships, S corporations, or entities that pass income through to owners are typically required to file 65-T and 65-KI forms.
To fill out the 65-T and 65-KI forms, you will need to include detailed information about income, deductions, credits, and distributions for the relevant tax year. Consult the instructions provided with the forms for specific guidance.
The purpose of Form 65-T is to report income and expenses of the entity, while Form 65-KI details the income or loss allocated to partners or shareholders for tax purposes.
Form 65-T requires reporting of total income, expenses, and the entity’s net profit or loss, while Form 65-KI requires listing individual partner or shareholder income, adjustments, and credits.
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