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Comply with Government Requirements

Quarterly Requirements for Partnerships

Some businesses will have an accountant or bookkeeper by this stage who will handle these responsibilities. Many businesses won't. Either way, it is helpful to understand the requirements so you can make sure stay in compliance.

Business

  • Sales and Use Tax Return

Partners

  • Partners' Social Security Self-Employment Tax: Sch SE
  • Partners' Quarterly Federal Income Tax Payments: 1040ES
  • Partners' Quarterly State Income Tax