The K-1 Form is provided to beneficiaries of a business partnership or trust fund to show the amount of income from that source to report on their taxes, according to TurboTax. These are schedules that taxpayers must sub... More » Business & Finance Taxes

The Schedule K-1 tax form declares the amount of money passed from the entity that earned the income to the parties that have interest in the entity, and it also passes the tax liability to those parties, explains TurboT... More » Business & Finance Taxes

Find a K-1 form by typing "K-1" plus the tax year in the search box near the top of the main page in the Form and Pubs section on Most tax forms for the current and prior tax years, including form K-1, are avail... More » Business & Finance Taxes
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Federal tax form 1040EZ is designed to streamline the process of filing taxes and is the simplest of the three tax forms used for filing, notes TurboTax. Taxpayers who make less than $100,000 per year and who do not clai... More » Business & Finance Taxes

Representatives of a deceased person pay estate taxes before the money is distributed to beneficiaries, and taxpayers pay income taxes on their earnings, according to TurboTax. Individuals who receive money from an estat... More » Business & Finance Taxes

TurboTax reports that as of tax year 2013, only eight states require beneficiaries to pay an inheritance tax: Iowa, Pennsylvania, Kentucky, Nebraska, Maryland, Indiana, Tennessee and New Jersey. For tax purposes, unless ... More » Business & Finance Taxes

As the fiduciary, file a 1041 Trust K-1 form when reporting income that a trust or estate generates, according to TurboTax. For each beneficiary, file form 1041 with the Internal Revenue Service detailing any credits or ... More » Business & Finance Taxes