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Aaa fast plumbing tax return 2026

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The document is the 2013 Form 1065, U.S. Return of Partnership Income, for AAA Fast Plumbing Repair, LLC. It details the partnership's financial activities including gross receipts, deductions, and net income for the tax year. The form includes information about the partnership's principal business activity (plumbing repair), total assets, and partner distributions. Additionally, it provides schedules related to partners' shares of income and expenses, as well as depreciation and amortization details.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between AAA and tax basis?

Differences between adjustments to shareholder stock basis and AAA are: AAA, unlike basis, cannot be increased for tax-exempt income. AAA, unlike basis, cannot be decreased for expenses related to tax-exempt income.

Should AAA be zero on final return?

The answer to your question is No, the AAA does not need to be zeroed out. This account just tracks undistributed income at the entity level and has no impact on the end result at the shareholder level where the ultimate gain or loss on the investment is determined.

What is the AAA account on my tax return?

Accumulated Adjustments Account of S Corporation The AAA is generally a measure of the corporations accumulated gross income, less expenses, that has not been distributed. The AAA is zero on the first day of a corporations first S corporation tax year.

Does AAA do tax returns?

AAA Tax Service is an authorized E-file provider. We offer free electronic filing for Federal and California tax returns. Benefits of electronic filing include faster refund, more accurate, more efficient and its easier for you.

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