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Retirement tax questions
Is the band a partnership? Or a bunch of independent contractors who sometimes hang out. If you are a partnership, that is a specific type of business and needs a specific type of tax return, even if it is not registered as a specific business structure (like an LLC or a corporation). The income and expenses go to the partnership and the pass-through income is reported on K-1 statements. You may want to discuss your situation with an accountant.
‎February 19, 2023
4:48 PM