Hello, this is Laurie Kornblum, an attorney. This video is about entering information for Schedule B and best-case educational software, specifically based on Nick and Thoreau Murphy's case. Let's get started. I have opened the file for Nick and Pearl Murphy. Please note that this is just a demo, so I won't go through everything. To begin, click on Schedule B personal property. Double click on personal property and the first item to enter is cash on hand. In this case, we have $300 in cash, which is not linked to any liens. We skip the liens and focus on exemptions, which determine the amount that can be taken out. This particular item falls under the category of consumer goods and is tangible property. Click "OK" to save the entry. Next, we will insert another item, a checking account at Capital Savings Bank with a balance of $4,000. Again, there are no liens, so we move to exemptions. Depository exemptions apply here, but we won't go through the entire list. Let's move on to dealing with liens. We have a truck, an F-150, which needs to be added. It is considered an automobile, so we select that column. The truck is located at the debtor's address and has a value of $48,480. Additionally, it is categorized as community property. Now, let's address the liens. There are two liens for this item. The first one is from Barnes and Patel Anesthesiologists PC, created seven days ago. We select this lien, enter the date as 11:15, and specify that it is a judgment lien. The claim amount for this judgment lien is $2,000. Click "OK" to save this information. The second lien is from the Capital County Sheriff's Department. It is also a judicial lien with a claim amount of 250 euros. Click "OK" to save...
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Schedule b-1 examples Form: What You Should Know
Which individuals are required to disclose on Form 1065? In general, a U.S. shareholder owning directly 10% or more of the partnership will be required toĀ Include or list Form 1065 if a U.S. shareholder owns directly 10% or more of the partnership. Do not include Schedule BĀ What are the filing requirements for Schedule B-1, parts I & II, other than an applicable Schedule G if a partnership or S corporation holds a capital interestĀ Form 1065 (except the first disclosure), if the partnership, S corporation, trust, estate, or disregarded entity does not needĀ A copy of the Schedule B-1 and Schedule F of the partnership or disregarded entity (if applicable) is required. TheĀ If a partnership, disregarded entity, or trust has an eligible distribution from the partnership, S corporation, trust, or estate (if applicable), a separate ScheduleĀ The partnership, disregarded entity, or trust must notify the IRS if any of its capital interests are to be disregarded. Notice mustĀ Form 1065 (except the first disclosure), if an S corporation, trust, estate, or disregarded entity does not need toĀ Include Schedule B or B-1, and Form 2555 if the partnership, disregarded entity, or trust was not subject to a tax underĀ Form 1065 (except a first disclosure) if (i) the partnership, disregarded entity, or trust owns its partnership or disregarded entityĀ Form 1065 (except a first disclosure) if each beneficial owner shares in all income of the partnership, disregarded entity,Ā This statement is due on a Schedule B or Form 1065, whichever is applicable. Do not include ScheduleĀ The first disclosure of the partnership, disregarded entity, or trust is required. Do not include Schedule B (or Form 1065) and Schedule F if the S corporation or trust owns its partnership, disregardedĀ The partnership, disregarded entity, or trust must send the IRS copies of their individual tax returns to file on a FormĀ The partnership, disregarded entity, or trust must provide copies of Form 1065 to the IRS if the partnership, or disregardedĀ The partnership, disregarded entity, or trust must provide copies of Form 1065 to the IRS in connection with a return.
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