How to Produce Partner K-1s and a Clean Year-End Tax Package at Your Law Firm in 2026: The 11-Step Workflow From Trial Balance to Schedule K-1

Most law firms do not have a K-1 problem in March. They have a bookkeeping problem from the previous June that only becomes visible in March. This step-by-step guide walks through the 11-step year-end workflow that takes a law firm from trial balance to partner Schedule K-1s - including the trust, cost advance and capital account traps that turn a two-week close into a two-month one.