Describe how a partnership reports its income for tax purposes. Who makes most elections related to partnership

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Describe how a partnership reports its income for tax purposes. Who makes most elections related to partnership income and deductions? What theory underlies this treatment?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Sep 09, 2015 06:55 AM

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Describe how a partnership reports its income for tax purposes. Who makes most elections related to partnership

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A partnership is not a taxpaying entity however it must still file a tax ret...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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