The partnership doesn't pay taxes. Only the partners do. Income partners receive is like income from a second job. The important thing is partners might get losses if the venture is a loser in early years then the loss REDUCES partners other income for tax purposes.
Alan J. B. Aronsohn has written: 'Partnerships and income taxes' -- subject(s): Partnership, Taxation 'Partnerships' -- subject(s): Partnership, Taxation
Stephen Schwarz has written: 'Corporate and partnership taxation' -- subject(s): Taxation, Law and legislation, Outlines, syllabi, Corporations, Partnership, Outlines, syllabi, etc, Ondernemingsbelastingen, Vennootschapsbelasting
Alfred T. Spada has written: 'Dispositions of partnership interests-gifts, incorporations, etc' -- subject(s): Partnership, Taxation
O. P. Wylie has written: 'Self-assessment' -- subject(s): Taxation, Partnership, Self-employed 'Taxation of the family' -- subject(s): Taxation, Law and legislation, Husband and wife, Family
are you talking about buisiness mergers, or marriage, or perhaps a buisiness partner, like in a law firm?
No.
Norman C. Tobias has written: 'Taxation of corporations, partnerships, and trusts' -- subject(s): Business enterprises, Corporations, Law and legislation, Partnership, Taxation, Trusts and trustees
James R. Hamill has written: 'Real estate' -- subject(s): Real property and taxation, Real property tax, Real estate investment, Real estate business, Finance 'Complex issues in partnership taxation' -- subject(s): Taxation, Partnership 'A CPA's guide to benefit plans for small business' -- subject(s): Accounting, Employee fringe benefits, Small business
important to work in partnership with others to teach them how manage a big company or business and that's why it is important for me.......................................
Alvin A. Clay has written: 'Preparing the 1065 return' -- subject(s): Partnership, Tax returns, Taxation
The key differences in taxation between a partnership and an S corporation are that in a partnership, profits and losses are passed through to the individual partners and taxed at their personal tax rates, while in an S corporation, profits are also passed through to shareholders but losses can only be deducted up to the amount of their investment. Additionally, S corporations are subject to certain restrictions on ownership and can only have up to 100 shareholders.
Reimar Zimmermann has written: 'Die Personengesellschaft im Steuerrecht' -- subject(s): Partnership, Private companies, Taxation