Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
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Must Know about Partnership Taxes Partnerships are not a subject to federal income tax. However, the partners have the responsibility of reporting income, losses, deductions as well as making payments. Regardless of the fact that partnerships are exempted from paying…
What is a Partnership Business? A partnership business consists of two or more people who contribute money and assets to start a business. Since a partnership business is a flow-through business where profits and losses are accrued to each member…