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We Form Give Form to the Request for Taxpayer identification Number and Certification (Rev. December 201 4) Department of the Treasury internal Revenue Service requester. Do not send to the LRS. (as
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A partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.
All partnerships are required to file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but the partnership itself does not pay income tax.
Partnerships must fill out Form 1065, U.S. Return of Partnership Income, to report their income to the IRS.
The purpose of a partnership is to allow multiple individuals to share in the management, profits, and risks of a business.
Partnerships must report all income, deductions, gains, losses, and other information specified in Form 1065.
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