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New law creates new risks for partnership investments For decades, a bedrock principle of federal income taxation has been that partnerships are not subject to federal income tax on current income.
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The new law creates new regulations for businesses in the financial sector.
All businesses operating in the financial sector are required to file the new law.
The new law can be filled out online through the designated government website.
The purpose of the new law is to increase transparency and accountability in the financial sector.
Businesses are required to report their financial transactions and compliance with regulations.
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