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PHILIPPINE BIDDING DOCUMENTS (As Harmonized with Development Partners) Procurement of GOODSGovernment of the Republic of the PhilippinesSixth Edition July 2020 0Preface These Philippine Bidding Documents
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Partners refer to individuals or entities that collaborate in a business venture, sharing profits, losses, and liabilities.
Partners in a partnership, including general partners in partnerships and LLCs, are required to file partner-related tax forms.
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The purpose of partners is to provide a clear outline of the partnership's income, losses, deductions, and credits for tax reporting.
Information such as partnership income, expenses, partner shares of profits and losses, and identifying information must be reported.
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