For income tax purposes,

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Both taxable and reporting entities must file tax returns to report their income. All entities are considered reporting entities, but not all are necessarily taxable entities. For example, partnerships are not taxed at the entity level, but they are still required to file a tax return to report their income and allocate it among the partners. S corporations are also not taxed at the entity level, but they must file a tax return to report their income and allocate it among the shareholders. Therefore, both taxable and reporting entities must file tax returns to report their income.

For Income Tax Purposes