Partnerships file federal income tax returns for informational purposes and to notify partners of the amount of partnership income that must be reported on their individual federal income tax returns.

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Partnerships are required to file a federal income tax return using Form 1065 for informational purposes. The partnership itself does not pay income taxes, but instead, each partner includes their share of the partnership's income and expenses on their individual federal income tax return. The partnership's tax return notifies partners of their share of partnership income that must be reported on their individual returns.

Partnerships File Federal Income Tax Returns for Informational Purposes and to Notify