In a partnership form of organization, income tax liability, if any, is incurred by:

Name: In a partnership form of organization, income tax liability, if any, is incurred by:
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In a partnership form of organization, income tax liability is incurred by the partners individually. The partnership itself does not pay income taxes. Instead, the net income or loss of the partnership is allocated to the individual partners, who report it on their personal income tax returns.

In a Partnership Form of Organization, Income Tax Liability, If