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, the income tax liability is incurred by the partners individually. This means that the profits or losses of the partnership are allocated to the partners, who must report their share of these profits or losses on their individual tax returns. The partnership itself does not pay income taxes.

In a Partnership Form of Organization,income Tax Liability,if Any,is Incurred