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Partnering for Tax Savings

Although a partnership does not pay taxes on its profits, it must report its operating losses or profits to the IRS on Form 1065, US Return of Partnership Income.

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Check The Box For Tax Savings


...an entity that is a partnership or limited liability company under the laws of the state in which it is formed may elect to be taxed as a regular C-corporation or as an S-corporation under the check-the-box rules.

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