Because a Partnership Is a Pass-Through Entity Rather Than a Taxable

question 35

True/False

Because a partnership is a pass-through entity rather than a taxable entity,partnerships need not file tax returns.

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Definitions:

Simplify

By distilling something to its essential parts, this process aims to decrease complexity and enhance understanding.

Simplify

To simplify a mathematical expression or problem to its most basic form.

Like Terms

Algebraic terms that feature identical variables elevated to identical exponents and are capable of being merged.

Evaluate

To determine or assess the value or amount of something.