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:

Chart Title

Text displayed above a chart that describes its purpose or the data it represents.

Vertical Chart Axis

The y-axis in a chart or graph that typically represents the range of values for a particular variable or dimension.

Positioned Vertically

Oriented in an up-down direction or alignment, as opposed to horizontally.

Axis Titles

Descriptive labels used in charts or graphs to identify the different axes, usually the x-axis (horizontal) and y-axis (vertical).