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Partnerships Are Required to File Annual T5013's with Information Pertaining

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Essay

Partnerships are required to file annual T5013's with information pertaining to the partnership.
Required:
Indicate the due dates of the T5013s for the following scenarios?
A.Sky Co.and Land Co.are partners in Waterways.The fiscal year-end of the business is March 31.
B.Toni Lemon and Rachel Bonnet are partners in The Food Truck.The fiscal year-end of the business is December 31.
C.Sand Co.and Howie Meintzer are partners in The Glass Shop.The fiscal year-end of the business is December 31.


Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing the sale of goods between parties in different countries.

Commercial Parties

Entities involved in the exchange of goods or services within a commercial or business setting, typically companies or professionals.

Merchant

Under the Uniform Commercial Code, one who regularly deals in goods of the kind sold in the contract at issue, or holds himself out as having special knowledge or skill relevant to such goods, or who makes the sale through an agent who regularly deals in such goods or claims such knowledge or skill.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aiming to standardize regulations across states to facilitate easier commerce.

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