Partnerships Archives

How Partners of Partnerships are Taxed

November 6, 2020
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Finances

By Nizam Shajani, CPA, CA, MBA November 6, 2020 The taxation of partnerships function on a flow through basis. Partnerships are not taxable, nevertheless the tax attributes of a partnership are allocated to the partners. The partners are therefore responsible…

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