Assertion: partnership's income | /r/HasProperty | taxable
Facets:
value: under this method
type: OTHER
Source sentences:
text: Partnerships are not universally recognized by other states or countries as marriages are, nor are they recognized by the federal government and as such, health insurance benefits provided to a domestic partner are considered taxable income for federal purposes.
text: Under this method, income is taxable when received and expenses are deductible when paid.