Assertion: partnership's partner | /r/CapableOf | pay income tax
Facets:
value: regardless of
type: OTHER
value: on the guaranteed payments
type: OTHER
value: on their earnings
type: TRANSITIVE-OBJECT
value: on their personal income tax return
type: LOCATION
value: on their individual tax return.﻿﻿
type: LOCATION
Source sentences:
text: Instead, individual partners pay Income Tax on their share of the partnership’s profits.
text: While only partners pay Income Tax, both partners and partnerships need to register for Self Assessment.
text: After profits or losses are divided among the partners, each partner pays income tax on their individual tax return.﻿﻿
text: Each partner reports income and pays income tax on their personal income tax return.
text: The Schedule K-1 is included in each partner's personal tax return, so each partner pays income tax on their share of the net income of the partnership.
text: Each partner must pay income tax on their own share of the firm's profits.
text: The managing partner pays income tax on both the distributive share and the guaranteed payments.
text: Partners must pay income tax on their earnings regardless of whether the earnings were distributed.﻿﻿
text: Each partner must pay income tax on their own share of the firmï¿½s profits.