Assertion: partnership's partner | /r/CapableOf | receive income
Facets:
value: from the partnership
type: OTHER
Source sentences:
text: The IRS considers partner equity to be the basis to the quarterly estimated tax payment obligation, regardless if the partner is receiving income from the partnership or not.
text: A partnership is not a separate legal entity and partnership income is taxed at the rate of the partner receiving the income.
text: Partners receiving income and/or gains from an LLP are liable for their own taxation.
text: Partners receiving income and/or gains from an LLP are liable for their own taxation.