Assertion: partnership | /r/HasAspect | income
Facets:
Source sentences:
text: A partnership (foreign or domestic) that has income effectively connected with a U.S. trade or business (or income treated as effectively connected) must pay a withholding tax on the effectively connected taxable income that is allocable to its foreign partners.
text: Even though partnerships aren’t taxed, they must file a tax return each year unless the partnership has no income or expenses.
text: A partnership (foreign or domestic) that has income effectively connected with a U.S. trade or business (or income treated as effectively connected) must pay a withholding tax on the effectively connected taxable income that is allocable to its foreign partners.