| For Business |
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| Tax liability for own business (partnership business) |
| A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor, or skill, and expects to share in the profits and losses of the business. |
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| A partnership must file an annual information return to report the income, deductions, gains, losses etc., from its operations, but it does not pay income tax. Instead, it "passes through" any profits or losses to its partners. Each partner includes his or her share of the partnership's income or loss on his or her tax return |
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| Partners are not employees and should not be issued a Form W-2. The partnership must furnish copies of Schedule K-1 (Form 1065) to the partners by the date Form 1065 is required to be filed, including extensions |
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| If you are a partnership or a partner (individual) in a partnership use the information below to help you determine some of the forms that you may be required to file. |
| If you are a partnership then you may be liable for.. |
| Annual return of income FORM 1065 |
| Employment taxes: |
 Social security and Medicare taxes and income tax withholding. |
| Federal unemployment (FUTA) tax. |
| Depositing employment taxes. |
| FROM 941 (943 for farm employees) |
| FORM 940 or 940-EZ |
| FORM 8109 |
| Excise Taxes |
| If you are a partner (individual) in a partnership then you may be liable for Income Tax 1040 and Schedule E Self-employment tax 1040 and Schedule SE Estimated tax 1040-ES. |
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 Own Business Tax |
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| Partnership Agreement |
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| Vehicle Information |
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