Articles
Anthony V. Strawson, "Should Partnership Information Returns be Filed as a Matter of Course?", Tax for the Owner-Manager, Vol. 9, No. 4, October, 2009, p. 4.
Subsection 229(1)
Administrative Policy
90 C.R. - Q32
Where a partner retires from a partnership that has a continuing right to an allocation of income under s. 96(1.1), or has a residual interest under s. 98.1 rather than a continuing income interest, the principle to be applied is that the partnership information return requires the reporting of allocations of income or losses to partners and changes to each partner's capital account.
88 C.R. - "Tax Reform and Tax Administration" - "Partnership Reporting"
Explanation of the need for the regulation.
IC 89-5R "Partnership Information Return"
Forms
T5013 "Statement of Partnership Income"
Subsection 229(4)
Administrative Policy
1 May 1990 T.I. (October 1990 Access Letter, ΒΆ1484)
A partnership formed to pay the expenses incurred by a condominium building with respect to community property, and a "non-profit" partnership formed to acquire and maintain assets of the disposal of the community would not qualify for exemption.