43-306. Partnership returns
Every partnership shall make a return for each taxable year, stating the taxable
income computed in accordance with subtitle A, chapter 1, subchapter K of the internal
revenue code and any adjustments required pursuant to chapter 14 of this title. The
return shall include the names and addresses of the individuals, whether residents or
nonresidents, who would be entitled to share in the taxable income if distributed and the
amount of the distributive share of each individual. The allocation and apportionment of
income of a partnership which has nonresident partners shall be made pursuant to chapter
11, article 4 of this title. The return shall contain or be verified by a written
declaration that it is made under the penalties of perjury and signed by one of the
partners.
|