Dennis Abbott
I have a business tax question relating to partnerships. We had a business that provided healthcare services. My partner did not get an EIN (Texas), we only had a DBA. Since it was a part time venture, we had a net profit of $5700. Since we do not have an EIN and we havent declared our partnership, we did not file a 1065. Will there be any penalties for this? Do we need an EIN and filing of 1065?
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