A compass points to the north pole on Earth because our whole planet acts like a giant magnet, but Mars does not act this way. Besides turning a compass needle, Earth's magnetic field turns away dangerous particles of space radiation.
All partnerships must file Internal Revenue Service Form 1065 annually to report revenue and expenses. Form 1065 must be filed by the 15th day of the fourth month following the end of the partnership&amp;rsquo;s year end. Partnerships can request an automatic five-month extension by filing Form 7004 by the due date of Form 1065. The partnership is not required to pay federal income taxes. Instead, the partnership reports each shareholder&amp;rsquo;s pro rata share of income and expense items on Schedule K-1 and the shareholders remit the appropriate amount of tax with their personal return. Complete boxes A through F on Page 1 of Form 1065.
(c) The secretary of state may revoke the statement of qualification of a partnership that fails to file an annual report when due or pay the required filing fee. To do so, the secretary of state shall provide the partnership at least 60 days' written notice of intent to revoke the statement.