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of <h1>Firm and partners jointly and severally liable for tax; retiring partner liable until written notice of retirement received</h1> Where a firm is liable to pay tax, interest or penalty under the Act, the firm and each partner are jointly and severally liable for payment, notwithstanding any contract or other law. A partner who retires must notify the Commissioner in writing of the retirement date; that partner remains liable for tax, interest or penalty due up to the retirement date, whether assessed or not. If no notice is given within one month of retirement, the retiring partner's liability continues until the Commissioner receives the notice.
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