A few years ago, Gabriel and Olga formed a partnership called "GO." Which of the following is TRUE regarding the U.S. income taxation of Gabriel, Olga and GO?
a. The GO entity must pay income taxes
b. The GO entity is required to file an informational tax return
c. Olga and Gabriel are not required to pay taxes on their respective shares of GO's income unless (and until) GO distributes its earnings to them
d. None of the above