July 7, 2015
Redemption: Section 736(a) Payments Here’s where things can get funky. When a partnership buys out a departing partner in a redemption, the parties
Comparing A Sale And Redemption Of A Partnership Interest
July 6, 2015
on Comparing A Sale And Redemption Of A Partnership Interest
People are the worst. Sure, they may seem OK at first, but dig a little deeper, and they’ll inevitably reveal horribly offensive views on everything from dog
Partnerships: Two’s Company?
December 17, 2014
on Partnerships: Two’s Company?
Can partners be employees? And should they? The answer, as in many other areas of the tax law: it depends. IRS Revenue Ruling (RR) 69-184 states,
With Tax Break Set To Expire, Partnerships Should Consider Converting To C Corporations Before Year End
January 6, 2014
on With Tax Break Set To Expire, Partnerships Should Consider Converting To C Corporations Before Year End
Subchapter C corporations are like pit bulls or prostate exams — they carry quite the stigma, but they’re not nearly as bad as they’re made out to
IRS Plans to Step up Audits of Small Business Partnerships
November 18, 2013
on IRS Plans to Step up Audits of Small Business Partnerships
The head of the Internal Revenue Service’s small business unit said his division expects to move from focusing on audits of small corporations to
Partnership or S Corp?
August 24, 2012
One concern is taxes; another is protecting assets. What's the best way to set up your business? Dear Norm, I am opening an art gallery and pottery
The Dark Side of Flow-through Entities – Taxable Income Without Cash
March 12, 2012
You really should be careful about who you partner up with. Jose Martignon took a 40% interest in a partnership with Alejandro Vargas to open a restaurant