Current developments
Article Abstract:
The developments that had taken place in the various kinds of business relations like partnerships, corporations, and educational assistance among others are addressed. The IRS continued to believe that the family limited partnerships were only created to avail of tax benefits and that the legal and contractual limitations on ownership rights would be overlooked by members of the same family.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2004
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Partnership provisions of the American Jobs Creation Act of 2004
Article Abstract:
The implications of rules relating to partnerships contained in American Jobs Creation Act of 2004 (the 2004 Act) are discussed. A comparative analysis of the effect of the said act on partnerships and S corporations is also presented. The tax implications on partnerships emerging from the 2004 Act are also discussed.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005
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Litigation developments in the partnership and LLC tax arena
Article Abstract:
In 1994, the partnership anti-abuse regulations has been framed to curb the use of partnership status as, a tax shelter by the tax payers and to carry out business activities of family members.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2003
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