Recent Cases and Rulings
Article Abstract:
The Internal Revenue Service issued guidelines governing limited liability companies, ruled on an extension request and on a conversion from general partnership to a limited liability partnership. It also ruled that a distribution on excess of basis as a taxable gain.
Publication Name: Journal of Partnership Taxation
Subject: Business
ISSN: 0749-4513
Year: 1995
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Partner's Limited Deficit Restoration Obligation Determined
Article Abstract:
The Internal Revenue Service has issued a ruling on how a partner's limited deficit restoration obligation is to be computed.
Publication Name: Journal of Partnership Taxation
Subject: Business
ISSN: 0749-4513
Year: 1998
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