Taxation of Partnerships | Practical Law

Taxation of Partnerships | Practical Law

A recently published Practice Note discussing the US federal income tax rules that apply to partnerships and their partners including the tax issues and rules at formation, during operations, on a distribution, and on a sale of a partnership interest.

Taxation of Partnerships

Practical Law Legal Update 6-624-1887 (Approx. 2 pages)

Taxation of Partnerships

by Practical Law Tax
Published on 01 Mar 2016 • USA
A recently published Practice Note discussing the US federal income tax rules that apply to partnerships and their partners including the tax issues and rules at formation, during operations, on a distribution, and on a sale of a partnership interest.
Practice Note, Taxation of Partnerships discusses the US federal income tax rules that apply to partnerships and partners. Entities subject to taxation as partnerships include:
  • General partnerships.
  • Limited partnerships
  • Limited liability partnerships.
  • Limited liability limited partnerships.
  • Limited liability companies (LLCs).