Questions from Individual Taxation


Q: What are guaranteed payments and how do partnerships and partners treat them

What are guaranteed payments and how do partnerships and partners treat them for income and self-employment tax purposes?

See Answer

Q: How do general and limited partners treat their share of ordinary business

How do general and limited partners treat their share of ordinary business income for self-employment tax purposes?

See Answer

Q: What challenges do LLCs face when deciding whether to treat their members’

What challenges do LLCs face when deciding whether to treat their members’ shares of ordinary business income as self-employment income?

See Answer

Q: How much flexibility do partnerships have in allocating partnership items to partners

How much flexibility do partnerships have in allocating partnership items to partners?

See Answer

Q: What are the basic tax-filing requirements imposed on partnerships?

What are the basic tax-filing requirements imposed on partnerships?

See Answer

Q: In what situations do partners need to know the tax basis in

In what situations do partners need to know the tax basis in their partnership interests?

See Answer

Q: Why does a partner’s tax basis in her partnership need to be

Why does a partner’s tax basis in her partnership need to be adjusted annually?

See Answer

Q: What items will increase a partner’s basis in her partnership interest?

What items will increase a partner’s basis in her partnership interest?

See Answer

Q: Why might a corporation issue a stock dividend to its shareholders?

Why might a corporation issue a stock dividend to its shareholders?

See Answer

Q: What items will decrease a partner’s basis in her partnership interest?

What items will decrease a partner’s basis in her partnership interest?

See Answer