Tag Archives: Partnerships
Partners Who Work For Disregarded Entity Owned By Partnership Are Self-Employed The IRS has issued final, temporary and proposed regs that preserve a partner’s status as a partner, and not an employee, where the partner works for a disregarded entity … Continue reading
During the third quarter of 2015, there were many important federal tax developments. The following highlights some of the more significant developments for you.
C-Corporations and Pass through corporations can contribute to the Georgia GOAL Scholarship Program and receive a much needed benefit.
Corporations can receive a tax credit for amounts contributed to the GOAL Scholarship Program and many corporations have done so. For “C” corporations, the tax credit is available up to 75% of their annual Georgia income tax liability. Owners of … Continue reading
The Supreme Court has declined to review a decision of the Court of Appeals for the Third Circuit that a corporate investor wasn’t a bona fide partner in an LLC and thus wasn’t entitled to claim its share of historic … Continue reading
The IRS has created a plethora of penalties that apply to partnerships and partners. This penalty structure is consistent with the IRS’s policy of self assessment and penalties for failing to properly apply the law.