Partnerships--current and liquidating distributions; death or retirement of a partner /

"... provides a detailed discussion of the tax consequences of distributions by partnerships to partners, including those arising from distributions of a partner's share of the results of partnership operations, and other distributions by the partnership that do not result in termination o...

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Bibliographic Details
Previous Title:Manning, Elliott. Partnerships--current and liquidating distributions; death or retirement of a partner.
Main Author: Manning, Elliott
Corporate Author: Tax Management Inc
Format: Book
Language:English
Published: Arlington, VA : Tax Management, c2009-
Series:Tax management portfolios ; 811-2nd
Subjects:
Online Access:http://taxandaccounting.bna.com/btac/display/link_res.adp?lt=email&fname=tm_811&split=1
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Summary:"... provides a detailed discussion of the tax consequences of distributions by partnerships to partners, including those arising from distributions of a partner's share of the results of partnership operations, and other distributions by the partnership that do not result in termination of the distributee's interest in the partnership even though accompanied by a change in the distributee's and remaining partners' shares of capital or profits and losses, whether in money or propert --all called current distributions--and distributions of money or property on the withdrawal of a partner whether on death or withdrawal--called liquidating distributions. Liquidating distributions may be accompanied by other retirement payments that do not represent consideration for the withdrawing partner's interest in partnership property, and may be deferred compensation, or other claims against past or future partnership income. When the withdrawal is a result of death, there may be other collateral income and transfer tax consequences. Distributions, usually liquidating distributions, are important components of major partnership restructurings, including divisions, mergers, incorporations, and changes in legal form. "
Item Description:"Revises and supersedes 811 T.M., Partnership distributions--death or retirement of a partner."
Physical Description:v. (loose-leaf) ; 28 cm
Publication Frequency:Updated irregularly
Bibliography:Includes bibliographical references (p. C1-C3)
ISBN:9781558716858
1558716858