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Proposed regulations deal with partnership's assumption of partner 'liabilities' part 2

Article Abstract:

The proposed regulations dealing with tiered partenerships, the transfer of partnership interest and the assumption of a -7 liability by another partner are reviewed. Suggestions for revising Regulation 1.1001-2 and Reg.1.1001-2(b) are also presented.

Author: Manning, Elliott
Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005

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Current developments

Article Abstract:

The various amendments made to tax regulations, and affecting business entities, are presented. These have been put forward by the Internal Revenue Service, and are in relation to partnerships, S corporations, C corporations, etc.

Author: Looney, Stephen R., Klein, Steven I.
Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005
Tax Law, Public Finance Activities, Taxes, Interpretation and construction, Taxation, S corporations, Tax policy, United States. Internal Revenue Service

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Subjects list: United States, Laws, regulations and rules, Government regulation, Partnership, Partnerships
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