An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

Master limited partnerships offer good income opportunities for retirees. From a tax standpoint, however, the MLP structure is a bit complicated. It comprises a general partner who operates the ...

A major consideration for anyone starting a business, or whose business has grown beyond a certain size, is choosing the right structure for tax purposes. This article compares how sole ...

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws.

The American Institute of CPAs has sent a letter to the Multistate Tax Commission and a related work group recommending changes in their proposed approach to state tax sourcing of partnership income.