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Partnership Tax Allocations: Follow the Economics

By Farrell Fritz P.C. on February 3, 2016
Posted in Federal Tax Issues

Flexible Economic Arrangements

We represent a number of entrepreneurs. The form of business entity that they most often choose to operate is an LLC that is treated as a partnership for income tax purposes. They recognize that the LLC is not a taxable entity, that there are no limitations upon who may invest in an…

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