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Did You Say a Taxable Partnership?

By Farrell Fritz P.C. on December 15, 2015
Posted in Federal Tax Issues

A Plethora of Partnerships

According to a recently released IRS analysis of tax return data, the number of partnerships and partners in the U.S. continues to increase, as do the total receipts and the value of total assets for all partnerships. LLCs classified as partnerships account for the majority of this growth.   

These figures…

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