Discover how limited partnership units provide ownership in Master Limited Partnerships, offering tax benefits and liability limitations for investors.

Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes ...

Family limited partnerships (FLPs) and trusts are both tools used in estate planning, but they serve different purposes and offer distinct advantages. An FLP is primarily designed to hold and manage ...

Historically, CPAs have dissuaded estate planning clients from funding family limited partnerships with personal use property, such as a primary or secondary residence. In the past the IRS has ...

The simplicity of partnership investments. Leveraging and the implications. Tax considerations on simple and complex. Now this is stupid tax. This represents my third in a recent series of articles on ...

The Tax Court, consistent with past cases, applied a functional analysis of a limited partnership’s individual partners’ roles and responsibilities to find they could not apply Sec. 1402(a)(13)’s ...

Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences. Getting the choice of entity right at the start is crucial, since switching later ...

Estate of Fields v. Commissioner, T.C. Memo. 2024-90 (9-26-24) (Copeland, J.), provides a textbook example of a bad-facts family limited partnership (FLP) that caused estate tax inclusion of the ...

Ninepoint Partners LP ('Ninepoint”) announced that Ninepoint 2025 Flow-Through Limited Partnership (the 'Partnership”) will ...