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 ...

Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2026 Flow-Through Limited Partnership (the “Partnership”) has filed a preliminary prospectus (the “Prospectus”) in ...

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 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 ...