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 ...

Depreciation is the allocation of a capital expense item over a specific period of time. IRS rules stipulate that when a business, such as a limited partnership, purchases a capital asset like real ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A partnership agreement (or operating agreement, in the ...

When starting a new business, many of the most important decisions owners make are not directly related to the products or services they plan to sell. Businesses can have several different legal ...

Monte Jackel of Jackel Tax Law discusses partnership taxation rules and the role they play in former President Trump’s ongoing IRS audit. This transcript has been edited for length and clarity. David ...