Where Would the "Small Partnership" Exception Be Advantageous?

Date
2012-12-07
Authors
Harl, Neil
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Journal Issue
Series
Abstract

The “small partnership” exception,1 which is found in an obscure part of the Internal Revenue Code2 and not in Subchapter K of the Code where most partnership provisions are located (and which has been around for 30 years)3 offers a way to reduce the complexity of partnership income tax filing (and penalties) for eligible partnerships. However, there are several other provisions in tax law that can be sidestepped by taxpayers making use of the “small partnership” exception.4

Description
Keywords
Citation
DOI
Source
Collections