The "Small Partnership" Exception: A Way to Escape Partnership Tax Complexity Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T06:16:47.000 2020-06-29T22:56:50Z 2020-06-29T22:56:50Z 2017-12-18 2012-01-06
dc.description.abstract <p>In 1982, Congress authorized a “small partnership” exception to the definition of “partnership” in legislation designed to tighten the rules on partnership audits.<strong>1 </strong>Tax shelters were dominating the discussion in tax circles and the 1982 legislation was aimed at bolstering the oversight over partnership transactions, much of which was being carried on by limited partnerships. However, the small partnership exception, by its terms, provides an avenue for many small partnerships (including limited liability companies and limited liability partnerships) to sidestep the complexity of federal partnership tax law.</p>
dc.identifier archive/
dc.identifier.articleid 2111
dc.identifier.contextkey 11265662
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol23/iss1/1
dc.source.bitstream archive/|||Fri Jan 14 17:55:31 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title The "Small Partnership" Exception: A Way to Escape Partnership Tax Complexity
dc.type article
dc.type.genre article
dspace.entity.type Publication
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