The "Small Partnership" Exception: A Way to Escape Partnership Tax Complexity
dc.contributor.author | Harl, Neil | |
dc.contributor.department | Iowa State University Digital Repository | |
dc.date | 2018-02-19T06:16:47.000 | |
dc.date.accessioned | 2020-06-29T22:56:50Z | |
dc.date.available | 2020-06-29T22:56:50Z | |
dc.date.embargo | 2017-12-18 | |
dc.date.issued | 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/lib.dr.iastate.edu/aglawdigest/vol23/iss1/1/ | |
dc.identifier.articleid | 2111 | |
dc.identifier.contextkey | 11265662 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | aglawdigest/vol23/iss1/1 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/3607 | |
dc.source.bitstream | archive/lib.dr.iastate.edu/aglawdigest/vol23/iss1/1/AgLawDigest_v23n01_01.pdf|||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 | |
relation.isJournalIssueOfPublication | 1c719a83-0304-42d9-a1b1-14c0b57d9f2c | |
relation.isOrgUnitOfPublication | d2bcee6c-7cba-4fa7-bd11-543354ce7b1b |
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