Partnership Liabilities, Tax Shelters and Different Views of the Same - Ed Zollars
Partnerships - LLC
English - May 17, 2008 05:52 - 18.1 MB - ★★★★★ - 1 ratingInvesting Business cpa taxation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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This PodCast deals with a Fifth Circuit ruling in Kornman & Associates, Inc. v. United States on whether a taxpayer who set up a Son of BOSS style shelter would get the benefit that was expected--and the taxpayer was disappointed. The case offers a chance to review the unusual impact that liabilities have in a partnership context, as well as the question of just what is a liability for this purpose.
The materials for this podcast can be downloaded at http://www.edzollars.com/2008-05-19_Partnership_Liabilities.pdf .
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