Discover how limited partnership units provide ownership in Master Limited Partnerships, offering tax benefits and liability limitations for investors.
Discover how Incentive Distribution Rights (IDRs) work in Master Limited Partnerships, their impact on partners' payouts, and ...
In recent years, the IRS has focused its attention and resources on large partnerships. In 2021, the agency launched an initial phase of its Large Partnership Compliance (LPC) program. Under this ...
A partnership is the fastest-growing form of operating a business in America. Partnerships offer much flexibility in tax reporting. The most significant element of this flexibility is the partners’ ...
Final regulations now identify certain partnership related-party "basis shifting" transactions as "transactions of interest" subject to the rules for reportable transactions. The final regs apply to ...
<div class="Section1">Current cash distributions (i.e., not in liquidation of a partner&rsquo;s interest) that are not in excess of the partner&rsquo;s adjusted basis ...
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has renewed a national strategic partnership to improve the safety and health of people employed in constructing and ...