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week 4 discussions
Let’s focus on Partnerships. Discuss the tax law requirements to form a partnership. Include in your discussion the difference in income items, specifically; highlight which items are separately stated. Finally, either in your original post or in a separate post, discuss the calculation of the owners’ distributive share and basis.
2
Let’s discuss S Corporations. Discuss the tax law requirements to form a S Corporation. Include in your discussion the difference in income items, specifically; highlight which items are separately stated. Finally, discuss the calculation of the owners’ distributive share and basis. Why is this important?
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