Sec. 541 imposes a 20% tax on the undistributed personal holding company income of a personal holding company. Initially ...

Professionals like doctors and lawyers often form a limited liability partnership. There may be tax benefits to forming a partnership instead of a corporation. Investopedia / Matthew Collins In a ...

Further, these partnerships often invest in foreign entities. Many partners, especially limited partners, have no ability to direct the partnership’s operations and investment choices. Since foreign ...

Improving partnership tax compliance is on the list of the IRS's enforcement priorities. Over the past several years, partnership audits by IRS revenue agents have been dismal. The agency's audit ...

They announced several steps to address a tax planning strategy known as basis shifting, in which complex business partnerships can move assets from one entity to another on paper for no reason ...

Getty Images / Thomas Barwick A master limited partnership (MLP) is an unusual investment that combines the tax benefits of a limited partnership (LP) with the liquidity of a common stock.

The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to ...

Two partnerships fighting $10 million in IRS penalties for allegedly overstating the value of their conservation easements ...