How to ensure partnership tax treatment for an LLC. (limited liability company): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1995. The length of the article is 1616 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: IRS Revenue Procedure 95-10 identifies the requirements for federal pass-through tax status for limited liability companies (LLCs). The entity must lack two of four corporate characteristics: continuity of life, free transferability, limited liability and centralized management. State LLC statutes are sometimes strict enough that state compliance will ensure federal tax qualification, but many states have default or flexible statutes. It is in these states in particular that tax professionals must ensure that the standards of 95-10 are met.

Citation Details
Title: How to ensure partnership tax treatment for an LLC. (limited liability company)
Author: Hal, Jr. McKinney
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n8 Page: 481(3)

Distributed by Thomson Gale