The State Partnership Program began as a cautious post-Cold War experiment and has evolved into one of the most enduring and ...

Without a valid partnership agreement, state laws govern the rules for your business partnership's creation and operation. Each state, excluding Louisiana, employs some variation of the Uniform ...

Explore real estate limited partnerships (RELPs), where investors pool funds for property investments, benefiting from ...

A partnership is a formal agreement between two or more individuals to form a business entity, share the responsibility of liabilities, and distribute profits. The United States doesn't have a ...

In tax controversy and litigation matters, sometimes procedure trumps the merits. The statute of limitations is a great example. Even if the taxpayer made a mistake on a prior year return, the IRS ...

A general partnership, while inexpensive to set up, potentially saddles the partners with big personal liability. Many, or all, of the products featured on this page are from our advertising partners ...

Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

The courts recently faced a series of cases involving the classification of partnership items. IRC section 6255(a) (2) defines a partnership item as something a partnership must take into account ...

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BlackRock raised $12.5 billion for the AI investment partnership it formed in 2024 with Microsoft and United Arab Emirates-backed MGX, giving it more firepower to invest in data centers and energy ...

Centralized Partnership Audit Regime (CPAR) is a somewhat new regime that followed TEFRA. Congress promulgated CPAR as part of the Bi-partisan Budget Act of 2015.[1] For taxable years beginning in ...