Resources

Chris Weeg wrote an article for the State-to-State Newsletter, Summer 2017 issue published by The Florida Bar Out-of-State Division. Click here to read his full article.

It is commonly known that sales of partnerships can give rise to ordinary income (subject to a current maximum tax rate of 39.6%) and long-term capital gain (subject to a current maximum tax rate of 20%). This is true...

At the close of 2016, the IRS’ contempt for syndicated conservation easement deals reached its peak with the IRS identifying such transactions as “listed transactions.” See prior MC Talks Tax blog post here. By...

Last year IRS Chief Counsel declared that a “partnership is not a corporation” and that the “wage and reasonable compensation rules which are applicable to corporations…do not apply.” Therefore once a partner is no...