A partnership might form when limited partners ... Both LPs and LLCs have pass-through taxation, meaning the profits get taxed as personal income. However, corporations must pay federal taxes ...

Special attention is given to all aspects of partnership taxation. Subjects include partnership formation and liquidation, special allocations, basis adjustments for operating items, and deductions, ...

While the limited liability feature is similar to that of a corporation, the availability of pass-through taxation to the members of an LLC is a feature of a partnership rather than an LLC.

President Donald J. Trump and Italian Prime Minister Giorgia Meloni met officially for the first time in Washington, D.C.

ITAT Mumbai held that presumptive taxation scheme under section 44AD of the Income Tax Act is duly applicable to nursing home since the assessee cannot be classified as a ‘person’ engaged in the ...