No TDS is required from the share of profits credited or paid to a partner. Under general law, a partnership firm is not a legal entity separate from its partners—it is a group of partners.

The law firm’s chairman, Brad Karp, capitulated to the president’s threats. The descendants of the man who wrote its high-minded principles told Mr. Karp that he had betrayed them. By Benjamin ...

Editors: Alexander J. Brosseau, CPA, and Greg A. Fairbanks, J.D., LL.M. The taxation of the grant of a partnership interest exchanged for services is not a new topic. Partnership interests have been ...

Milbank, based in Manhattan, agreed to provide $100 million in pro bono legal services to causes supported by the president and the firm. By Matthew Goldstein Another big law firm has reached an ...

The Greater Des Moines Partnership has announced the 2025 dates for its intern professional development series, DSM Intern Connection. The series aims to connect college-age interns with community ...

The below communication, obtained by law.com, was transmitted from Willkie Farr & Gallagher's executive committee Tuesday afternoon shortly after the firm's agreement with the Trump administration ...

President Trump on Tuesday announced his administration struck a deal with a law firm with ties to former second gentleman Doug Emhoff and the House panel that investigated the Jan. 6 attack on ...

Preventing unwanted tax consequences from compensatory partnership interests requires understanding Regs. Sec. 1.721-1(b)(2) and safe-harbor guidance under Rev. Procs. 93-27 and 2001-43. Form 7217, ...

A so-called meme coin promoted by Trump has generated at least $349 million in fees for entities connected to the president, according to crypto data firm Chainalysis. Multiple bar charts showing ...

President Trump on Tuesday revealed he reached a deal with the high-powered law firm that hired former second gentleman Doug Emhoff — his latest agreement since targeting left-leaning white-shoe ...

Today, the FA and Hilton have announced a three-year partnership, with Hilton becoming Official Hotel Partner of the England football teams. This includes Wembley Stadium connected by EE and St.