My Account
Sign up, and you'll be able to customize your font size and more!
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Dec 14, 2024
9:16
:56
am
TwinsRight
All-American
You know that you’re the guy we turn to with these types of questions, right?
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
TwinsRight
Bio page
TwinsRight
Joined
Nov 21, 2015
Last login
Dec 14, 2024
Total posts
7,812 (487 FO)
Report problem with this ad
Messages
Author
Time
Tax question I don’t know the answer for and not sure where to look
Acorn
9:15am
You know that you’re the guy we turn to with these types of questions, right?
TwinsRight
9:16am
Love to help people but this one is a bit out of my range. Tricky question that
Acorn
10:37am
I don’t see what the problem would be but would ask an accountant ultimately.
bluecougar1985
9:19am
What does the partnership agreement say? Also have to consider self employment
Chester Copperpot
9:19am
This
Taxrulz
10:18am
Partnership agreement can be amended. Both are subject to identical self
Acorn
10:47am
You can have shifting allocations in an LLC (partnership). Like mentioned, what
JB2JH
9:26am
If the individual receiving the additional income is also going to receive
JB2JH
9:33am
Agree. Partnership can allocate as they wish but it needs to reflect the actual
citron
9:40am
This can be covered based on reported time spent time spent
Acorn
10:35am
Are you saying the lower tax bracket partner would receive the taxable income
JB2JH
10:53am
You can if you want to spend some time in Sing Sing.
TeeKaa
11:09am
Great stuff. Thanks for the link. I will read it.
Acorn
10:44am
Yes the IRS cares about allocations
TeeKaa
9:53am
This is good advice
Taxrulz
10:23am
Exactly. From this slightly above average run of the mill CPA…me
Acorn
10:43am
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad
