2017 income tax fundamentals chapter 10

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Chapter 10: Partnership Taxation Chapter Contents

Chapter 10 Partnership Taxation Chapter Introduction 10­1 Nature of Partnership Taxation 10­1a What Is a Partnership? 10­2 Partnership Formation 10­3 Partnership Income Reporting 10­3a Form 1099­K Reporting Merchant Card and Third­Party Payments 10­4 Current Distributions and Guaranteed Payments 10­4a Guaranteed Payments 10­5 Tax Years 10­6 Transactions between Partners and the Partnership 10­7 The At­Risk Rule 10­8 Limited Liability Companies 10­8a Advantages 10­8b Disadvantages Questions and Problems Key Terms Key Points Group 1: Multiple Choice Questions Group 2: Problems Group 3: Comprehensive Problem Key Number Tax Return Summary Chapter 10: Partnership Taxation Chapter Contents

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