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Ch 11: Tax Considerations for Business Partnerships

About This Chapter

Explore the engaging lessons in this short chapter to improve your knowledge of various tax considerations for business partnerships. Multiple-choice quizzes and a practice exam can check your understanding of these considerations and ensure you're ready and able to answer these types of questions on a future test.

Tax Considerations for Business Partnerships - Chapter Summary

This chapter offers the comprehensive overview you need to deepen your knowledge of different tax considerations for business partnerships. Review fun lessons to get a better understanding of family limited partnerships (FLPs), business partnerships, partner interest and more. Completing this chapter will enable you to:

  • Discuss the basic concepts and roles of business partnerships
  • Detail the process of creating a business partnership agreement
  • Describe the liability and tax structure of business partnerships
  • Define and discuss the tax implications of family limited partnerships
  • Share the definition and describe the disposition and services of partner interest
  • Provide details about partnership dissolution and termination
  • Explain the basics of debt and property in business partnerships
  • List tax filing requirements and penalties for business partnerships

Review one, several or all the lessons in this chapter based on the areas of tax considerations for business partnerships you need to review. Feel free to navigate the lessons in any order and view them as often as you'd like. If you develop questions about specific topics covered in this chapter, be sure to submit them to our experts. Mini quizzes and our practice exam can check your comprehension before the day of your test.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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