Liquidation is the process of settling all business liabilities and valuing and disposing of a business's assets. When your company is organized as a partnership, liquidation involves state law and ...

If the amount realized by a taxpayer upon the sale of a partnership interest to a third party is insufficient to restore to the taxpayer his adjusted basis for the interest – i.e., his unrecovered ...

In the same way that two or more people can agree to enter into a partnership to conduct business, they can also agree to terminate it. A partnership termination agreement outlines the way in which ...

Chief Counsel Advice 201741018 (the CCA), which was released on October 13, 2017, considers the manner in which losses of a non-US partnership should be allocated among the partnership’s US and non-US ...

Most valuation experts use data from the syndicated limited partnership (SLP) market to determine applicable valuations for family limited partnerships (FLPs) that hold real estate. However, in the ...

WASHINGTON, DC - SEPTEMBER 29: Speaker of the House Nancy Pelosi (D-CA) leaves the House floor after a procedural vote in relation to suspending the U.S. debt ceiling at the U.S. Capitol on September ...