Donate
Description
A discussion of the relatively obscure partnership allocation provisions required to satisfy the Alternate Test for Economic Effect, when they are applicable and what they do.
Learning Objectives
Differentiate between the organizational form and the tax treatment of income, expenses, payroll and wage taxes for sole proprietorships, partnerships, LLPs, LLCs, S-corps and C-corps.
Identify adjustments, deductions and exclusions that may be available to sole proprietors, partners, LLPs, LLCs, S-corp and C-corp owners.