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  2. Partnership accounting - Wikipedia

    en.wikipedia.org/wiki/Partnership_accounting

    It does not matter whether or not a partner withdrew any amount of money from his capital account. . Net income or loss is allocated to the partners in accordance with the partnership agreement . In the absence of any agreement between partners, profits and losses must be shared equally regardless of the ratio of the partners' investments.

  3. Partnership taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Partnership_taxation_in...

    An allocation is not substantial if at the time the allocation becomes part of the partnership agreement, (1) the after-tax economic consequences of at least one partner may be enhanced compared to such consequences if the allocation was not contained in the partnership agreement, and (2) there is a strong likelihood that the after-tax ...

  4. Partnership taxation - Wikipedia

    en.wikipedia.org/wiki/Partnership_taxation

    Partnerships are "flow-through" entities for United States federal income taxation purposes. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners.

  5. Tax basis - Wikipedia

    en.wikipedia.org/wiki/Tax_basis

    A partner's tax basis in the partnership generally equals the adjusted basis of property contributed or cash paid plus any income recognized by the partner on the formation of the partnership, plus the partner's share of the liabilities of the partnership under 26 U.S.C. § 752. Such income may arise from services performed in exchange for the ...

  6. Does domestic partnership affect your California taxes? Here ...

    www.aol.com/news/does-domestic-partnership...

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  7. Partner (business rank) - Wikipedia

    en.wikipedia.org/wiki/Partner_(business_rank)

    A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders.

  8. The 9 Best Sale Items at Costco Right Now - AOL

    www.aol.com/9-best-sale-items-costco-200246923.html

    $5.50 off each 24-pack of 16.9-ounce bottles. If you're tackling Dry January, San Pellegrino sparkling mineral water is a great way to mix things up.The 24-pack of 16.9-ounce bottles is $5.50 off ...

  9. Flow-through entity - Wikipedia

    en.wikipedia.org/wiki/Flow-through_entity

    According to International Bureau of Fiscal Documentation [] (IBFD) a pass-through entity or flow-through entity (FTE) is a "non-taxable entity, such as a partnership, under which the income or expense is generally regarded as income or expense of the participants under the transparency principle."