Simple Substantial Economic Effect Regulatory Compliance:an Overview
The Internal Revenue Service considers Section 704(b)’s substantial economic effect regulations among the most complex. This course teaches the Treasury Regulations enable simple compliance through (Per Capita: Balances: Ratios) capital account accounting method truncated transitivity, economic effect equivalence, and substantiality’s conclusive presumption. The partnership special allocations public policy mandate is made clear thereby: encourage going concern productivity while discouraging its abandonment.
Partnership Special Allocation Substantial Economic Effect: History, Background, and Policy
Capital Account Accounting
Economic Effect’s Trinity
Simplified Substantiality Compliance: the Treas. Reg. Section 1.704-1(b)(2)(iii)(c)(2) Conclusive Presumption
Partnership Agreement Special Allocation Substantial Economic Effect Provisions
Crunching Some Numbers: Going Concern Capital Account Maintenance
Crunching Some Numbers: Liquidation Capital Account Maintenance
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Applicable if you are a NVCPA member in good standing.
Applicable if you are not a NVCPA member.
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