FEDERAL TAXATION NJ 2021

Chapter 10: Partnership Taxation

Please visit the IRS website and research partnerships. Please provide an explanation of partnerships from the information provided. Next, research information on LLCs. Please explain this form of business organization and describe some of the advantages and disadvantages of LLCs. Additionally, provide an example of a type of business that would be suited to the LLC form of business organization.

Please be sure to include at least one APA formatted references for your initial post. Always begin with your eText for a first source of information. This means that your eText will always be included as a reference in each initial post for each discussion board this semester. Also, please be sure to reference any IRS web addresses used.

Please check your initial post for comments or questions from me and be sure to provide a comprehensive response, as requested.

You are required to enter a minimum of three meaningful posts for full credit for the weekly discussions. These will include your initial post, your response to me, and a response to at least one classmate. If you enter your initial post late on Saturday, it's possible that I may not be able to provide any comments to your thread. If that is the case, please meet your minimum number of posts by responding to at least two classmates. I encourage you enter your initial post to the weekly discussion boards as early in the week as possible. This allows your hard work to be read by your classmates. Additionally, posting early in the week gives you the time needed to develop thoughtful initial posts that will likely earn the maximum number of points.

In responses to classmates, please provide additional information about partnerships and LLCs researched from the IRS website.