Partnership Election" Please respond to the following: Create a scenario to illustrate how using a partnership formation would yield a greater tax advantage than as a corporation. Provide support for your rationale. Assume that you are a CPA advising a tax client that operates as a partnership. For tax-planning purposes, assess the most significant items to be considered in a partnership and the planning advice that you would give related to these items to minimize current or future tax liabilities. Provide support for your rationale