While companies, close corporations and sole proprietorships are most commonly used as trading forms, partnerships are still alive and well – as is the taxation thereof. While partnerships might not be taxed as a separate entity, it is still important to know what the tax rules are that apply to the arrangement and to the individual.
For this reason, ProBeta offers a session to explain the tax rules for partnerships and the individuals involved therein.
This session will address the tax rules applicable to the following:
• Brief discussion on the legal considerations and types of partnerships
• The tax rules prescribing the “allocation” of income and expenses to partners, as well as the limited circumstances in which the tax rules would apply to the partnership arrangement.
o This discussion will incorporate specific transaction types and capital gains tax as well.
• Foreign partnerships
• Partners and employees’ tax
Taxpayers involved in partnerships, tax practitioners, business owners, advisors and other professionals might benefit from this course.
