Tax Consequences of Forming, Selling, and Dissolving Partnerships and Disregarded Entities (Rev. Ruls. 99-5 and 99-6)

In this episode of How Tax Works, host Matt Foreman discusses the tax consequences of going from a disregarded entity to a partnership (Rev. Rul. 99-5) and from a partnership to a disregarded entity (Rev. Rul. 99-6).  From explaining when there is taxable income (and how to structure to avoid it), as well as capital accounts, inside basis, and outside basis, this episode is for anyone who is starting, selling, or investing in a business, whether alone or with a partner.

Please also see Matt Foreman’s upcoming webinars! Links are below:

• Positives and Negatives of S Corporations
  October 29th, 2024 @ 1:00pm – 2:00pm EDT 
• Tax Strategies for Limited Partner Investors in Private Investment Funds
  November 14th, 2024 @ 1:00pm – 2:30pm EST
  
  

How Tax Works, hosted by Falcon Rappaport & Berkman LLP Partner Matthew E. Foreman, Esq., LL.M., delves into the intricacies of taxation, breaking down complex concepts for a clearer understanding of how tax laws impact your financial decisions.

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