jebblesstone
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What about if there are adjustments due to the audit. Does electing, or electing out change the year the adjustments are made?
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Ok thank you, this helps a lot. I am wondering for how we manage the partnership going forward. Is there any benefits like additional separation from partners, ...
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Is there added personal protection by doing this or is it overly complicating things?
Activity Feed for jebblesstone
- Cheered Re: Can someone explain what happens for both answers to form 1065, ?25. Is the partnership elect... for RobertG. February 14, 2020 11:51 AM
- Posted Re: Can someone explain what happens for both answers to form 1065, ?25. Is the partnership elect... on Business & farm. February 14, 2020 11:18 AM
- Posted Can someone explain what happens for both answers to form 1065, ?25. Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? on Business & farm. February 14, 2020 10:41 AM
- Posted Re: Should a two member LLC, with 50/50 ownership, where one member is a separate LLC file a sche... on Business & farm. February 13, 2020 12:54 PM
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- Posted Re: Should a two member LLC, with 50/50 ownership, where one member is a separate LLC file a sche... on Business & farm. February 13, 2020 12:08 PM
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- Posted Should a two member LLC, with 50/50 ownership, where one member is a separate LLC file a schedule M-3? on Business & farm. February 13, 2020 11:45 AM