Need help with your Discussion

Get a timely done, PLAGIARISM-FREE paper
from our highly-qualified writers!


Basic Principles of Partnership Taxation

Basic Principles of Partnership Taxation

Sample Answer 

Basic Principles of Partnership Taxation

Based on the article Basic principles of partnership taxation by Casey et al. (2008), Partnership taxation forms a type of taxation that identifies when a person is either a tax professional or not. In the article, partnerships are considered non-tax entities since the taxes are transferred to the partners instead of the business they carry out in the economy. In general, the article partnership is not subject to income tax since the individuals involved in doing the business are always taken liable for the income tax by the government in their different and respective capacities.

As opposed to the article, the major advantage that can be realized by forming a partnership is the planning opportunities available in creating the business structure. There are aspects of business structure highlighted in the article in the discussion about partnership. Similarly, several features of partnership have been addressed in the textbook reading but are not highlighted in the provided article Basic principles of partnership taxation by Casey et al. (2008). For instance, some of the basic features of partnership in the article include equal profit and loss sharing ratio among the members of a general partnership.

Another difference between the article and the textbook discussion about a partnership is the existing type of partners. From the book, partners are classified into a general partnership, limited liability partnership, limited partnership, and limited liability company. However, the existing types of partnerships have not been identified in the article provided. Despite the differences, the book and the article present similar discussions on the features, tax benefits, and individual advantages realized from the partnership by the partners.


Casey, R., Casper, F., Caudill, W., Jones, D., Klein, W., & Pickron, M. (2008). Basic principles of partnership taxation., Business Entities, 10(3), 22-29. Retrieved from ABI/INFORM Global.


We’ll write everything from scratch


Basic Principles of Partnership Taxation

Review the following article: Casey, R., Casper, F., Caudill, W., Jones, D., Klein, W., & Pickron, M. (2008, May). Basic principles of partnership taxation.,Business Entities, 10(3), 22-29. Retrieved July 16, 2010, from ABI/INFORM Global. (Document ID: 1512954131). (Course Pack)

Basic Principles of Partnership Taxation

Basic Principles of Partnership Taxation

For discussion:

  • What are the differences between the article and the reading from your textbook on partnerships?

Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.

We Can Write It for You! Enjoy 20% OFF on This Order. Use Code SAVE20

Stuck with your Assignment?

Enjoy 20% OFF Today
Use code SAVE20