Income tax issues on the death of a member of a professional service LLC.

Thomas J. Dickerson, James A. Fellows, Michael A. Yuhas

Research output: Contribution to journalArticlepeer-review

Abstract

Excerpt: “The scope of the analysis below is limited to the tax consequences of lump-sum cash payments to the SI solely in exchange for her interest in the LLC’s property…The more significant tax concepts…can be best understood by analyzing the tax consequences triggered by a lump-sum cash payment, and space limitations require that we not examine every conceivable issue.” (p..358)

Original languageAmerican English
JournalDefault journal
StatePublished - Jan 1 2003

Keywords

  • Taxation--law and legislation
  • Service industries
  • Partnerships

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