By: Ralph Levy, Jr.In a recent Chief Counsel Advice (CCA 201640014, issued 9/30/2016), the Office of Chief Counsel (“OCC”) of the Internal Revenue Service found that all of a franchisee’s share of earnings from a partnership...Read More
Category: Chief Counsel Advice
by taxblog | Apr 18, 2016
By Emily Dorisio It is common for LLCs operating (and taxed) as real estate partnerships to obtain nonrecourse financing secured only by the real estate owned by the LLC. Liabilities of an LLC taxed as a partnership are...Read More
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