by The TaxResearchPro Team | Oct 26, 2015 | Business Tax
My client purchased the entire interest in a partnership on December 31, 2014, the last day of its fiscal year. Technically, the sale occurred at 11:59 pm so that there would not be any allocation of profit and loss from 2014.
by The TaxResearchPro Team | Sep 11, 2015 | Business Tax
Two partners have three income producing properties and they have a grantor trust set up. Are the activities of the properties reported on the individual Schedule E Forms? What is the proper way for tax reporting for A grantor trust?