[{"articleAbstract":"A limited liability company can elect to be classified as a corporation and elect S status by following the procedures discussed here.","articleByline":"Editor: Linda Markwood, CPA","articleTitle":"Electing S status by an LLC","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/apr/electing-s-status-llc"},"sortDate":"2020-04-01T05:00:00.000-04:00"},{"articleAbstract":"This item discusses the authority to consider when determining whether the general partner of an investment fund is engaged in a Sec. 162 trade or business.","articleByline":"By Brendan M. Ryan, CPA, MST, New York City, and Alan Speer, CPA, MST, Bienville Capital","articleTitle":"General partner of private investment fund: In a trade or business?","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/apr/general-partner-private-investment-fund-trade-business"},"sortDate":"2020-04-01T05:00:00.000-04:00"},{"articleAbstract":"The IRS published two memoranda that clarify how it will implement the BBA procedures, including appeal rights.","articleByline":"By Matt Cooper, J.D.; Chaim Gordon, J.D.; and John Keenan, J.D., Washington, D.C.","articleTitle":"Centralized partnership audit regime: Appeals procedures","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/mar/centralized-partnership-audit-regime-appeals"},"sortDate":"2020-03-01T05:00:00.000-05:00"},{"articleAbstract":"To promote nationwide consistency, the AICPA encourages states’ adoption of the MTC model statute that conforms to the new federal partnership audit regime.","articleByline":"By Eileen Reichenberg Sherr, CPA, CGMA","articleTitle":"Why states should adopt the MTC model for federal partnership audits","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/mar/multistate-tax-commission-federal-partnerships"},"sortDate":"2020-03-01T05:00:00.000-05:00"},{"articleAbstract":"This article discusses developments in the taxation of partnerships and partners, debt and income allocations, distributions, and basis adjustments.","articleByline":"By Hughlene A. Burton, CPA, Ph.D.","articleTitle":"Current developments in partners and partnerships","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/feb/current-developments-partners-partnerships"},"sortDate":"2020-02-05T00:00:00.000-05:00"}]