Abstract
Constructive cash distributions to partners with possible concomitant severe tax impact can occur whenever a partners share of firm or individual liabilities is cut. This reduction of liabilities can be triggered by a variety of typical partnership transactions. Messrs. Parker arid Lee analyze those transactions under which there is the danger of unforeseen taxation and urge extreme caution.
Document Type
Article
Publication Date
8-1974
Publication Information
41 The Journal of Taxation 88-94 (1974)
Repository Citation
Parker, Robert S. Jr. and Lee, John W., "Constructive Cash Distributions in a Partnership: How and When They Occur" (1974). Faculty Publications. 1396.
https://scholarship.law.wm.edu/facpubs/1396
