About: Partnership taxation in the United States

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The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners. Federal tax law permits the owners of the entity to agree how the income of the entity will be allocated among them, but requires that this allocation reflect the economic reality of their business arrangement, as tested under complicated rules.

Attributes	Values
rdf:type	yago:WikicatPartnerships yago:Abstraction100002137 yago:Business108061042 yago:Enterprise108056231 yago:Group100031264 yago:Organization108008335 yago:Partnership108060694 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity yago:SocialGroup107950920
rdfs:label	Partnership taxation in the United States (en)
rdfs:comment	The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners. Federal tax law permits the owners of the entity to agree how the income of the entity will be allocated among them, but requires that this allocation reflect the economic reality of their business arrangement, as tested under complicated rules. (en)
dcterms:subject	Partnerships Taxation in the United States Business taxes
Wikipage page ID	1586317 (xsd:integer)
Wikipage revision ID	1098366278 (xsd:integer)
Link from a Wikipage to another Wikipage	Partnership accounting Partnership taxation Partnerships Internal Revenue Code Limited liability company Limited liability partnership Taxation in the United States Corporation Liquidation General partnership Liquidation value Business taxes Northwestern University Capital account Fair market value Flow-through entity Karen C. Burke Texas IRS Income tax in the United States Internal Revenue Service New York City United States Code Treasury regulations Partnership agreement Treasury bill Installment Note Trust (Law) USA dbr:Wikt:safe_harbor
Link from a Wikipage to an external page	https://www.irs.gov/businesses/small/article/0,,id=98214,00.html
sameAs	Partnership taxation in the United States Partnership taxation in the United States Partnership taxation in the United States Partnership taxation in the United States
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:UStaxation
has abstract	The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners. Federal tax law permits the owners of the entity to agree how the income of the entity will be allocated among them, but requires that this allocation reflect the economic reality of their business arrangement, as tested under complicated rules. (en)
prov:wasDerivedFrom	wikipedia-en:Partnership_taxation_in_the_United_States?oldid=1098366278&ns=0
page length (characters) of wiki page	28054 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Partnership_taxation_in_the_United_States
is Link from a Wikipage to another Wikipage of	Ronald Wayne Batman v. Commissioner SteelPath 2013 term United States Supreme Court opinions of Antonin Scalia Income tax in the United States Partnership taxation in the united states Richard Gershon S corporation United States corporate law Partnership taxation (USA)
is Wikipage redirect of	Partnership taxation in the united states Partnership taxation (USA)
is foaf:primaryTopic of	wikipedia-en:Partnership_taxation_in_the_United_States

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