Your partnership agreement controls more than profit splits and decision-making. It determines how the IRS treats your allocations, who handles audits, and whether partners get cash to pay
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Partnership Tax Planning Strategies for 2026: What Changed and What to Do Now
The One Big Beautiful Bill Act (OBBBA) rewrote the rules for partnership tax planning in 2026. If you’re still working off 2024 playbooks, you’re leaving money on the
Real Estate Partnership Tax Planning: Strategies for Investors and Property Owners
Partnerships dominate real estate investing for good reason. The combination of pass-through taxation, debt basis rules, and flexible profit sharing makes partnerships the preferred structure for everything from
Family Partnership Tax Strategies: Income Splitting, Estate Planning, and Asset Protection
Family partnerships let you shift income to family members in lower tax brackets, transfer wealth at discounted values, and protect assets from creditors. When structured correctly, they’re one
Partnership vs S-Corp: Which Business Structure Saves More on Taxes?
Partnership or S-Corp? The answer determines how much you pay in self-employment tax, how you can split profits, and how much flexibility you have with business debt. Both
S-Corp vs Partnership: Complete Tax Comparison for 2026
Both S-Corporations and partnerships are pass-through entities. Neither pays federal income tax at the entity level. Income flows through to the owners’ personal returns. But the similarities end
Partnership Liquidation Tax Guide 2026: Distribution Rules & Tax Planning
Key Takeaways: Liquidating distributions are generally tax-free up to partner’s basis Gain recognized only when cash/marketable securities exceed basis Loss recognized only on liquidating distributions of money, receivables,
Section 754 Election Guide: Partnership Basis Adjustments Explained
Key Takeaways: Section 754 allows optional basis adjustments for partnership assets Triggered by: Transfer of partnership interest OR distribution of property Section 743(b): Adjusts basis when partnership interest
Partnership Self-Employment Tax Guide 2026: Rates, Rules & Limited Partner Exceptions
Key Takeaways: Partners are self-employed, not employees. No W-2 wages for partners. SE tax rate: 15.3% (12.4% Social Security + 2.9% Medicare) Additional 0.9% Medicare above $200,000 (single) or $250,000
Guaranteed Payments to Partners: Complete Tax Treatment Guide 2026
Key Takeaways: Guaranteed payments are for services or capital, regardless of partnership income Taxed as ordinary income to the receiving partner Subject to self-employment tax (including limited partners