Partnership Tax

Because of the “flow-through” tax advantages bestowed upon them by tax law, partnerships make them one of the most important vehicles for structurally encouraging business growth. Our tax attorneys work closely with these types of businesses to determine not only the structure and management of their partnership, but also allocation of their income to reflect economic realities. Further, we stand ready to represent our clients before the Internal Revenue Service (IRS) and any other governmental authority under the complicated rules under which an issue might arise.

The firm can provide counsel on:

  • Formation of partnerships.
  • Additions to partnerships.
  • Distributive shares of the partnership’s taxable income.
  • Sale of partnership interests.
  • Retirement of partners.
  • Liquidation of partnerships.

The firm also provides litigation services related to partnerships.

R. Todd Ervin
Member
Philip M. Lewis
Member
Bryan W. Metcalf
Member