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Does the Contribution of Services to a Partnership in Exchange

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Does the contribution of services to a partnership in exchange for an unrestricted partnership interest qualify for Sec. 721 nontaxable treatment?


Definitions:

Psychometricians

Scientists who specialize in the theory and technique of psychological measurement, including the development and refinement of tests and measurements of personality, abilities, and attitudes.

Spearman's Rank

A nonparametric measure of rank correlation, assessing the strength and direction of association between two ranked variables.

Standardized College Entrance Exam

A test administered to prospective college students, designed to assess their readiness for college-level work and often used in admissions decisions.

Rank Correlation Coefficient

A statistic that measures the degree of association between two ranked variables, assessing the strength and direction of their relationship.

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