The XYZ Partnership Is Held by Ten Partners Who Have

question 51

Essay

The XYZ Partnership is held by ten partners who have the following capital and profits ownership of the partnership. The tax year- end used by each of the ten partners is also indicated. Assume each partner has used this year- end for at least five years. $$\begin{array} { | c | c | c | } \hline \text { Partner } & \text { Orvnership } & \text { Partner's Tax Year- End } \\\hline \mathrm{A} & 8 \% & 12 / 31 \\\mathrm{~B} & 8 \% & 6 / 30 \\\mathrm{C} & 8 \% & 9 / 30 \\\mathrm{D} & 10 \% & 6 / 30 \\\mathrm{E} & 10 \% & 6 / 30 \\\mathrm{~F} & 10 \% & 10 / 31 \\\mathrm{G} & 10 \% & 9 / 30 \\\mathrm{H} & 12 \% & 12 / 31 \\\mathrm{I} & 12 \% & 6 / 30 \\\mathrm{~K} & 12 \% & 6 / 30\\\hline\end{array}$$ What is the required year- end for the XYZ Partnership, assuming that the business has no natural business year and has not filed a Sec. 444 election?

---

Definitions:

Scrubbing

The process of thoroughly cleaning the hands and arms prior to surgery to remove germs and prevent infection.

Sterile Drape

A sterile cloth used to create a barrier between the surgical field and possible sources of bacteria during medical procedures.

Sterile Field

An area kept free of microorganisms to protect against infection during medical procedures, often created using sterile drapes and equipment.

Delegated Medical Functions

Tasks assigned to healthcare professionals by physicians that are within the scope of the professionals' training.