Does the Contribution of Services to a Partnership in Exchange

question 107

Essay

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

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Definitions:

Conditions of Worth

are standards imposed by others, especially during childhood, that individuals believe they must meet to be valued or loved.

Unconditional Positive Regard

This is a concept in client-centered therapy proposing total acceptance and support of a person regardless of what they say or do.

Inherent Value

The intrinsic worth of something, independent of its utility or application.

Conditional Regard

A form of approval or affection given to someone only when they meet certain expectations or criteria.