Examlex
If questions of fact are involved,the court will decide the case based on the pleadings alone.
Contributed Property
Assets or property given to a charitable organization, potentially eligible for a tax deduction based on the property's fair market value.
Partnership Formation
The process of creating a partnership, which involves two or more parties joining together to carry on a trade or business, with each contributing money, property, labor, or skill.
Guaranteed Payments
Payments made by a partnership to a partner for services or the use of capital without regard to the partnership's income.
Separately Stated Item
A specific item of income, deduction, gain, or loss that must be reported separately on tax returns to ensure it is treated correctly for tax purposes.
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