Partners Must Generally Treat the Value of Profits Interests They

question 114

True/False

Partners must generally treat the value of profits interests they receive in exchange for services as ordinary income.

---

Definitions:

Taste

A sense that detects flavors in substances, primarily recognized via taste buds on the tongue.

Chemical Stimulus

A type of stimulus involving chemicals that can initiate a biological response in an organism or cell.

Olfactory

Relating to the sense of smell or the organs of smell.

Facial

Pertaining to the face or a beauty treatment for the face.