What Is the Rationale for the Specific Rules Partnerships Must

question 6

Multiple Choice

What is the rationale for the specific rules partnerships must follow in determining a partnership's taxable year-end?

• A) To increase the amount of aggregate tax deferral partners receive
• B) To minimize the amount of aggregate tax deferral partners receive
• C) To align the year-end of the partnership with the year-end of a majority of the partners
• D) To spread the workload of CPAs more evenly over the year
• E) To minimize the amount of aggregate tax deferral partners receive and to align the year-end of the partnership with the year-end of a majority of the partners

---

Definitions:

Big Five Model

A theory identifying five broad personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

A personality trait characterized by kindness, empathy, trust, and cooperativeness.

Big Five Model

A psychological framework that identifies five broad personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.