Examlex
On Form 1065, partners' capital accounts should be determined using the same method on Schedule L, Schedule M-2, and the Schedules K-1 prepared for the partners.
Common Law
A body of unwritten laws based on legal precedents established by the courts, as opposed to statutory laws.
Full Warranty
A comprehensive guarantee that covers the repair or replacement of any defect in a product within a specified period.
Magnuson-Moss Act
The Magnuson-Moss Act is a federal law aimed at protecting consumers from deceptive warranty practices, requiring warranties to be clear and comprehensive.
Defective Part
A component or piece of a larger item that has a flaw or imperfection, rendering it unfit for its intended use.
Q10: Ashley, the sole shareholder of Hawk Corporation,
Q14: Hope, Inc., an exempt organization, owns a
Q23: House members have considerable latitude to make
Q54: A two-or-more member LLC operates under partnership
Q66: The rules used to determine the taxability
Q68: Lucy transfers equipment (basis of $25,000 and
Q100: Lemon, Inc., a private foundation, engages in
Q114: An S shareholder who dies during the
Q116: With respect to passive losses, there are
Q129: An S election is made on the