What Is the Rationale for the Specific Rules Partnerships Must

question 34

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)Both B and C