Insights on Partnership Taxation, K-1s, and Multi-Member Entity Strategy
The IRS can now audit your partnership entity and collect tax directly from the business at a 37% rate -- without ever touching your personal return. Here is how the BBA centralized audit regime works and how to protect yourself.
Read More →Outside basis controls your loss deductions, whether distributions are taxable, and your gain when you sell. Most partners never track it -- and it costs them. Here is the step-by-step method.
Read More →Guaranteed payments are owed to the active partner whether the partnership makes money or not -- but they trigger self-employment tax and lose the 199A deduction. Here is how to decide if they are worth it.
Read More →The QBI deduction is now permanent and the phase-in ranges have expanded. Here is exactly what the One Big Beautiful Bill Act changed for partnership owners in 2026 -- and what to do about it.
Read More →If you own a piece of a partnership, you are going to receive a Schedule K-1 every year. Here is what each box means, how it flows to your personal return, and the mistakes that cost partners thousands.
Read More →Partnerships do not have to split profits 50/50. Special allocations let you direct income, losses, and deductions where they save the most in taxes -- if you follow the IRS rules.
Read More →When a partner buys into a partnership at a premium or a partner passes away, a Section 754 election can save the incoming partner significant tax. Most partnerships never make the election -- and it costs them.
Read More →General partnerships, limited partnerships, LLCs, and LLPs all have different tax and liability implications. Here is how to pick the right structure for your business and your tax situation.
Read More →Our books give you the knowledge. Our team helps you implement it. Schedule a consultation with AE Tax Advisors to start saving.
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