There are times when an S Corporation offers non-tax advantages over tax Partnerships: Tax partnerships...

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Accounting

There are times when an S Corporation offers non-tax advantages over tax Partnerships: Tax partnerships can offer more flexibility regarding owner allocations of income and deductions. Increased transaction costs have the potential to be recouped The pathway to going public would be one such difference built into a tax partnership. In Mandelbaum v. Commissioner acknowledge an S Premium over tax partnerships.

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