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Author Question: A partnership may elect to use a fiscal year if the business recognizes 25% or more of its annual ... (Read 33 times)

CharlieWard

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on: Sep 13, 2020

Question 1

A partnership is generally required to use the tax year of one or more partners who own more than a 50% interest in partnership profits and capital.
◦ true
◦ false

Question 2

A partnership may elect to use a fiscal year if the business recognizes 25% or more of its annual gross receipts in the last two months of the fiscal year for three consecutive 12-month periods.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by CharlieWard on Sep 13, 2020

jaygar71

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CharlieWard

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

essyface1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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