Comments on the Taxation of Passthrough Entities
George K. Yin
University of Virginia School of Law
July 23, 2013
140 Tax Notes 358 (2013)
Virginia Public Law and Legal Theory Research Paper No. 2013-20
Virginia Law and Economics Research Paper No. 2013-05
This paper is a slightly revised version of comments submitted to the House Committee on Ways & Means concerning four proposals to reform the taxation of passthrough entities. Among other things, the paper urges that passthrough entities be required to recognize gain on distributions of appreciated property to an owner of the entity. Adoption of this single proposal of the committee would be a meaningful step towards achieving the committee’s dual goals of simplification and reform.
Number of Pages in PDF File: 6
Keywords: passthrough entity, passthrough tax reform, partnership distributions, partnership allocations, Section 1374
JEL Classification: K34, K40Accepted Paper Series
Date posted: June 6, 2013 ; Last revised: June 28, 2014
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