Avoiding Adverse Tax Consequences in Partnership and LLC Reorganizations
5 Pages Posted: 3 Jan 2014 Last revised: 7 Jan 2014
Date Written: December 20, 2013
This article examines the alternative forms available to merging tax partnerships and reveals how the different forms can affect the tax consequences of the parties to such a transaction. In particular, the article illustrates how parties should choose the proper form as needed to avoid adverse tax consequences and manage the bases of property and interests that they transfer or receive as part of a reorganization.
Keywords: partnership merger, partnership division, partnership consolidation, LLC merger and division, assets-up merger, assets-over merger
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