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Create a scenario to illustrate how using a partnership formation would yield a greater tax advantage than as a corporation. Provide support for your rationale.

Assume that you are a CPA advising a tax client that operates as a partnership. For tax-planning purposes, assess the most significant items to be considered in a partnership and the planning advice that you would give related to these items to minimize current or future tax liabilities. Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943687

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