QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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Category > Law Posted 23 Sep 2017 My Price 5.00

Assume that two individuals, each of whom is engaged in the business of providing whale watching tours, jointly acquire a fishing vessel.

Assume that two individuals, each of whom is engaged in the business of providing whale watching tours, jointly acquire a fishing vessel. Each individual uses the boat in his separate business, and neither accounts to the other for profits earned from his separate use of the boat. Under these facts, will this arrangement be treated as a partnership for tax purposes?

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QuickHelper
(10)
Status NEW Posted 23 Sep 2017 02:09 PM My Price 5.00

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