Question: Mr and Mrs Barnes own a fast food restaurant that generates

Mr. and Mrs. Barnes own a fast-food restaurant that generates $160,000 average annual income. The couple wants to shift some of this income to their two children, ages 19 and 22. Can Mr. and Mrs. Barnes organize their restaurant as a family partnership and give each child a 25 percent interest?

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  • CreatedNovember 03, 2015
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