Rock Creek LLC was recently formed with the following members: Name ____________________Tax Year End _________________Capital/Profits % Mark
Question:
Name ____________________Tax Year End _________________Capital/Profits %
Mark Banks .......................December 31 ..........................................35%
Highball PropertiesLLC ...........March 31 .............................................25%
Chavez BuildersInc. ............November 30 ...........................................40%
What is the required taxable year-end for Rock Creek LLC?
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Rock Creek does not have a majority interest taxable year because no partner or group of partners wi...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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