 | United States. Tax Court - 1969 - 1192 pages
...of the partnership provisions of the Internal Revenue Code of 1954, the committee reports stated : and frequently contradictory. As a result partners...partnership with any assurance as to tax consequences. [H. Kept. No. 1337, to accompany HR 8300 (Pub. L. 691), 83d Cong., 2d Sess., p. 65 (1954) ; S. Rept.... | |
 | United States. Tax Court - 1978 - 1134 pages
...situation can be aptly summarized by the following observation contained in its legislative history: The existing tax treatment of partners and partnerships...partnership with any assurance as to tax consequences. ******* Because of the vital need for clarification, your committee has undertaken the first comprehensive... | |
 | United States. Tax Court - 1969 - 1194 pages
...of the partnership provisions of the Internal Revenue Code of 1954, the committee reports stated : The existing tax treatment of partners and partnerships...partnership with any assurance as to tax consequences. [H. Kept. No. 1337, to accompany HR 8300 (Pub. L. 591), 83d Cong., 2d Sess., p. 65 (1954) ; S. Kept... | |
 | United States. Tax Court - 1964 - 974 pages
...partners and partnerships is among the most confused in the entire tax field"; that "partners * * * cannot form, operate, or dissolve a partnership with any assurance as to tax consequences"; that the proposed statutory provisions [subchapter K] represented the "first comprehensive statutory... | |
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The existing tax treatment of partners and partnerships is among the most confused in the entire Income tax field. The present statutory provisions are wholly Inadequate. The published regulations, rulings, and court decisions are Incomplete and frequently... 