id	sid	tid	token	lemma	pos
taxlaw-2791	1	1	microsoft	microsoft	PROPN
taxlaw-2791	1	2	word	word	PROPN
taxlaw-2791	1	3	06	06	NUM
taxlaw-2791	1	4	burke	burke	PROPN
taxlaw-2791	1	5	,	,	PUNCT
taxlaw-2791	1	6	the	the	DET
taxlaw-2791	1	7	sound	sound	NOUN
taxlaw-2791	1	8	and	and	CCONJ
taxlaw-2791	1	9	the	the	DET
taxlaw-2791	1	10	fury	fury	NOUN
taxlaw-2791	1	11	of	of	ADP
taxlaw-2791	1	12	carried	carry	VERB
taxlaw-2791	1	13	interest	interest	NOUN
taxlaw-2791	1	14	reform.docx	reform.docx	NOUN
taxlaw-2791	1	15	1	1	NUM
taxlaw-2791	1	16	articles	article	NOUN
taxlaw-2791	1	17	the	the	DET
taxlaw-2791	1	18	sound	sound	NOUN
taxlaw-2791	1	19	and	and	CCONJ
taxlaw-2791	1	20	fury	fury	NOUN
taxlaw-2791	1	21	of	of	ADP
taxlaw-2791	1	22	carried	carry	VERB
taxlaw-2791	1	23	interest	interest	NOUN
taxlaw-2791	1	24	reform	reform	NOUN
taxlaw-2791	2	1	karen	karen	PROPN
taxlaw-2791	2	2	c.	c.	PROPN
taxlaw-2791	2	3	burke	burke	PROPN
taxlaw-2791	2	4	*	*	PROPN
taxlaw-2791	2	5	introduction	introduction	NOUN
taxlaw-2791	2	6	..............................................................................................	..............................................................................................	PUNCT
taxlaw-2791	2	7	1	1	NUM
taxlaw-2791	2	8	i.	i.	NOUN
taxlaw-2791	2	9	private	private	ADJ
taxlaw-2791	2	10	equity	equity	NOUN
taxlaw-2791	2	11	funds	fund	NOUN
taxlaw-2791	2	12	:	:	PUNCT
taxlaw-2791	2	13	allocations	allocation	NOUN
taxlaw-2791	2	14	and	and	CCONJ
taxlaw-2791	2	15	distributions	distribution	NOUN
taxlaw-2791	2	16	..........................................................................	..........................................................................	PUNCT
taxlaw-2791	2	17	7	7	NUM
taxlaw-2791	2	18	a.	a.	NOUN
taxlaw-2791	2	19	understanding	understand	VERB
taxlaw-2791	2	20	the	the	DET
taxlaw-2791	2	21	business	business	NOUN
taxlaw-2791	2	22	arrangements	arrangement	NOUN
taxlaw-2791	2	23	that	that	PRON
taxlaw-2791	2	24	prompted	prompt	VERB
taxlaw-2791	2	25	proposed	propose	VERB
taxlaw-2791	2	26	§	§	PROPN
taxlaw-2791	2	27	710	710	NUM
taxlaw-2791	2	28	....................................................	....................................................	SYM
taxlaw-2791	2	29	7	7	NUM
taxlaw-2791	2	30	b.	b.	NOUN
taxlaw-2791	2	31	economic	economic	ADJ
taxlaw-2791	2	32	risk	risk	NOUN
taxlaw-2791	2	33	of	of	ADP
taxlaw-2791	2	34	loss	loss	NOUN
taxlaw-2791	2	35	and	and	CCONJ
taxlaw-2791	2	36	deemed	deem	VERB
taxlaw-2791	2	37	taxes	taxis	NOUN
taxlaw-2791	2	38	.......................	.......................	PUNCT
taxlaw-2791	2	39	12	12	NUM
taxlaw-2791	2	40	c.	c.	NOUN
taxlaw-2791	2	41	timing	timing	NOUN
taxlaw-2791	2	42	of	of	ADP
taxlaw-2791	2	43	distributions	distribution	NOUN
taxlaw-2791	2	44	and	and	CCONJ
taxlaw-2791	2	45	disguised	disguised	ADJ
taxlaw-2791	2	46	loans	loan	NOUN
taxlaw-2791	2	47	...................	...................	PUNCT
taxlaw-2791	3	1	14	14	NUM
taxlaw-2791	3	2	d.	d.	PROPN
taxlaw-2791	3	3	earned	earn	VERB
taxlaw-2791	3	4	capital	capital	NOUN
taxlaw-2791	3	5	....................................................................	....................................................................	PUNCT
taxlaw-2791	3	6	17	17	NUM
taxlaw-2791	3	7	ii	ii	NOUN
taxlaw-2791	3	8	.	.	PROPN
taxlaw-2791	4	1	proposed	propose	VERB
taxlaw-2791	4	2	§	§	PROPN
taxlaw-2791	4	3	§	§	PROPN
taxlaw-2791	4	4	710	710	NUM
taxlaw-2791	4	5	and	and	CCONJ
taxlaw-2791	4	6	83	83	NUM
taxlaw-2791	4	7	.........................................................	.........................................................	SYM
taxlaw-2791	4	8	19	19	NUM
taxlaw-2791	4	9	a.	a.	NOUN
taxlaw-2791	4	10	ordinary	ordinary	ADJ
taxlaw-2791	4	11	income	income	NOUN
taxlaw-2791	4	12	treatment	treatment	NOUN
taxlaw-2791	4	13	...............................................	...............................................	PUNCT
taxlaw-2791	4	14	19	19	NUM
taxlaw-2791	4	15	b.	b.	PROPN
taxlaw-2791	4	16	joint	joint	ADJ
taxlaw-2791	4	17	-	-	PUNCT
taxlaw-2791	4	18	tax	tax	NOUN
taxlaw-2791	4	19	perspective	perspective	NOUN
taxlaw-2791	4	20	and	and	CCONJ
taxlaw-2791	4	21	§	§	PROPN
taxlaw-2791	4	22	83	83	NUM
taxlaw-2791	4	23	..........................................	..........................................	SYM
taxlaw-2791	4	24	23	23	NUM
taxlaw-2791	4	25	c.	c.	NOUN
taxlaw-2791	4	26	compensatory	compensatory	NOUN
taxlaw-2791	4	27	options	option	NOUN
taxlaw-2791	4	28	versus	versus	ADP
taxlaw-2791	4	29	profits	profit	NOUN
taxlaw-2791	4	30	interests	interest	NOUN
taxlaw-2791	4	31	................	................	PUNCT
taxlaw-2791	4	32	30	30	NUM
taxlaw-2791	4	33	iii	iii	NOUN
taxlaw-2791	4	34	.	.	PROPN
taxlaw-2791	4	35	earned	earn	VERB
taxlaw-2791	4	36	capital	capital	NOUN
taxlaw-2791	4	37	—	—	PUNCT
taxlaw-2791	4	38	the	the	DET
taxlaw-2791	4	39	bifurcation	bifurcation	NOUN
taxlaw-2791	4	40	approach	approach	NOUN
taxlaw-2791	4	41	................	................	PUNCT
taxlaw-2791	5	1	33	33	NUM
taxlaw-2791	5	2	a.	a.	NOUN
taxlaw-2791	5	3	earned	earn	VERB
taxlaw-2791	5	4	capital	capital	NOUN
taxlaw-2791	5	5	....................................................................	....................................................................	PUNCT
taxlaw-2791	5	6	34	34	NUM
taxlaw-2791	5	7	b.	b.	NOUN
taxlaw-2791	5	8	cash	cash	NOUN
taxlaw-2791	5	9	salary	salary	NOUN
taxlaw-2791	5	10	reinvestment	reinvestment	NOUN
taxlaw-2791	5	11	plan	plan	NOUN
taxlaw-2791	5	12	.........................................	.........................................	PUNCT
taxlaw-2791	5	13	35	35	NUM
taxlaw-2791	5	14	c.	c.	NOUN
taxlaw-2791	5	15	shortcomings	shortcoming	NOUN
taxlaw-2791	5	16	of	of	ADP
taxlaw-2791	5	17	capital	capital	NOUN
taxlaw-2791	5	18	accounts	account	NOUN
taxlaw-2791	5	19	....................................	....................................	PUNCT
taxlaw-2791	5	20	41	41	NUM
taxlaw-2791	5	21	conclusion	conclusion	NOUN
taxlaw-2791	5	22	...............................................................................................	...............................................................................................	PUNCT
taxlaw-2791	5	23	44	44	NUM
taxlaw-2791	5	24	introduction	introduction	NOUN
taxlaw-2791	5	25	of	of	ADP
taxlaw-2791	5	26	all	all	DET
taxlaw-2791	5	27	the	the	DET
taxlaw-2791	5	28	proposals	proposal	NOUN
taxlaw-2791	5	29	advanced	advance	VERB
taxlaw-2791	5	30	in	in	ADP
taxlaw-2791	5	31	recent	recent	ADJ
taxlaw-2791	5	32	years	year	NOUN
taxlaw-2791	5	33	to	to	PART
taxlaw-2791	5	34	reform	reform	VERB
taxlaw-2791	5	35	subchapter	subchapter	NOUN
taxlaw-2791	5	36	k	k	PROPN
taxlaw-2791	5	37	,	,	PUNCT
taxlaw-2791	5	38	the	the	DET
taxlaw-2791	5	39	part	part	NOUN
taxlaw-2791	5	40	of	of	ADP
taxlaw-2791	5	41	the	the	DET
taxlaw-2791	5	42	internal	internal	ADJ
taxlaw-2791	5	43	revenue	revenue	NOUN
taxlaw-2791	5	44	code	code	NOUN
taxlaw-2791	5	45	(	(	PUNCT
taxlaw-2791	5	46	“	"	PUNCT
taxlaw-2791	5	47	irc	irc	PROPN
taxlaw-2791	5	48	”	"	PUNCT
taxlaw-2791	5	49	or	or	CCONJ
taxlaw-2791	5	50	“	"	PUNCT
taxlaw-2791	5	51	code	code	NOUN
taxlaw-2791	5	52	”	"	PUNCT
taxlaw-2791	5	53	)	)	PUNCT
taxlaw-2791	5	54	governing	govern	VERB
taxlaw-2791	5	55	partnership	partnership	NOUN
taxlaw-2791	5	56	tax	tax	NOUN
taxlaw-2791	5	57	,	,	PUNCT
taxlaw-2791	5	58	perhaps	perhaps	ADV
taxlaw-2791	5	59	none	none	NOUN
taxlaw-2791	5	60	has	have	AUX
taxlaw-2791	5	61	generated	generate	VERB
taxlaw-2791	5	62	more	more	ADJ
taxlaw-2791	5	63	acrimony	acrimony	NOUN
taxlaw-2791	5	64	and	and	CCONJ
taxlaw-2791	5	65	confusion	confusion	NOUN
taxlaw-2791	5	66	*	*	PUNCT
taxlaw-2791	5	67	warren	warren	PROPN
taxlaw-2791	5	68	distinguished	distinguished	ADJ
taxlaw-2791	5	69	professor	professor	NOUN
taxlaw-2791	5	70	of	of	ADP
taxlaw-2791	5	71	law	law	NOUN
taxlaw-2791	5	72	,	,	PUNCT
taxlaw-2791	5	73	university	university	PROPN
taxlaw-2791	5	74	of	of	ADP
taxlaw-2791	5	75	san	san	PROPN
taxlaw-2791	5	76	diego	diego	PROPN
taxlaw-2791	5	77	school	school	PROPN
taxlaw-2791	5	78	of	of	ADP
taxlaw-2791	5	79	law	law	NOUN
taxlaw-2791	5	80	.	.	PUNCT
taxlaw-2791	6	1	the	the	DET
taxlaw-2791	6	2	author	author	NOUN
taxlaw-2791	6	3	wishes	wish	VERB
taxlaw-2791	6	4	to	to	PART
taxlaw-2791	6	5	thank	thank	VERB
taxlaw-2791	6	6	especially	especially	ADV
taxlaw-2791	6	7	mark	mark	PROPN
taxlaw-2791	6	8	gergen	gergen	PROPN
taxlaw-2791	6	9	,	,	PUNCT
taxlaw-2791	6	10	michael	michael	PROPN
taxlaw-2791	6	11	schler	schler	PROPN
taxlaw-2791	6	12	,	,	PUNCT
taxlaw-2791	6	13	david	david	PROPN
taxlaw-2791	6	14	walker	walker	PROPN
taxlaw-2791	6	15	,	,	PUNCT
taxlaw-2791	6	16	and	and	CCONJ
taxlaw-2791	6	17	george	george	PROPN
taxlaw-2791	6	18	yin	yin	PROPN
taxlaw-2791	6	19	for	for	ADP
taxlaw-2791	6	20	helping	help	VERB
taxlaw-2791	6	21	to	to	PART
taxlaw-2791	6	22	clarify	clarify	VERB
taxlaw-2791	6	23	her	she	PRON
taxlaw-2791	6	24	thinking	thinking	NOUN
taxlaw-2791	6	25	about	about	ADP
taxlaw-2791	6	26	the	the	DET
taxlaw-2791	6	27	carried	carry	VERB
taxlaw-2791	6	28	interest	interest	NOUN
taxlaw-2791	6	29	problem	problem	NOUN
taxlaw-2791	6	30	.	.	PUNCT
taxlaw-2791	7	1	the	the	DET
taxlaw-2791	7	2	author	author	NOUN
taxlaw-2791	7	3	acknowledges	acknowledge	VERB
taxlaw-2791	7	4	generous	generous	ADJ
taxlaw-2791	7	5	research	research	NOUN
taxlaw-2791	7	6	support	support	NOUN
taxlaw-2791	7	7	from	from	ADP
taxlaw-2791	7	8	the	the	DET
taxlaw-2791	7	9	university	university	PROPN
taxlaw-2791	7	10	of	of	ADP
taxlaw-2791	7	11	san	san	PROPN
taxlaw-2791	7	12	diego	diego	PROPN
taxlaw-2791	7	13	school	school	PROPN
taxlaw-2791	7	14	of	of	ADP
taxlaw-2791	7	15	law	law	NOUN
taxlaw-2791	7	16	.	.	PUNCT
taxlaw-2791	8	1	this	this	DET
taxlaw-2791	8	2	research	research	NOUN
taxlaw-2791	8	3	was	be	AUX
taxlaw-2791	8	4	not	not	PART
taxlaw-2791	8	5	supported	support	VERB
taxlaw-2791	8	6	by	by	ADP
taxlaw-2791	8	7	funding	funding	NOUN
taxlaw-2791	8	8	from	from	ADP
taxlaw-2791	8	9	any	any	DET
taxlaw-2791	8	10	outside	outside	ADJ
taxlaw-2791	8	11	source	source	NOUN
taxlaw-2791	8	12	.	.	PROPN
taxlaw-2791	9	1	2	2	NUM
taxlaw-2791	9	2	columbia	columbia	PROPN
taxlaw-2791	9	3	jour	jour	PROPN
taxlaw-2791	9	4	�	�	PROPN
taxlaw-2791	9	5	al	al	PROPN
taxlaw-2791	9	6	of	of	ADP
taxlaw-2791	9	7	tax	tax	NOUN
taxlaw-2791	9	8	law	law	NOUN
taxlaw-2791	10	1	[	[	X
taxlaw-2791	10	2	vol	vol	NOUN
taxlaw-2791	10	3	.	.	PUNCT
taxlaw-2791	10	4	1:1	1:1	NUM
taxlaw-2791	10	5	than	than	ADP
taxlaw-2791	10	6	the	the	DET
taxlaw-2791	10	7	pending	pending	ADJ
taxlaw-2791	10	8	carried	carry	VERB
taxlaw-2791	10	9	interest	interest	NOUN
taxlaw-2791	10	10	legislation	legislation	NOUN
taxlaw-2791	10	11	contained	contain	VERB
taxlaw-2791	10	12	in	in	ADP
taxlaw-2791	10	13	proposed	propose	VERB
taxlaw-2791	10	14	§	§	PROPN
taxlaw-2791	10	15	710.1	710.1	NUM
taxlaw-2791	10	16	while	while	SCONJ
taxlaw-2791	10	17	reformers	reformer	NOUN
taxlaw-2791	10	18	have	have	AUX
taxlaw-2791	10	19	framed	frame	VERB
taxlaw-2791	10	20	the	the	DET
taxlaw-2791	10	21	issue	issue	NOUN
taxlaw-2791	10	22	of	of	ADP
taxlaw-2791	10	23	taxing	tax	VERB
taxlaw-2791	10	24	the	the	DET
taxlaw-2791	10	25	compensatory	compensatory	ADJ
taxlaw-2791	10	26	portion	portion	NOUN
taxlaw-2791	10	27	of	of	ADP
taxlaw-2791	10	28	a	a	DET
taxlaw-2791	10	29	service	service	NOUN
taxlaw-2791	10	30	partner	partner	NOUN
taxlaw-2791	10	31	’s	’s	PART
taxlaw-2791	10	32	return	return	NOUN
taxlaw-2791	10	33	as	as	ADP
taxlaw-2791	10	34	ordinary	ordinary	ADJ
taxlaw-2791	10	35	income	income	NOUN
taxlaw-2791	10	36	in	in	ADP
taxlaw-2791	10	37	terms	term	NOUN
taxlaw-2791	10	38	of	of	ADP
taxlaw-2791	10	39	distributive	distributive	ADJ
taxlaw-2791	10	40	justice	justice	NOUN
taxlaw-2791	10	41	,	,	PUNCT
taxlaw-2791	10	42	critics	critic	NOUN
taxlaw-2791	10	43	have	have	AUX
taxlaw-2791	10	44	been	be	AUX
taxlaw-2791	10	45	quick	quick	ADJ
taxlaw-2791	10	46	to	to	PART
taxlaw-2791	10	47	invoke	invoke	VERB
taxlaw-2791	10	48	the	the	DET
taxlaw-2791	10	49	rhetoric	rhetoric	NOUN
taxlaw-2791	10	50	of	of	ADP
taxlaw-2791	10	51	class	class	NOUN
taxlaw-2791	10	52	warfare	warfare	NOUN
taxlaw-2791	10	53	to	to	PART
taxlaw-2791	10	54	fend	fend	VERB
taxlaw-2791	10	55	off	off	ADP
taxlaw-2791	10	56	reform.2	reform.2	PROPN
taxlaw-2791	10	57	in	in	ADP
taxlaw-2791	10	58	the	the	DET
taxlaw-2791	10	59	most	most	ADJ
taxlaw-2791	10	60	elementary	elementary	ADJ
taxlaw-2791	10	61	terms	term	NOUN
taxlaw-2791	10	62	,	,	PUNCT
taxlaw-2791	10	63	the	the	DET
taxlaw-2791	10	64	carried	carry	VERB
taxlaw-2791	10	65	interest	interest	NOUN
taxlaw-2791	10	66	legislation	legislation	NOUN
taxlaw-2791	10	67	would	would	AUX
taxlaw-2791	10	68	tax	tax	VERB
taxlaw-2791	10	69	some	some	PRON
taxlaw-2791	10	70	(	(	PUNCT
taxlaw-2791	10	71	but	but	CCONJ
taxlaw-2791	10	72	not	not	PART
taxlaw-2791	10	73	all	all	PRON
taxlaw-2791	10	74	)	)	PUNCT
taxlaw-2791	10	75	of	of	ADP
taxlaw-2791	10	76	a	a	DET
taxlaw-2791	10	77	service	service	NOUN
taxlaw-2791	10	78	partner	partner	NOUN
taxlaw-2791	10	79	’s	’s	PART
taxlaw-2791	10	80	share	share	NOUN
taxlaw-2791	10	81	of	of	ADP
taxlaw-2791	10	82	partnership	partnership	NOUN
taxlaw-2791	10	83	profits	profit	NOUN
taxlaw-2791	10	84	as	as	ADP
taxlaw-2791	10	85	ordinary	ordinary	ADJ
taxlaw-2791	10	86	income.3	income.3	ADP
taxlaw-2791	10	87	even	even	ADV
taxlaw-2791	10	88	at	at	ADP
taxlaw-2791	10	89	this	this	DET
taxlaw-2791	10	90	basic	basic	ADJ
taxlaw-2791	10	91	level	level	NOUN
taxlaw-2791	10	92	,	,	PUNCT
taxlaw-2791	10	93	however	however	ADV
taxlaw-2791	10	94	,	,	PUNCT
taxlaw-2791	10	95	the	the	DET
taxlaw-2791	10	96	contours	contours	NOUN
taxlaw-2791	10	97	of	of	ADP
taxlaw-2791	10	98	the	the	DET
taxlaw-2791	10	99	proposed	propose	VERB
taxlaw-2791	10	100	legislation	legislation	NOUN
taxlaw-2791	10	101	are	be	AUX
taxlaw-2791	10	102	ambiguous	ambiguous	ADJ
taxlaw-2791	10	103	.	.	PUNCT
taxlaw-2791	11	1	indeed	indeed	ADV
taxlaw-2791	11	2	,	,	PUNCT
taxlaw-2791	11	3	the	the	DET
taxlaw-2791	11	4	reform	reform	NOUN
taxlaw-2791	11	5	is	be	AUX
taxlaw-2791	11	6	sometimes	sometimes	ADV
taxlaw-2791	11	7	misdescribed	misdescribe	VERB
taxlaw-2791	11	8	as	as	ADP
taxlaw-2791	11	9	taxing	tax	VERB
taxlaw-2791	11	10	“	"	PUNCT
taxlaw-2791	11	11	distributions	distribution	NOUN
taxlaw-2791	11	12	”	"	PUNCT
taxlaw-2791	11	13	rather	rather	ADV
taxlaw-2791	11	14	than	than	ADP
taxlaw-2791	11	15	“	"	PUNCT
taxlaw-2791	11	16	distributive	distributive	ADJ
taxlaw-2791	11	17	shares	share	NOUN
taxlaw-2791	11	18	”	"	PUNCT
taxlaw-2791	11	19	as	as	ADP
taxlaw-2791	11	20	ordinary	ordinary	ADJ
taxlaw-2791	11	21	income	income	NOUN
taxlaw-2791	11	22	,	,	PUNCT
taxlaw-2791	11	23	a	a	DET
taxlaw-2791	11	24	distinction	distinction	NOUN
taxlaw-2791	11	25	that	that	PRON
taxlaw-2791	11	26	is	be	AUX
taxlaw-2791	11	27	fundamental.4	fundamental.4	PROPN
taxlaw-2791	11	28	moreover	moreover	ADV
taxlaw-2791	11	29	,	,	PUNCT
taxlaw-2791	11	30	the	the	DET
taxlaw-2791	11	31	precise	precise	ADJ
taxlaw-2791	11	32	tax	tax	NOUN
taxlaw-2791	11	33	advantage	advantage	NOUN
taxlaw-2791	11	34	of	of	ADP
taxlaw-2791	11	35	carried	carry	VERB
taxlaw-2791	11	36	interest	interest	NOUN
taxlaw-2791	11	37	arrangements	arrangement	NOUN
taxlaw-2791	11	38	depends	depend	VERB
taxlaw-2791	11	39	crucially	crucially	ADV
taxlaw-2791	11	40	on	on	ADP
taxlaw-2791	11	41	whether	whether	SCONJ
taxlaw-2791	11	42	one	one	NOUN
taxlaw-2791	11	43	adopts	adopt	VERB
taxlaw-2791	11	44	a	a	DET
taxlaw-2791	11	45	“	"	PUNCT
taxlaw-2791	11	46	joint	joint	ADJ
taxlaw-2791	11	47	-	-	PUNCT
taxlaw-2791	11	48	tax	tax	NOUN
taxlaw-2791	11	49	”	"	PUNCT
taxlaw-2791	11	50	perspective	perspective	NOUN
taxlaw-2791	11	51	or	or	CCONJ
taxlaw-2791	11	52	focuses	focus	VERB
taxlaw-2791	11	53	more	more	ADV
taxlaw-2791	11	54	narrowly	narrowly	ADV
taxlaw-2791	11	55	1	1	NUM
taxlaw-2791	11	56	.	.	PUNCT
taxlaw-2791	11	57	unless	unless	SCONJ
taxlaw-2791	11	58	otherwise	otherwise	ADV
taxlaw-2791	11	59	indicated	indicate	VERB
taxlaw-2791	11	60	,	,	PUNCT
taxlaw-2791	11	61	all	all	DET
taxlaw-2791	11	62	statutory	statutory	ADJ
taxlaw-2791	11	63	references	reference	NOUN
taxlaw-2791	11	64	to	to	ADP
taxlaw-2791	11	65	the	the	DET
taxlaw-2791	11	66	internal	internal	ADJ
taxlaw-2791	11	67	revenue	revenue	NOUN
taxlaw-2791	11	68	code	code	NOUN
taxlaw-2791	11	69	(	(	PUNCT
taxlaw-2791	11	70	i.r.c	i.r.c	NOUN
taxlaw-2791	11	71	.	.	PUNCT
taxlaw-2791	11	72	)	)	PUNCT
taxlaw-2791	11	73	are	be	AUX
taxlaw-2791	11	74	to	to	ADP
taxlaw-2791	11	75	the	the	DET
taxlaw-2791	11	76	i.r.c	i.r.c	NOUN
taxlaw-2791	11	77	.	.	PUNCT
taxlaw-2791	12	1	as	as	ADV
taxlaw-2791	12	2	currently	currently	ADV
taxlaw-2791	12	3	in	in	ADP
taxlaw-2791	12	4	effect	effect	NOUN
taxlaw-2791	12	5	.	.	PUNCT
taxlaw-2791	13	1	references	reference	NOUN
taxlaw-2791	13	2	to	to	ADP
taxlaw-2791	13	3	proposed	propose	VERB
taxlaw-2791	13	4	§	§	PROPN
taxlaw-2791	13	5	710	710	NUM
taxlaw-2791	13	6	(	(	PUNCT
taxlaw-2791	13	7	prop	prop	NOUN
taxlaw-2791	13	8	.	.	PUNCT
taxlaw-2791	14	1	§	§	PROPN
taxlaw-2791	14	2	710	710	NUM
taxlaw-2791	14	3	)	)	PUNCT
taxlaw-2791	14	4	refer	refer	VERB
taxlaw-2791	14	5	to	to	ADP
taxlaw-2791	14	6	the	the	DET
taxlaw-2791	14	7	version	version	NOUN
taxlaw-2791	14	8	introduced	introduce	VERB
taxlaw-2791	14	9	by	by	ADP
taxlaw-2791	14	10	representative	representative	ADJ
taxlaw-2791	14	11	sander	sander	PROPN
taxlaw-2791	14	12	levin	levin	PROPN
taxlaw-2791	14	13	in	in	ADP
taxlaw-2791	14	14	april	april	PROPN
taxlaw-2791	14	15	2009	2009	NUM
taxlaw-2791	14	16	.	.	PUNCT
taxlaw-2791	15	1	h.r	h.r	PROPN
taxlaw-2791	15	2	.	.	PROPN
taxlaw-2791	15	3	1935	1935	NUM
taxlaw-2791	15	4	,	,	PUNCT
taxlaw-2791	15	5	111th	111th	ADJ
taxlaw-2791	15	6	cong	cong	NOUN
taxlaw-2791	15	7	.	.	PUNCT
taxlaw-2791	16	1	(	(	PUNCT
taxlaw-2791	16	2	2009	2009	NUM
taxlaw-2791	16	3	)	)	PUNCT
taxlaw-2791	17	1	[	[	X
taxlaw-2791	17	2	hereinafter	hereinafter	NOUN
taxlaw-2791	17	3	levin	levin	PROPN
taxlaw-2791	17	4	bill	bill	PROPN
taxlaw-2791	17	5	]	]	PUNCT
taxlaw-2791	17	6	.	.	PUNCT
taxlaw-2791	18	1	see	see	VERB
taxlaw-2791	18	2	also	also	ADV
taxlaw-2791	18	3	tax	tax	NOUN
taxlaw-2791	18	4	extenders	extender	NOUN
taxlaw-2791	18	5	act	act	VERB
taxlaw-2791	18	6	of	of	ADP
taxlaw-2791	18	7	2009	2009	NUM
taxlaw-2791	18	8	,	,	PUNCT
taxlaw-2791	18	9	h.r	h.r	PROPN
taxlaw-2791	18	10	.	.	PROPN
taxlaw-2791	18	11	4213	4213	NUM
taxlaw-2791	18	12	,	,	PUNCT
taxlaw-2791	18	13	111th	111th	ADJ
taxlaw-2791	18	14	cong	cong	NOUN
taxlaw-2791	18	15	.	.	PUNCT
taxlaw-2791	19	1	(	(	PUNCT
taxlaw-2791	19	2	2009	2009	NUM
taxlaw-2791	19	3	)	)	PUNCT
taxlaw-2791	19	4	.	.	PUNCT
taxlaw-2791	20	1	the	the	DET
taxlaw-2791	20	2	current	current	ADJ
taxlaw-2791	20	3	legislation	legislation	NOUN
taxlaw-2791	20	4	is	be	AUX
taxlaw-2791	20	5	similar	similar	ADJ
taxlaw-2791	20	6	to	to	ADP
taxlaw-2791	20	7	the	the	DET
taxlaw-2791	20	8	alternative	alternative	ADJ
taxlaw-2791	20	9	minimum	minimum	ADJ
taxlaw-2791	20	10	tax	tax	NOUN
taxlaw-2791	20	11	relief	relief	NOUN
taxlaw-2791	20	12	act	act	NOUN
taxlaw-2791	20	13	of	of	ADP
taxlaw-2791	20	14	2008	2008	NUM
taxlaw-2791	20	15	,	,	PUNCT
taxlaw-2791	20	16	h.r	h.r	PROPN
taxlaw-2791	20	17	.	.	PROPN
taxlaw-2791	20	18	6275	6275	NUM
taxlaw-2791	20	19	,	,	PUNCT
taxlaw-2791	20	20	110th	110th	ADJ
taxlaw-2791	20	21	cong	cong	NOUN
taxlaw-2791	20	22	.	.	PUNCT
taxlaw-2791	21	1	(	(	PUNCT
taxlaw-2791	21	2	2008	2008	NUM
taxlaw-2791	21	3	)	)	PUNCT
taxlaw-2791	21	4	.	.	PUNCT
taxlaw-2791	22	1	the	the	DET
taxlaw-2791	22	2	senate	senate	PROPN
taxlaw-2791	22	3	finance	finance	PROPN
taxlaw-2791	22	4	committee	committee	PROPN
taxlaw-2791	22	5	held	hold	VERB
taxlaw-2791	22	6	relevant	relevant	ADJ
taxlaw-2791	22	7	hearings	hearing	NOUN
taxlaw-2791	22	8	on	on	ADP
taxlaw-2791	22	9	july	july	PROPN
taxlaw-2791	22	10	11	11	NUM
taxlaw-2791	22	11	,	,	PUNCT
taxlaw-2791	22	12	2007	2007	NUM
taxlaw-2791	22	13	,	,	PUNCT
taxlaw-2791	22	14	and	and	CCONJ
taxlaw-2791	22	15	july	july	PROPN
taxlaw-2791	22	16	31	31	NUM
taxlaw-2791	22	17	,	,	PUNCT
taxlaw-2791	22	18	2007	2007	NUM
taxlaw-2791	22	19	.	.	PUNCT
taxlaw-2791	23	1	s.	s.	PROPN
taxlaw-2791	23	2	finance	finance	PROPN
taxlaw-2791	23	3	comm	comm	NOUN
taxlaw-2791	23	4	.	.	PUNCT
taxlaw-2791	24	1	,	,	PUNCT
taxlaw-2791	24	2	hearing	hear	VERB
taxlaw-2791	24	3	on	on	ADP
taxlaw-2791	24	4	carried	carry	VERB
taxlaw-2791	24	5	interest	interest	NOUN
taxlaw-2791	24	6	(	(	PUNCT
taxlaw-2791	24	7	2007	2007	NUM
taxlaw-2791	24	8	)	)	PUNCT
taxlaw-2791	25	1	[	[	X
taxlaw-2791	25	2	hereinafter	hereinafter	NOUN
taxlaw-2791	25	3	senate	senate	PROPN
taxlaw-2791	25	4	hearings	hearing	NOUN
taxlaw-2791	25	5	]	]	PUNCT
taxlaw-2791	25	6	,	,	PUNCT
taxlaw-2791	25	7	available	available	ADJ
taxlaw-2791	25	8	at	at	ADP
taxlaw-2791	25	9	http://finance.senate.gov/sitepages/hearing071107.htm	http://finance.senate.gov/sitepages/hearing071107.htm	X
taxlaw-2791	25	10	(	(	PUNCT
taxlaw-2791	25	11	part	part	NOUN
taxlaw-2791	25	12	i	i	NOUN
taxlaw-2791	25	13	)	)	PUNCT
taxlaw-2791	25	14	and	and	CCONJ
taxlaw-2791	25	15	http://finance.senate.gov/sitepages/hearing073107.htm	http://finance.senate.gov/sitepages/hearing073107.htm	X
taxlaw-2791	25	16	(	(	PUNCT
taxlaw-2791	25	17	part	part	NOUN
taxlaw-2791	25	18	ii	ii	PROPN
taxlaw-2791	25	19	)	)	PUNCT
taxlaw-2791	25	20	(	(	PUNCT
taxlaw-2791	25	21	last	last	ADV
taxlaw-2791	25	22	visited	visit	VERB
taxlaw-2791	25	23	feb	feb	PROPN
taxlaw-2791	25	24	.	.	PROPN
taxlaw-2791	25	25	14	14	NUM
taxlaw-2791	25	26	,	,	PUNCT
taxlaw-2791	25	27	2010	2010	NUM
taxlaw-2791	25	28	)	)	PUNCT
taxlaw-2791	25	29	.	.	PUNCT
taxlaw-2791	26	1	the	the	DET
taxlaw-2791	26	2	house	house	PROPN
taxlaw-2791	26	3	ways	way	NOUN
taxlaw-2791	26	4	and	and	CCONJ
taxlaw-2791	26	5	means	mean	VERB
taxlaw-2791	26	6	committee	committee	NOUN
taxlaw-2791	26	7	held	hold	VERB
taxlaw-2791	26	8	a	a	DET
taxlaw-2791	26	9	hearing	hearing	NOUN
taxlaw-2791	26	10	on	on	ADP
taxlaw-2791	26	11	sept	sept	PROPN
taxlaw-2791	26	12	.	.	PROPN
taxlaw-2791	26	13	6	6	NUM
taxlaw-2791	26	14	,	,	PUNCT
taxlaw-2791	26	15	2007	2007	NUM
taxlaw-2791	26	16	.	.	PUNCT
taxlaw-2791	27	1	h.	h.	PROPN
taxlaw-2791	27	2	ways	ways	PROPN
taxlaw-2791	27	3	&	&	CCONJ
taxlaw-2791	27	4	means	mean	VERB
taxlaw-2791	27	5	comm	comm	NOUN
taxlaw-2791	27	6	.	.	PUNCT
taxlaw-2791	28	1	,	,	PUNCT
taxlaw-2791	28	2	hearing	hear	VERB
taxlaw-2791	28	3	on	on	ADP
taxlaw-2791	28	4	fair	fair	ADJ
taxlaw-2791	28	5	and	and	CCONJ
taxlaw-2791	28	6	equitable	equitable	ADJ
taxlaw-2791	28	7	tax	tax	NOUN
taxlaw-2791	28	8	policy	policy	NOUN
taxlaw-2791	28	9	for	for	ADP
taxlaw-2791	28	10	america	america	PROPN
taxlaw-2791	28	11	’s	’s	PART
taxlaw-2791	28	12	working	working	PROPN
taxlaw-2791	28	13	families	family	NOUN
taxlaw-2791	28	14	(	(	PUNCT
taxlaw-2791	28	15	2007	2007	NUM
taxlaw-2791	28	16	)	)	PUNCT
taxlaw-2791	29	1	[	[	X
taxlaw-2791	29	2	hereinafter	hereinafter	NOUN
taxlaw-2791	29	3	house	house	NOUN
taxlaw-2791	29	4	hearing	hearing	NOUN
taxlaw-2791	29	5	]	]	PUNCT
taxlaw-2791	29	6	,	,	PUNCT
taxlaw-2791	29	7	available	available	ADJ
taxlaw-2791	29	8	at	at	ADP
taxlaw-2791	29	9	http://waysandmeans.house.gov/hearings/transcript.aspx?newsid=10305	http://waysandmeans.house.gov/hearings/transcript.aspx?newsid=10305	PROPN
taxlaw-2791	29	10	(	(	PUNCT
taxlaw-2791	29	11	last	last	ADJ
taxlaw-2791	29	12	visited	visit	VERB
taxlaw-2791	29	13	feb	feb	PROPN
taxlaw-2791	29	14	.	.	PROPN
taxlaw-2791	29	15	14	14	NUM
taxlaw-2791	29	16	,	,	PUNCT
taxlaw-2791	29	17	2010	2010	NUM
taxlaw-2791	29	18	)	)	PUNCT
taxlaw-2791	29	19	.	.	PUNCT
taxlaw-2791	30	1	2	2	X
taxlaw-2791	30	2	.	.	X
taxlaw-2791	30	3	see	see	VERB
taxlaw-2791	30	4	,	,	PUNCT
taxlaw-2791	30	5	e.g.	e.g.	ADV
taxlaw-2791	30	6	,	,	PUNCT
taxlaw-2791	30	7	victor	victor	PROPN
taxlaw-2791	30	8	fleischer	fleischer	PROPN
taxlaw-2791	30	9	,	,	PUNCT
taxlaw-2791	30	10	two	two	NUM
taxlaw-2791	30	11	and	and	CCONJ
taxlaw-2791	30	12	twenty	twenty	NUM
taxlaw-2791	30	13	:	:	PUNCT
taxlaw-2791	30	14	taxing	tax	VERB
taxlaw-2791	30	15	partnership	partnership	NOUN
taxlaw-2791	30	16	profits	profit	NOUN
taxlaw-2791	30	17	in	in	ADP
taxlaw-2791	30	18	private	private	ADJ
taxlaw-2791	30	19	equity	equity	NOUN
taxlaw-2791	30	20	funds	fund	NOUN
taxlaw-2791	30	21	,	,	PUNCT
taxlaw-2791	30	22	83	83	NUM
taxlaw-2791	30	23	n.y.u	n.y.u	NOUN
taxlaw-2791	30	24	.	.	PUNCT
taxlaw-2791	31	1	l.	l.	PROPN
taxlaw-2791	31	2	rev	rev	PROPN
taxlaw-2791	31	3	.	.	PROPN
taxlaw-2791	31	4	1	1	NUM
taxlaw-2791	31	5	,	,	PUNCT
taxlaw-2791	31	6	5	5	NUM
taxlaw-2791	31	7	(	(	PUNCT
taxlaw-2791	31	8	2008	2008	NUM
taxlaw-2791	31	9	)	)	PUNCT
taxlaw-2791	31	10	(	(	PUNCT
taxlaw-2791	31	11	“	"	PUNCT
taxlaw-2791	31	12	distributive	distributive	ADJ
taxlaw-2791	31	13	justice	justice	NOUN
taxlaw-2791	31	14	,	,	PUNCT
taxlaw-2791	31	15	of	of	ADP
taxlaw-2791	31	16	course	course	NOUN
taxlaw-2791	31	17	,	,	PUNCT
taxlaw-2791	31	18	is	be	AUX
taxlaw-2791	31	19	also	also	ADV
taxlaw-2791	31	20	a	a	DET
taxlaw-2791	31	21	concern	concern	NOUN
taxlaw-2791	31	22	.	.	PUNCT
taxlaw-2791	31	23	”	"	PUNCT
taxlaw-2791	31	24	)	)	PUNCT
taxlaw-2791	31	25	;	;	PUNCT
taxlaw-2791	31	26	house	house	NOUN
taxlaw-2791	31	27	hearing	hearing	NOUN
taxlaw-2791	31	28	,	,	PUNCT
taxlaw-2791	31	29	supra	supra	PROPN
taxlaw-2791	31	30	note	note	NOUN
taxlaw-2791	31	31	1	1	NUM
taxlaw-2791	31	32	(	(	PUNCT
taxlaw-2791	31	33	statement	statement	NOUN
taxlaw-2791	31	34	of	of	ADP
taxlaw-2791	31	35	victor	victor	PROPN
taxlaw-2791	31	36	fleischer	fleischer	PROPN
taxlaw-2791	31	37	)	)	PUNCT
taxlaw-2791	31	38	,	,	PUNCT
taxlaw-2791	31	39	at	at	ADP
taxlaw-2791	31	40	7	7	NUM
taxlaw-2791	31	41	(	(	PUNCT
taxlaw-2791	31	42	“	"	PUNCT
taxlaw-2791	31	43	a	a	DET
taxlaw-2791	31	44	few	few	ADJ
taxlaw-2791	31	45	professors	professor	NOUN
taxlaw-2791	31	46	have	have	AUX
taxlaw-2791	31	47	been	be	AUX
taxlaw-2791	31	48	retained	retain	VERB
taxlaw-2791	31	49	by	by	ADP
taxlaw-2791	31	50	the	the	DET
taxlaw-2791	31	51	private	private	ADJ
taxlaw-2791	31	52	equity	equity	NOUN
taxlaw-2791	31	53	industry	industry	NOUN
taxlaw-2791	31	54	to	to	PART
taxlaw-2791	31	55	argue	argue	VERB
taxlaw-2791	31	56	for	for	ADP
taxlaw-2791	31	57	the	the	DET
taxlaw-2791	31	58	status	status	NOUN
taxlaw-2791	31	59	quo	quo	NOUN
taxlaw-2791	31	60	;	;	PUNCT
taxlaw-2791	31	61	there	there	PRON
taxlaw-2791	31	62	may	may	AUX
taxlaw-2791	31	63	be	be	AUX
taxlaw-2791	31	64	a	a	DET
taxlaw-2791	31	65	handful	handful	NOUN
taxlaw-2791	31	66	of	of	ADP
taxlaw-2791	31	67	others	other	NOUN
taxlaw-2791	31	68	who	who	PRON
taxlaw-2791	31	69	independently	independently	ADV
taxlaw-2791	31	70	support	support	VERB
taxlaw-2791	31	71	the	the	DET
taxlaw-2791	31	72	status	status	NOUN
taxlaw-2791	31	73	quo	quo	NOUN
taxlaw-2791	31	74	,	,	PUNCT
taxlaw-2791	31	75	but	but	CCONJ
taxlaw-2791	31	76	they	they	PRON
taxlaw-2791	31	77	are	be	AUX
taxlaw-2791	31	78	few	few	ADJ
taxlaw-2791	31	79	and	and	CCONJ
taxlaw-2791	31	80	far	far	ADV
taxlaw-2791	31	81	between	between	ADP
taxlaw-2791	31	82	.	.	PUNCT
taxlaw-2791	31	83	”	"	PUNCT
taxlaw-2791	31	84	)	)	PUNCT
taxlaw-2791	31	85	;	;	PUNCT
taxlaw-2791	32	1	howard	howard	PROPN
taxlaw-2791	32	2	e.	e.	PROPN
taxlaw-2791	32	3	abrams	abrams	PROPN
taxlaw-2791	32	4	,	,	PUNCT
taxlaw-2791	32	5	taxation	taxation	NOUN
taxlaw-2791	32	6	of	of	ADP
taxlaw-2791	32	7	carried	carry	VERB
taxlaw-2791	32	8	interests	interest	NOUN
taxlaw-2791	32	9	:	:	PUNCT
taxlaw-2791	32	10	the	the	DET
taxlaw-2791	32	11	reform	reform	NOUN
taxlaw-2791	32	12	that	that	PRON
taxlaw-2791	32	13	did	do	VERB
taxlaw-2791	32	14	�	�	NOUN
taxlaw-2791	32	15	ot	ot	NOUN
taxlaw-2791	32	16	happen	happen	VERB
taxlaw-2791	32	17	,	,	PUNCT
taxlaw-2791	32	18	40	40	NUM
taxlaw-2791	32	19	loy	loy	PROPN
taxlaw-2791	32	20	.	.	PUNCT
taxlaw-2791	33	1	u.	u.	PROPN
taxlaw-2791	33	2	chi	chi	PROPN
taxlaw-2791	33	3	.	.	PUNCT
taxlaw-2791	34	1	l.j	l.j	AUX
taxlaw-2791	34	2	.	.	PROPN
taxlaw-2791	34	3	197	197	NUM
taxlaw-2791	34	4	,	,	PUNCT
taxlaw-2791	34	5	227	227	NUM
taxlaw-2791	34	6	(	(	PUNCT
taxlaw-2791	34	7	2009	2009	NUM
taxlaw-2791	34	8	)	)	PUNCT
taxlaw-2791	34	9	(	(	PUNCT
taxlaw-2791	34	10	“	"	PUNCT
taxlaw-2791	34	11	professor	professor	NOUN
taxlaw-2791	34	12	fleischer	fleischer	NOUN
taxlaw-2791	34	13	framed	frame	VERB
taxlaw-2791	34	14	the	the	DET
taxlaw-2791	34	15	carried	carry	VERB
taxlaw-2791	34	16	interest	interest	NOUN
taxlaw-2791	34	17	issue	issue	NOUN
taxlaw-2791	34	18	largely	largely	ADV
taxlaw-2791	34	19	in	in	ADP
taxlaw-2791	34	20	class	class	NOUN
taxlaw-2791	34	21	-	-	PUNCT
taxlaw-2791	34	22	warfare	warfare	NOUN
taxlaw-2791	34	23	terms	term	NOUN
taxlaw-2791	34	24	,	,	PUNCT
taxlaw-2791	34	25	with	with	ADP
taxlaw-2791	34	26	private	private	ADJ
taxlaw-2791	34	27	equity	equity	NOUN
taxlaw-2791	34	28	and	and	CCONJ
taxlaw-2791	34	29	hedge	hedge	NOUN
taxlaw-2791	34	30	managers	manager	NOUN
taxlaw-2791	34	31	as	as	ADP
taxlaw-2791	34	32	the	the	DET
taxlaw-2791	34	33	bad	bad	ADJ
taxlaw-2791	34	34	guys	guy	NOUN
taxlaw-2791	34	35	.	.	PUNCT
taxlaw-2791	34	36	”	"	PUNCT
taxlaw-2791	34	37	)	)	PUNCT
taxlaw-2791	34	38	.	.	PUNCT
taxlaw-2791	35	1	3	3	X
taxlaw-2791	35	2	.	.	X
taxlaw-2791	35	3	the	the	DET
taxlaw-2791	35	4	proposed	propose	VERB
taxlaw-2791	35	5	reform	reform	NOUN
taxlaw-2791	35	6	bears	bear	VERB
taxlaw-2791	35	7	a	a	DET
taxlaw-2791	35	8	superficial	superficial	ADJ
taxlaw-2791	35	9	resemblance	resemblance	NOUN
taxlaw-2791	35	10	to	to	ADP
taxlaw-2791	35	11	proposals	proposal	NOUN
taxlaw-2791	35	12	set	set	VERB
taxlaw-2791	35	13	forth	forth	ADP
taxlaw-2791	35	14	by	by	ADP
taxlaw-2791	35	15	mark	mark	PROPN
taxlaw-2791	35	16	gergen	gergen	PROPN
taxlaw-2791	35	17	nearly	nearly	ADV
taxlaw-2791	35	18	two	two	NUM
taxlaw-2791	35	19	decades	decade	NOUN
taxlaw-2791	35	20	ago	ago	ADV
taxlaw-2791	35	21	that	that	PRON
taxlaw-2791	35	22	would	would	AUX
taxlaw-2791	35	23	tax	tax	VERB
taxlaw-2791	35	24	service	service	NOUN
taxlaw-2791	35	25	partners	partner	NOUN
taxlaw-2791	35	26	on	on	ADP
taxlaw-2791	35	27	compensation	compensation	NOUN
taxlaw-2791	35	28	when	when	SCONJ
taxlaw-2791	35	29	they	they	PRON
taxlaw-2791	35	30	receive	receive	VERB
taxlaw-2791	35	31	disproportionate	disproportionate	ADJ
taxlaw-2791	35	32	allocations	allocation	NOUN
taxlaw-2791	35	33	relative	relative	ADJ
taxlaw-2791	35	34	to	to	ADP
taxlaw-2791	35	35	their	their	PRON
taxlaw-2791	35	36	capital	capital	NOUN
taxlaw-2791	35	37	account	account	NOUN
taxlaw-2791	35	38	balances	balance	NOUN
taxlaw-2791	35	39	.	.	PUNCT
taxlaw-2791	36	1	see	see	VERB
taxlaw-2791	36	2	mark	mark	PROPN
taxlaw-2791	36	3	p.	p.	PROPN
taxlaw-2791	36	4	gergen	gergen	PROPN
taxlaw-2791	36	5	,	,	PUNCT
taxlaw-2791	36	6	reforming	reform	VERB
taxlaw-2791	36	7	subchapter	subchapter	NOUN
taxlaw-2791	36	8	k	k	NOUN
taxlaw-2791	36	9	:	:	PUNCT
taxlaw-2791	36	10	compensating	compensate	VERB
taxlaw-2791	36	11	service	service	NOUN
taxlaw-2791	36	12	partners	partner	NOUN
taxlaw-2791	36	13	,	,	PUNCT
taxlaw-2791	36	14	48	48	NUM
taxlaw-2791	36	15	tax	tax	NOUN
taxlaw-2791	36	16	l.	l.	PROPN
taxlaw-2791	36	17	rev	rev	PROPN
taxlaw-2791	36	18	.	.	PROPN
taxlaw-2791	36	19	69	69	NUM
taxlaw-2791	36	20	,	,	PUNCT
taxlaw-2791	36	21	105	105	NUM
taxlaw-2791	36	22	(	(	PUNCT
taxlaw-2791	36	23	1992	1992	NUM
taxlaw-2791	36	24	)	)	PUNCT
taxlaw-2791	36	25	(	(	PUNCT
taxlaw-2791	36	26	claiming	claim	VERB
taxlaw-2791	36	27	that	that	SCONJ
taxlaw-2791	36	28	the	the	DET
taxlaw-2791	36	29	proposed	propose	VERB
taxlaw-2791	36	30	system	system	NOUN
taxlaw-2791	36	31	would	would	AUX
taxlaw-2791	36	32	be	be	AUX
taxlaw-2791	36	33	“	"	PUNCT
taxlaw-2791	36	34	very	very	ADV
taxlaw-2791	36	35	much	much	ADV
taxlaw-2791	36	36	like	like	ADP
taxlaw-2791	36	37	subchapter	subchapter	NOUN
taxlaw-2791	36	38	s	s	PART
taxlaw-2791	36	39	”	"	PUNCT
taxlaw-2791	36	40	)	)	PUNCT
taxlaw-2791	36	41	.	.	PUNCT
taxlaw-2791	37	1	4	4	X
taxlaw-2791	37	2	.	.	X
taxlaw-2791	37	3	see	see	VERB
taxlaw-2791	37	4	fleischer	fleischer	PROPN
taxlaw-2791	37	5	,	,	PUNCT
taxlaw-2791	37	6	supra	supra	PROPN
taxlaw-2791	37	7	note	note	NOUN
taxlaw-2791	37	8	2	2	NUM
taxlaw-2791	37	9	,	,	PUNCT
taxlaw-2791	37	10	at	at	ADP
taxlaw-2791	37	11	59	59	NUM
taxlaw-2791	37	12	(	(	PUNCT
taxlaw-2791	37	13	describing	describe	VERB
taxlaw-2791	37	14	the	the	DET
taxlaw-2791	37	15	legislative	legislative	ADJ
taxlaw-2791	37	16	proposal	proposal	NOUN
taxlaw-2791	37	17	as	as	ADP
taxlaw-2791	37	18	“	"	PUNCT
taxlaw-2791	37	19	treat[ing	treat[ing	NOUN
taxlaw-2791	37	20	]	]	PUNCT
taxlaw-2791	37	21	carried	carry	VERB
taxlaw-2791	37	22	interest	interest	NOUN
taxlaw-2791	37	23	distributions	distribution	NOUN
taxlaw-2791	37	24	as	as	ADP
taxlaw-2791	37	25	ordinary	ordinary	ADJ
taxlaw-2791	37	26	income	income	NOUN
taxlaw-2791	37	27	”	"	PUNCT
taxlaw-2791	37	28	)	)	PUNCT
taxlaw-2791	37	29	.	.	PUNCT
taxlaw-2791	38	1	a	a	DET
taxlaw-2791	38	2	partner	partner	NOUN
taxlaw-2791	38	3	is	be	AUX
taxlaw-2791	38	4	taxed	tax	VERB
taxlaw-2791	38	5	on	on	ADP
taxlaw-2791	38	6	his	his	PRON
taxlaw-2791	38	7	distributive	distributive	ADJ
taxlaw-2791	38	8	share	share	NOUN
taxlaw-2791	38	9	of	of	ADP
taxlaw-2791	38	10	partnership	partnership	NOUN
taxlaw-2791	38	11	income	income	NOUN
taxlaw-2791	38	12	when	when	SCONJ
taxlaw-2791	38	13	realized	realize	VERB
taxlaw-2791	38	14	at	at	ADP
taxlaw-2791	38	15	the	the	DET
taxlaw-2791	38	16	partnership	partnership	NOUN
taxlaw-2791	38	17	level	level	NOUN
taxlaw-2791	38	18	,	,	PUNCT
taxlaw-2791	38	19	whether	whether	SCONJ
taxlaw-2791	38	20	or	or	CCONJ
taxlaw-2791	38	21	not	not	PART
taxlaw-2791	38	22	distributed	distribute	VERB
taxlaw-2791	38	23	.	.	PUNCT
taxlaw-2791	39	1	see	see	VERB
taxlaw-2791	39	2	i.r.c	i.r.c	NOUN
taxlaw-2791	39	3	.	.	PUNCT
taxlaw-2791	40	1	§	§	PROPN
taxlaw-2791	40	2	702(a	702(a	PROPN
taxlaw-2791	40	3	)	)	PUNCT
taxlaw-2791	40	4	(	(	PUNCT
taxlaw-2791	40	5	2009	2009	NUM
taxlaw-2791	40	6	)	)	PUNCT
taxlaw-2791	40	7	(	(	PUNCT
taxlaw-2791	40	8	inclusion	inclusion	NOUN
taxlaw-2791	40	9	of	of	ADP
taxlaw-2791	40	10	distributive	distributive	ADJ
taxlaw-2791	40	11	share	share	NOUN
taxlaw-2791	40	12	)	)	PUNCT
taxlaw-2791	40	13	;	;	PUNCT
taxlaw-2791	40	14	cf	cf	X
taxlaw-2791	40	15	.	.	PUNCT
taxlaw-2791	40	16	i.r.c	i.r.c	NOUN
taxlaw-2791	40	17	.	.	PUNCT
taxlaw-2791	41	1	§	§	PROPN
taxlaw-2791	41	2	731	731	NUM
taxlaw-2791	41	3	(	(	PUNCT
taxlaw-2791	41	4	2009	2009	NUM
taxlaw-2791	41	5	)	)	PUNCT
taxlaw-2791	41	6	(	(	PUNCT
taxlaw-2791	41	7	taxing	tax	VERB
taxlaw-2791	41	8	distributions	distribution	NOUN
taxlaw-2791	41	9	)	)	PUNCT
taxlaw-2791	41	10	.	.	PUNCT
taxlaw-2791	42	1	to	to	ADP
taxlaw-2791	42	2	the	the	DET
taxlaw-2791	42	3	extent	extent	NOUN
taxlaw-2791	42	4	that	that	SCONJ
taxlaw-2791	42	5	earnings	earning	NOUN
taxlaw-2791	42	6	are	be	AUX
taxlaw-2791	42	7	not	not	PART
taxlaw-2791	42	8	currently	currently	ADV
taxlaw-2791	42	9	distributed	distribute	VERB
taxlaw-2791	42	10	,	,	PUNCT
taxlaw-2791	42	11	accounting	account	VERB
taxlaw-2791	42	12	for	for	ADP
taxlaw-2791	42	13	“	"	PUNCT
taxlaw-2791	42	14	reinvested	reinveste	VERB
taxlaw-2791	42	15	”	"	PUNCT
taxlaw-2791	42	16	implicit	implicit	ADJ
taxlaw-2791	42	17	salary	salary	NOUN
taxlaw-2791	42	18	greatly	greatly	ADV
taxlaw-2791	42	19	complicates	complicate	VERB
taxlaw-2791	42	20	the	the	DET
taxlaw-2791	42	21	actual	actual	ADJ
taxlaw-2791	42	22	operation	operation	NOUN
taxlaw-2791	42	23	of	of	ADP
taxlaw-2791	42	24	the	the	DET
taxlaw-2791	42	25	proposed	propose	VERB
taxlaw-2791	42	26	legislation	legislation	NOUN
taxlaw-2791	42	27	.	.	PUNCT
taxlaw-2791	43	1	2010	2010	NUM
taxlaw-2791	43	2	]	]	PUNCT
taxlaw-2791	43	3	the	the	DET
taxlaw-2791	43	4	sou	sou	PROPN
taxlaw-2791	43	5	�	�	PROPN
taxlaw-2791	43	6	d	d	PROPN
taxlaw-2791	43	7	a	a	DET
taxlaw-2791	43	8	�	�	PROPN
taxlaw-2791	43	9	d	d	NOUN
taxlaw-2791	43	10	fury	fury	NOUN
taxlaw-2791	43	11	of	of	ADP
taxlaw-2791	43	12	carried	carry	VERB
taxlaw-2791	43	13	i	i	PRON
taxlaw-2791	43	14	�	�	VERB
taxlaw-2791	43	15	terest	ter	ADJ
taxlaw-2791	43	16	reform	reform	NOUN
taxlaw-2791	43	17	3	3	NUM
taxlaw-2791	43	18	on	on	ADP
taxlaw-2791	43	19	the	the	DET
taxlaw-2791	43	20	service	service	NOUN
taxlaw-2791	43	21	partner	partner	NOUN
taxlaw-2791	43	22	’s	’s	PART
taxlaw-2791	43	23	opportunity	opportunity	NOUN
taxlaw-2791	43	24	for	for	ADP
taxlaw-2791	43	25	deferral	deferral	ADJ
taxlaw-2791	43	26	and	and	CCONJ
taxlaw-2791	43	27	conversion.5	conversion.5	PROPN
taxlaw-2791	43	28	apart	apart	ADV
taxlaw-2791	43	29	from	from	ADP
taxlaw-2791	43	30	the	the	DET
taxlaw-2791	43	31	merits	merit	NOUN
taxlaw-2791	43	32	of	of	ADP
taxlaw-2791	43	33	carried	carry	VERB
taxlaw-2791	43	34	interest	interest	NOUN
taxlaw-2791	43	35	legislation	legislation	NOUN
taxlaw-2791	43	36	,	,	PUNCT
taxlaw-2791	43	37	there	there	PRON
taxlaw-2791	43	38	is	be	VERB
taxlaw-2791	43	39	also	also	ADV
taxlaw-2791	43	40	considerable	considerable	ADJ
taxlaw-2791	43	41	dispute	dispute	NOUN
taxlaw-2791	43	42	over	over	ADP
taxlaw-2791	43	43	whether	whether	SCONJ
taxlaw-2791	43	44	such	such	ADJ
taxlaw-2791	43	45	reform	reform	NOUN
taxlaw-2791	43	46	is	be	AUX
taxlaw-2791	43	47	likely	likely	ADJ
taxlaw-2791	43	48	to	to	PART
taxlaw-2791	43	49	raise	raise	VERB
taxlaw-2791	43	50	significant	significant	ADJ
taxlaw-2791	43	51	amounts	amount	NOUN
taxlaw-2791	43	52	of	of	ADP
taxlaw-2791	43	53	revenue.6	revenue.6	PROPN
taxlaw-2791	43	54	the	the	DET
taxlaw-2791	43	55	administration	administration	NOUN
taxlaw-2791	43	56	’s	’s	PART
taxlaw-2791	43	57	budget	budget	NOUN
taxlaw-2791	43	58	proposals	proposal	NOUN
taxlaw-2791	43	59	for	for	ADP
taxlaw-2791	43	60	fiscal	fiscal	ADJ
taxlaw-2791	43	61	year	year	NOUN
taxlaw-2791	43	62	2010	2010	NUM
taxlaw-2791	43	63	contain	contain	VERB
taxlaw-2791	43	64	a	a	DET
taxlaw-2791	43	65	carried	carry	VERB
taxlaw-2791	43	66	interest	interest	NOUN
taxlaw-2791	43	67	provision	provision	NOUN
taxlaw-2791	43	68	that	that	PRON
taxlaw-2791	43	69	appears	appear	VERB
taxlaw-2791	43	70	to	to	PART
taxlaw-2791	43	71	adopt	adopt	VERB
taxlaw-2791	43	72	the	the	DET
taxlaw-2791	43	73	general	general	ADJ
taxlaw-2791	43	74	framework	framework	NOUN
taxlaw-2791	43	75	of	of	ADP
taxlaw-2791	43	76	h.r	h.r	PROPN
taxlaw-2791	43	77	.	.	PROPN
taxlaw-2791	43	78	1935	1935	NUM
taxlaw-2791	43	79	(	(	PUNCT
taxlaw-2791	43	80	the	the	DET
taxlaw-2791	43	81	levin	levin	PROPN
taxlaw-2791	43	82	bill	bill	PROPN
taxlaw-2791	43	83	)	)	PUNCT
taxlaw-2791	43	84	introduced	introduce	VERB
taxlaw-2791	43	85	in	in	ADP
taxlaw-2791	43	86	2009.7	2009.7	NUM
taxlaw-2791	43	87	under	under	ADP
taxlaw-2791	43	88	this	this	DET
taxlaw-2791	43	89	approach	approach	NOUN
taxlaw-2791	43	90	,	,	PUNCT
taxlaw-2791	43	91	a	a	DET
taxlaw-2791	43	92	service	service	NOUN
taxlaw-2791	43	93	partner	partner	NOUN
taxlaw-2791	43	94	’s	’s	PART
taxlaw-2791	43	95	distributive	distributive	ADJ
taxlaw-2791	43	96	share	share	NOUN
taxlaw-2791	43	97	of	of	ADP
taxlaw-2791	43	98	income	income	NOUN
taxlaw-2791	43	99	would	would	AUX
taxlaw-2791	43	100	be	be	AUX
taxlaw-2791	43	101	recharacterized	recharacterize	VERB
taxlaw-2791	43	102	as	as	ADP
taxlaw-2791	43	103	ordinary	ordinary	ADJ
taxlaw-2791	43	104	income	income	NOUN
taxlaw-2791	43	105	,	,	PUNCT
taxlaw-2791	43	106	regardless	regardless	ADV
taxlaw-2791	43	107	of	of	ADP
taxlaw-2791	43	108	whether	whether	SCONJ
taxlaw-2791	43	109	such	such	ADJ
taxlaw-2791	43	110	income	income	NOUN
taxlaw-2791	43	111	would	would	AUX
taxlaw-2791	43	112	otherwise	otherwise	ADV
taxlaw-2791	43	113	be	be	AUX
taxlaw-2791	43	114	treated	treat	VERB
taxlaw-2791	43	115	as	as	ADP
taxlaw-2791	43	116	lower	lower	ADV
taxlaw-2791	43	117	-	-	PUNCT
taxlaw-2791	43	118	taxed	tax	VERB
taxlaw-2791	43	119	capital	capital	NOUN
taxlaw-2791	43	120	gain	gain	NOUN
taxlaw-2791	43	121	or	or	CCONJ
taxlaw-2791	43	122	dividend	dividend	NOUN
taxlaw-2791	43	123	income	income	NOUN
taxlaw-2791	43	124	at	at	ADP
taxlaw-2791	43	125	the	the	DET
taxlaw-2791	43	126	partnership	partnership	NOUN
taxlaw-2791	43	127	level.8	level.8	PROPN
taxlaw-2791	43	128	the	the	DET
taxlaw-2791	43	129	proposal	proposal	NOUN
taxlaw-2791	43	130	would	would	AUX
taxlaw-2791	43	131	also	also	ADV
taxlaw-2791	43	132	treat	treat	VERB
taxlaw-2791	43	133	gain	gain	NOUN
taxlaw-2791	43	134	on	on	ADP
taxlaw-2791	43	135	sale	sale	NOUN
taxlaw-2791	43	136	of	of	ADP
taxlaw-2791	43	137	a	a	DET
taxlaw-2791	43	138	service	service	NOUN
taxlaw-2791	43	139	partner	partner	NOUN
taxlaw-2791	43	140	’s	’s	PART
taxlaw-2791	43	141	interest	interest	NOUN
taxlaw-2791	43	142	as	as	ADP
taxlaw-2791	43	143	ordinary	ordinary	ADJ
taxlaw-2791	43	144	income	income	NOUN
taxlaw-2791	43	145	,	,	PUNCT
taxlaw-2791	43	146	subject	subject	ADJ
taxlaw-2791	43	147	to	to	ADP
taxlaw-2791	43	148	certain	certain	ADJ
taxlaw-2791	43	149	exceptions.9	exceptions.9	NOUN
taxlaw-2791	43	150	as	as	ADP
taxlaw-2791	43	151	the	the	DET
taxlaw-2791	43	152	reason	reason	NOUN
taxlaw-2791	43	153	for	for	ADP
taxlaw-2791	43	154	the	the	DET
taxlaw-2791	43	155	change	change	NOUN
taxlaw-2791	43	156	,	,	PUNCT
taxlaw-2791	43	157	the	the	DET
taxlaw-2791	43	158	budget	budget	NOUN
taxlaw-2791	43	159	proposal	proposal	NOUN
taxlaw-2791	43	160	refers	refer	VERB
taxlaw-2791	43	161	to	to	ADP
taxlaw-2791	43	162	the	the	DET
taxlaw-2791	43	163	“	"	PUNCT
taxlaw-2791	43	164	unfair	unfair	ADJ
taxlaw-2791	43	165	and	and	CCONJ
taxlaw-2791	43	166	inefficient	inefficient	ADJ
taxlaw-2791	43	167	tax	tax	NOUN
taxlaw-2791	43	168	preference	preference	NOUN
taxlaw-2791	43	169	”	"	PUNCT
taxlaw-2791	43	170	resulting	result	VERB
taxlaw-2791	43	171	from	from	ADP
taxlaw-2791	43	172	allowing	allow	VERB
taxlaw-2791	43	173	service	service	NOUN
taxlaw-2791	43	174	partners	partner	NOUN
taxlaw-2791	43	175	to	to	PART
taxlaw-2791	43	176	“	"	PUNCT
taxlaw-2791	43	177	receive	receive	VERB
taxlaw-2791	43	178	capital	capital	NOUN
taxlaw-2791	43	179	gains	gain	NOUN
taxlaw-2791	43	180	treatment	treatment	NOUN
taxlaw-2791	43	181	on	on	ADP
taxlaw-2791	43	182	labor	labor	NOUN
taxlaw-2791	43	183	income	income	NOUN
taxlaw-2791	43	184	,	,	PUNCT
taxlaw-2791	43	185	”	"	PUNCT
taxlaw-2791	43	186	particularly	particularly	ADV
taxlaw-2791	43	187	in	in	ADP
taxlaw-2791	43	188	view	view	NOUN
taxlaw-2791	43	189	of	of	ADP
taxlaw-2791	43	190	the	the	DET
taxlaw-2791	43	191	“	"	PUNCT
taxlaw-2791	43	192	recent	recent	ADJ
taxlaw-2791	43	193	explosion	explosion	NOUN
taxlaw-2791	43	194	of	of	ADP
taxlaw-2791	43	195	activity	activity	NOUN
taxlaw-2791	43	196	among	among	ADP
taxlaw-2791	43	197	large	large	ADJ
taxlaw-2791	43	198	private	private	ADJ
taxlaw-2791	43	199	equity	equity	NOUN
taxlaw-2791	43	200	firms	firm	NOUN
taxlaw-2791	43	201	.	.	PUNCT
taxlaw-2791	44	1	”10	”10	NOUN
taxlaw-2791	44	2	in	in	ADP
taxlaw-2791	44	3	its	its	PRON
taxlaw-2791	44	4	present	present	ADJ
taxlaw-2791	44	5	form	form	NOUN
taxlaw-2791	44	6	,	,	PUNCT
taxlaw-2791	44	7	the	the	DET
taxlaw-2791	44	8	levin	levin	PROPN
taxlaw-2791	44	9	bill	bill	PROPN
taxlaw-2791	44	10	reflects	reflect	VERB
taxlaw-2791	44	11	key	key	ADJ
taxlaw-2791	44	12	recommendations	recommendation	NOUN
taxlaw-2791	44	13	of	of	ADP
taxlaw-2791	44	14	the	the	DET
taxlaw-2791	44	15	partnership	partnership	NOUN
taxlaw-2791	44	16	tax	tax	NOUN
taxlaw-2791	44	17	bar	bar	NOUN
taxlaw-2791	44	18	which	which	PRON
taxlaw-2791	44	19	has	have	AUX
taxlaw-2791	44	20	intensely	intensely	ADV
taxlaw-2791	44	21	scrutinized	scrutinize	VERB
taxlaw-2791	44	22	the	the	DET
taxlaw-2791	44	23	technical	technical	ADJ
taxlaw-2791	44	24	operation	operation	NOUN
taxlaw-2791	44	25	of	of	ADP
taxlaw-2791	44	26	the	the	DET
taxlaw-2791	44	27	carried	carried	ADJ
taxlaw-2791	44	28	5	5	NUM
taxlaw-2791	44	29	.	.	PUNCT
taxlaw-2791	45	1	the	the	DET
taxlaw-2791	45	2	leading	lead	VERB
taxlaw-2791	45	3	article	article	NOUN
taxlaw-2791	45	4	applying	apply	VERB
taxlaw-2791	45	5	a	a	DET
taxlaw-2791	45	6	joint	joint	ADJ
taxlaw-2791	45	7	-	-	PUNCT
taxlaw-2791	45	8	tax	tax	NOUN
taxlaw-2791	45	9	perspective	perspective	NOUN
taxlaw-2791	45	10	in	in	ADP
taxlaw-2791	45	11	the	the	DET
taxlaw-2791	45	12	context	context	NOUN
taxlaw-2791	45	13	of	of	ADP
taxlaw-2791	45	14	partnership	partnership	NOUN
taxlaw-2791	45	15	profits	profit	NOUN
taxlaw-2791	45	16	interests	interest	NOUN
taxlaw-2791	45	17	is	be	AUX
taxlaw-2791	45	18	chris	chris	PROPN
taxlaw-2791	45	19	william	william	PROPN
taxlaw-2791	45	20	sanchirico	sanchirico	PROPN
taxlaw-2791	45	21	,	,	PUNCT
taxlaw-2791	45	22	the	the	DET
taxlaw-2791	45	23	tax	tax	NOUN
taxlaw-2791	45	24	advantage	advantage	NOUN
taxlaw-2791	45	25	of	of	ADP
taxlaw-2791	45	26	paying	pay	VERB
taxlaw-2791	45	27	private	private	ADJ
taxlaw-2791	45	28	equity	equity	NOUN
taxlaw-2791	45	29	fund	fund	NOUN
taxlaw-2791	45	30	managers	manager	NOUN
taxlaw-2791	45	31	with	with	ADP
taxlaw-2791	45	32	profit	profit	NOUN
taxlaw-2791	45	33	shares	share	NOUN
taxlaw-2791	45	34	:	:	PUNCT
taxlaw-2791	45	35	what	what	PRON
taxlaw-2791	45	36	is	be	AUX
taxlaw-2791	45	37	it	it	PRON
taxlaw-2791	45	38	?	?	PUNCT
taxlaw-2791	46	1	why	why	SCONJ
taxlaw-2791	46	2	is	be	AUX
taxlaw-2791	46	3	it	it	PRON
taxlaw-2791	46	4	bad	bad	ADJ
taxlaw-2791	46	5	?	?	PUNCT
taxlaw-2791	46	6	,	,	PUNCT
taxlaw-2791	46	7	75	75	NUM
taxlaw-2791	46	8	u.	u.	NOUN
taxlaw-2791	46	9	chi	chi	PROPN
taxlaw-2791	46	10	.	.	PUNCT
taxlaw-2791	47	1	l.	l.	PROPN
taxlaw-2791	47	2	rev	rev	PROPN
taxlaw-2791	47	3	.	.	PROPN
taxlaw-2791	47	4	1071	1071	NUM
taxlaw-2791	47	5	(	(	PUNCT
taxlaw-2791	47	6	2008	2008	NUM
taxlaw-2791	47	7	)	)	PUNCT
taxlaw-2791	47	8	.	.	PUNCT
taxlaw-2791	48	1	other	other	ADJ
taxlaw-2791	48	2	commentators	commentator	NOUN
taxlaw-2791	48	3	have	have	AUX
taxlaw-2791	48	4	employed	employ	VERB
taxlaw-2791	48	5	a	a	DET
taxlaw-2791	48	6	similar	similar	ADJ
taxlaw-2791	48	7	joint	joint	ADJ
taxlaw-2791	48	8	-	-	PUNCT
taxlaw-2791	48	9	tax	tax	NOUN
taxlaw-2791	48	10	perspective	perspective	NOUN
taxlaw-2791	48	11	in	in	ADP
taxlaw-2791	48	12	the	the	DET
taxlaw-2791	48	13	corporate	corporate	ADJ
taxlaw-2791	48	14	area	area	NOUN
taxlaw-2791	48	15	.	.	PUNCT
taxlaw-2791	49	1	see	see	VERB
taxlaw-2791	49	2	generally	generally	ADV
taxlaw-2791	49	3	michael	michael	PROPN
taxlaw-2791	49	4	s.	s.	PROPN
taxlaw-2791	49	5	knoll	knoll	PROPN
taxlaw-2791	49	6	,	,	PUNCT
taxlaw-2791	49	7	the	the	DET
taxlaw-2791	49	8	section	section	NOUN
taxlaw-2791	49	9	83(b	83(b	NUM
taxlaw-2791	49	10	)	)	PUNCT
taxlaw-2791	49	11	election	election	NOUN
taxlaw-2791	49	12	for	for	ADP
taxlaw-2791	49	13	restricted	restricted	ADJ
taxlaw-2791	49	14	stock	stock	NOUN
taxlaw-2791	49	15	:	:	PUNCT
taxlaw-2791	49	16	a	a	DET
taxlaw-2791	49	17	joint	joint	ADJ
taxlaw-2791	49	18	tax	tax	NOUN
taxlaw-2791	49	19	perspective	perspective	NOUN
taxlaw-2791	49	20	,	,	PUNCT
taxlaw-2791	49	21	59	59	NUM
taxlaw-2791	49	22	smu	smu	PROPN
taxlaw-2791	49	23	l.	l.	PROPN
taxlaw-2791	49	24	rev	rev	PROPN
taxlaw-2791	49	25	.	.	PROPN
taxlaw-2791	49	26	721	721	NUM
taxlaw-2791	49	27	(	(	PUNCT
taxlaw-2791	49	28	2006	2006	NUM
taxlaw-2791	49	29	)	)	PUNCT
taxlaw-2791	49	30	;	;	PUNCT
taxlaw-2791	49	31	david	david	PROPN
taxlaw-2791	49	32	i.	i.	PROPN
taxlaw-2791	49	33	walker	walker	PROPN
taxlaw-2791	49	34	,	,	PUNCT
taxlaw-2791	49	35	is	be	AUX
taxlaw-2791	49	36	equity	equity	NOUN
taxlaw-2791	49	37	compensation	compensation	NOUN
taxlaw-2791	49	38	tax	tax	NOUN
taxlaw-2791	49	39	advantaged	advantage	VERB
taxlaw-2791	49	40	?	?	PUNCT
taxlaw-2791	49	41	,	,	PUNCT
taxlaw-2791	49	42	84	84	NUM
taxlaw-2791	49	43	b.u	b.u	PROPN
taxlaw-2791	49	44	.	.	PROPN
taxlaw-2791	49	45	l.	l.	PROPN
taxlaw-2791	49	46	rev	rev	PROPN
taxlaw-2791	49	47	.	.	PROPN
taxlaw-2791	49	48	695	695	NUM
taxlaw-2791	49	49	(	(	PUNCT
taxlaw-2791	49	50	2004	2004	NUM
taxlaw-2791	49	51	)	)	PUNCT
taxlaw-2791	49	52	.	.	PUNCT
taxlaw-2791	50	1	6	6	X
taxlaw-2791	50	2	.	.	X
taxlaw-2791	50	3	see	see	VERB
taxlaw-2791	50	4	,	,	PUNCT
taxlaw-2791	50	5	e.g.	e.g.	ADV
taxlaw-2791	50	6	,	,	PUNCT
taxlaw-2791	50	7	michael	michael	PROPN
taxlaw-2791	50	8	s.	s.	PROPN
taxlaw-2791	50	9	knoll	knoll	PROPN
taxlaw-2791	50	10	,	,	PUNCT
taxlaw-2791	50	11	the	the	DET
taxlaw-2791	50	12	taxation	taxation	NOUN
taxlaw-2791	50	13	of	of	ADP
taxlaw-2791	50	14	private	private	ADJ
taxlaw-2791	50	15	equity	equity	NOUN
taxlaw-2791	50	16	carried	carry	VERB
taxlaw-2791	50	17	interests	interest	NOUN
taxlaw-2791	50	18	:	:	PUNCT
taxlaw-2791	50	19	estimating	estimate	VERB
taxlaw-2791	50	20	the	the	DET
taxlaw-2791	50	21	revenue	revenue	NOUN
taxlaw-2791	50	22	effects	effect	NOUN
taxlaw-2791	50	23	of	of	ADP
taxlaw-2791	50	24	taxing	tax	VERB
taxlaw-2791	50	25	profit	profit	NOUN
taxlaw-2791	50	26	interests	interest	NOUN
taxlaw-2791	50	27	as	as	ADP
taxlaw-2791	50	28	ordinary	ordinary	ADJ
taxlaw-2791	50	29	income	income	NOUN
taxlaw-2791	50	30	,	,	PUNCT
taxlaw-2791	50	31	50	50	NUM
taxlaw-2791	50	32	wm	wm	NOUN
taxlaw-2791	50	33	.	.	PROPN
taxlaw-2791	50	34	&	&	CCONJ
taxlaw-2791	50	35	mary	mary	PROPN
taxlaw-2791	50	36	l.	l.	PROPN
taxlaw-2791	50	37	rev	rev	PROPN
taxlaw-2791	50	38	.	.	PROPN
taxlaw-2791	50	39	115	115	NUM
taxlaw-2791	50	40	,	,	PUNCT
taxlaw-2791	50	41	161	161	NUM
taxlaw-2791	50	42	(	(	PUNCT
taxlaw-2791	50	43	2008	2008	NUM
taxlaw-2791	50	44	)	)	PUNCT
taxlaw-2791	50	45	(	(	PUNCT
taxlaw-2791	50	46	concluding	conclude	VERB
taxlaw-2791	50	47	that	that	SCONJ
taxlaw-2791	50	48	,	,	PUNCT
taxlaw-2791	50	49	even	even	ADV
taxlaw-2791	50	50	in	in	ADP
taxlaw-2791	50	51	the	the	DET
taxlaw-2791	50	52	absence	absence	NOUN
taxlaw-2791	50	53	of	of	ADP
taxlaw-2791	50	54	“	"	PUNCT
taxlaw-2791	50	55	alternative	alternative	ADJ
taxlaw-2791	50	56	structures	structure	NOUN
taxlaw-2791	50	57	to	to	PART
taxlaw-2791	50	58	undo	undo	VERB
taxlaw-2791	50	59	the	the	DET
taxlaw-2791	50	60	effect	effect	NOUN
taxlaw-2791	50	61	of	of	ADP
taxlaw-2791	50	62	any	any	DET
taxlaw-2791	50	63	reform	reform	NOUN
taxlaw-2791	50	64	,	,	PUNCT
taxlaw-2791	50	65	”	"	PUNCT
taxlaw-2791	50	66	carried	carry	VERB
taxlaw-2791	50	67	interest	interest	NOUN
taxlaw-2791	50	68	legislation	legislation	NOUN
taxlaw-2791	50	69	is	be	AUX
taxlaw-2791	50	70	likely	likely	ADJ
taxlaw-2791	50	71	to	to	PART
taxlaw-2791	50	72	raise	raise	VERB
taxlaw-2791	50	73	“	"	PUNCT
taxlaw-2791	50	74	relatively	relatively	ADV
taxlaw-2791	50	75	little	little	ADJ
taxlaw-2791	50	76	revenue	revenue	NOUN
taxlaw-2791	50	77	”	"	PUNCT
taxlaw-2791	50	78	)	)	PUNCT
taxlaw-2791	50	79	.	.	PUNCT
taxlaw-2791	51	1	see	see	VERB
taxlaw-2791	51	2	also	also	ADV
taxlaw-2791	51	3	u.s	u.s	PROPN
taxlaw-2791	51	4	.	.	PROPN
taxlaw-2791	51	5	dep’t	dep’t	NOUN
taxlaw-2791	51	6	of	of	ADP
taxlaw-2791	51	7	the	the	DET
taxlaw-2791	51	8	treasury	treasury	NOUN
taxlaw-2791	51	9	,	,	PUNCT
taxlaw-2791	51	10	general	general	ADJ
taxlaw-2791	51	11	explanations	explanation	NOUN
taxlaw-2791	51	12	of	of	ADP
taxlaw-2791	51	13	the	the	DET
taxlaw-2791	51	14	administration	administration	NOUN
taxlaw-2791	51	15	’s	’s	PART
taxlaw-2791	51	16	fiscal	fiscal	ADJ
taxlaw-2791	51	17	year	year	NOUN
taxlaw-2791	51	18	2010	2010	NUM
taxlaw-2791	51	19	revenue	revenue	NOUN
taxlaw-2791	51	20	proposals	proposal	NOUN
taxlaw-2791	51	21	128	128	NUM
taxlaw-2791	51	22	(	(	PUNCT
taxlaw-2791	51	23	may	may	PROPN
taxlaw-2791	51	24	2009	2009	NUM
taxlaw-2791	51	25	)	)	PUNCT
taxlaw-2791	51	26	(	(	PUNCT
taxlaw-2791	51	27	table	table	NOUN
taxlaw-2791	51	28	1	1	NUM
taxlaw-2791	51	29	)	)	PUNCT
taxlaw-2791	52	1	[	[	X
taxlaw-2791	52	2	hereinafter	hereinafter	NOUN
taxlaw-2791	52	3	greenbook	greenbook	NOUN
taxlaw-2791	52	4	]	]	PUNCT
taxlaw-2791	52	5	.	.	PUNCT
taxlaw-2791	53	1	this	this	DET
taxlaw-2791	53	2	article	article	NOUN
taxlaw-2791	53	3	does	do	AUX
taxlaw-2791	53	4	not	not	PART
taxlaw-2791	53	5	discuss	discuss	VERB
taxlaw-2791	53	6	the	the	DET
taxlaw-2791	53	7	plethora	plethora	NOUN
taxlaw-2791	53	8	of	of	ADP
taxlaw-2791	53	9	anti	anti	ADJ
taxlaw-2791	53	10	-	-	ADJ
taxlaw-2791	53	11	abuse	abuse	ADJ
taxlaw-2791	53	12	rules	rule	NOUN
taxlaw-2791	53	13	intended	intend	VERB
taxlaw-2791	53	14	to	to	PART
taxlaw-2791	53	15	prevent	prevent	VERB
taxlaw-2791	53	16	circumvention	circumvention	NOUN
taxlaw-2791	53	17	of	of	ADP
taxlaw-2791	53	18	the	the	DET
taxlaw-2791	53	19	proposed	propose	VERB
taxlaw-2791	53	20	legislation	legislation	NOUN
taxlaw-2791	53	21	.	.	PUNCT
taxlaw-2791	54	1	7	7	X
taxlaw-2791	54	2	.	.	X
taxlaw-2791	54	3	see	see	NOUN
taxlaw-2791	54	4	greenbook	greenbook	NOUN
taxlaw-2791	54	5	,	,	PUNCT
taxlaw-2791	54	6	supra	supra	PROPN
taxlaw-2791	54	7	note	note	NOUN
taxlaw-2791	54	8	6	6	NUM
taxlaw-2791	54	9	,	,	PUNCT
taxlaw-2791	54	10	at	at	ADP
taxlaw-2791	54	11	23–24	23–24	NUM
taxlaw-2791	54	12	.	.	PUNCT
taxlaw-2791	55	1	unlike	unlike	ADP
taxlaw-2791	55	2	the	the	DET
taxlaw-2791	55	3	levin	levin	PROPN
taxlaw-2791	55	4	bill	bill	PROPN
taxlaw-2791	55	5	which	which	PRON
taxlaw-2791	55	6	specifically	specifically	ADV
taxlaw-2791	55	7	targets	target	VERB
taxlaw-2791	55	8	investment	investment	NOUN
taxlaw-2791	55	9	service	service	NOUN
taxlaw-2791	55	10	partnerships	partnership	NOUN
taxlaw-2791	55	11	,	,	PUNCT
taxlaw-2791	55	12	the	the	DET
taxlaw-2791	55	13	administration	administration	NOUN
taxlaw-2791	55	14	’s	’s	PART
taxlaw-2791	55	15	proposal	proposal	NOUN
taxlaw-2791	55	16	would	would	AUX
taxlaw-2791	55	17	apparently	apparently	ADV
taxlaw-2791	55	18	apply	apply	VERB
taxlaw-2791	55	19	broadly	broadly	ADV
taxlaw-2791	55	20	to	to	ADP
taxlaw-2791	55	21	all	all	DET
taxlaw-2791	55	22	service	service	NOUN
taxlaw-2791	55	23	partnerships	partnership	NOUN
taxlaw-2791	55	24	.	.	PUNCT
taxlaw-2791	56	1	see	see	VERB
taxlaw-2791	56	2	staff	staff	NOUN
taxlaw-2791	56	3	of	of	ADP
taxlaw-2791	56	4	joint	joint	ADJ
taxlaw-2791	56	5	comm	comm	NOUN
taxlaw-2791	56	6	.	.	PUNCT
taxlaw-2791	57	1	on	on	ADP
taxlaw-2791	57	2	tax’n	tax’n	NUM
taxlaw-2791	57	3	,	,	PUNCT
taxlaw-2791	57	4	description	description	NOUN
taxlaw-2791	57	5	of	of	ADP
taxlaw-2791	57	6	the	the	DET
taxlaw-2791	57	7	revenue	revenue	NOUN
taxlaw-2791	57	8	provisions	provision	NOUN
taxlaw-2791	57	9	contained	contain	VERB
taxlaw-2791	57	10	in	in	ADP
taxlaw-2791	57	11	the	the	DET
taxlaw-2791	57	12	president	president	NOUN
taxlaw-2791	57	13	’s	’s	PART
taxlaw-2791	57	14	fiscal	fiscal	ADJ
taxlaw-2791	57	15	year	year	NOUN
taxlaw-2791	57	16	2010	2010	NUM
taxlaw-2791	57	17	proposal	proposal	NOUN
taxlaw-2791	57	18	120–22	120–22	PROPN
taxlaw-2791	57	19	(	(	PUNCT
taxlaw-2791	57	20	sept	sept	PROPN
taxlaw-2791	57	21	.	.	PROPN
taxlaw-2791	57	22	2009	2009	NUM
taxlaw-2791	57	23	)	)	PUNCT
taxlaw-2791	57	24	(	(	PUNCT
taxlaw-2791	57	25	jcs-2	jcs-2	X
taxlaw-2791	57	26	-	-	SYM
taxlaw-2791	57	27	09	09	NUM
taxlaw-2791	57	28	)	)	PUNCT
taxlaw-2791	57	29	(	(	PUNCT
taxlaw-2791	57	30	noting	note	VERB
taxlaw-2791	57	31	issues	issue	NOUN
taxlaw-2791	57	32	related	relate	VERB
taxlaw-2791	57	33	to	to	ADP
taxlaw-2791	57	34	the	the	DET
taxlaw-2791	57	35	“	"	PUNCT
taxlaw-2791	57	36	complexity	complexity	NOUN
taxlaw-2791	57	37	,	,	PUNCT
taxlaw-2791	57	38	administrability	administrability	NOUN
taxlaw-2791	57	39	and	and	CCONJ
taxlaw-2791	57	40	scope	scope	NOUN
taxlaw-2791	57	41	”	"	PUNCT
taxlaw-2791	57	42	of	of	ADP
taxlaw-2791	57	43	the	the	DET
taxlaw-2791	57	44	administration	administration	NOUN
taxlaw-2791	57	45	’s	’s	PART
taxlaw-2791	57	46	broader	broad	ADJ
taxlaw-2791	57	47	proposal	proposal	NOUN
taxlaw-2791	57	48	)	)	PUNCT
taxlaw-2791	57	49	.	.	PUNCT
taxlaw-2791	58	1	8	8	X
taxlaw-2791	58	2	.	.	X
taxlaw-2791	58	3	see	see	NOUN
taxlaw-2791	58	4	greenbook	greenbook	NOUN
taxlaw-2791	58	5	,	,	PUNCT
taxlaw-2791	58	6	supra	supra	PROPN
taxlaw-2791	58	7	note	note	NOUN
taxlaw-2791	58	8	6	6	NUM
taxlaw-2791	58	9	,	,	PUNCT
taxlaw-2791	58	10	at	at	ADP
taxlaw-2791	58	11	23	23	NUM
taxlaw-2791	58	12	.	.	PUNCT
taxlaw-2791	59	1	a	a	DET
taxlaw-2791	59	2	profits	profit	NOUN
taxlaw-2791	59	3	share	share	NOUN
taxlaw-2791	59	4	taxed	tax	VERB
taxlaw-2791	59	5	as	as	ADP
taxlaw-2791	59	6	ordinary	ordinary	ADJ
taxlaw-2791	59	7	income	income	NOUN
taxlaw-2791	59	8	to	to	ADP
taxlaw-2791	59	9	the	the	DET
taxlaw-2791	59	10	service	service	NOUN
taxlaw-2791	59	11	partner	partner	NOUN
taxlaw-2791	59	12	would	would	AUX
taxlaw-2791	59	13	also	also	ADV
taxlaw-2791	59	14	be	be	AUX
taxlaw-2791	59	15	subject	subject	ADJ
taxlaw-2791	59	16	to	to	ADP
taxlaw-2791	59	17	self	self	NOUN
taxlaw-2791	59	18	-	-	PUNCT
taxlaw-2791	59	19	employment	employment	NOUN
taxlaw-2791	59	20	tax	tax	NOUN
taxlaw-2791	59	21	.	.	PUNCT
taxlaw-2791	60	1	see	see	VERB
taxlaw-2791	60	2	i	i	PROPN
taxlaw-2791	60	3	d.	d.	PROPN
taxlaw-2791	60	4	to	to	PART
taxlaw-2791	60	5	prevent	prevent	VERB
taxlaw-2791	60	6	circumvention	circumvention	NOUN
taxlaw-2791	60	7	of	of	ADP
taxlaw-2791	60	8	the	the	DET
taxlaw-2791	60	9	legislation	legislation	NOUN
taxlaw-2791	60	10	through	through	ADP
taxlaw-2791	60	11	use	use	NOUN
taxlaw-2791	60	12	of	of	ADP
taxlaw-2791	60	13	separate	separate	ADJ
taxlaw-2791	60	14	entities	entity	NOUN
taxlaw-2791	60	15	,	,	PUNCT
taxlaw-2791	60	16	the	the	DET
taxlaw-2791	60	17	budget	budget	NOUN
taxlaw-2791	60	18	proposal	proposal	NOUN
taxlaw-2791	60	19	would	would	AUX
taxlaw-2791	60	20	treat	treat	VERB
taxlaw-2791	60	21	income	income	NOUN
taxlaw-2791	60	22	or	or	CCONJ
taxlaw-2791	60	23	gain	gain	VERB
taxlaw-2791	60	24	from	from	ADP
taxlaw-2791	60	25	a	a	DET
taxlaw-2791	60	26	“	"	PUNCT
taxlaw-2791	60	27	disqualified	disqualify	VERB
taxlaw-2791	60	28	interest	interest	NOUN
taxlaw-2791	60	29	”	"	PUNCT
taxlaw-2791	60	30	as	as	ADP
taxlaw-2791	60	31	ordinary	ordinary	ADJ
taxlaw-2791	60	32	income	income	NOUN
taxlaw-2791	60	33	.	.	PUNCT
taxlaw-2791	61	1	see	see	VERB
taxlaw-2791	61	2	i	i	PRON
taxlaw-2791	61	3	d.	d.	PROPN
taxlaw-2791	61	4	at	at	ADP
taxlaw-2791	61	5	24	24	NUM
taxlaw-2791	61	6	.	.	PUNCT
taxlaw-2791	62	1	9	9	X
taxlaw-2791	62	2	.	.	X
taxlaw-2791	62	3	see	see	VERB
taxlaw-2791	62	4	i	i	PRON
taxlaw-2791	62	5	d.	d.	PROPN
taxlaw-2791	62	6	at	at	ADP
taxlaw-2791	62	7	23	23	NUM
taxlaw-2791	62	8	(	(	PUNCT
taxlaw-2791	62	9	treating	treat	VERB
taxlaw-2791	62	10	gain	gain	NOUN
taxlaw-2791	62	11	on	on	ADP
taxlaw-2791	62	12	sale	sale	NOUN
taxlaw-2791	62	13	as	as	ADP
taxlaw-2791	62	14	ordinary	ordinary	ADJ
taxlaw-2791	62	15	income	income	NOUN
taxlaw-2791	62	16	to	to	ADP
taxlaw-2791	62	17	the	the	DET
taxlaw-2791	62	18	extent	extent	NOUN
taxlaw-2791	62	19	that	that	SCONJ
taxlaw-2791	62	20	such	such	ADJ
taxlaw-2791	62	21	gain	gain	NOUN
taxlaw-2791	62	22	is	be	AUX
taxlaw-2791	62	23	not	not	PART
taxlaw-2791	62	24	attributable	attributable	ADJ
taxlaw-2791	62	25	to	to	ADP
taxlaw-2791	62	26	invested	invest	VERB
taxlaw-2791	62	27	capital	capital	NOUN
taxlaw-2791	62	28	)	)	PUNCT
taxlaw-2791	62	29	.	.	PUNCT
taxlaw-2791	63	1	10	10	NUM
taxlaw-2791	63	2	.	.	PUNCT
taxlaw-2791	64	1	i	i	PRON
taxlaw-2791	64	2	d.	d.	PROPN
taxlaw-2791	64	3	4	4	NUM
taxlaw-2791	64	4	columbia	columbia	PROPN
taxlaw-2791	64	5	jour	jour	PROPN
taxlaw-2791	64	6	�	�	PROPN
taxlaw-2791	64	7	al	al	PROPN
taxlaw-2791	64	8	of	of	ADP
taxlaw-2791	64	9	tax	tax	NOUN
taxlaw-2791	64	10	law	law	NOUN
taxlaw-2791	65	1	[	[	X
taxlaw-2791	65	2	vol	vol	NOUN
taxlaw-2791	65	3	.	.	PUNCT
taxlaw-2791	66	1	1:1	1:1	NUM
taxlaw-2791	66	2	interest	interest	NOUN
taxlaw-2791	66	3	proposals.11	proposals.11	ADJ
taxlaw-2791	66	4	by	by	ADP
taxlaw-2791	66	5	contrast	contrast	NOUN
taxlaw-2791	66	6	,	,	PUNCT
taxlaw-2791	66	7	academic	academic	ADJ
taxlaw-2791	66	8	proponents	proponent	NOUN
taxlaw-2791	66	9	of	of	ADP
taxlaw-2791	66	10	carried	carry	VERB
taxlaw-2791	66	11	interest	interest	NOUN
taxlaw-2791	66	12	legislation	legislation	NOUN
taxlaw-2791	66	13	have	have	AUX
taxlaw-2791	66	14	generally	generally	ADV
taxlaw-2791	66	15	suggested	suggest	VERB
taxlaw-2791	66	16	that	that	SCONJ
taxlaw-2791	66	17	the	the	DET
taxlaw-2791	66	18	technical	technical	ADJ
taxlaw-2791	66	19	problems	problem	NOUN
taxlaw-2791	66	20	are	be	AUX
taxlaw-2791	66	21	solvable	solvable	ADJ
taxlaw-2791	66	22	and	and	CCONJ
taxlaw-2791	66	23	need	need	VERB
taxlaw-2791	66	24	not	not	PART
taxlaw-2791	66	25	impede	impede	VERB
taxlaw-2791	66	26	reform.12	reform.12	VERB
taxlaw-2791	66	27	the	the	DET
taxlaw-2791	66	28	partnership	partnership	NOUN
taxlaw-2791	66	29	tax	tax	NOUN
taxlaw-2791	66	30	bar	bar	NOUN
taxlaw-2791	66	31	’s	’s	PART
taxlaw-2791	66	32	recommendations	recommendation	NOUN
taxlaw-2791	66	33	would	would	AUX
taxlaw-2791	66	34	add	add	VERB
taxlaw-2791	66	35	flexibility	flexibility	NOUN
taxlaw-2791	66	36	and	and	CCONJ
taxlaw-2791	66	37	electivity	electivity	NOUN
taxlaw-2791	66	38	while	while	SCONJ
taxlaw-2791	66	39	making	make	VERB
taxlaw-2791	66	40	the	the	DET
taxlaw-2791	66	41	proposed	propose	VERB
taxlaw-2791	66	42	legislation	legislation	NOUN
taxlaw-2791	66	43	considerably	considerably	ADV
taxlaw-2791	66	44	more	more	ADV
taxlaw-2791	66	45	complex	complex	ADJ
taxlaw-2791	66	46	.	.	PUNCT
taxlaw-2791	67	1	the	the	DET
taxlaw-2791	67	2	emerging	emerge	VERB
taxlaw-2791	67	3	consensus	consensus	NOUN
taxlaw-2791	67	4	seems	seem	VERB
taxlaw-2791	67	5	to	to	PART
taxlaw-2791	67	6	be	be	AUX
taxlaw-2791	67	7	that	that	SCONJ
taxlaw-2791	67	8	the	the	DET
taxlaw-2791	67	9	current	current	ADJ
taxlaw-2791	67	10	legislation	legislation	NOUN
taxlaw-2791	67	11	has	have	VERB
taxlaw-2791	67	12	“	"	PUNCT
taxlaw-2791	67	13	the	the	DET
taxlaw-2791	67	14	potential	potential	NOUN
taxlaw-2791	67	15	to	to	PART
taxlaw-2791	67	16	be	be	AUX
taxlaw-2791	67	17	workable	workable	ADJ
taxlaw-2791	67	18	”	"	PUNCT
taxlaw-2791	67	19	if	if	SCONJ
taxlaw-2791	67	20	only	only	ADV
taxlaw-2791	67	21	congress	congress	PROPN
taxlaw-2791	67	22	heeds	heed	VERB
taxlaw-2791	67	23	the	the	DET
taxlaw-2791	67	24	partnership	partnership	NOUN
taxlaw-2791	67	25	tax	tax	NOUN
taxlaw-2791	67	26	bar	bar	NOUN
taxlaw-2791	67	27	’s	’s	PART
taxlaw-2791	67	28	recommendations	recommendation	NOUN
taxlaw-2791	67	29	to	to	PART
taxlaw-2791	67	30	remedy	remedy	VERB
taxlaw-2791	67	31	existing	exist	VERB
taxlaw-2791	67	32	defects.13	defects.13	NOUN
taxlaw-2791	67	33	in	in	ADP
taxlaw-2791	67	34	view	view	NOUN
taxlaw-2791	67	35	of	of	ADP
taxlaw-2791	67	36	the	the	DET
taxlaw-2791	67	37	often	often	ADV
taxlaw-2791	67	38	highly	highly	ADV
taxlaw-2791	67	39	-	-	PUNCT
taxlaw-2791	67	40	charged	charge	VERB
taxlaw-2791	67	41	and	and	CCONJ
taxlaw-2791	67	42	polemical	polemical	ADJ
taxlaw-2791	67	43	nature	nature	NOUN
taxlaw-2791	67	44	of	of	ADP
taxlaw-2791	67	45	the	the	DET
taxlaw-2791	67	46	carried	carry	VERB
taxlaw-2791	67	47	interest	interest	NOUN
taxlaw-2791	67	48	debate	debate	NOUN
taxlaw-2791	67	49	,	,	PUNCT
taxlaw-2791	67	50	it	it	PRON
taxlaw-2791	67	51	is	be	AUX
taxlaw-2791	67	52	important	important	ADJ
taxlaw-2791	67	53	to	to	PART
taxlaw-2791	67	54	understand	understand	VERB
taxlaw-2791	67	55	the	the	DET
taxlaw-2791	67	56	most	most	ADV
taxlaw-2791	67	57	significant	significant	ADJ
taxlaw-2791	67	58	policy	policy	NOUN
taxlaw-2791	67	59	and	and	CCONJ
taxlaw-2791	67	60	technical	technical	ADJ
taxlaw-2791	67	61	choices	choice	NOUN
taxlaw-2791	67	62	underlying	underlie	VERB
taxlaw-2791	67	63	the	the	DET
taxlaw-2791	67	64	current	current	ADJ
taxlaw-2791	67	65	legislation	legislation	NOUN
taxlaw-2791	67	66	.	.	PUNCT
taxlaw-2791	68	1	despite	despite	SCONJ
taxlaw-2791	68	2	the	the	DET
taxlaw-2791	68	3	intuitive	intuitive	ADJ
taxlaw-2791	68	4	appeal	appeal	NOUN
taxlaw-2791	68	5	of	of	ADP
taxlaw-2791	68	6	taxing	tax	VERB
taxlaw-2791	68	7	service	service	NOUN
taxlaw-2791	68	8	partners	partner	NOUN
taxlaw-2791	68	9	at	at	ADP
taxlaw-2791	68	10	ordinary	ordinary	ADJ
taxlaw-2791	68	11	income	income	NOUN
taxlaw-2791	68	12	rates	rate	NOUN
taxlaw-2791	68	13	on	on	ADP
taxlaw-2791	68	14	labor	labor	NOUN
taxlaw-2791	68	15	income	income	NOUN
taxlaw-2791	68	16	,	,	PUNCT
taxlaw-2791	68	17	the	the	DET
taxlaw-2791	68	18	case	case	NOUN
taxlaw-2791	68	19	for	for	ADP
taxlaw-2791	68	20	reform	reform	NOUN
taxlaw-2791	68	21	is	be	AUX
taxlaw-2791	68	22	much	much	ADV
taxlaw-2791	68	23	more	more	ADV
taxlaw-2791	68	24	nuanced	nuanced	ADJ
taxlaw-2791	68	25	and	and	CCONJ
taxlaw-2791	68	26	the	the	DET
taxlaw-2791	68	27	proposed	propose	VERB
taxlaw-2791	68	28	solution	solution	NOUN
taxlaw-2791	68	29	considerably	considerably	ADV
taxlaw-2791	68	30	more	more	ADV
taxlaw-2791	68	31	complex	complex	ADJ
taxlaw-2791	68	32	than	than	SCONJ
taxlaw-2791	68	33	has	have	AUX
taxlaw-2791	68	34	sometimes	sometimes	ADV
taxlaw-2791	68	35	been	be	AUX
taxlaw-2791	68	36	suggested.14	suggested.14	NOUN
taxlaw-2791	68	37	economically	economically	ADV
taxlaw-2791	68	38	,	,	PUNCT
taxlaw-2791	68	39	use	use	NOUN
taxlaw-2791	68	40	of	of	ADP
taxlaw-2791	68	41	a	a	DET
taxlaw-2791	68	42	carried	carry	VERB
taxlaw-2791	68	43	interest	interest	NOUN
taxlaw-2791	68	44	arrangement	arrangement	NOUN
taxlaw-2791	68	45	rather	rather	ADV
taxlaw-2791	68	46	than	than	ADP
taxlaw-2791	68	47	salary	salary	NOUN
taxlaw-2791	68	48	does	do	AUX
taxlaw-2791	68	49	not	not	PART
taxlaw-2791	68	50	actually	actually	ADV
taxlaw-2791	68	51	convert	convert	VERB
taxlaw-2791	68	52	ordinary	ordinary	ADJ
taxlaw-2791	68	53	income	income	NOUN
taxlaw-2791	68	54	into	into	ADP
taxlaw-2791	68	55	capital	capital	NOUN
taxlaw-2791	68	56	gain	gain	NOUN
taxlaw-2791	68	57	but	but	CCONJ
taxlaw-2791	68	58	rather	rather	ADV
taxlaw-2791	68	59	merely	merely	ADV
taxlaw-2791	68	60	reallocates	reallocate	VERB
taxlaw-2791	68	61	different	different	ADJ
taxlaw-2791	68	62	types	type	NOUN
taxlaw-2791	68	63	of	of	ADP
taxlaw-2791	68	64	income	income	NOUN
taxlaw-2791	68	65	among	among	ADP
taxlaw-2791	68	66	partners	partner	NOUN
taxlaw-2791	68	67	,	,	PUNCT
taxlaw-2791	68	68	while	while	SCONJ
taxlaw-2791	68	69	leaving	leave	VERB
taxlaw-2791	68	70	unchanged	unchanged	ADJ
taxlaw-2791	68	71	aggregate	aggregate	ADJ
taxlaw-2791	68	72	capital	capital	NOUN
taxlaw-2791	68	73	gain	gain	NOUN
taxlaw-2791	68	74	at	at	ADP
taxlaw-2791	68	75	the	the	DET
taxlaw-2791	68	76	partnership	partnership	NOUN
taxlaw-2791	68	77	level	level	NOUN
taxlaw-2791	68	78	.	.	PUNCT
taxlaw-2791	69	1	to	to	PART
taxlaw-2791	69	2	use	use	VERB
taxlaw-2791	69	3	a	a	DET
taxlaw-2791	69	4	simple	simple	ADJ
taxlaw-2791	69	5	example	example	NOUN
taxlaw-2791	69	6	,	,	PUNCT
taxlaw-2791	69	7	assume	assume	VERB
taxlaw-2791	69	8	that	that	SCONJ
taxlaw-2791	69	9	a	a	DET
taxlaw-2791	69	10	partnership	partnership	NOUN
taxlaw-2791	69	11	has	have	VERB
taxlaw-2791	69	12	$	$	SYM
taxlaw-2791	69	13	100	100	NUM
taxlaw-2791	69	14	of	of	ADP
taxlaw-2791	69	15	capital	capital	NOUN
taxlaw-2791	69	16	gain	gain	NOUN
taxlaw-2791	69	17	and	and	CCONJ
taxlaw-2791	69	18	can	can	AUX
taxlaw-2791	69	19	choose	choose	VERB
taxlaw-2791	69	20	to	to	PART
taxlaw-2791	69	21	pay	pay	VERB
taxlaw-2791	69	22	deductible	deductible	ADJ
taxlaw-2791	69	23	salary	salary	NOUN
taxlaw-2791	69	24	of	of	ADP
taxlaw-2791	69	25	$	$	SYM
taxlaw-2791	69	26	20	20	NUM
taxlaw-2791	69	27	to	to	ADP
taxlaw-2791	69	28	an	an	DET
taxlaw-2791	69	29	investment	investment	NOUN
taxlaw-2791	69	30	manager	manager	NOUN
taxlaw-2791	69	31	or	or	CCONJ
taxlaw-2791	69	32	,	,	PUNCT
taxlaw-2791	69	33	alternatively	alternatively	ADV
taxlaw-2791	69	34	,	,	PUNCT
taxlaw-2791	69	35	reallocate	reallocate	VERB
taxlaw-2791	69	36	$	$	SYM
taxlaw-2791	69	37	20	20	NUM
taxlaw-2791	69	38	of	of	ADP
taxlaw-2791	69	39	the	the	DET
taxlaw-2791	69	40	partnership	partnership	NOUN
taxlaw-2791	69	41	’s	’s	PART
taxlaw-2791	69	42	capital	capital	NOUN
taxlaw-2791	69	43	gain	gain	NOUN
taxlaw-2791	69	44	to	to	ADP
taxlaw-2791	69	45	the	the	DET
taxlaw-2791	69	46	investment	investment	NOUN
taxlaw-2791	69	47	manager	manager	NOUN
taxlaw-2791	69	48	.	.	PUNCT
taxlaw-2791	70	1	in	in	ADP
taxlaw-2791	70	2	this	this	DET
taxlaw-2791	70	3	instance	instance	NOUN
taxlaw-2791	70	4	,	,	PUNCT
taxlaw-2791	70	5	the	the	DET
taxlaw-2791	70	6	carried	carry	VERB
taxlaw-2791	70	7	interest	interest	NOUN
taxlaw-2791	70	8	arrangement	arrangement	NOUN
taxlaw-2791	70	9	substitutes	substitute	VERB
taxlaw-2791	70	10	capital	capital	NOUN
taxlaw-2791	70	11	gain	gain	NOUN
taxlaw-2791	70	12	(	(	PUNCT
taxlaw-2791	70	13	the	the	DET
taxlaw-2791	70	14	manager	manager	NOUN
taxlaw-2791	70	15	’s	’s	PART
taxlaw-2791	70	16	share	share	NOUN
taxlaw-2791	70	17	of	of	ADP
taxlaw-2791	70	18	partnership	partnership	NOUN
taxlaw-2791	70	19	profits	profit	NOUN
taxlaw-2791	70	20	)	)	PUNCT
taxlaw-2791	70	21	for	for	ADP
taxlaw-2791	70	22	ordinary	ordinary	ADJ
taxlaw-2791	70	23	compensation	compensation	NOUN
taxlaw-2791	70	24	income	income	NOUN
taxlaw-2791	70	25	but	but	CCONJ
taxlaw-2791	70	26	deprives	deprive	VERB
taxlaw-2791	70	27	investor	investor	NOUN
taxlaw-2791	70	28	partners	partner	NOUN
taxlaw-2791	70	29	of	of	ADP
taxlaw-2791	70	30	an	an	DET
taxlaw-2791	70	31	equal	equal	ADJ
taxlaw-2791	70	32	and	and	CCONJ
taxlaw-2791	70	33	offsetting	offset	VERB
taxlaw-2791	70	34	compensation	compensation	NOUN
taxlaw-2791	70	35	deduction	deduction	NOUN
taxlaw-2791	70	36	(	(	PUNCT
taxlaw-2791	70	37	or	or	CCONJ
taxlaw-2791	70	38	capitalized	capitalize	VERB
taxlaw-2791	70	39	expense	expense	NOUN
taxlaw-2791	70	40	)	)	PUNCT
taxlaw-2791	70	41	.	.	PUNCT
taxlaw-2791	71	1	in	in	ADP
taxlaw-2791	71	2	light	light	NOUN
taxlaw-2791	71	3	of	of	ADP
taxlaw-2791	71	4	the	the	DET
taxlaw-2791	71	5	furor	furor	NOUN
taxlaw-2791	71	6	over	over	ADP
taxlaw-2791	71	7	carried	carry	VERB
taxlaw-2791	71	8	interests	interest	NOUN
taxlaw-2791	71	9	,	,	PUNCT
taxlaw-2791	71	10	it	it	PRON
taxlaw-2791	71	11	may	may	AUX
taxlaw-2791	71	12	be	be	AUX
taxlaw-2791	71	13	worth	worth	ADJ
taxlaw-2791	71	14	emphasizing	emphasize	VERB
taxlaw-2791	71	15	that	that	SCONJ
taxlaw-2791	71	16	such	such	ADJ
taxlaw-2791	71	17	income	income	NOUN
taxlaw-2791	71	18	reallocation	reallocation	NOUN
taxlaw-2791	71	19	generally	generally	ADV
taxlaw-2791	71	20	does	do	AUX
taxlaw-2791	71	21	not	not	PART
taxlaw-2791	71	22	offer	offer	VERB
taxlaw-2791	71	23	a	a	DET
taxlaw-2791	71	24	jointtax	jointtax	ADJ
taxlaw-2791	71	25	advantage	advantage	NOUN
taxlaw-2791	71	26	(	(	PUNCT
taxlaw-2791	71	27	or	or	CCONJ
taxlaw-2791	71	28	disadvantage	disadvantage	NOUN
taxlaw-2791	71	29	)	)	PUNCT
taxlaw-2791	71	30	if	if	SCONJ
taxlaw-2791	71	31	all	all	DET
taxlaw-2791	71	32	parties	party	NOUN
taxlaw-2791	71	33	are	be	AUX
taxlaw-2791	71	34	taxed	tax	VERB
taxlaw-2791	71	35	at	at	ADP
taxlaw-2791	71	36	the	the	DET
taxlaw-2791	71	37	same	same	ADJ
taxlaw-2791	71	38	rates	rate	NOUN
taxlaw-2791	71	39	on	on	ADP
taxlaw-2791	71	40	ordinary	ordinary	ADJ
taxlaw-2791	71	41	income	income	NOUN
taxlaw-2791	71	42	and	and	CCONJ
taxlaw-2791	71	43	capital	capital	NOUN
taxlaw-2791	71	44	gain.15	gain.15	VERB
taxlaw-2791	71	45	the	the	DET
taxlaw-2791	71	46	reallocation	reallocation	NOUN
taxlaw-2791	71	47	affects	affect	VERB
taxlaw-2791	71	48	the	the	DET
taxlaw-2791	71	49	amount	amount	NOUN
taxlaw-2791	71	50	of	of	ADP
taxlaw-2791	71	51	11	11	NUM
taxlaw-2791	71	52	.	.	PUNCT
taxlaw-2791	72	1	see	see	VERB
taxlaw-2791	72	2	generally	generally	ADV
taxlaw-2791	72	3	new	new	PROPN
taxlaw-2791	72	4	york	york	PROPN
taxlaw-2791	72	5	state	state	PROPN
taxlaw-2791	72	6	bar	bar	PROPN
taxlaw-2791	72	7	association	association	NOUN
taxlaw-2791	72	8	tax	tax	NOUN
taxlaw-2791	72	9	section	section	NOUN
taxlaw-2791	72	10	,	,	PUNCT
taxlaw-2791	72	11	report	report	NOUN
taxlaw-2791	72	12	on	on	ADP
taxlaw-2791	72	13	proposed	propose	VERB
taxlaw-2791	72	14	carried	carry	VERB
taxlaw-2791	72	15	interest	interest	NOUN
taxlaw-2791	72	16	legislation	legislation	NOUN
taxlaw-2791	72	17	and	and	CCONJ
taxlaw-2791	72	18	fee	fee	NOUN
taxlaw-2791	72	19	deferral	deferral	ADJ
taxlaw-2791	72	20	legislation	legislation	NOUN
taxlaw-2791	72	21	(	(	PUNCT
taxlaw-2791	72	22	sept	sept	PROPN
taxlaw-2791	72	23	.	.	PROPN
taxlaw-2791	72	24	28	28	NUM
taxlaw-2791	72	25	,	,	PUNCT
taxlaw-2791	72	26	2008	2008	NUM
taxlaw-2791	72	27	)	)	PUNCT
taxlaw-2791	73	1	[	[	X
taxlaw-2791	73	2	hereinafter	hereinafter	NOUN
taxlaw-2791	73	3	nysba	nysba	NOUN
taxlaw-2791	73	4	report	report	NOUN
taxlaw-2791	73	5	]	]	X
taxlaw-2791	73	6	;	;	PUNCT
taxlaw-2791	73	7	aba	aba	PROPN
taxlaw-2791	73	8	section	section	NOUN
taxlaw-2791	73	9	of	of	ADP
taxlaw-2791	73	10	taxation	taxation	NOUN
taxlaw-2791	73	11	,	,	PUNCT
taxlaw-2791	73	12	comments	comment	NOUN
taxlaw-2791	73	13	on	on	ADP
taxlaw-2791	73	14	h.r	h.r	PROPN
taxlaw-2791	73	15	.	.	PROPN
taxlaw-2791	73	16	2834	2834	NUM
taxlaw-2791	73	17	(	(	PUNCT
taxlaw-2791	73	18	nov	nov	PROPN
taxlaw-2791	73	19	.	.	PROPN
taxlaw-2791	73	20	13	13	NUM
taxlaw-2791	73	21	,	,	PUNCT
taxlaw-2791	73	22	2007	2007	NUM
taxlaw-2791	73	23	)	)	PUNCT
taxlaw-2791	74	1	[	[	X
taxlaw-2791	74	2	hereinafter	hereinafter	NOUN
taxlaw-2791	74	3	aba	aba	PROPN
taxlaw-2791	74	4	comments	comment	VERB
taxlaw-2791	74	5	]	]	X
taxlaw-2791	74	6	.	.	PUNCT
taxlaw-2791	75	1	12	12	NUM
taxlaw-2791	75	2	.	.	PUNCT
taxlaw-2791	76	1	see	see	VERB
taxlaw-2791	76	2	,	,	PUNCT
taxlaw-2791	76	3	e.g.	e.g.	ADV
taxlaw-2791	76	4	,	,	PUNCT
taxlaw-2791	76	5	mark	mark	PROPN
taxlaw-2791	76	6	p.	p.	PROPN
taxlaw-2791	76	7	gergen	gergen	PROPN
taxlaw-2791	76	8	,	,	PUNCT
taxlaw-2791	76	9	a	a	DET
taxlaw-2791	76	10	pragmatic	pragmatic	ADJ
taxlaw-2791	76	11	case	case	NOUN
taxlaw-2791	76	12	for	for	ADP
taxlaw-2791	76	13	taxing	tax	VERB
taxlaw-2791	76	14	an	an	DET
taxlaw-2791	76	15	equity	equity	NOUN
taxlaw-2791	76	16	fund	fund	NOUN
taxlaw-2791	76	17	manager	manager	NOUN
taxlaw-2791	76	18	’s	’s	PART
taxlaw-2791	76	19	profits	profit	NOUN
taxlaw-2791	76	20	share	share	NOUN
taxlaw-2791	76	21	as	as	ADP
taxlaw-2791	76	22	compensation	compensation	NOUN
taxlaw-2791	76	23	,	,	PUNCT
taxlaw-2791	76	24	87	87	NUM
taxlaw-2791	76	25	taxes	taxis	NOUN
taxlaw-2791	76	26	139	139	NUM
taxlaw-2791	76	27	,	,	PUNCT
taxlaw-2791	76	28	149	149	NUM
taxlaw-2791	76	29	(	(	PUNCT
taxlaw-2791	76	30	2009	2009	NUM
taxlaw-2791	76	31	)	)	PUNCT
taxlaw-2791	76	32	(	(	PUNCT
taxlaw-2791	76	33	noting	note	VERB
taxlaw-2791	76	34	that	that	SCONJ
taxlaw-2791	76	35	“	"	PUNCT
taxlaw-2791	76	36	[	[	PUNCT
taxlaw-2791	76	37	m]any	m]any	NOUN
taxlaw-2791	76	38	of	of	ADP
taxlaw-2791	76	39	the	the	DET
taxlaw-2791	76	40	problems	problem	NOUN
taxlaw-2791	76	41	that	that	PRON
taxlaw-2791	76	42	have	have	AUX
taxlaw-2791	76	43	been	be	AUX
taxlaw-2791	76	44	raised	raise	VERB
taxlaw-2791	76	45	.	.	PUNCT
taxlaw-2791	76	46	.	.	PUNCT
taxlaw-2791	77	1	.	.	PUNCT
taxlaw-2791	78	1	are	be	AUX
taxlaw-2791	78	2	technical	technical	ADJ
taxlaw-2791	78	3	in	in	ADP
taxlaw-2791	78	4	nature	nature	NOUN
taxlaw-2791	78	5	and	and	CCONJ
taxlaw-2791	78	6	solvable	solvable	ADJ
taxlaw-2791	78	7	”	"	PUNCT
taxlaw-2791	78	8	)	)	PUNCT
taxlaw-2791	78	9	.	.	PUNCT
taxlaw-2791	79	1	13	13	NUM
taxlaw-2791	79	2	.	.	PUNCT
taxlaw-2791	80	1	see	see	VERB
taxlaw-2791	80	2	paul	paul	PROPN
taxlaw-2791	80	3	carman	carman	PROPN
taxlaw-2791	80	4	,	,	PUNCT
taxlaw-2791	80	5	taxation	taxation	NOUN
taxlaw-2791	80	6	of	of	ADP
taxlaw-2791	80	7	carried	carry	VERB
taxlaw-2791	80	8	interests	interest	NOUN
taxlaw-2791	80	9	,	,	PUNCT
taxlaw-2791	80	10	87	87	NUM
taxlaw-2791	80	11	taxes	taxis	NOUN
taxlaw-2791	80	12	111	111	NUM
taxlaw-2791	80	13	,	,	PUNCT
taxlaw-2791	80	14	134	134	NUM
taxlaw-2791	80	15	(	(	PUNCT
taxlaw-2791	80	16	2009	2009	NUM
taxlaw-2791	80	17	)	)	PUNCT
taxlaw-2791	80	18	;	;	PUNCT
taxlaw-2791	80	19	see	see	VERB
taxlaw-2791	80	20	also	also	ADV
taxlaw-2791	80	21	michael	michael	PROPN
taxlaw-2791	80	22	l.	l.	PROPN
taxlaw-2791	80	23	schler	schler	PROPN
taxlaw-2791	80	24	,	,	PUNCT
taxlaw-2791	80	25	taxing	tax	VERB
taxlaw-2791	80	26	partnership	partnership	NOUN
taxlaw-2791	80	27	profits	profit	NOUN
taxlaw-2791	80	28	income	income	NOUN
taxlaw-2791	80	29	as	as	ADP
taxlaw-2791	80	30	compensation	compensation	NOUN
taxlaw-2791	80	31	income	income	NOUN
taxlaw-2791	80	32	,	,	PUNCT
taxlaw-2791	80	33	119	119	NUM
taxlaw-2791	80	34	tax	tax	NOUN
taxlaw-2791	80	35	notes	note	NOUN
taxlaw-2791	80	36	829	829	NUM
taxlaw-2791	80	37	,	,	PUNCT
taxlaw-2791	80	38	853	853	NUM
taxlaw-2791	80	39	(	(	PUNCT
taxlaw-2791	80	40	2008	2008	NUM
taxlaw-2791	80	41	)	)	PUNCT
taxlaw-2791	80	42	(	(	PUNCT
taxlaw-2791	80	43	describing	describe	VERB
taxlaw-2791	80	44	the	the	DET
taxlaw-2791	80	45	current	current	ADJ
taxlaw-2791	80	46	approach	approach	NOUN
taxlaw-2791	80	47	as	as	ADP
taxlaw-2791	80	48	a	a	DET
taxlaw-2791	80	49	“	"	PUNCT
taxlaw-2791	80	50	practical	practical	ADJ
taxlaw-2791	80	51	solution	solution	NOUN
taxlaw-2791	80	52	to	to	ADP
taxlaw-2791	80	53	a	a	DET
taxlaw-2791	80	54	difficult	difficult	ADJ
taxlaw-2791	80	55	problem	problem	NOUN
taxlaw-2791	80	56	”	"	PUNCT
taxlaw-2791	80	57	)	)	PUNCT
taxlaw-2791	80	58	.	.	PUNCT
taxlaw-2791	81	1	14	14	NUM
taxlaw-2791	81	2	.	.	PUNCT
taxlaw-2791	82	1	see	see	VERB
taxlaw-2791	82	2	sanchirico	sanchirico	NOUN
taxlaw-2791	82	3	,	,	PUNCT
taxlaw-2791	82	4	supra	supra	ADJ
taxlaw-2791	82	5	note	note	NOUN
taxlaw-2791	82	6	5	5	NUM
taxlaw-2791	82	7	;	;	PUNCT
taxlaw-2791	82	8	david	david	PROPN
taxlaw-2791	82	9	a.	a.	PROPN
taxlaw-2791	82	10	weisbach	weisbach	PROPN
taxlaw-2791	82	11	,	,	PUNCT
taxlaw-2791	82	12	the	the	DET
taxlaw-2791	82	13	taxation	taxation	NOUN
taxlaw-2791	82	14	of	of	ADP
taxlaw-2791	82	15	carried	carry	VERB
taxlaw-2791	82	16	interests	interest	NOUN
taxlaw-2791	82	17	in	in	ADP
taxlaw-2791	82	18	private	private	ADJ
taxlaw-2791	82	19	equity	equity	NOUN
taxlaw-2791	82	20	,	,	PUNCT
taxlaw-2791	82	21	94	94	NUM
taxlaw-2791	82	22	va	va	NOUN
taxlaw-2791	82	23	.	.	PUNCT
taxlaw-2791	83	1	l.	l.	PROPN
taxlaw-2791	83	2	rev	rev	PROPN
taxlaw-2791	83	3	.	.	PROPN
taxlaw-2791	84	1	715	715	NUM
taxlaw-2791	84	2	(	(	PUNCT
taxlaw-2791	84	3	2008	2008	NUM
taxlaw-2791	84	4	)	)	PUNCT
taxlaw-2791	84	5	;	;	PUNCT
taxlaw-2791	84	6	see	see	VERB
taxlaw-2791	84	7	also	also	ADV
taxlaw-2791	84	8	schler	schler	NOUN
taxlaw-2791	84	9	,	,	PUNCT
taxlaw-2791	84	10	supra	supra	PROPN
taxlaw-2791	84	11	note	note	NOUN
taxlaw-2791	84	12	13	13	NUM
taxlaw-2791	84	13	,	,	PUNCT
taxlaw-2791	84	14	at	at	ADP
taxlaw-2791	84	15	853	853	NUM
taxlaw-2791	84	16	(	(	PUNCT
taxlaw-2791	84	17	noting	note	VERB
taxlaw-2791	84	18	that	that	SCONJ
taxlaw-2791	84	19	“	"	PUNCT
taxlaw-2791	84	20	complexity	complexity	NOUN
taxlaw-2791	84	21	will	will	AUX
taxlaw-2791	84	22	be	be	AUX
taxlaw-2791	84	23	inevitable	inevitable	ADJ
taxlaw-2791	84	24	”	"	PUNCT
taxlaw-2791	84	25	)	)	PUNCT
taxlaw-2791	84	26	.	.	PUNCT
taxlaw-2791	85	1	15	15	NUM
taxlaw-2791	85	2	.	.	PUNCT
taxlaw-2791	85	3	to	to	PART
taxlaw-2791	85	4	illustrate	illustrate	VERB
taxlaw-2791	85	5	,	,	PUNCT
taxlaw-2791	85	6	assume	assume	VERB
taxlaw-2791	85	7	that	that	SCONJ
taxlaw-2791	85	8	all	all	DET
taxlaw-2791	85	9	parties	party	NOUN
taxlaw-2791	85	10	are	be	AUX
taxlaw-2791	85	11	taxed	tax	VERB
taxlaw-2791	85	12	on	on	ADP
taxlaw-2791	85	13	capital	capital	NOUN
taxlaw-2791	85	14	gains	gain	NOUN
taxlaw-2791	85	15	at	at	ADP
taxlaw-2791	85	16	15	15	NUM
taxlaw-2791	85	17	%	%	NOUN
taxlaw-2791	85	18	and	and	CCONJ
taxlaw-2791	85	19	on	on	ADP
taxlaw-2791	85	20	2010	2010	NUM
taxlaw-2791	85	21	]	]	PUNCT
taxlaw-2791	85	22	the	the	DET
taxlaw-2791	85	23	sou	sou	PROPN
taxlaw-2791	85	24	�	�	PROPN
taxlaw-2791	85	25	d	d	PROPN
taxlaw-2791	85	26	a	a	DET
taxlaw-2791	85	27	�	�	PROPN
taxlaw-2791	85	28	d	d	NOUN
taxlaw-2791	85	29	fury	fury	NOUN
taxlaw-2791	85	30	of	of	ADP
taxlaw-2791	85	31	carried	carry	VERB
taxlaw-2791	86	1	i	i	PRON
taxlaw-2791	86	2	�	�	VERB
taxlaw-2791	86	3	terest	ter	ADJ
taxlaw-2791	86	4	reform	reform	NOUN
taxlaw-2791	86	5	5	5	NUM
taxlaw-2791	86	6	taxes	taxis	NOUN
taxlaw-2791	86	7	paid	pay	VERB
taxlaw-2791	86	8	,	,	PUNCT
taxlaw-2791	86	9	respectively	respectively	ADV
taxlaw-2791	86	10	,	,	PUNCT
taxlaw-2791	86	11	by	by	ADP
taxlaw-2791	86	12	the	the	DET
taxlaw-2791	86	13	manager	manager	NOUN
taxlaw-2791	86	14	and	and	CCONJ
taxlaw-2791	86	15	investors	investor	NOUN
taxlaw-2791	86	16	(	(	PUNCT
taxlaw-2791	86	17	the	the	DET
taxlaw-2791	86	18	manager	manager	NOUN
taxlaw-2791	86	19	pays	pay	VERB
taxlaw-2791	86	20	less	less	ADJ
taxlaw-2791	86	21	tax	tax	NOUN
taxlaw-2791	86	22	and	and	CCONJ
taxlaw-2791	86	23	the	the	DET
taxlaw-2791	86	24	investors	investor	NOUN
taxlaw-2791	86	25	pay	pay	VERB
taxlaw-2791	86	26	more	more	ADJ
taxlaw-2791	86	27	tax	tax	NOUN
taxlaw-2791	86	28	)	)	PUNCT
taxlaw-2791	87	1	but	but	CCONJ
taxlaw-2791	87	2	total	total	ADJ
taxlaw-2791	87	3	taxes	taxis	NOUN
taxlaw-2791	87	4	remain	remain	VERB
taxlaw-2791	87	5	unchanged	unchanged	ADJ
taxlaw-2791	87	6	.	.	PUNCT
taxlaw-2791	88	1	because	because	SCONJ
taxlaw-2791	88	2	aggregate	aggregate	ADJ
taxlaw-2791	88	3	tax	tax	NOUN
taxlaw-2791	88	4	liability	liability	NOUN
taxlaw-2791	88	5	is	be	AUX
taxlaw-2791	88	6	the	the	DET
taxlaw-2791	88	7	same	same	ADJ
taxlaw-2791	88	8	,	,	PUNCT
taxlaw-2791	88	9	the	the	DET
taxlaw-2791	88	10	parties	party	NOUN
taxlaw-2791	88	11	may	may	AUX
taxlaw-2791	88	12	be	be	AUX
taxlaw-2791	88	13	expected	expect	VERB
taxlaw-2791	88	14	to	to	PART
taxlaw-2791	88	15	alter	alter	VERB
taxlaw-2791	88	16	payments	payment	NOUN
taxlaw-2791	88	17	to	to	ADP
taxlaw-2791	88	18	each	each	DET
taxlaw-2791	88	19	other	other	ADJ
taxlaw-2791	88	20	so	so	SCONJ
taxlaw-2791	88	21	that	that	SCONJ
taxlaw-2791	88	22	their	their	PRON
taxlaw-2791	88	23	net	net	ADJ
taxlaw-2791	88	24	income	income	NOUN
taxlaw-2791	88	25	(	(	PUNCT
taxlaw-2791	88	26	after	after	ADP
taxlaw-2791	88	27	taxes	taxis	NOUN
taxlaw-2791	88	28	)	)	PUNCT
taxlaw-2791	88	29	remains	remain	VERB
taxlaw-2791	88	30	constant.16	constant.16	NOUN
taxlaw-2791	88	31	if	if	SCONJ
taxlaw-2791	88	32	the	the	DET
taxlaw-2791	88	33	investors	investor	NOUN
taxlaw-2791	88	34	are	be	AUX
taxlaw-2791	88	35	tax	tax	NOUN
taxlaw-2791	88	36	-	-	PUNCT
taxlaw-2791	88	37	exempt	exempt	ADJ
taxlaw-2791	88	38	(	(	PUNCT
taxlaw-2791	88	39	or	or	CCONJ
taxlaw-2791	88	40	tax	tax	NOUN
taxlaw-2791	88	41	-	-	PUNCT
taxlaw-2791	88	42	indifferent	indifferent	NOUN
taxlaw-2791	88	43	)	)	PUNCT
taxlaw-2791	88	44	,	,	PUNCT
taxlaw-2791	88	45	however	however	ADV
taxlaw-2791	88	46	,	,	PUNCT
taxlaw-2791	88	47	the	the	DET
taxlaw-2791	88	48	carried	carry	VERB
taxlaw-2791	88	49	interest	interest	NOUN
taxlaw-2791	88	50	arrangement	arrangement	NOUN
taxlaw-2791	88	51	decreases	decrease	VERB
taxlaw-2791	88	52	the	the	DET
taxlaw-2791	88	53	service	service	NOUN
taxlaw-2791	88	54	partner	partner	NOUN
taxlaw-2791	88	55	’s	’s	PART
taxlaw-2791	88	56	tax	tax	NOUN
taxlaw-2791	88	57	without	without	ADP
taxlaw-2791	88	58	any	any	DET
taxlaw-2791	88	59	offsetting	offset	VERB
taxlaw-2791	88	60	increase	increase	NOUN
taxlaw-2791	88	61	in	in	ADP
taxlaw-2791	88	62	the	the	DET
taxlaw-2791	88	63	other	other	ADJ
taxlaw-2791	88	64	partners	partner	NOUN
taxlaw-2791	88	65	’	'	PUNCT
taxlaw-2791	88	66	tax.17	tax.17	NOUN
taxlaw-2791	88	67	notwithstanding	notwithstanding	ADP
taxlaw-2791	88	68	the	the	DET
taxlaw-2791	88	69	tax	tax	NOUN
taxlaw-2791	88	70	tensions	tension	NOUN
taxlaw-2791	88	71	among	among	ADP
taxlaw-2791	88	72	same	same	ADJ
taxlaw-2791	88	73	-	-	PUNCT
taxlaw-2791	88	74	taxed	tax	VERB
taxlaw-2791	88	75	partners	partner	NOUN
taxlaw-2791	88	76	that	that	PRON
taxlaw-2791	88	77	normally	normally	ADV
taxlaw-2791	88	78	suffice	suffice	VERB
taxlaw-2791	88	79	to	to	PART
taxlaw-2791	88	80	limit	limit	VERB
taxlaw-2791	88	81	such	such	ADJ
taxlaw-2791	88	82	taxadvantageous	taxadvantageous	ADJ
taxlaw-2791	88	83	income	income	NOUN
taxlaw-2791	88	84	reallocation	reallocation	NOUN
taxlaw-2791	88	85	,	,	PUNCT
taxlaw-2791	88	86	reformers	reformer	NOUN
taxlaw-2791	88	87	have	have	AUX
taxlaw-2791	88	88	claimed	claim	VERB
taxlaw-2791	88	89	that	that	SCONJ
taxlaw-2791	88	90	the	the	DET
taxlaw-2791	88	91	private	private	ADJ
taxlaw-2791	88	92	equity	equity	NOUN
taxlaw-2791	88	93	model	model	NOUN
taxlaw-2791	88	94	revealed	reveal	VERB
taxlaw-2791	88	95	fundamental	fundamental	ADJ
taxlaw-2791	88	96	flaws	flaw	NOUN
taxlaw-2791	88	97	in	in	ADP
taxlaw-2791	88	98	the	the	DET
taxlaw-2791	88	99	taxation	taxation	NOUN
taxlaw-2791	88	100	of	of	ADP
taxlaw-2791	88	101	partnership	partnership	NOUN
taxlaw-2791	88	102	profits	profit	VERB
taxlaw-2791	88	103	interests.18	interests.18	ADJ
taxlaw-2791	88	104	ordinary	ordinary	ADJ
taxlaw-2791	88	105	income	income	NOUN
taxlaw-2791	88	106	at	at	ADP
taxlaw-2791	88	107	35	35	NUM
taxlaw-2791	88	108	%	%	NOUN
taxlaw-2791	88	109	.	.	PUNCT
taxlaw-2791	89	1	the	the	DET
taxlaw-2791	89	2	two	two	NUM
taxlaw-2791	89	3	alternative	alternative	ADJ
taxlaw-2791	89	4	compensation	compensation	NOUN
taxlaw-2791	89	5	arrangements	arrangement	NOUN
taxlaw-2791	89	6	(	(	PUNCT
taxlaw-2791	89	7	carry	carry	VERB
taxlaw-2791	89	8	versus	versus	ADP
taxlaw-2791	89	9	cash	cash	NOUN
taxlaw-2791	89	10	)	)	PUNCT
taxlaw-2791	89	11	result	result	NOUN
taxlaw-2791	89	12	in	in	ADP
taxlaw-2791	89	13	the	the	DET
taxlaw-2791	89	14	same	same	ADJ
taxlaw-2791	89	15	aggregate	aggregate	ADJ
taxlaw-2791	89	16	tax	tax	NOUN
taxlaw-2791	89	17	liability	liability	NOUN
taxlaw-2791	89	18	(	(	PUNCT
taxlaw-2791	89	19	$	$	SYM
taxlaw-2791	89	20	15	15	NUM
taxlaw-2791	89	21	)	)	PUNCT
taxlaw-2791	89	22	;	;	PUNCT
taxlaw-2791	89	23	under	under	ADP
taxlaw-2791	89	24	the	the	DET
taxlaw-2791	89	25	carried	carry	VERB
taxlaw-2791	89	26	interest	interest	NOUN
taxlaw-2791	89	27	arrangement	arrangement	NOUN
taxlaw-2791	89	28	,	,	PUNCT
taxlaw-2791	89	29	the	the	DET
taxlaw-2791	89	30	investment	investment	NOUN
taxlaw-2791	89	31	manager	manager	NOUN
taxlaw-2791	89	32	pays	pay	VERB
taxlaw-2791	89	33	$	$	SYM
taxlaw-2791	89	34	4	4	NUM
taxlaw-2791	89	35	less	less	ADJ
taxlaw-2791	89	36	tax	tax	NOUN
taxlaw-2791	89	37	(	(	PUNCT
taxlaw-2791	89	38	$	$	SYM
taxlaw-2791	89	39	3	3	NUM
taxlaw-2791	89	40	versus	versus	ADP
taxlaw-2791	89	41	$	$	SYM
taxlaw-2791	89	42	7	7	NUM
taxlaw-2791	89	43	)	)	PUNCT
taxlaw-2791	89	44	but	but	CCONJ
taxlaw-2791	89	45	taxable	taxable	ADJ
taxlaw-2791	89	46	investors	investor	NOUN
taxlaw-2791	89	47	pay	pay	VERB
taxlaw-2791	89	48	$	$	SYM
taxlaw-2791	89	49	4	4	NUM
taxlaw-2791	89	50	more	more	ADJ
taxlaw-2791	89	51	tax	tax	NOUN
taxlaw-2791	89	52	(	(	PUNCT
taxlaw-2791	89	53	$	$	SYM
taxlaw-2791	89	54	12	12	NUM
taxlaw-2791	89	55	versus	versus	ADP
taxlaw-2791	89	56	$	$	SYM
taxlaw-2791	89	57	8)	8)	NUM
taxlaw-2791	89	58	:	:	PUNCT
taxlaw-2791	89	59	taxable	taxable	ADJ
taxlaw-2791	89	60	income	income	NOUN
taxlaw-2791	89	61	tax	tax	NOUN
taxlaw-2791	89	62	liability	liability	NOUN
taxlaw-2791	89	63	carried	carry	VERB
taxlaw-2791	89	64	interest	interest	NOUN
taxlaw-2791	89	65	salary	salary	NOUN
taxlaw-2791	89	66	carried	carry	VERB
taxlaw-2791	89	67	interest	interest	NOUN
taxlaw-2791	89	68	salary	salary	NOUN
taxlaw-2791	89	69	investment	investment	NOUN
taxlaw-2791	89	70	manager	manager	NOUN
taxlaw-2791	90	1	20	20	NUM
taxlaw-2791	90	2	cg	cg	NOUN
taxlaw-2791	90	3	20	20	NUM
taxlaw-2791	90	4	oi	oi	NOUN
taxlaw-2791	90	5	3	3	NUM
taxlaw-2791	90	6	7	7	NUM
taxlaw-2791	90	7	taxable	taxable	ADJ
taxlaw-2791	90	8	investors	investor	NOUN
taxlaw-2791	90	9	80	80	NUM
taxlaw-2791	90	10	cg	cg	NOUN
taxlaw-2791	90	11	100	100	NUM
taxlaw-2791	90	12	cg	cg	NOUN
taxlaw-2791	90	13	–	–	PUNCT
taxlaw-2791	90	14	20	20	NUM
taxlaw-2791	90	15	oi	oi	NOUN
taxlaw-2791	90	16	12	12	NUM
taxlaw-2791	90	17	15	15	NUM
taxlaw-2791	90	18	–	–	SYM
taxlaw-2791	90	19	7	7	NUM
taxlaw-2791	90	20	total	total	NOUN
taxlaw-2791	90	21	100	100	NUM
taxlaw-2791	90	22	cg	cg	NOUN
taxlaw-2791	90	23	100	100	NUM
taxlaw-2791	90	24	cg	cg	NOUN
taxlaw-2791	90	25	15	15	NUM
taxlaw-2791	90	26	15	15	NUM
taxlaw-2791	90	27	16	16	NUM
taxlaw-2791	90	28	.	.	PUNCT
taxlaw-2791	91	1	regardless	regardless	ADV
taxlaw-2791	91	2	of	of	ADP
taxlaw-2791	91	3	which	which	PRON
taxlaw-2791	91	4	party	party	NOUN
taxlaw-2791	91	5	bears	bear	VERB
taxlaw-2791	91	6	the	the	DET
taxlaw-2791	91	7	nominal	nominal	ADJ
taxlaw-2791	91	8	tax	tax	NOUN
taxlaw-2791	91	9	burden	burden	NOUN
taxlaw-2791	91	10	,	,	PUNCT
taxlaw-2791	91	11	a	a	DET
taxlaw-2791	91	12	compensation	compensation	NOUN
taxlaw-2791	91	13	arrangement	arrangement	NOUN
taxlaw-2791	91	14	is	be	AUX
taxlaw-2791	91	15	neutral	neutral	ADJ
taxlaw-2791	91	16	as	as	ADV
taxlaw-2791	91	17	long	long	ADV
taxlaw-2791	91	18	as	as	SCONJ
taxlaw-2791	91	19	the	the	DET
taxlaw-2791	91	20	parties	party	NOUN
taxlaw-2791	91	21	’	'	PUNCT
taxlaw-2791	91	22	aggregate	aggregate	ADJ
taxlaw-2791	91	23	tax	tax	NOUN
taxlaw-2791	91	24	liability	liability	NOUN
taxlaw-2791	91	25	is	be	AUX
taxlaw-2791	91	26	the	the	DET
taxlaw-2791	91	27	same	same	ADJ
taxlaw-2791	91	28	.	.	PUNCT
taxlaw-2791	92	1	see	see	VERB
taxlaw-2791	92	2	,	,	PUNCT
taxlaw-2791	92	3	e.g.	e.g.	ADV
taxlaw-2791	92	4	,	,	PUNCT
taxlaw-2791	92	5	ethan	ethan	PROPN
taxlaw-2791	92	6	yale	yale	PROPN
taxlaw-2791	92	7	&	&	CCONJ
taxlaw-2791	92	8	gregg	gregg	PROPN
taxlaw-2791	92	9	d.	d.	PROPN
taxlaw-2791	92	10	polsky	polsky	PROPN
taxlaw-2791	92	11	,	,	PUNCT
taxlaw-2791	92	12	reforming	reform	VERB
taxlaw-2791	92	13	the	the	DET
taxlaw-2791	92	14	taxation	taxation	NOUN
taxlaw-2791	92	15	of	of	ADP
taxlaw-2791	92	16	deferred	defer	VERB
taxlaw-2791	92	17	compensation	compensation	NOUN
taxlaw-2791	92	18	,	,	PUNCT
taxlaw-2791	92	19	85	85	NUM
taxlaw-2791	92	20	n.c	n.c	PROPN
taxlaw-2791	92	21	.	.	PROPN
taxlaw-2791	92	22	l.	l.	PROPN
taxlaw-2791	92	23	rev	rev	PROPN
taxlaw-2791	92	24	.	.	PROPN
taxlaw-2791	92	25	571	571	NUM
taxlaw-2791	92	26	,	,	PUNCT
taxlaw-2791	92	27	580	580	NUM
taxlaw-2791	92	28	(	(	PUNCT
taxlaw-2791	92	29	2007	2007	NUM
taxlaw-2791	92	30	)	)	PUNCT
taxlaw-2791	92	31	;	;	PUNCT
taxlaw-2791	92	32	alan	alan	PROPN
taxlaw-2791	92	33	d.	d.	PROPN
taxlaw-2791	92	34	viard	viard	PROPN
taxlaw-2791	92	35	,	,	PUNCT
taxlaw-2791	92	36	the	the	DET
taxlaw-2791	92	37	taxation	taxation	NOUN
taxlaw-2791	92	38	of	of	ADP
taxlaw-2791	92	39	carried	carry	VERB
taxlaw-2791	92	40	interests	interest	NOUN
taxlaw-2791	92	41	:	:	PUNCT
taxlaw-2791	92	42	understanding	understand	VERB
taxlaw-2791	92	43	the	the	DET
taxlaw-2791	92	44	issues	issue	NOUN
taxlaw-2791	92	45	,	,	PUNCT
taxlaw-2791	92	46	61	61	NUM
taxlaw-2791	92	47	nat’l	nat’l	NOUN
taxlaw-2791	92	48	tax	tax	NOUN
taxlaw-2791	92	49	j.	j.	PROPN
taxlaw-2791	92	50	445	445	PROPN
taxlaw-2791	92	51	,	,	PUNCT
taxlaw-2791	92	52	450	450	NUM
taxlaw-2791	92	53	(	(	PUNCT
taxlaw-2791	92	54	2008	2008	NUM
taxlaw-2791	92	55	)	)	PUNCT
taxlaw-2791	92	56	(	(	PUNCT
taxlaw-2791	92	57	noting	note	VERB
taxlaw-2791	92	58	that	that	SCONJ
taxlaw-2791	92	59	“	"	PUNCT
taxlaw-2791	92	60	the	the	DET
taxlaw-2791	92	61	parties	party	NOUN
taxlaw-2791	92	62	can	can	AUX
taxlaw-2791	92	63	and	and	CCONJ
taxlaw-2791	92	64	should	should	AUX
taxlaw-2791	92	65	alter	alter	VERB
taxlaw-2791	92	66	their	their	PRON
taxlaw-2791	92	67	payments	payment	NOUN
taxlaw-2791	92	68	to	to	ADP
taxlaw-2791	92	69	each	each	DET
taxlaw-2791	92	70	other	other	ADJ
taxlaw-2791	92	71	”	"	PUNCT
taxlaw-2791	92	72	to	to	PART
taxlaw-2791	92	73	keep	keep	VERB
taxlaw-2791	92	74	net	net	ADJ
taxlaw-2791	92	75	income	income	NOUN
taxlaw-2791	92	76	unchanged	unchanged	ADJ
taxlaw-2791	92	77	)	)	PUNCT
taxlaw-2791	92	78	.	.	PUNCT
taxlaw-2791	93	1	17	17	NUM
taxlaw-2791	93	2	.	.	PUNCT
taxlaw-2791	94	1	by	by	ADP
taxlaw-2791	94	2	comparison	comparison	NOUN
taxlaw-2791	94	3	,	,	PUNCT
taxlaw-2791	94	4	use	use	NOUN
taxlaw-2791	94	5	of	of	ADP
taxlaw-2791	94	6	carry	carry	NOUN
taxlaw-2791	94	7	(	(	PUNCT
taxlaw-2791	94	8	rather	rather	ADV
taxlaw-2791	94	9	than	than	ADP
taxlaw-2791	94	10	cash	cash	NOUN
taxlaw-2791	94	11	)	)	PUNCT
taxlaw-2791	94	12	reduces	reduce	VERB
taxlaw-2791	94	13	the	the	DET
taxlaw-2791	94	14	partners	partner	NOUN
taxlaw-2791	94	15	’	'	PUNCT
taxlaw-2791	94	16	aggregate	aggregate	ADJ
taxlaw-2791	94	17	tax	tax	NOUN
taxlaw-2791	94	18	liability	liability	NOUN
taxlaw-2791	94	19	by	by	ADP
taxlaw-2791	94	20	$	$	SYM
taxlaw-2791	94	21	4	4	NUM
taxlaw-2791	94	22	when	when	SCONJ
taxlaw-2791	94	23	the	the	DET
taxlaw-2791	94	24	investor	investor	NOUN
taxlaw-2791	94	25	partners	partner	NOUN
taxlaw-2791	94	26	are	be	AUX
taxlaw-2791	94	27	tax	tax	NOUN
taxlaw-2791	94	28	-	-	PUNCT
taxlaw-2791	94	29	exempt	exempt	ADJ
taxlaw-2791	94	30	:	:	PUNCT
taxlaw-2791	94	31	tax	tax	NOUN
taxlaw-2791	94	32	liability	liability	NOUN
taxlaw-2791	94	33	carried	carry	VERB
taxlaw-2791	94	34	interest	interest	NOUN
taxlaw-2791	94	35	salary	salary	NOUN
taxlaw-2791	94	36	investment	investment	NOUN
taxlaw-2791	94	37	manager	manager	NOUN
taxlaw-2791	94	38	3	3	NUM
taxlaw-2791	94	39	7	7	NUM
taxlaw-2791	94	40	tax	tax	NOUN
taxlaw-2791	94	41	-	-	PUNCT
taxlaw-2791	94	42	exempt	exempt	ADJ
taxlaw-2791	94	43	investors	investor	NOUN
taxlaw-2791	94	44	0	0	NUM
taxlaw-2791	94	45	0	0	NUM
taxlaw-2791	94	46	total	total	NOUN
taxlaw-2791	94	47	3	3	NUM
taxlaw-2791	94	48	7	7	NUM
taxlaw-2791	94	49	the	the	DET
taxlaw-2791	94	50	reduction	reduction	NOUN
taxlaw-2791	94	51	in	in	ADP
taxlaw-2791	94	52	the	the	DET
taxlaw-2791	94	53	partners	partner	NOUN
taxlaw-2791	94	54	’	'	PUNCT
taxlaw-2791	94	55	aggregate	aggregate	ADJ
taxlaw-2791	94	56	tax	tax	NOUN
taxlaw-2791	94	57	liability	liability	NOUN
taxlaw-2791	94	58	is	be	AUX
taxlaw-2791	94	59	equal	equal	ADJ
taxlaw-2791	94	60	to	to	ADP
taxlaw-2791	94	61	the	the	DET
taxlaw-2791	94	62	20	20	NUM
taxlaw-2791	94	63	percentage	percentage	NOUN
taxlaw-2791	94	64	point	point	NOUN
taxlaw-2791	94	65	gap	gap	NOUN
taxlaw-2791	94	66	between	between	ADP
taxlaw-2791	94	67	the	the	DET
taxlaw-2791	94	68	investment	investment	NOUN
taxlaw-2791	94	69	manager	manager	NOUN
taxlaw-2791	94	70	’s	’s	PART
taxlaw-2791	94	71	rate	rate	NOUN
taxlaw-2791	94	72	on	on	ADP
taxlaw-2791	94	73	ordinary	ordinary	ADJ
taxlaw-2791	94	74	income	income	NOUN
taxlaw-2791	94	75	(	(	PUNCT
taxlaw-2791	94	76	35	35	NUM
taxlaw-2791	94	77	%	%	NOUN
taxlaw-2791	94	78	)	)	PUNCT
taxlaw-2791	94	79	and	and	CCONJ
taxlaw-2791	94	80	rate	rate	NOUN
taxlaw-2791	94	81	on	on	ADP
taxlaw-2791	94	82	capital	capital	NOUN
taxlaw-2791	94	83	gains	gain	NOUN
taxlaw-2791	94	84	(	(	PUNCT
taxlaw-2791	94	85	15	15	NUM
taxlaw-2791	94	86	%	%	NOUN
taxlaw-2791	94	87	)	)	PUNCT
taxlaw-2791	94	88	.	.	PUNCT
taxlaw-2791	95	1	the	the	DET
taxlaw-2791	95	2	relevant	relevant	ADJ
taxlaw-2791	95	3	rate	rate	NOUN
taxlaw-2791	95	4	gap	gap	NOUN
taxlaw-2791	95	5	for	for	ADP
taxlaw-2791	95	6	tax	tax	NOUN
taxlaw-2791	95	7	-	-	PUNCT
taxlaw-2791	95	8	exempt	exempt	ADJ
taxlaw-2791	95	9	investors	investor	NOUN
taxlaw-2791	95	10	is	be	AUX
taxlaw-2791	95	11	zero	zero	NUM
taxlaw-2791	95	12	,	,	PUNCT
taxlaw-2791	95	13	i.e.	i.e.	X
taxlaw-2791	95	14	,	,	PUNCT
taxlaw-2791	95	15	they	they	PRON
taxlaw-2791	95	16	bear	bear	VERB
taxlaw-2791	95	17	no	no	DET
taxlaw-2791	95	18	tax	tax	NOUN
taxlaw-2791	95	19	on	on	ADP
taxlaw-2791	95	20	capital	capital	NOUN
taxlaw-2791	95	21	gain	gain	NOUN
taxlaw-2791	95	22	or	or	CCONJ
taxlaw-2791	95	23	ordinary	ordinary	ADJ
taxlaw-2791	95	24	income	income	NOUN
taxlaw-2791	95	25	;	;	PUNCT
taxlaw-2791	95	26	thus	thus	ADV
taxlaw-2791	95	27	,	,	PUNCT
taxlaw-2791	95	28	the	the	DET
taxlaw-2791	95	29	income	income	NOUN
taxlaw-2791	95	30	reallocation	reallocation	NOUN
taxlaw-2791	95	31	saves	save	VERB
taxlaw-2791	95	32	joint	joint	ADJ
taxlaw-2791	95	33	taxes	taxis	NOUN
taxlaw-2791	95	34	equal	equal	ADJ
taxlaw-2791	95	35	to	to	ADP
taxlaw-2791	95	36	the	the	DET
taxlaw-2791	95	37	entire	entire	ADJ
taxlaw-2791	95	38	difference	difference	NOUN
taxlaw-2791	95	39	(	(	PUNCT
taxlaw-2791	95	40	$	$	SYM
taxlaw-2791	95	41	4	4	NUM
taxlaw-2791	95	42	)	)	PUNCT
taxlaw-2791	95	43	between	between	ADP
taxlaw-2791	95	44	the	the	DET
taxlaw-2791	95	45	investment	investment	NOUN
taxlaw-2791	95	46	manager	manager	NOUN
taxlaw-2791	95	47	’s	’s	PART
taxlaw-2791	95	48	capital	capital	NOUN
taxlaw-2791	95	49	gain	gain	NOUN
taxlaw-2791	95	50	tax	tax	NOUN
taxlaw-2791	95	51	(	(	PUNCT
taxlaw-2791	95	52	$	$	SYM
taxlaw-2791	95	53	3	3	NUM
taxlaw-2791	95	54	)	)	PUNCT
taxlaw-2791	95	55	and	and	CCONJ
taxlaw-2791	95	56	ordinary	ordinary	ADJ
taxlaw-2791	95	57	income	income	NOUN
taxlaw-2791	95	58	tax	tax	NOUN
taxlaw-2791	95	59	(	(	PUNCT
taxlaw-2791	95	60	$	$	SYM
taxlaw-2791	95	61	7	7	NUM
taxlaw-2791	95	62	)	)	PUNCT
taxlaw-2791	95	63	.	.	PUNCT
taxlaw-2791	96	1	see	see	VERB
taxlaw-2791	96	2	sanchirico	sanchirico	NOUN
taxlaw-2791	96	3	,	,	PUNCT
taxlaw-2791	96	4	supra	supra	ADJ
taxlaw-2791	96	5	note	note	NOUN
taxlaw-2791	96	6	5	5	NUM
taxlaw-2791	96	7	,	,	PUNCT
taxlaw-2791	96	8	at	at	ADP
taxlaw-2791	96	9	1114	1114	NUM
taxlaw-2791	96	10	(	(	PUNCT
taxlaw-2791	96	11	noting	note	VERB
taxlaw-2791	96	12	significance	significance	NOUN
taxlaw-2791	96	13	of	of	ADP
taxlaw-2791	96	14	difference	difference	NOUN
taxlaw-2791	96	15	in	in	ADP
taxlaw-2791	96	16	the	the	DET
taxlaw-2791	96	17	partners	partner	NOUN
taxlaw-2791	96	18	’	'	PUNCT
taxlaw-2791	96	19	rate	rate	NOUN
taxlaw-2791	96	20	gaps	gap	NOUN
taxlaw-2791	96	21	)	)	PUNCT
taxlaw-2791	96	22	.	.	PUNCT
taxlaw-2791	97	1	18	18	NUM
taxlaw-2791	97	2	.	.	X
taxlaw-2791	98	1	see	see	VERB
taxlaw-2791	98	2	fleischer	fleischer	PROPN
taxlaw-2791	98	3	,	,	PUNCT
taxlaw-2791	98	4	supra	supra	PROPN
taxlaw-2791	98	5	note	note	NOUN
taxlaw-2791	98	6	2	2	NUM
taxlaw-2791	98	7	,	,	PUNCT
taxlaw-2791	98	8	at	at	ADP
taxlaw-2791	98	9	4	4	NUM
taxlaw-2791	98	10	(	(	PUNCT
taxlaw-2791	98	11	claiming	claim	VERB
taxlaw-2791	98	12	that	that	SCONJ
taxlaw-2791	98	13	“	"	PUNCT
taxlaw-2791	98	14	the	the	DET
taxlaw-2791	98	15	status	status	NOUN
taxlaw-2791	98	16	quo	quo	NOUN
taxlaw-2791	98	17	is	be	AUX
taxlaw-2791	98	18	untenable	untenable	ADJ
taxlaw-2791	98	19	as	as	ADP
taxlaw-2791	98	20	a	a	DET
taxlaw-2791	98	21	matter	matter	NOUN
taxlaw-2791	98	22	of	of	ADP
taxlaw-2791	98	23	tax	tax	NOUN
taxlaw-2791	98	24	policy	policy	NOUN
taxlaw-2791	98	25	”	"	PUNCT
taxlaw-2791	98	26	)	)	PUNCT
taxlaw-2791	98	27	.	.	PUNCT
taxlaw-2791	99	1	6	6	NUM
taxlaw-2791	99	2	columbia	columbia	PROPN
taxlaw-2791	99	3	jour	jour	PROPN
taxlaw-2791	99	4	�	�	PROPN
taxlaw-2791	99	5	al	al	PROPN
taxlaw-2791	99	6	of	of	ADP
taxlaw-2791	99	7	tax	tax	NOUN
taxlaw-2791	99	8	law	law	NOUN
taxlaw-2791	99	9	[	[	X
taxlaw-2791	99	10	vol	vol	NOUN
taxlaw-2791	99	11	.	.	PUNCT
taxlaw-2791	99	12	1:1	1:1	NUM
taxlaw-2791	100	1	although	although	SCONJ
taxlaw-2791	100	2	some	some	DET
taxlaw-2791	100	3	commentators	commentator	NOUN
taxlaw-2791	100	4	have	have	AUX
taxlaw-2791	100	5	argued	argue	VERB
taxlaw-2791	100	6	that	that	SCONJ
taxlaw-2791	100	7	private	private	ADJ
taxlaw-2791	100	8	equity	equity	NOUN
taxlaw-2791	100	9	carried	carry	VERB
taxlaw-2791	100	10	interests	interest	NOUN
taxlaw-2791	100	11	might	might	AUX
taxlaw-2791	100	12	be	be	AUX
taxlaw-2791	100	13	used	use	VERB
taxlaw-2791	100	14	even	even	ADV
taxlaw-2791	100	15	if	if	SCONJ
taxlaw-2791	100	16	they	they	PRON
taxlaw-2791	100	17	offered	offer	VERB
taxlaw-2791	100	18	no	no	DET
taxlaw-2791	100	19	particular	particular	ADJ
taxlaw-2791	100	20	tax	tax	NOUN
taxlaw-2791	100	21	advantages,19	advantages,19	NOUN
taxlaw-2791	100	22	part	part	NOUN
taxlaw-2791	100	23	i	i	PRON
taxlaw-2791	100	24	of	of	ADP
taxlaw-2791	100	25	this	this	DET
taxlaw-2791	100	26	article	article	NOUN
taxlaw-2791	100	27	suggests	suggest	VERB
taxlaw-2791	100	28	that	that	SCONJ
taxlaw-2791	100	29	these	these	DET
taxlaw-2791	100	30	tax	tax	NOUN
taxlaw-2791	100	31	-	-	PUNCT
taxlaw-2791	100	32	motivated	motivate	VERB
taxlaw-2791	100	33	arrangements	arrangement	NOUN
taxlaw-2791	100	34	were	be	AUX
taxlaw-2791	100	35	clearly	clearly	ADV
taxlaw-2791	100	36	vulnerable	vulnerable	ADJ
taxlaw-2791	100	37	under	under	ADP
taxlaw-2791	100	38	existing	exist	VERB
taxlaw-2791	100	39	partnership	partnership	NOUN
taxlaw-2791	100	40	rules	rule	NOUN
taxlaw-2791	100	41	that	that	PRON
taxlaw-2791	100	42	seek	seek	VERB
taxlaw-2791	100	43	to	to	PART
taxlaw-2791	100	44	limit	limit	VERB
taxlaw-2791	100	45	capital	capital	NOUN
taxlaw-2791	100	46	-	-	PUNCT
taxlaw-2791	100	47	gain	gain	NOUN
taxlaw-2791	100	48	conversion	conversion	NOUN
taxlaw-2791	100	49	and	and	CCONJ
taxlaw-2791	100	50	joint	joint	ADJ
taxlaw-2791	100	51	-	-	PUNCT
taxlaw-2791	100	52	tax	tax	NOUN
taxlaw-2791	100	53	minimization	minimization	NOUN
taxlaw-2791	100	54	.	.	PUNCT
taxlaw-2791	101	1	part	part	NOUN
taxlaw-2791	101	2	ii	ii	PROPN
taxlaw-2791	101	3	of	of	ADP
taxlaw-2791	101	4	the	the	DET
taxlaw-2791	101	5	article	article	NOUN
taxlaw-2791	101	6	examines	examine	VERB
taxlaw-2791	101	7	critically	critically	ADV
taxlaw-2791	101	8	the	the	DET
taxlaw-2791	101	9	compromise	compromise	NOUN
taxlaw-2791	101	10	approach	approach	NOUN
taxlaw-2791	101	11	of	of	ADP
taxlaw-2791	101	12	§	§	PROPN
taxlaw-2791	101	13	710	710	NUM
taxlaw-2791	101	14	,	,	PUNCT
taxlaw-2791	101	15	together	together	ADV
taxlaw-2791	101	16	with	with	ADP
taxlaw-2791	101	17	the	the	DET
taxlaw-2791	101	18	partnership	partnership	NOUN
taxlaw-2791	101	19	tax	tax	NOUN
taxlaw-2791	101	20	bar	bar	NOUN
taxlaw-2791	101	21	’s	’s	PART
taxlaw-2791	101	22	recommended	recommend	VERB
taxlaw-2791	101	23	amendment	amendment	NOUN
taxlaw-2791	101	24	of	of	ADP
taxlaw-2791	101	25	§	§	PROPN
taxlaw-2791	101	26	83	83	NUM
taxlaw-2791	101	27	.	.	PUNCT
taxlaw-2791	101	28	touted	tout	VERB
taxlaw-2791	101	29	as	as	ADP
taxlaw-2791	101	30	a	a	DET
taxlaw-2791	101	31	simple	simple	ADJ
taxlaw-2791	101	32	solution	solution	NOUN
taxlaw-2791	101	33	to	to	ADP
taxlaw-2791	101	34	conversion	conversion	NOUN
taxlaw-2791	101	35	and	and	CCONJ
taxlaw-2791	101	36	deferral	deferral	ADJ
taxlaw-2791	101	37	,	,	PUNCT
taxlaw-2791	101	38	the	the	DET
taxlaw-2791	101	39	recharacterization	recharacterization	ADJ
taxlaw-2791	101	40	approach	approach	NOUN
taxlaw-2791	101	41	of	of	ADP
taxlaw-2791	101	42	§	§	PROPN
taxlaw-2791	101	43	710	710	NUM
taxlaw-2791	101	44	may	may	AUX
taxlaw-2791	101	45	simply	simply	ADV
taxlaw-2791	101	46	mask	mask	VERB
taxlaw-2791	101	47	the	the	DET
taxlaw-2791	101	48	inherent	inherent	ADJ
taxlaw-2791	101	49	problems	problem	NOUN
taxlaw-2791	101	50	of	of	ADP
taxlaw-2791	101	51	distinguishing	distinguish	VERB
taxlaw-2791	101	52	between	between	ADP
taxlaw-2791	101	53	labor	labor	NOUN
taxlaw-2791	101	54	and	and	CCONJ
taxlaw-2791	101	55	capital	capital	NOUN
taxlaw-2791	101	56	income	income	NOUN
taxlaw-2791	101	57	when	when	SCONJ
taxlaw-2791	101	58	a	a	DET
taxlaw-2791	101	59	service	service	NOUN
taxlaw-2791	101	60	partner	partner	NOUN
taxlaw-2791	101	61	’s	’s	PART
taxlaw-2791	101	62	earnings	earning	NOUN
taxlaw-2791	101	63	are	be	AUX
taxlaw-2791	101	64	reinvested	reinveste	VERB
taxlaw-2791	101	65	in	in	ADP
taxlaw-2791	101	66	the	the	DET
taxlaw-2791	101	67	partnership	partnership	NOUN
taxlaw-2791	101	68	and	and	CCONJ
taxlaw-2791	101	69	give	give	VERB
taxlaw-2791	101	70	rise	rise	NOUN
taxlaw-2791	101	71	to	to	ADP
taxlaw-2791	101	72	“	"	PUNCT
taxlaw-2791	101	73	qualified	qualified	ADJ
taxlaw-2791	101	74	capital	capital	NOUN
taxlaw-2791	101	75	.	.	PUNCT
taxlaw-2791	102	1	”20	”20	NOUN
taxlaw-2791	102	2	tracking	track	VERB
taxlaw-2791	102	3	the	the	DET
taxlaw-2791	102	4	separate	separate	ADJ
taxlaw-2791	102	5	labor	labor	NOUN
taxlaw-2791	102	6	and	and	CCONJ
taxlaw-2791	102	7	capital	capital	NOUN
taxlaw-2791	102	8	components	component	NOUN
taxlaw-2791	102	9	of	of	ADP
taxlaw-2791	102	10	a	a	DET
taxlaw-2791	102	11	service	service	NOUN
taxlaw-2791	102	12	partner	partner	NOUN
taxlaw-2791	102	13	’s	’s	PART
taxlaw-2791	102	14	return	return	NOUN
taxlaw-2791	102	15	when	when	SCONJ
taxlaw-2791	102	16	earnings	earning	NOUN
taxlaw-2791	102	17	are	be	AUX
taxlaw-2791	102	18	reinvested	reinveste	VERB
taxlaw-2791	102	19	is	be	AUX
taxlaw-2791	102	20	part	part	NOUN
taxlaw-2791	102	21	of	of	ADP
taxlaw-2791	102	22	a	a	DET
taxlaw-2791	102	23	much	much	ADV
taxlaw-2791	102	24	larger	large	ADJ
taxlaw-2791	102	25	problem	problem	NOUN
taxlaw-2791	102	26	when	when	SCONJ
taxlaw-2791	102	27	a	a	DET
taxlaw-2791	102	28	business	business	NOUN
taxlaw-2791	102	29	owner	owner	NOUN
taxlaw-2791	102	30	-	-	PUNCT
taxlaw-2791	102	31	manager	manager	NOUN
taxlaw-2791	102	32	invests	invest	VERB
taxlaw-2791	102	33	both	both	DET
taxlaw-2791	102	34	services	service	NOUN
taxlaw-2791	102	35	and	and	CCONJ
taxlaw-2791	102	36	capital	capital	NOUN
taxlaw-2791	102	37	in	in	ADP
taxlaw-2791	102	38	an	an	DET
taxlaw-2791	102	39	enterprise	enterprise	NOUN
taxlaw-2791	102	40	.	.	PUNCT
taxlaw-2791	103	1	this	this	DET
taxlaw-2791	103	2	problem	problem	NOUN
taxlaw-2791	103	3	is	be	AUX
taxlaw-2791	103	4	exacerbated	exacerbate	VERB
taxlaw-2791	103	5	to	to	ADP
taxlaw-2791	103	6	the	the	DET
taxlaw-2791	103	7	extent	extent	NOUN
taxlaw-2791	103	8	a	a	DET
taxlaw-2791	103	9	service	service	NOUN
taxlaw-2791	103	10	provider	provider	NOUN
taxlaw-2791	103	11	can	can	AUX
taxlaw-2791	103	12	receive	receive	VERB
taxlaw-2791	103	13	a	a	DET
taxlaw-2791	103	14	partnership	partnership	NOUN
taxlaw-2791	103	15	profits	profit	NOUN
taxlaw-2791	103	16	interest	interest	NOUN
taxlaw-2791	103	17	tax	tax	NOUN
taxlaw-2791	103	18	free	free	ADJ
taxlaw-2791	103	19	and	and	CCONJ
taxlaw-2791	103	20	be	be	AUX
taxlaw-2791	103	21	recognized	recognize	VERB
taxlaw-2791	103	22	as	as	ADP
taxlaw-2791	103	23	a	a	DET
taxlaw-2791	103	24	partner	partner	NOUN
taxlaw-2791	103	25	even	even	ADV
taxlaw-2791	103	26	though	though	SCONJ
taxlaw-2791	103	27	his	his	PRON
taxlaw-2791	103	28	claim	claim	NOUN
taxlaw-2791	103	29	to	to	ADP
taxlaw-2791	103	30	a	a	DET
taxlaw-2791	103	31	share	share	NOUN
taxlaw-2791	103	32	of	of	ADP
taxlaw-2791	103	33	the	the	DET
taxlaw-2791	103	34	partnership	partnership	NOUN
taxlaw-2791	103	35	’s	’s	PART
taxlaw-2791	103	36	capital	capital	NOUN
taxlaw-2791	103	37	is	be	AUX
taxlaw-2791	103	38	contingent	contingent	ADJ
taxlaw-2791	103	39	on	on	ADP
taxlaw-2791	103	40	a	a	DET
taxlaw-2791	103	41	performance	performance	NOUN
taxlaw-2791	103	42	goal	goal	NOUN
taxlaw-2791	103	43	.	.	PUNCT
taxlaw-2791	104	1	from	from	ADP
taxlaw-2791	104	2	the	the	DET
taxlaw-2791	104	3	partnership	partnership	NOUN
taxlaw-2791	104	4	tax	tax	NOUN
taxlaw-2791	104	5	bar	bar	NOUN
taxlaw-2791	104	6	’s	’s	PART
taxlaw-2791	104	7	perspective	perspective	NOUN
taxlaw-2791	104	8	,	,	PUNCT
taxlaw-2791	104	9	the	the	DET
taxlaw-2791	104	10	current	current	ADJ
taxlaw-2791	104	11	legislation	legislation	NOUN
taxlaw-2791	104	12	offers	offer	VERB
taxlaw-2791	104	13	a	a	DET
taxlaw-2791	104	14	long	long	ADV
taxlaw-2791	104	15	-	-	PUNCT
taxlaw-2791	104	16	awaited	await	VERB
taxlaw-2791	104	17	opportunity	opportunity	NOUN
taxlaw-2791	104	18	to	to	PART
taxlaw-2791	104	19	disentangle	disentangle	VERB
taxlaw-2791	104	20	treatment	treatment	NOUN
taxlaw-2791	104	21	of	of	ADP
taxlaw-2791	104	22	profits	profit	NOUN
taxlaw-2791	104	23	interests	interest	NOUN
taxlaw-2791	104	24	from	from	ADP
taxlaw-2791	104	25	§	§	PROPN
taxlaw-2791	104	26	83	83	NUM
taxlaw-2791	104	27	,	,	PUNCT
taxlaw-2791	104	28	the	the	DET
taxlaw-2791	104	29	general	general	ADJ
taxlaw-2791	104	30	provision	provision	NOUN
taxlaw-2791	104	31	governing	govern	VERB
taxlaw-2791	104	32	deferred	defer	VERB
taxlaw-2791	104	33	compensation.21	compensation.21	NOUN
taxlaw-2791	104	34	given	give	VERB
taxlaw-2791	104	35	the	the	DET
taxlaw-2791	104	36	joint	joint	ADJ
taxlaw-2791	104	37	-	-	PUNCT
taxlaw-2791	104	38	tax	tax	NOUN
taxlaw-2791	104	39	incentives	incentive	NOUN
taxlaw-2791	104	40	that	that	PRON
taxlaw-2791	104	41	§	§	PROPN
taxlaw-2791	104	42	710	710	NUM
taxlaw-2791	104	43	provides	provide	VERB
taxlaw-2791	104	44	to	to	PART
taxlaw-2791	104	45	overstate	overstate	VERB
taxlaw-2791	104	46	investment	investment	NOUN
taxlaw-2791	104	47	return	return	NOUN
taxlaw-2791	104	48	(	(	PUNCT
taxlaw-2791	104	49	and	and	CCONJ
taxlaw-2791	104	50	understate	understate	VERB
taxlaw-2791	104	51	compensatory	compensatory	ADJ
taxlaw-2791	104	52	return	return	NOUN
taxlaw-2791	104	53	)	)	PUNCT
taxlaw-2791	104	54	,	,	PUNCT
taxlaw-2791	104	55	part	part	NOUN
taxlaw-2791	104	56	iii	iii	NUM
taxlaw-2791	104	57	concludes	conclude	VERB
taxlaw-2791	104	58	that	that	SCONJ
taxlaw-2791	104	59	a	a	DET
taxlaw-2791	104	60	better	well	ADJ
taxlaw-2791	104	61	approach	approach	NOUN
taxlaw-2791	104	62	may	may	AUX
taxlaw-2791	104	63	be	be	AUX
taxlaw-2791	104	64	to	to	PART
taxlaw-2791	104	65	treat	treat	VERB
taxlaw-2791	104	66	a	a	DET
taxlaw-2791	104	67	service	service	NOUN
taxlaw-2791	104	68	partner	partner	NOUN
taxlaw-2791	104	69	’s	’s	PART
taxlaw-2791	104	70	profits	profit	NOUN
taxlaw-2791	104	71	share	share	VERB
taxlaw-2791	104	72	entirely	entirely	ADV
taxlaw-2791	104	73	as	as	ADP
taxlaw-2791	104	74	ordinary	ordinary	ADJ
taxlaw-2791	104	75	income	income	NOUN
taxlaw-2791	104	76	even	even	ADV
taxlaw-2791	104	77	if	if	SCONJ
taxlaw-2791	104	78	implicit	implicit	ADJ
taxlaw-2791	104	79	salary	salary	NOUN
taxlaw-2791	104	80	is	be	AUX
taxlaw-2791	104	81	reinvested	reinveste	VERB
taxlaw-2791	104	82	in	in	ADP
taxlaw-2791	104	83	the	the	DET
taxlaw-2791	104	84	partnership	partnership	NOUN
taxlaw-2791	104	85	’s	’s	PART
taxlaw-2791	104	86	business	business	NOUN
taxlaw-2791	104	87	,	,	PUNCT
taxlaw-2791	104	88	by	by	ADP
taxlaw-2791	104	89	analogy	analogy	NOUN
taxlaw-2791	104	90	to	to	ADP
taxlaw-2791	104	91	the	the	DET
taxlaw-2791	104	92	treatment	treatment	NOUN
taxlaw-2791	104	93	of	of	ADP
taxlaw-2791	104	94	restricted	restricted	ADJ
taxlaw-2791	104	95	stock	stock	NOUN
taxlaw-2791	104	96	or	or	CCONJ
taxlaw-2791	104	97	nonqualified	nonqualified	ADJ
taxlaw-2791	104	98	options	option	NOUN
taxlaw-2791	104	99	.	.	PUNCT
taxlaw-2791	105	1	while	while	SCONJ
taxlaw-2791	105	2	allaying	allay	VERB
taxlaw-2791	105	3	the	the	DET
taxlaw-2791	105	4	concerns	concern	NOUN
taxlaw-2791	105	5	of	of	ADP
taxlaw-2791	105	6	the	the	DET
taxlaw-2791	105	7	partnership	partnership	NOUN
taxlaw-2791	105	8	tax	tax	NOUN
taxlaw-2791	105	9	bar	bar	NOUN
taxlaw-2791	105	10	may	may	AUX
taxlaw-2791	105	11	be	be	AUX
taxlaw-2791	105	12	a	a	DET
taxlaw-2791	105	13	practical	practical	ADJ
taxlaw-2791	105	14	imperative	imperative	NOUN
taxlaw-2791	105	15	,	,	PUNCT
taxlaw-2791	105	16	it	it	PRON
taxlaw-2791	105	17	is	be	AUX
taxlaw-2791	105	18	abundantly	abundantly	ADV
taxlaw-2791	105	19	clear	clear	ADJ
taxlaw-2791	105	20	that	that	SCONJ
taxlaw-2791	105	21	§	§	PROPN
taxlaw-2791	105	22	710	710	NUM
taxlaw-2791	105	23	,	,	PUNCT
taxlaw-2791	105	24	if	if	SCONJ
taxlaw-2791	105	25	enacted	enact	VERB
taxlaw-2791	105	26	,	,	PUNCT
taxlaw-2791	105	27	will	will	AUX
taxlaw-2791	105	28	be	be	AUX
taxlaw-2791	105	29	neither	neither	CCONJ
taxlaw-2791	105	30	simple	simple	ADJ
taxlaw-2791	105	31	nor	nor	CCONJ
taxlaw-2791	105	32	straightforward	straightforward	ADJ
taxlaw-2791	105	33	.	.	PUNCT
taxlaw-2791	106	1	given	give	VERB
taxlaw-2791	106	2	the	the	DET
taxlaw-2791	106	3	political	political	ADJ
taxlaw-2791	106	4	salience	salience	NOUN
taxlaw-2791	106	5	and	and	CCONJ
taxlaw-2791	106	6	technical	technical	ADJ
taxlaw-2791	106	7	opacity	opacity	NOUN
taxlaw-2791	106	8	of	of	ADP
taxlaw-2791	106	9	the	the	DET
taxlaw-2791	106	10	carried	carry	VERB
taxlaw-2791	106	11	interest	interest	NOUN
taxlaw-2791	106	12	problem	problem	NOUN
taxlaw-2791	106	13	,	,	PUNCT
taxlaw-2791	106	14	congress	congress	PROPN
taxlaw-2791	106	15	might	might	AUX
taxlaw-2791	106	16	be	be	AUX
taxlaw-2791	106	17	well	well	ADV
taxlaw-2791	106	18	advised	advise	VERB
taxlaw-2791	106	19	to	to	PART
taxlaw-2791	106	20	delegate	delegate	VERB
taxlaw-2791	106	21	to	to	ADP
taxlaw-2791	106	22	treasury	treasury	PROPN
taxlaw-2791	106	23	authority	authority	NOUN
taxlaw-2791	106	24	under	under	ADP
taxlaw-2791	106	25	existing	exist	VERB
taxlaw-2791	106	26	provisions	provision	NOUN
taxlaw-2791	106	27	to	to	PART
taxlaw-2791	106	28	address	address	VERB
taxlaw-2791	106	29	capital	capital	NOUN
taxlaw-2791	106	30	-	-	PUNCT
taxlaw-2791	106	31	gain	gain	NOUN
taxlaw-2791	106	32	conversion	conversion	NOUN
taxlaw-2791	106	33	rather	rather	ADV
taxlaw-2791	106	34	than	than	ADP
taxlaw-2791	106	35	enact	enact	VERB
taxlaw-2791	106	36	a	a	DET
taxlaw-2791	106	37	complex	complex	ADJ
taxlaw-2791	106	38	statute	statute	NOUN
taxlaw-2791	106	39	of	of	ADP
taxlaw-2791	106	40	19	19	NUM
taxlaw-2791	106	41	.	.	PUNCT
taxlaw-2791	107	1	see	see	VERB
taxlaw-2791	107	2	weisbach	weisbach	NOUN
taxlaw-2791	107	3	,	,	PUNCT
taxlaw-2791	107	4	supra	supra	PROPN
taxlaw-2791	107	5	note	note	NOUN
taxlaw-2791	107	6	14	14	NUM
taxlaw-2791	107	7	,	,	PUNCT
taxlaw-2791	107	8	at	at	ADP
taxlaw-2791	107	9	726	726	NUM
taxlaw-2791	107	10	(	(	PUNCT
taxlaw-2791	107	11	suggesting	suggest	VERB
taxlaw-2791	107	12	that	that	SCONJ
taxlaw-2791	107	13	“	"	PUNCT
taxlaw-2791	107	14	the	the	DET
taxlaw-2791	107	15	structure	structure	NOUN
taxlaw-2791	107	16	of	of	ADP
taxlaw-2791	107	17	these	these	DET
taxlaw-2791	107	18	funds	fund	NOUN
taxlaw-2791	107	19	is	be	AUX
taxlaw-2791	107	20	no	no	PRON
taxlaw-2791	107	21	more	more	ADJ
taxlaw-2791	107	22	tax	tax	NOUN
taxlaw-2791	107	23	-	-	PUNCT
taxlaw-2791	107	24	driven	drive	VERB
taxlaw-2791	107	25	than	than	ADP
taxlaw-2791	107	26	any	any	DET
taxlaw-2791	107	27	typical	typical	ADJ
taxlaw-2791	107	28	investment	investment	NOUN
taxlaw-2791	107	29	”	"	PUNCT
taxlaw-2791	107	30	)	)	PUNCT
taxlaw-2791	107	31	.	.	PUNCT
taxlaw-2791	108	1	20	20	NUM
taxlaw-2791	108	2	.	.	X
taxlaw-2791	109	1	see	see	VERB
taxlaw-2791	109	2	prop	prop	NOUN
taxlaw-2791	109	3	.	.	PUNCT
taxlaw-2791	110	1	§	§	PROPN
taxlaw-2791	110	2	710(c)(2)(a	710(c)(2)(a	PROPN
taxlaw-2791	110	3	)	)	PUNCT
taxlaw-2791	110	4	and	and	CCONJ
taxlaw-2791	110	5	(	(	PUNCT
taxlaw-2791	110	6	c	c	X
taxlaw-2791	110	7	)	)	PUNCT
taxlaw-2791	110	8	(	(	PUNCT
taxlaw-2791	110	9	exempting	exempt	VERB
taxlaw-2791	110	10	from	from	ADP
taxlaw-2791	110	11	ordinary	ordinary	ADJ
taxlaw-2791	110	12	income	income	NOUN
taxlaw-2791	110	13	treatment	treatment	NOUN
taxlaw-2791	110	14	reasonable	reasonable	ADJ
taxlaw-2791	110	15	allocations	allocation	NOUN
taxlaw-2791	110	16	attributable	attributable	ADJ
taxlaw-2791	110	17	to	to	ADP
taxlaw-2791	110	18	a	a	DET
taxlaw-2791	110	19	service	service	NOUN
taxlaw-2791	110	20	partner	partner	NOUN
taxlaw-2791	110	21	’s	’s	PART
taxlaw-2791	110	22	qualified	qualified	ADJ
taxlaw-2791	110	23	capital	capital	NOUN
taxlaw-2791	110	24	,	,	PUNCT
taxlaw-2791	110	25	including	include	VERB
taxlaw-2791	110	26	previously	previously	ADV
taxlaw-2791	110	27	-	-	PUNCT
taxlaw-2791	110	28	taxed	tax	VERB
taxlaw-2791	110	29	but	but	CCONJ
taxlaw-2791	110	30	undistributed	undistributed	ADJ
taxlaw-2791	110	31	earnings	earning	NOUN
taxlaw-2791	110	32	)	)	PUNCT
taxlaw-2791	110	33	.	.	PUNCT
taxlaw-2791	111	1	the	the	DET
taxlaw-2791	111	2	qualified	qualified	ADJ
taxlaw-2791	111	3	capital	capital	NOUN
taxlaw-2791	111	4	exception	exception	NOUN
taxlaw-2791	111	5	under	under	ADP
taxlaw-2791	111	6	the	the	DET
taxlaw-2791	111	7	levin	levin	PROPN
taxlaw-2791	111	8	bill	bill	PROPN
taxlaw-2791	111	9	was	be	AUX
taxlaw-2791	111	10	expanded	expand	VERB
taxlaw-2791	111	11	in	in	ADP
taxlaw-2791	111	12	response	response	NOUN
taxlaw-2791	111	13	to	to	ADP
taxlaw-2791	111	14	recommendations	recommendation	NOUN
taxlaw-2791	111	15	of	of	ADP
taxlaw-2791	111	16	the	the	DET
taxlaw-2791	111	17	partnership	partnership	NOUN
taxlaw-2791	111	18	tax	tax	NOUN
taxlaw-2791	111	19	bar	bar	NOUN
taxlaw-2791	111	20	;	;	PUNCT
taxlaw-2791	111	21	it	it	PRON
taxlaw-2791	111	22	is	be	AUX
taxlaw-2791	111	23	not	not	PART
taxlaw-2791	111	24	clear	clear	ADJ
taxlaw-2791	111	25	whether	whether	SCONJ
taxlaw-2791	111	26	the	the	DET
taxlaw-2791	111	27	administration	administration	NOUN
taxlaw-2791	111	28	’s	’s	PART
taxlaw-2791	111	29	budget	budget	NOUN
taxlaw-2791	111	30	proposal	proposal	NOUN
taxlaw-2791	111	31	follows	follow	VERB
taxlaw-2791	111	32	this	this	DET
taxlaw-2791	111	33	approach	approach	NOUN
taxlaw-2791	111	34	.	.	PUNCT
taxlaw-2791	112	1	21	21	NUM
taxlaw-2791	112	2	.	.	PUNCT
taxlaw-2791	113	1	see	see	AUX
taxlaw-2791	113	2	proposed	propose	VERB
taxlaw-2791	113	3	§	§	PROPN
taxlaw-2791	113	4	83(a)(4	83(a)(4	NUM
taxlaw-2791	113	5	)	)	PUNCT
taxlaw-2791	113	6	(	(	PUNCT
taxlaw-2791	113	7	treating	treat	VERB
taxlaw-2791	113	8	the	the	DET
taxlaw-2791	113	9	fair	fair	ADJ
taxlaw-2791	113	10	market	market	NOUN
taxlaw-2791	113	11	value	value	NOUN
taxlaw-2791	113	12	of	of	ADP
taxlaw-2791	113	13	a	a	DET
taxlaw-2791	113	14	profits	profit	NOUN
taxlaw-2791	113	15	interest	interest	NOUN
taxlaw-2791	113	16	as	as	ADP
taxlaw-2791	113	17	equal	equal	ADJ
taxlaw-2791	113	18	to	to	ADP
taxlaw-2791	113	19	its	its	PRON
taxlaw-2791	113	20	liquidation	liquidation	NOUN
taxlaw-2791	113	21	value	value	NOUN
taxlaw-2791	113	22	(	(	PUNCT
taxlaw-2791	113	23	zero	zero	NUM
taxlaw-2791	113	24	)	)	PUNCT
taxlaw-2791	113	25	and	and	CCONJ
taxlaw-2791	113	26	deeming	deem	VERB
taxlaw-2791	113	27	the	the	DET
taxlaw-2791	113	28	recipient	recipient	NOUN
taxlaw-2791	113	29	to	to	PART
taxlaw-2791	113	30	have	have	AUX
taxlaw-2791	113	31	made	make	VERB
taxlaw-2791	113	32	a	a	DET
taxlaw-2791	113	33	§	§	ADJ
taxlaw-2791	113	34	83(b	83(b	NUM
taxlaw-2791	113	35	)	)	PUNCT
taxlaw-2791	113	36	election	election	NOUN
taxlaw-2791	113	37	)	)	PUNCT
taxlaw-2791	113	38	.	.	PUNCT
taxlaw-2791	114	1	the	the	DET
taxlaw-2791	114	2	revision	revision	NOUN
taxlaw-2791	114	3	to	to	ADP
taxlaw-2791	114	4	§	§	PROPN
taxlaw-2791	114	5	83	83	NUM
taxlaw-2791	114	6	was	be	AUX
taxlaw-2791	114	7	added	add	VERB
taxlaw-2791	114	8	to	to	ADP
taxlaw-2791	114	9	the	the	DET
taxlaw-2791	114	10	levin	levin	PROPN
taxlaw-2791	114	11	bill	bill	PROPN
taxlaw-2791	114	12	as	as	ADP
taxlaw-2791	114	13	a	a	DET
taxlaw-2791	114	14	new	new	ADJ
taxlaw-2791	114	15	“	"	PUNCT
taxlaw-2791	114	16	section	section	NOUN
taxlaw-2791	114	17	1	1	NUM
taxlaw-2791	114	18	”	"	PUNCT
taxlaw-2791	114	19	that	that	PRON
taxlaw-2791	114	20	appears	appear	VERB
taxlaw-2791	114	21	immediately	immediately	ADV
taxlaw-2791	114	22	before	before	ADP
taxlaw-2791	114	23	“	"	PUNCT
taxlaw-2791	114	24	section	section	NOUN
taxlaw-2791	114	25	2	2	NUM
taxlaw-2791	114	26	”	"	PUNCT
taxlaw-2791	114	27	containing	contain	VERB
taxlaw-2791	114	28	proposed	propose	VERB
taxlaw-2791	114	29	§	§	PROPN
taxlaw-2791	114	30	710	710	NUM
taxlaw-2791	114	31	.	.	PUNCT
taxlaw-2791	115	1	2010	2010	NUM
taxlaw-2791	115	2	]	]	PUNCT
taxlaw-2791	115	3	the	the	DET
taxlaw-2791	115	4	sou	sou	PROPN
taxlaw-2791	115	5	�	�	PROPN
taxlaw-2791	115	6	d	d	PROPN
taxlaw-2791	115	7	a	a	DET
taxlaw-2791	115	8	�	�	PROPN
taxlaw-2791	115	9	d	d	NOUN
taxlaw-2791	115	10	fury	fury	NOUN
taxlaw-2791	115	11	of	of	ADP
taxlaw-2791	115	12	carried	carry	VERB
taxlaw-2791	115	13	i	i	PRON
taxlaw-2791	115	14	�	�	VERB
taxlaw-2791	115	15	terest	ter	ADJ
taxlaw-2791	115	16	reform	reform	NOUN
taxlaw-2791	115	17	7	7	NUM
taxlaw-2791	115	18	uncertain	uncertain	ADJ
taxlaw-2791	115	19	scope	scope	NOUN
taxlaw-2791	115	20	and	and	CCONJ
taxlaw-2791	115	21	effectiveness	effectiveness	NOUN
taxlaw-2791	115	22	.	.	PUNCT
taxlaw-2791	116	1	i.	i.	PROPN
taxlaw-2791	116	2	private	private	ADJ
taxlaw-2791	116	3	equity	equity	NOUN
taxlaw-2791	116	4	funds	fund	NOUN
taxlaw-2791	116	5	:	:	PUNCT
taxlaw-2791	116	6	allocations	allocation	NOUN
taxlaw-2791	116	7	and	and	CCONJ
taxlaw-2791	116	8	distributions	distribution	NOUN
taxlaw-2791	116	9	if	if	SCONJ
taxlaw-2791	116	10	the	the	DET
taxlaw-2791	116	11	tax	tax	NOUN
taxlaw-2791	116	12	advantage	advantage	NOUN
taxlaw-2791	116	13	of	of	ADP
taxlaw-2791	116	14	private	private	ADJ
taxlaw-2791	116	15	equity	equity	NOUN
taxlaw-2791	116	16	managers	manager	NOUN
taxlaw-2791	116	17	is	be	AUX
taxlaw-2791	116	18	properly	properly	ADV
taxlaw-2791	116	19	viewed	view	VERB
taxlaw-2791	116	20	as	as	ADP
taxlaw-2791	116	21	a	a	DET
taxlaw-2791	116	22	special	special	ADJ
taxlaw-2791	116	23	form	form	NOUN
taxlaw-2791	116	24	of	of	ADP
taxlaw-2791	116	25	joint	joint	ADJ
taxlaw-2791	116	26	-	-	PUNCT
taxlaw-2791	116	27	tax	tax	NOUN
taxlaw-2791	116	28	arbitrage	arbitrage	NOUN
taxlaw-2791	116	29	,	,	PUNCT
taxlaw-2791	116	30	it	it	PRON
taxlaw-2791	116	31	is	be	AUX
taxlaw-2791	116	32	essential	essential	ADJ
taxlaw-2791	116	33	to	to	PART
taxlaw-2791	116	34	understand	understand	VERB
taxlaw-2791	116	35	how	how	SCONJ
taxlaw-2791	116	36	the	the	DET
taxlaw-2791	116	37	partnership	partnership	NOUN
taxlaw-2791	116	38	rules	rule	VERB
taxlaw-2791	116	39	facilitate	facilitate	VERB
taxlaw-2791	116	40	or	or	CCONJ
taxlaw-2791	116	41	limit	limit	VERB
taxlaw-2791	116	42	such	such	ADJ
taxlaw-2791	116	43	joint	joint	ADJ
taxlaw-2791	116	44	-	-	PUNCT
taxlaw-2791	116	45	tax	tax	NOUN
taxlaw-2791	116	46	minimization	minimization	NOUN
taxlaw-2791	116	47	.	.	PUNCT
taxlaw-2791	117	1	a	a	DET
taxlaw-2791	117	2	typical	typical	ADJ
taxlaw-2791	117	3	private	private	ADJ
taxlaw-2791	117	4	equity	equity	NOUN
taxlaw-2791	117	5	fund	fund	NOUN
taxlaw-2791	117	6	is	be	AUX
taxlaw-2791	117	7	a	a	DET
taxlaw-2791	117	8	self	self	NOUN
taxlaw-2791	117	9	-	-	PUNCT
taxlaw-2791	117	10	liquidating	liquidate	VERB
taxlaw-2791	117	11	partnership	partnership	NOUN
taxlaw-2791	117	12	:	:	PUNCT
taxlaw-2791	117	13	both	both	DET
taxlaw-2791	117	14	investors	investor	NOUN
taxlaw-2791	117	15	and	and	CCONJ
taxlaw-2791	117	16	the	the	DET
taxlaw-2791	117	17	investment	investment	NOUN
taxlaw-2791	117	18	manager	manager	NOUN
taxlaw-2791	117	19	receive	receive	VERB
taxlaw-2791	117	20	cash	cash	NOUN
taxlaw-2791	117	21	distributions	distribution	NOUN
taxlaw-2791	117	22	at	at	ADP
taxlaw-2791	117	23	roughly	roughly	ADV
taxlaw-2791	117	24	the	the	DET
taxlaw-2791	117	25	same	same	ADJ
taxlaw-2791	117	26	time	time	NOUN
taxlaw-2791	117	27	as	as	SCONJ
taxlaw-2791	117	28	the	the	DET
taxlaw-2791	117	29	partnership	partnership	NOUN
taxlaw-2791	117	30	recognizes	recognize	VERB
taxlaw-2791	117	31	gain	gain	NOUN
taxlaw-2791	117	32	from	from	ADP
taxlaw-2791	117	33	sale	sale	NOUN
taxlaw-2791	117	34	of	of	ADP
taxlaw-2791	117	35	investments	investment	NOUN
taxlaw-2791	117	36	and	and	CCONJ
taxlaw-2791	117	37	allocates	allocate	NOUN
taxlaw-2791	117	38	that	that	PRON
taxlaw-2791	117	39	gain	gain	VERB
taxlaw-2791	117	40	among	among	ADP
taxlaw-2791	117	41	partners	partner	NOUN
taxlaw-2791	117	42	.	.	PUNCT
taxlaw-2791	118	1	because	because	SCONJ
taxlaw-2791	118	2	the	the	DET
taxlaw-2791	118	3	manager	manager	NOUN
taxlaw-2791	118	4	typically	typically	ADV
taxlaw-2791	118	5	does	do	AUX
taxlaw-2791	118	6	not	not	PART
taxlaw-2791	118	7	reinvest	reinvest	VERB
taxlaw-2791	118	8	capital	capital	NOUN
taxlaw-2791	118	9	earned	earn	VERB
taxlaw-2791	118	10	from	from	ADP
taxlaw-2791	118	11	services	service	NOUN
taxlaw-2791	118	12	in	in	ADP
taxlaw-2791	118	13	the	the	DET
taxlaw-2791	118	14	partnership	partnership	NOUN
taxlaw-2791	118	15	,	,	PUNCT
taxlaw-2791	118	16	taxing	tax	VERB
taxlaw-2791	118	17	distributive	distributive	ADJ
taxlaw-2791	118	18	shares	share	NOUN
taxlaw-2791	118	19	may	may	AUX
taxlaw-2791	118	20	be	be	AUX
taxlaw-2791	118	21	equivalent	equivalent	ADJ
taxlaw-2791	118	22	to	to	ADP
taxlaw-2791	118	23	taxing	tax	VERB
taxlaw-2791	118	24	distributions	distribution	NOUN
taxlaw-2791	118	25	.	.	PUNCT
taxlaw-2791	119	1	if	if	SCONJ
taxlaw-2791	119	2	the	the	DET
taxlaw-2791	119	3	fund	fund	NOUN
taxlaw-2791	119	4	is	be	AUX
taxlaw-2791	119	5	insufficiently	insufficiently	ADV
taxlaw-2791	119	6	profitable	profitable	ADJ
taxlaw-2791	119	7	when	when	SCONJ
taxlaw-2791	119	8	it	it	PRON
taxlaw-2791	119	9	liquidates	liquidate	VERB
taxlaw-2791	119	10	,	,	PUNCT
taxlaw-2791	119	11	the	the	DET
taxlaw-2791	119	12	manager	manager	NOUN
taxlaw-2791	119	13	may	may	AUX
taxlaw-2791	119	14	be	be	AUX
taxlaw-2791	119	15	required	require	VERB
taxlaw-2791	119	16	to	to	PART
taxlaw-2791	119	17	return	return	VERB
taxlaw-2791	119	18	only	only	ADV
taxlaw-2791	119	19	unearned	unearned	ADJ
taxlaw-2791	119	20	after	after	ADP
taxlaw-2791	119	21	-	-	PUNCT
taxlaw-2791	119	22	tax	tax	NOUN
taxlaw-2791	119	23	distributions	distribution	NOUN
taxlaw-2791	119	24	which	which	PRON
taxlaw-2791	119	25	represent	represent	VERB
taxlaw-2791	119	26	essentially	essentially	ADV
taxlaw-2791	119	27	interest	interest	NOUN
taxlaw-2791	119	28	-	-	PUNCT
taxlaw-2791	119	29	free	free	ADJ
taxlaw-2791	119	30	loans	loan	NOUN
taxlaw-2791	119	31	from	from	ADP
taxlaw-2791	119	32	the	the	DET
taxlaw-2791	119	33	investor	investor	NOUN
taxlaw-2791	119	34	partners.22	partners.22	NOUN
taxlaw-2791	119	35	given	give	VERB
taxlaw-2791	119	36	the	the	DET
taxlaw-2791	119	37	highly	highly	ADV
taxlaw-2791	119	38	unusual	unusual	ADJ
taxlaw-2791	119	39	nature	nature	NOUN
taxlaw-2791	119	40	of	of	ADP
taxlaw-2791	119	41	private	private	ADJ
taxlaw-2791	119	42	equity	equity	NOUN
taxlaw-2791	119	43	arrangements	arrangement	NOUN
taxlaw-2791	119	44	that	that	PRON
taxlaw-2791	119	45	are	be	AUX
taxlaw-2791	119	46	structured	structure	VERB
taxlaw-2791	119	47	to	to	PART
taxlaw-2791	119	48	provide	provide	VERB
taxlaw-2791	119	49	tax	tax	NOUN
taxlaw-2791	119	50	benefits	benefit	NOUN
taxlaw-2791	119	51	to	to	ADP
taxlaw-2791	119	52	managers	manager	NOUN
taxlaw-2791	119	53	that	that	PRON
taxlaw-2791	119	54	are	be	AUX
taxlaw-2791	119	55	often	often	ADV
taxlaw-2791	119	56	intentionally	intentionally	ADV
taxlaw-2791	119	57	opaque	opaque	ADJ
taxlaw-2791	119	58	even	even	ADV
taxlaw-2791	119	59	to	to	ADP
taxlaw-2791	119	60	investors	investor	NOUN
taxlaw-2791	119	61	,	,	PUNCT
taxlaw-2791	119	62	it	it	PRON
taxlaw-2791	119	63	may	may	AUX
taxlaw-2791	119	64	be	be	AUX
taxlaw-2791	119	65	hazardous	hazardous	ADJ
taxlaw-2791	119	66	to	to	PART
taxlaw-2791	119	67	draw	draw	VERB
taxlaw-2791	119	68	any	any	DET
taxlaw-2791	119	69	generalizations	generalization	NOUN
taxlaw-2791	119	70	concerning	concern	VERB
taxlaw-2791	119	71	how	how	SCONJ
taxlaw-2791	119	72	traditional	traditional	ADJ
taxlaw-2791	119	73	partnership	partnership	NOUN
taxlaw-2791	119	74	profits	profit	NOUN
taxlaw-2791	119	75	interests	interest	NOUN
taxlaw-2791	119	76	should	should	AUX
taxlaw-2791	119	77	be	be	AUX
taxlaw-2791	119	78	taxed	tax	VERB
taxlaw-2791	119	79	.	.	PUNCT
taxlaw-2791	120	1	a.	a.	NOUN
taxlaw-2791	120	2	understanding	understand	VERB
taxlaw-2791	120	3	the	the	DET
taxlaw-2791	120	4	business	business	NOUN
taxlaw-2791	120	5	arrangements	arrangement	NOUN
taxlaw-2791	120	6	that	that	PRON
taxlaw-2791	120	7	prompted	prompt	VERB
taxlaw-2791	120	8	proposed	propose	VERB
taxlaw-2791	120	9	§	§	NOUN
taxlaw-2791	120	10	710	710	NUM
taxlaw-2791	120	11	although	although	SCONJ
taxlaw-2791	120	12	the	the	DET
taxlaw-2791	120	13	structure	structure	NOUN
taxlaw-2791	120	14	and	and	CCONJ
taxlaw-2791	120	15	business	business	NOUN
taxlaw-2791	120	16	model	model	NOUN
taxlaw-2791	120	17	of	of	ADP
taxlaw-2791	120	18	private	private	ADJ
taxlaw-2791	120	19	equity	equity	NOUN
taxlaw-2791	120	20	funds	fund	NOUN
taxlaw-2791	120	21	have	have	AUX
taxlaw-2791	120	22	attracted	attract	VERB
taxlaw-2791	120	23	considerable	considerable	ADJ
taxlaw-2791	120	24	public	public	ADJ
taxlaw-2791	120	25	attention	attention	NOUN
taxlaw-2791	120	26	,	,	PUNCT
taxlaw-2791	120	27	the	the	DET
taxlaw-2791	120	28	operation	operation	NOUN
taxlaw-2791	120	29	of	of	ADP
taxlaw-2791	120	30	the	the	DET
taxlaw-2791	120	31	tax	tax	NOUN
taxlaw-2791	120	32	provisions	provision	NOUN
taxlaw-2791	120	33	is	be	AUX
taxlaw-2791	120	34	generally	generally	ADV
taxlaw-2791	120	35	less	less	ADV
taxlaw-2791	120	36	well	well	ADV
taxlaw-2791	120	37	understood.23	understood.23	ADP
taxlaw-2791	120	38	the	the	DET
taxlaw-2791	120	39	typical	typical	ADJ
taxlaw-2791	120	40	business	business	NOUN
taxlaw-2791	120	41	arrangement	arrangement	NOUN
taxlaw-2791	120	42	is	be	AUX
taxlaw-2791	120	43	as	as	SCONJ
taxlaw-2791	120	44	follows	follow	VERB
taxlaw-2791	120	45	.	.	PUNCT
taxlaw-2791	121	1	assume	assume	VERB
taxlaw-2791	121	2	the	the	DET
taxlaw-2791	121	3	general	general	ADJ
taxlaw-2791	121	4	partner	partner	NOUN
taxlaw-2791	121	5	(	(	PUNCT
taxlaw-2791	121	6	gp	gp	NOUN
taxlaw-2791	121	7	)	)	PUNCT
taxlaw-2791	121	8	of	of	ADP
taxlaw-2791	121	9	a	a	DET
taxlaw-2791	121	10	private	private	ADJ
taxlaw-2791	121	11	equity	equity	NOUN
taxlaw-2791	121	12	fund	fund	NOUN
taxlaw-2791	121	13	is	be	AUX
taxlaw-2791	121	14	an	an	DET
taxlaw-2791	121	15	individual	individual	NOUN
taxlaw-2791	121	16	who	who	PRON
taxlaw-2791	121	17	provides	provide	VERB
taxlaw-2791	121	18	management	management	NOUN
taxlaw-2791	121	19	services	service	NOUN
taxlaw-2791	121	20	,	,	PUNCT
taxlaw-2791	121	21	and	and	CCONJ
taxlaw-2791	121	22	the	the	DET
taxlaw-2791	121	23	investors	investor	NOUN
taxlaw-2791	121	24	(	(	PUNCT
taxlaw-2791	121	25	lp	lp	NOUN
taxlaw-2791	121	26	)	)	PUNCT
taxlaw-2791	121	27	are	be	AUX
taxlaw-2791	121	28	tax	tax	NOUN
taxlaw-2791	121	29	-	-	PUNCT
taxlaw-2791	121	30	exempt	exempt	ADJ
taxlaw-2791	121	31	entities	entity	NOUN
taxlaw-2791	121	32	(	(	PUNCT
taxlaw-2791	121	33	unless	unless	SCONJ
taxlaw-2791	121	34	otherwise	otherwise	ADV
taxlaw-2791	121	35	specified).24	specified).24	VERB
taxlaw-2791	121	36	the	the	DET
taxlaw-2791	121	37	22	22	NUM
taxlaw-2791	121	38	.	.	PUNCT
taxlaw-2791	122	1	see	see	VERB
taxlaw-2791	122	2	infra	infra	NOUN
taxlaw-2791	122	3	notes	note	VERB
taxlaw-2791	122	4	57–61	57–61	NUM
taxlaw-2791	122	5	and	and	CCONJ
taxlaw-2791	122	6	accompanying	accompany	VERB
taxlaw-2791	122	7	text	text	NOUN
taxlaw-2791	122	8	.	.	PUNCT
taxlaw-2791	123	1	23	23	NUM
taxlaw-2791	123	2	.	.	PUNCT
taxlaw-2791	124	1	this	this	DET
taxlaw-2791	124	2	article	article	NOUN
taxlaw-2791	124	3	does	do	AUX
taxlaw-2791	124	4	not	not	PART
taxlaw-2791	124	5	discuss	discuss	VERB
taxlaw-2791	124	6	hedge	hedge	NOUN
taxlaw-2791	124	7	funds	fund	NOUN
taxlaw-2791	124	8	,	,	PUNCT
taxlaw-2791	124	9	which	which	PRON
taxlaw-2791	124	10	share	share	VERB
taxlaw-2791	124	11	some	some	DET
taxlaw-2791	124	12	common	common	ADJ
taxlaw-2791	124	13	characteristics	characteristic	NOUN
taxlaw-2791	124	14	with	with	ADP
taxlaw-2791	124	15	private	private	ADJ
taxlaw-2791	124	16	equity	equity	NOUN
taxlaw-2791	124	17	funds	fund	NOUN
taxlaw-2791	124	18	but	but	CCONJ
taxlaw-2791	124	19	raise	raise	VERB
taxlaw-2791	124	20	distinct	distinct	ADJ
taxlaw-2791	124	21	tax	tax	NOUN
taxlaw-2791	124	22	issues	issue	NOUN
taxlaw-2791	124	23	.	.	PUNCT
taxlaw-2791	125	1	since	since	SCONJ
taxlaw-2791	125	2	hedge	hedge	NOUN
taxlaw-2791	125	3	funds	fund	NOUN
taxlaw-2791	125	4	typically	typically	ADV
taxlaw-2791	125	5	generate	generate	VERB
taxlaw-2791	125	6	mainly	mainly	ADV
taxlaw-2791	125	7	short	short	ADJ
taxlaw-2791	125	8	-	-	PUNCT
taxlaw-2791	125	9	term	term	NOUN
taxlaw-2791	125	10	capital	capital	NOUN
taxlaw-2791	125	11	gain	gain	NOUN
taxlaw-2791	125	12	(	(	PUNCT
taxlaw-2791	125	13	taxed	tax	VERB
taxlaw-2791	125	14	at	at	ADP
taxlaw-2791	125	15	the	the	DET
taxlaw-2791	125	16	same	same	ADJ
taxlaw-2791	125	17	rate	rate	NOUN
taxlaw-2791	125	18	as	as	ADP
taxlaw-2791	125	19	ordinary	ordinary	ADJ
taxlaw-2791	125	20	income	income	NOUN
taxlaw-2791	125	21	)	)	PUNCT
taxlaw-2791	125	22	,	,	PUNCT
taxlaw-2791	125	23	they	they	PRON
taxlaw-2791	125	24	arguably	arguably	ADV
taxlaw-2791	125	25	do	do	AUX
taxlaw-2791	125	26	not	not	PART
taxlaw-2791	125	27	pose	pose	VERB
taxlaw-2791	125	28	the	the	DET
taxlaw-2791	125	29	same	same	ADJ
taxlaw-2791	125	30	problem	problem	NOUN
taxlaw-2791	125	31	.	.	PUNCT
taxlaw-2791	126	1	see	see	VERB
taxlaw-2791	126	2	adam	adam	PROPN
taxlaw-2791	126	3	h.	h.	PROPN
taxlaw-2791	126	4	rosenzweig	rosenzweig	PROPN
taxlaw-2791	126	5	,	,	PUNCT
taxlaw-2791	126	6	�	�	PROPN
taxlaw-2791	126	7	ot	ot	NOUN
taxlaw-2791	126	8	all	all	DET
taxlaw-2791	126	9	carried	carry	VERB
taxlaw-2791	126	10	interests	interest	NOUN
taxlaw-2791	126	11	are	be	AUX
taxlaw-2791	126	12	created	create	VERB
taxlaw-2791	127	1	equal	equal	ADJ
taxlaw-2791	127	2	,	,	PUNCT
taxlaw-2791	127	3	29	29	NUM
taxlaw-2791	127	4	nw	nw	PROPN
taxlaw-2791	127	5	.	.	PROPN
taxlaw-2791	127	6	j.	j.	PROPN
taxlaw-2791	127	7	int’l	int’l	PROPN
taxlaw-2791	127	8	l.	l.	PROPN
taxlaw-2791	127	9	&	&	CCONJ
taxlaw-2791	127	10	bus	bus	PROPN
taxlaw-2791	127	11	.	.	PUNCT
taxlaw-2791	128	1	713	713	NUM
taxlaw-2791	128	2	,	,	PUNCT
taxlaw-2791	128	3	715	715	NUM
taxlaw-2791	128	4	(	(	PUNCT
taxlaw-2791	128	5	2009	2009	NUM
taxlaw-2791	128	6	)	)	PUNCT
taxlaw-2791	128	7	.	.	PUNCT
taxlaw-2791	129	1	24	24	NUM
taxlaw-2791	129	2	.	.	PUNCT
taxlaw-2791	130	1	in	in	ADP
taxlaw-2791	130	2	reality	reality	NOUN
taxlaw-2791	130	3	,	,	PUNCT
taxlaw-2791	130	4	the	the	DET
taxlaw-2791	130	5	general	general	ADJ
taxlaw-2791	130	6	partnership	partnership	NOUN
taxlaw-2791	130	7	interest	interest	NOUN
taxlaw-2791	130	8	is	be	AUX
taxlaw-2791	130	9	likely	likely	ADJ
taxlaw-2791	130	10	to	to	PART
taxlaw-2791	130	11	be	be	AUX
taxlaw-2791	130	12	held	hold	VERB
taxlaw-2791	130	13	by	by	ADP
taxlaw-2791	130	14	a	a	DET
taxlaw-2791	130	15	management	management	NOUN
taxlaw-2791	130	16	company	company	NOUN
taxlaw-2791	130	17	organized	organize	VERB
taxlaw-2791	130	18	as	as	ADP
taxlaw-2791	130	19	a	a	DET
taxlaw-2791	130	20	partnership	partnership	NOUN
taxlaw-2791	130	21	or	or	CCONJ
taxlaw-2791	130	22	an	an	DET
taxlaw-2791	130	23	llc	llc	NOUN
taxlaw-2791	130	24	;	;	PUNCT
taxlaw-2791	130	25	the	the	DET
taxlaw-2791	130	26	equity	equity	NOUN
taxlaw-2791	130	27	owners	owner	NOUN
taxlaw-2791	130	28	of	of	ADP
taxlaw-2791	130	29	the	the	DET
taxlaw-2791	130	30	management	management	NOUN
taxlaw-2791	130	31	company	company	NOUN
taxlaw-2791	130	32	are	be	AUX
taxlaw-2791	130	33	private	private	ADJ
taxlaw-2791	130	34	equity	equity	NOUN
taxlaw-2791	130	35	professionals	professional	NOUN
taxlaw-2791	130	36	.	.	PUNCT
taxlaw-2791	131	1	since	since	SCONJ
taxlaw-2791	131	2	the	the	DET
taxlaw-2791	131	3	management	management	NOUN
taxlaw-2791	131	4	company	company	NOUN
taxlaw-2791	131	5	is	be	AUX
taxlaw-2791	131	6	a	a	DET
taxlaw-2791	131	7	flowthrough	flowthrough	ADJ
taxlaw-2791	131	8	entity	entity	NOUN
taxlaw-2791	131	9	,	,	PUNCT
taxlaw-2791	131	10	the	the	DET
taxlaw-2791	131	11	tax	tax	NOUN
taxlaw-2791	131	12	consequences	consequence	NOUN
taxlaw-2791	131	13	are	be	AUX
taxlaw-2791	131	14	generally	generally	ADV
taxlaw-2791	131	15	the	the	DET
taxlaw-2791	131	16	same	same	ADJ
taxlaw-2791	131	17	as	as	SCONJ
taxlaw-2791	131	18	if	if	SCONJ
taxlaw-2791	131	19	the	the	DET
taxlaw-2791	131	20	private	private	ADJ
taxlaw-2791	131	21	equity	equity	NOUN
taxlaw-2791	131	22	professionals	professional	NOUN
taxlaw-2791	131	23	held	hold	VERB
taxlaw-2791	131	24	the	the	DET
taxlaw-2791	131	25	general	general	ADJ
taxlaw-2791	131	26	partnership	partnership	NOUN
taxlaw-2791	131	27	interest	interest	NOUN
taxlaw-2791	131	28	directly	directly	ADV
taxlaw-2791	131	29	.	.	PUNCT
taxlaw-2791	132	1	the	the	DET
taxlaw-2791	132	2	investors	investor	NOUN
taxlaw-2791	132	3	are	be	AUX
taxlaw-2791	132	4	likely	likely	ADJ
taxlaw-2791	132	5	to	to	PART
taxlaw-2791	132	6	be	be	AUX
taxlaw-2791	132	7	a	a	DET
taxlaw-2791	132	8	composite	composite	NOUN
taxlaw-2791	132	9	of	of	ADP
taxlaw-2791	132	10	tax	tax	NOUN
taxlaw-2791	132	11	-	-	PUNCT
taxlaw-2791	132	12	exempt	exempt	ADJ
taxlaw-2791	132	13	entities	entity	NOUN
taxlaw-2791	132	14	(	(	PUNCT
taxlaw-2791	132	15	e.g.	e.g.	ADV
taxlaw-2791	132	16	,	,	PUNCT
taxlaw-2791	132	17	private	private	ADJ
taxlaw-2791	132	18	and	and	CCONJ
taxlaw-2791	132	19	governmental	governmental	ADJ
taxlaw-2791	132	20	employee	employee	NOUN
taxlaw-2791	132	21	benefit	benefit	NOUN
taxlaw-2791	132	22	plans	plan	NOUN
taxlaw-2791	132	23	and	and	CCONJ
taxlaw-2791	132	24	8	8	NUM
taxlaw-2791	132	25	columbia	columbia	PROPN
taxlaw-2791	132	26	jour	jour	PROPN
taxlaw-2791	132	27	�	�	PROPN
taxlaw-2791	132	28	al	al	PROPN
taxlaw-2791	132	29	of	of	ADP
taxlaw-2791	132	30	tax	tax	NOUN
taxlaw-2791	132	31	law	law	NOUN
taxlaw-2791	133	1	[	[	X
taxlaw-2791	133	2	vol	vol	NOUN
taxlaw-2791	133	3	.	.	PUNCT
taxlaw-2791	133	4	1:1	1:1	NUM
taxlaw-2791	133	5	fund	fund	NOUN
taxlaw-2791	133	6	is	be	AUX
taxlaw-2791	133	7	organized	organize	VERB
taxlaw-2791	133	8	as	as	ADP
taxlaw-2791	133	9	a	a	DET
taxlaw-2791	133	10	partnership	partnership	NOUN
taxlaw-2791	133	11	(	(	PUNCT
taxlaw-2791	133	12	p	p	NOUN
taxlaw-2791	133	13	)	)	PUNCT
taxlaw-2791	133	14	,	,	PUNCT
taxlaw-2791	133	15	although	although	SCONJ
taxlaw-2791	133	16	the	the	DET
taxlaw-2791	133	17	result	result	NOUN
taxlaw-2791	133	18	would	would	AUX
taxlaw-2791	133	19	generally	generally	ADV
taxlaw-2791	133	20	be	be	AUX
taxlaw-2791	133	21	the	the	DET
taxlaw-2791	133	22	same	same	ADJ
taxlaw-2791	133	23	if	if	SCONJ
taxlaw-2791	133	24	p	p	PRON
taxlaw-2791	133	25	were	be	AUX
taxlaw-2791	133	26	instead	instead	ADV
taxlaw-2791	133	27	an	an	DET
taxlaw-2791	133	28	llc	llc	NOUN
taxlaw-2791	133	29	taxed	tax	VERB
taxlaw-2791	133	30	as	as	ADP
taxlaw-2791	133	31	a	a	DET
taxlaw-2791	133	32	partnership	partnership	NOUN
taxlaw-2791	133	33	.	.	PUNCT
taxlaw-2791	134	1	p	p	PROPN
taxlaw-2791	134	2	seeks	seek	VERB
taxlaw-2791	134	3	to	to	PART
taxlaw-2791	134	4	acquire	acquire	VERB
taxlaw-2791	134	5	control	control	NOUN
taxlaw-2791	134	6	of	of	ADP
taxlaw-2791	134	7	portfolio	portfolio	NOUN
taxlaw-2791	134	8	companies	company	NOUN
taxlaw-2791	134	9	,	,	PUNCT
taxlaw-2791	134	10	increase	increase	VERB
taxlaw-2791	134	11	the	the	DET
taxlaw-2791	134	12	value	value	NOUN
taxlaw-2791	134	13	of	of	ADP
taxlaw-2791	134	14	the	the	DET
taxlaw-2791	134	15	portfolio	portfolio	NOUN
taxlaw-2791	134	16	companies	company	NOUN
taxlaw-2791	134	17	,	,	PUNCT
taxlaw-2791	134	18	and	and	CCONJ
taxlaw-2791	134	19	“	"	PUNCT
taxlaw-2791	134	20	monetize	monetize	VERB
taxlaw-2791	134	21	”	"	PUNCT
taxlaw-2791	134	22	the	the	DET
taxlaw-2791	134	23	return	return	NOUN
taxlaw-2791	134	24	on	on	ADP
taxlaw-2791	134	25	lp	lp	NOUN
taxlaw-2791	134	26	’s	’s	PART
taxlaw-2791	134	27	investment	investment	NOUN
taxlaw-2791	134	28	over	over	ADP
taxlaw-2791	134	29	a	a	DET
taxlaw-2791	134	30	period	period	NOUN
taxlaw-2791	134	31	of	of	ADP
taxlaw-2791	134	32	several	several	ADJ
taxlaw-2791	134	33	years.25	years.25	PROPN
taxlaw-2791	134	34	gp	gp	NOUN
taxlaw-2791	134	35	receives	receive	VERB
taxlaw-2791	134	36	solely	solely	ADV
taxlaw-2791	134	37	a	a	DET
taxlaw-2791	134	38	profits	profit	NOUN
taxlaw-2791	134	39	interest	interest	NOUN
taxlaw-2791	134	40	in	in	ADP
taxlaw-2791	134	41	exchange	exchange	NOUN
taxlaw-2791	134	42	for	for	ADP
taxlaw-2791	134	43	services	service	NOUN
taxlaw-2791	134	44	;	;	PUNCT
taxlaw-2791	134	45	since	since	SCONJ
taxlaw-2791	134	46	gp	gp	NOUN
taxlaw-2791	134	47	contributes	contribute	VERB
taxlaw-2791	134	48	no	no	DET
taxlaw-2791	134	49	capital	capital	NOUN
taxlaw-2791	134	50	to	to	ADP
taxlaw-2791	134	51	p	p	PRON
taxlaw-2791	134	52	,	,	PUNCT
taxlaw-2791	134	53	there	there	PRON
taxlaw-2791	134	54	is	be	VERB
taxlaw-2791	134	55	no	no	DET
taxlaw-2791	134	56	need	need	NOUN
taxlaw-2791	134	57	to	to	PART
taxlaw-2791	134	58	bifurcate	bifurcate	VERB
taxlaw-2791	134	59	gp	gp	PROPN
taxlaw-2791	134	60	’s	’s	PART
taxlaw-2791	134	61	interest	interest	NOUN
taxlaw-2791	134	62	between	between	ADP
taxlaw-2791	134	63	a	a	DET
taxlaw-2791	134	64	capital	capital	NOUN
taxlaw-2791	134	65	and	and	CCONJ
taxlaw-2791	134	66	a	a	DET
taxlaw-2791	134	67	profits	profit	NOUN
taxlaw-2791	134	68	component.26	component.26	ADJ
taxlaw-2791	134	69	over	over	ADP
taxlaw-2791	134	70	time	time	NOUN
taxlaw-2791	134	71	,	,	PUNCT
taxlaw-2791	134	72	gp	gp	NOUN
taxlaw-2791	134	73	will	will	AUX
taxlaw-2791	134	74	acquire	acquire	VERB
taxlaw-2791	134	75	a	a	DET
taxlaw-2791	134	76	capital	capital	NOUN
taxlaw-2791	134	77	interest	interest	NOUN
taxlaw-2791	134	78	in	in	ADP
taxlaw-2791	134	79	p	p	NOUN
taxlaw-2791	134	80	to	to	ADP
taxlaw-2791	134	81	the	the	DET
taxlaw-2791	134	82	extent	extent	NOUN
taxlaw-2791	134	83	of	of	ADP
taxlaw-2791	134	84	gp	gp	NOUN
taxlaw-2791	134	85	’s	’s	PART
taxlaw-2791	134	86	share	share	NOUN
taxlaw-2791	134	87	of	of	ADP
taxlaw-2791	134	88	any	any	DET
taxlaw-2791	134	89	previously	previously	ADV
taxlaw-2791	134	90	taxed	tax	VERB
taxlaw-2791	134	91	but	but	CCONJ
taxlaw-2791	134	92	undistributed	undistributed	ADJ
taxlaw-2791	134	93	profits	profit	NOUN
taxlaw-2791	134	94	;	;	PUNCT
taxlaw-2791	134	95	if	if	SCONJ
taxlaw-2791	134	96	all	all	DET
taxlaw-2791	134	97	profits	profit	NOUN
taxlaw-2791	134	98	are	be	AUX
taxlaw-2791	134	99	distributed	distribute	VERB
taxlaw-2791	134	100	currently	currently	ADV
taxlaw-2791	134	101	,	,	PUNCT
taxlaw-2791	134	102	gp	gp	NOUN
taxlaw-2791	134	103	never	never	ADV
taxlaw-2791	134	104	acquires	acquire	VERB
taxlaw-2791	134	105	a	a	DET
taxlaw-2791	134	106	capital	capital	NOUN
taxlaw-2791	134	107	interest	interest	NOUN
taxlaw-2791	134	108	.	.	PUNCT
taxlaw-2791	135	1	prior	prior	ADV
taxlaw-2791	135	2	to	to	ADP
taxlaw-2791	135	3	liquidation	liquidation	NOUN
taxlaw-2791	135	4	,	,	PUNCT
taxlaw-2791	135	5	gp	gp	NOUN
taxlaw-2791	135	6	shares	share	NOUN
taxlaw-2791	135	7	in	in	ADP
taxlaw-2791	135	8	distributions	distribution	NOUN
taxlaw-2791	135	9	to	to	ADP
taxlaw-2791	135	10	the	the	DET
taxlaw-2791	135	11	extent	extent	NOUN
taxlaw-2791	135	12	that	that	SCONJ
taxlaw-2791	135	13	current	current	ADJ
taxlaw-2791	135	14	realized	realize	VERB
taxlaw-2791	135	15	gains	gain	NOUN
taxlaw-2791	135	16	exceed	exceed	VERB
taxlaw-2791	135	17	the	the	DET
taxlaw-2791	135	18	aggregate	aggregate	ADJ
taxlaw-2791	135	19	excess	excess	NOUN
taxlaw-2791	135	20	of	of	ADP
taxlaw-2791	135	21	losses	loss	NOUN
taxlaw-2791	135	22	over	over	ADP
taxlaw-2791	135	23	gains	gain	NOUN
taxlaw-2791	135	24	on	on	ADP
taxlaw-2791	135	25	investments	investment	NOUN
taxlaw-2791	135	26	sold	sell	VERB
taxlaw-2791	135	27	in	in	ADP
taxlaw-2791	135	28	prior	prior	ADJ
taxlaw-2791	135	29	years.27	years.27	PROPN
taxlaw-2791	135	30	p	p	PROPN
taxlaw-2791	135	31	imposes	impose	VERB
taxlaw-2791	135	32	a	a	DET
taxlaw-2791	135	33	clawback	clawback	NOUN
taxlaw-2791	135	34	obligation	obligation	NOUN
taxlaw-2791	135	35	on	on	ADP
taxlaw-2791	135	36	gp	gp	NOUN
taxlaw-2791	135	37	to	to	ADP
taxlaw-2791	135	38	the	the	DET
taxlaw-2791	135	39	extent	extent	NOUN
taxlaw-2791	135	40	that	that	SCONJ
taxlaw-2791	135	41	gp	gp	NOUN
taxlaw-2791	135	42	has	have	AUX
taxlaw-2791	135	43	a	a	DET
taxlaw-2791	135	44	negative	negative	ADJ
taxlaw-2791	135	45	capital	capital	NOUN
taxlaw-2791	135	46	account	account	NOUN
taxlaw-2791	135	47	on	on	ADP
taxlaw-2791	135	48	liquidation	liquidation	NOUN
taxlaw-2791	135	49	attributable	attributable	ADJ
taxlaw-2791	135	50	to	to	ADP
taxlaw-2791	135	51	“	"	PUNCT
taxlaw-2791	135	52	unearned	unearned	ADJ
taxlaw-2791	135	53	”	"	PUNCT
taxlaw-2791	135	54	distributions.28	distributions.28	NOUN
taxlaw-2791	135	55	the	the	DET
taxlaw-2791	135	56	following	follow	VERB
taxlaw-2791	135	57	example	example	NOUN
taxlaw-2791	135	58	illustrates	illustrate	VERB
taxlaw-2791	135	59	the	the	DET
taxlaw-2791	135	60	typical	typical	ADJ
taxlaw-2791	135	61	business	business	NOUN
taxlaw-2791	135	62	arrangement	arrangement	NOUN
taxlaw-2791	135	63	and	and	CCONJ
taxlaw-2791	135	64	the	the	DET
taxlaw-2791	135	65	close	close	ADJ
taxlaw-2791	135	66	economic	economic	ADJ
taxlaw-2791	135	67	resemblance	resemblance	NOUN
taxlaw-2791	135	68	between	between	ADP
taxlaw-2791	135	69	a	a	DET
taxlaw-2791	135	70	profits	profit	NOUN
taxlaw-2791	135	71	interest	interest	NOUN
taxlaw-2791	135	72	and	and	CCONJ
taxlaw-2791	135	73	an	an	DET
taxlaw-2791	135	74	option	option	NOUN
taxlaw-2791	135	75	.	.	PUNCT
taxlaw-2791	136	1	example	example	NOUN
taxlaw-2791	136	2	(	(	PUNCT
taxlaw-2791	136	3	1)—earned	1)—earned	NUM
taxlaw-2791	136	4	carry	carry	NOUN
taxlaw-2791	136	5	.	.	PUNCT
taxlaw-2791	137	1	in	in	ADP
taxlaw-2791	137	2	exchange	exchange	NOUN
taxlaw-2791	137	3	for	for	ADP
taxlaw-2791	137	4	managing	manage	VERB
taxlaw-2791	137	5	p	p	X
taxlaw-2791	137	6	’s	’s	PART
taxlaw-2791	137	7	business	business	NOUN
taxlaw-2791	137	8	,	,	PUNCT
taxlaw-2791	137	9	gp	gp	NOUN
taxlaw-2791	137	10	receives	receive	VERB
taxlaw-2791	137	11	a	a	DET
taxlaw-2791	137	12	20	20	NUM
taxlaw-2791	137	13	%	%	NOUN
taxlaw-2791	137	14	profits	profit	NOUN
taxlaw-2791	137	15	interest	interest	NOUN
taxlaw-2791	137	16	;	;	PUNCT
taxlaw-2791	137	17	lp	lp	PRON
taxlaw-2791	137	18	contributes	contribute	VERB
taxlaw-2791	137	19	$	$	SYM
taxlaw-2791	137	20	40	40	NUM
taxlaw-2791	137	21	million	million	NUM
taxlaw-2791	137	22	and	and	CCONJ
taxlaw-2791	137	23	is	be	AUX
taxlaw-2791	137	24	entitled	entitle	VERB
taxlaw-2791	137	25	to	to	ADP
taxlaw-2791	137	26	the	the	DET
taxlaw-2791	137	27	remaining	remain	VERB
taxlaw-2791	137	28	80	80	NUM
taxlaw-2791	137	29	%	%	NOUN
taxlaw-2791	137	30	of	of	ADP
taxlaw-2791	137	31	p	p	X
taxlaw-2791	137	32	’s	’s	PART
taxlaw-2791	137	33	profits	profit	NOUN
taxlaw-2791	137	34	.	.	PUNCT
taxlaw-2791	138	1	lp	lp	NOUN
taxlaw-2791	138	2	is	be	AUX
taxlaw-2791	138	3	not	not	PART
taxlaw-2791	138	4	entitled	entitle	VERB
taxlaw-2791	138	5	to	to	ADP
taxlaw-2791	138	6	a	a	DET
taxlaw-2791	138	7	preferred	preferred	ADJ
taxlaw-2791	138	8	return	return	NOUN
taxlaw-2791	138	9	or	or	CCONJ
taxlaw-2791	138	10	minimum	minimum	ADJ
taxlaw-2791	138	11	return	return	NOUN
taxlaw-2791	138	12	on	on	ADP
taxlaw-2791	138	13	investment	investment	NOUN
taxlaw-2791	138	14	(	(	PUNCT
taxlaw-2791	138	15	“	"	PUNCT
taxlaw-2791	138	16	hurdle	hurdle	NOUN
taxlaw-2791	138	17	rate	rate	NOUN
taxlaw-2791	138	18	”	"	PUNCT
taxlaw-2791	138	19	)	)	PUNCT
taxlaw-2791	138	20	.	.	PUNCT
taxlaw-2791	139	1	in	in	ADP
taxlaw-2791	139	2	year	year	NOUN
taxlaw-2791	139	3	1	1	NUM
taxlaw-2791	139	4	,	,	PUNCT
taxlaw-2791	139	5	p	p	PRON
taxlaw-2791	139	6	makes	make	VERB
taxlaw-2791	139	7	four	four	NUM
taxlaw-2791	139	8	portfolio	portfolio	NOUN
taxlaw-2791	139	9	investments	investment	NOUN
taxlaw-2791	139	10	(	(	PUNCT
taxlaw-2791	139	11	a	a	PRON
taxlaw-2791	139	12	,	,	PUNCT
taxlaw-2791	139	13	b	b	NOUN
taxlaw-2791	139	14	,	,	PUNCT
taxlaw-2791	139	15	c	c	NOUN
taxlaw-2791	139	16	,	,	PUNCT
taxlaw-2791	139	17	and	and	CCONJ
taxlaw-2791	139	18	d	d	X
taxlaw-2791	139	19	)	)	PUNCT
taxlaw-2791	139	20	of	of	ADP
taxlaw-2791	139	21	$	$	SYM
taxlaw-2791	139	22	10	10	NUM
taxlaw-2791	139	23	million	million	NUM
taxlaw-2791	139	24	each	each	PRON
taxlaw-2791	139	25	.	.	PUNCT
taxlaw-2791	140	1	at	at	ADP
taxlaw-2791	140	2	the	the	DET
taxlaw-2791	140	3	end	end	NOUN
taxlaw-2791	140	4	of	of	ADP
taxlaw-2791	140	5	year	year	NOUN
taxlaw-2791	140	6	2	2	NUM
taxlaw-2791	140	7	,	,	PUNCT
taxlaw-2791	140	8	p	p	NOUN
taxlaw-2791	140	9	sells	sell	VERB
taxlaw-2791	140	10	a	a	PRON
taxlaw-2791	140	11	for	for	ADP
taxlaw-2791	140	12	$	$	SYM
taxlaw-2791	140	13	15	15	NUM
taxlaw-2791	140	14	million	million	NUM
taxlaw-2791	140	15	;	;	PUNCT
taxlaw-2791	140	16	at	at	ADP
taxlaw-2791	140	17	the	the	DET
taxlaw-2791	140	18	end	end	NOUN
taxlaw-2791	140	19	of	of	ADP
taxlaw-2791	140	20	year	year	NOUN
taxlaw-2791	140	21	3	3	NUM
taxlaw-2791	140	22	,	,	PUNCT
taxlaw-2791	140	23	p	p	NOUN
taxlaw-2791	140	24	sells	sell	VERB
taxlaw-2791	140	25	university	university	NOUN
taxlaw-2791	140	26	endowments	endowment	NOUN
taxlaw-2791	140	27	)	)	PUNCT
taxlaw-2791	140	28	,	,	PUNCT
taxlaw-2791	140	29	foreign	foreign	ADJ
taxlaw-2791	140	30	individuals	individual	NOUN
taxlaw-2791	140	31	,	,	PUNCT
taxlaw-2791	140	32	and	and	CCONJ
taxlaw-2791	140	33	wealthy	wealthy	ADJ
taxlaw-2791	140	34	u.s	u.s	PROPN
taxlaw-2791	140	35	.	.	PROPN
taxlaw-2791	140	36	individuals	individual	NOUN
taxlaw-2791	140	37	.	.	PUNCT
taxlaw-2791	141	1	this	this	DET
taxlaw-2791	141	2	article	article	NOUN
taxlaw-2791	141	3	ignores	ignore	VERB
taxlaw-2791	141	4	the	the	DET
taxlaw-2791	141	5	possibility	possibility	NOUN
taxlaw-2791	141	6	that	that	SCONJ
taxlaw-2791	141	7	some	some	DET
taxlaw-2791	141	8	portion	portion	NOUN
taxlaw-2791	141	9	of	of	ADP
taxlaw-2791	141	10	u.s	u.s	PROPN
taxlaw-2791	141	11	.	.	PROPN
taxlaw-2791	141	12	tax	tax	NOUN
taxlaw-2791	141	13	-	-	PUNCT
taxlaw-2791	141	14	exempt	exempt	ADJ
taxlaw-2791	141	15	investors	investor	NOUN
taxlaw-2791	141	16	’	'	PUNCT
taxlaw-2791	141	17	return	return	NOUN
taxlaw-2791	141	18	may	may	AUX
taxlaw-2791	141	19	be	be	AUX
taxlaw-2791	141	20	unrelated	unrelated	ADJ
taxlaw-2791	141	21	business	business	NOUN
taxlaw-2791	141	22	taxable	taxable	ADJ
taxlaw-2791	141	23	income	income	NOUN
taxlaw-2791	141	24	(	(	PUNCT
taxlaw-2791	141	25	ubti	ubti	PROPN
taxlaw-2791	141	26	)	)	PUNCT
taxlaw-2791	141	27	.	.	PUNCT
taxlaw-2791	142	1	see	see	VERB
taxlaw-2791	142	2	i.r.c	i.r.c	NOUN
taxlaw-2791	142	3	.	.	PUNCT
taxlaw-2791	143	1	§	§	PROPN
taxlaw-2791	143	2	512	512	NUM
taxlaw-2791	143	3	(	(	PUNCT
taxlaw-2791	143	4	2009	2009	NUM
taxlaw-2791	143	5	)	)	PUNCT
taxlaw-2791	143	6	.	.	PUNCT
taxlaw-2791	144	1	25	25	NUM
taxlaw-2791	144	2	.	.	PUNCT
taxlaw-2791	145	1	see	see	VERB
taxlaw-2791	145	2	fleischer	fleischer	PROPN
taxlaw-2791	145	3	,	,	PUNCT
taxlaw-2791	145	4	supra	supra	PROPN
taxlaw-2791	145	5	note	note	NOUN
taxlaw-2791	145	6	2	2	NUM
taxlaw-2791	145	7	,	,	PUNCT
taxlaw-2791	145	8	at	at	ADP
taxlaw-2791	145	9	8–9	8–9	NUM
taxlaw-2791	145	10	.	.	PUNCT
taxlaw-2791	146	1	since	since	SCONJ
taxlaw-2791	146	2	lp	lp	NOUN
taxlaw-2791	146	3	is	be	AUX
taxlaw-2791	146	4	“	"	PUNCT
taxlaw-2791	146	5	locked	lock	VERB
taxlaw-2791	146	6	into	into	ADP
taxlaw-2791	146	7	”	"	PUNCT
taxlaw-2791	146	8	p	p	NOUN
taxlaw-2791	146	9	until	until	ADP
taxlaw-2791	146	10	disposition	disposition	NOUN
taxlaw-2791	146	11	of	of	ADP
taxlaw-2791	146	12	all	all	DET
taxlaw-2791	146	13	the	the	DET
taxlaw-2791	146	14	portfolio	portfolio	NOUN
taxlaw-2791	146	15	companies	company	NOUN
taxlaw-2791	146	16	,	,	PUNCT
taxlaw-2791	146	17	lp	lp	PROPN
taxlaw-2791	146	18	’s	’s	PART
taxlaw-2791	146	19	capital	capital	NOUN
taxlaw-2791	146	20	is	be	AUX
taxlaw-2791	146	21	returned	return	VERB
taxlaw-2791	146	22	only	only	ADV
taxlaw-2791	146	23	as	as	SCONJ
taxlaw-2791	146	24	p	p	NOUN
taxlaw-2791	146	25	distributes	distribute	VERB
taxlaw-2791	146	26	proceeds	proceed	NOUN
taxlaw-2791	146	27	from	from	ADP
taxlaw-2791	146	28	the	the	DET
taxlaw-2791	146	29	sale	sale	NOUN
taxlaw-2791	146	30	of	of	ADP
taxlaw-2791	146	31	individual	individual	ADJ
taxlaw-2791	146	32	portfolio	portfolio	NOUN
taxlaw-2791	146	33	companies	company	NOUN
taxlaw-2791	146	34	.	.	PUNCT
taxlaw-2791	147	1	see	see	VERB
taxlaw-2791	147	2	knoll	knoll	NOUN
taxlaw-2791	147	3	,	,	PUNCT
taxlaw-2791	147	4	supra	supra	PROPN
taxlaw-2791	147	5	note	note	NOUN
taxlaw-2791	147	6	6	6	NUM
taxlaw-2791	147	7	,	,	PUNCT
taxlaw-2791	147	8	at	at	ADP
taxlaw-2791	147	9	122–23	122–23	NUM
taxlaw-2791	147	10	.	.	PUNCT
taxlaw-2791	147	11	26	26	NUM
taxlaw-2791	147	12	.	.	PUNCT
taxlaw-2791	148	1	to	to	PART
taxlaw-2791	148	2	ensure	ensure	VERB
taxlaw-2791	148	3	partner	partner	NOUN
taxlaw-2791	148	4	status	status	NOUN
taxlaw-2791	148	5	,	,	PUNCT
taxlaw-2791	148	6	gp	gp	NOUN
taxlaw-2791	148	7	would	would	AUX
taxlaw-2791	148	8	typically	typically	ADV
taxlaw-2791	148	9	contribute	contribute	VERB
taxlaw-2791	148	10	capital	capital	NOUN
taxlaw-2791	148	11	(	(	PUNCT
taxlaw-2791	148	12	1	1	NUM
taxlaw-2791	148	13	%	%	NOUN
taxlaw-2791	148	14	)	)	PUNCT
taxlaw-2791	148	15	;	;	PUNCT
taxlaw-2791	148	16	gp	gp	NOUN
taxlaw-2791	148	17	would	would	AUX
taxlaw-2791	148	18	also	also	ADV
taxlaw-2791	148	19	be	be	AUX
taxlaw-2791	148	20	entitled	entitle	VERB
taxlaw-2791	148	21	to	to	ADP
taxlaw-2791	148	22	a	a	DET
taxlaw-2791	148	23	management	management	NOUN
taxlaw-2791	148	24	fee	fee	NOUN
taxlaw-2791	148	25	(	(	PUNCT
taxlaw-2791	148	26	2	2	NUM
taxlaw-2791	148	27	%	%	NOUN
taxlaw-2791	148	28	)	)	PUNCT
taxlaw-2791	148	29	.	.	PUNCT
taxlaw-2791	149	1	if	if	SCONJ
taxlaw-2791	149	2	the	the	DET
taxlaw-2791	149	3	rights	right	NOUN
taxlaw-2791	149	4	of	of	ADP
taxlaw-2791	149	5	gp	gp	NOUN
taxlaw-2791	149	6	’s	’s	PART
taxlaw-2791	149	7	capital	capital	NOUN
taxlaw-2791	149	8	interest	interest	NOUN
taxlaw-2791	149	9	are	be	AUX
taxlaw-2791	149	10	identical	identical	ADJ
taxlaw-2791	149	11	to	to	ADP
taxlaw-2791	149	12	those	those	PRON
taxlaw-2791	149	13	of	of	ADP
taxlaw-2791	149	14	lp	lp	NOUN
taxlaw-2791	149	15	’s	’s	ADV
taxlaw-2791	149	16	,	,	PUNCT
taxlaw-2791	149	17	the	the	DET
taxlaw-2791	149	18	price	price	NOUN
taxlaw-2791	149	19	paid	pay	VERB
taxlaw-2791	149	20	by	by	ADP
taxlaw-2791	149	21	lp	lp	NOUN
taxlaw-2791	149	22	provides	provide	VERB
taxlaw-2791	149	23	a	a	DET
taxlaw-2791	149	24	proxy	proxy	NOUN
taxlaw-2791	149	25	for	for	ADP
taxlaw-2791	149	26	the	the	DET
taxlaw-2791	149	27	fair	fair	ADJ
taxlaw-2791	149	28	market	market	NOUN
taxlaw-2791	149	29	value	value	NOUN
taxlaw-2791	149	30	of	of	ADP
taxlaw-2791	149	31	gp	gp	NOUN
taxlaw-2791	149	32	’s	’s	PART
taxlaw-2791	149	33	capital	capital	NOUN
taxlaw-2791	149	34	interest	interest	NOUN
taxlaw-2791	149	35	.	.	PUNCT
taxlaw-2791	150	1	cf	cf	NOUN
taxlaw-2791	150	2	.	.	PUNCT
taxlaw-2791	151	1	carman	carman	PROPN
taxlaw-2791	151	2	,	,	PUNCT
taxlaw-2791	151	3	supra	supra	PROPN
taxlaw-2791	151	4	note	note	PROPN
taxlaw-2791	151	5	13	13	NUM
taxlaw-2791	151	6	,	,	PUNCT
taxlaw-2791	151	7	at	at	ADP
taxlaw-2791	151	8	124–25	124–25	PROPN
taxlaw-2791	151	9	(	(	PUNCT
taxlaw-2791	151	10	comparing	compare	VERB
taxlaw-2791	151	11	non	non	ADJ
taxlaw-2791	151	12	-	-	ADJ
taxlaw-2791	151	13	u.s	u.s	PROPN
taxlaw-2791	151	14	.	.	PROPN
taxlaw-2791	151	15	solutions	solution	NOUN
taxlaw-2791	151	16	to	to	ADP
taxlaw-2791	151	17	the	the	DET
taxlaw-2791	151	18	carried	carry	VERB
taxlaw-2791	151	19	interest	interest	NOUN
taxlaw-2791	151	20	problem	problem	NOUN
taxlaw-2791	151	21	,	,	PUNCT
taxlaw-2791	151	22	including	include	VERB
taxlaw-2791	151	23	allowing	allow	VERB
taxlaw-2791	151	24	non	non	ADJ
taxlaw-2791	151	25	-	-	ADJ
taxlaw-2791	151	26	service	service	ADJ
taxlaw-2791	151	27	partners	partner	NOUN
taxlaw-2791	151	28	to	to	PART
taxlaw-2791	151	29	invest	invest	VERB
taxlaw-2791	151	30	in	in	ADP
taxlaw-2791	151	31	carried	carry	VERB
taxlaw-2791	151	32	interest	interest	NOUN
taxlaw-2791	151	33	units	unit	NOUN
taxlaw-2791	151	34	)	)	PUNCT
taxlaw-2791	151	35	.	.	PUNCT
taxlaw-2791	152	1	27	27	NUM
taxlaw-2791	152	2	.	.	PUNCT
taxlaw-2791	153	1	see	see	VERB
taxlaw-2791	153	2	andrew	andrew	PROPN
taxlaw-2791	153	3	w.	w.	PROPN
taxlaw-2791	153	4	needham	needham	PROPN
taxlaw-2791	153	5	&	&	CCONJ
taxlaw-2791	153	6	anita	anita	PROPN
taxlaw-2791	153	7	beth	beth	PROPN
taxlaw-2791	153	8	adams	adams	PROPN
taxlaw-2791	153	9	,	,	PUNCT
taxlaw-2791	153	10	private	private	ADJ
taxlaw-2791	153	11	equity	equity	NOUN
taxlaw-2791	153	12	funds	fund	NOUN
taxlaw-2791	153	13	,	,	PUNCT
taxlaw-2791	153	14	735	735	NUM
taxlaw-2791	153	15	b.n.a	b.n.a	NOUN
taxlaw-2791	153	16	.	.	PUNCT
taxlaw-2791	153	17	tax	tax	NOUN
taxlaw-2791	153	18	mgmt	mgmt	PROPN
taxlaw-2791	153	19	.	.	PUNCT
taxlaw-2791	154	1	portfolio	portfolio	PROPN
taxlaw-2791	154	2	a-8	a-8	PROPN
taxlaw-2791	154	3	to	to	ADP
taxlaw-2791	154	4	a-9	a-9	PROPN
taxlaw-2791	154	5	(	(	PUNCT
taxlaw-2791	154	6	2005	2005	NUM
taxlaw-2791	154	7	)	)	PUNCT
taxlaw-2791	154	8	(	(	PUNCT
taxlaw-2791	154	9	describing	describe	VERB
taxlaw-2791	154	10	“	"	PUNCT
taxlaw-2791	154	11	realized	realize	VERB
taxlaw-2791	154	12	aggregation	aggregation	NOUN
taxlaw-2791	154	13	”	"	PUNCT
taxlaw-2791	154	14	method	method	NOUN
taxlaw-2791	154	15	)	)	PUNCT
taxlaw-2791	154	16	.	.	PUNCT
taxlaw-2791	155	1	other	other	ADJ
taxlaw-2791	155	2	approaches	approach	NOUN
taxlaw-2791	155	3	to	to	ADP
taxlaw-2791	155	4	the	the	DET
taxlaw-2791	155	5	timing	timing	NOUN
taxlaw-2791	155	6	of	of	ADP
taxlaw-2791	155	7	distributions	distribution	NOUN
taxlaw-2791	155	8	may	may	AUX
taxlaw-2791	155	9	be	be	AUX
taxlaw-2791	155	10	more	more	ADV
taxlaw-2791	155	11	or	or	CCONJ
taxlaw-2791	155	12	less	less	ADV
taxlaw-2791	155	13	favorable	favorable	ADJ
taxlaw-2791	155	14	to	to	PART
taxlaw-2791	155	15	gp	gp	VERB
taxlaw-2791	155	16	.	.	PUNCT
taxlaw-2791	156	1	see	see	VERB
taxlaw-2791	156	2	jack	jack	PROPN
taxlaw-2791	156	3	s.	s.	PROPN
taxlaw-2791	156	4	levin	levin	PROPN
taxlaw-2791	156	5	,	,	PUNCT
taxlaw-2791	156	6	structuring	structure	VERB
taxlaw-2791	156	7	venture	venture	NOUN
taxlaw-2791	156	8	capital	capital	NOUN
taxlaw-2791	156	9	,	,	PUNCT
taxlaw-2791	156	10	private	private	ADJ
taxlaw-2791	156	11	equity	equity	NOUN
taxlaw-2791	156	12	,	,	PUNCT
taxlaw-2791	156	13	and	and	CCONJ
taxlaw-2791	156	14	entrepreneurial	entrepreneurial	ADJ
taxlaw-2791	156	15	transactions	transaction	NOUN
taxlaw-2791	156	16	¶	¶	X
taxlaw-2791	156	17	1003	1003	NUM
taxlaw-2791	156	18	(	(	PUNCT
taxlaw-2791	156	19	2008	2008	NUM
taxlaw-2791	156	20	)	)	PUNCT
taxlaw-2791	156	21	.	.	PUNCT
taxlaw-2791	157	1	28	28	NUM
taxlaw-2791	157	2	.	.	PUNCT
taxlaw-2791	158	1	the	the	DET
taxlaw-2791	158	2	clawback	clawback	NOUN
taxlaw-2791	158	3	obligation	obligation	NOUN
taxlaw-2791	158	4	is	be	AUX
taxlaw-2791	158	5	a	a	DET
taxlaw-2791	158	6	contingent	contingent	ADJ
taxlaw-2791	158	7	recourse	recourse	NOUN
taxlaw-2791	158	8	obligation	obligation	NOUN
taxlaw-2791	158	9	to	to	PART
taxlaw-2791	158	10	repay	repay	VERB
taxlaw-2791	158	11	all	all	PRON
taxlaw-2791	158	12	or	or	CCONJ
taxlaw-2791	158	13	a	a	DET
taxlaw-2791	158	14	portion	portion	NOUN
taxlaw-2791	158	15	of	of	ADP
taxlaw-2791	158	16	distributions	distribution	NOUN
taxlaw-2791	158	17	received	receive	VERB
taxlaw-2791	158	18	prior	prior	ADV
taxlaw-2791	158	19	to	to	ADP
taxlaw-2791	158	20	liquidation	liquidation	NOUN
taxlaw-2791	158	21	so	so	SCONJ
taxlaw-2791	158	22	that	that	SCONJ
taxlaw-2791	158	23	gp	gp	NOUN
taxlaw-2791	158	24	’s	’s	PART
taxlaw-2791	158	25	cumulative	cumulative	ADJ
taxlaw-2791	158	26	distributions	distribution	NOUN
taxlaw-2791	158	27	coincide	coincide	VERB
taxlaw-2791	158	28	with	with	ADP
taxlaw-2791	158	29	the	the	DET
taxlaw-2791	158	30	profit	profit	NOUN
taxlaw-2791	158	31	-	-	PUNCT
taxlaw-2791	158	32	sharing	share	VERB
taxlaw-2791	158	33	formula	formula	NOUN
taxlaw-2791	158	34	.	.	PUNCT
taxlaw-2791	159	1	see	see	VERB
taxlaw-2791	159	2	james	james	PROPN
taxlaw-2791	159	3	m.	m.	PROPN
taxlaw-2791	159	4	schell	schell	PROPN
taxlaw-2791	159	5	,	,	PUNCT
taxlaw-2791	159	6	private	private	ADJ
taxlaw-2791	159	7	equity	equity	NOUN
taxlaw-2791	159	8	funds	fund	NOUN
taxlaw-2791	159	9	:	:	PUNCT
taxlaw-2791	159	10	business	business	NOUN
taxlaw-2791	159	11	structure	structure	NOUN
taxlaw-2791	159	12	and	and	CCONJ
taxlaw-2791	159	13	operations	operation	NOUN
taxlaw-2791	159	14	1	1	NUM
taxlaw-2791	159	15	-	-	SYM
taxlaw-2791	159	16	9	9	NUM
taxlaw-2791	159	17	(	(	PUNCT
taxlaw-2791	159	18	1999	1999	NUM
taxlaw-2791	159	19	)	)	PUNCT
taxlaw-2791	159	20	.	.	PUNCT
taxlaw-2791	160	1	if	if	SCONJ
taxlaw-2791	160	2	gp	gp	NOUN
taxlaw-2791	160	3	is	be	AUX
taxlaw-2791	160	4	organized	organize	VERB
taxlaw-2791	160	5	as	as	ADP
taxlaw-2791	160	6	a	a	DET
taxlaw-2791	160	7	limited	limited	ADJ
taxlaw-2791	160	8	liability	liability	NOUN
taxlaw-2791	160	9	entity	entity	NOUN
taxlaw-2791	160	10	,	,	PUNCT
taxlaw-2791	160	11	lp	lp	PROPN
taxlaw-2791	160	12	may	may	AUX
taxlaw-2791	160	13	insist	insist	VERB
taxlaw-2791	160	14	on	on	ADP
taxlaw-2791	160	15	guarantees	guarantee	NOUN
taxlaw-2791	160	16	to	to	PART
taxlaw-2791	160	17	ensure	ensure	VERB
taxlaw-2791	160	18	that	that	SCONJ
taxlaw-2791	160	19	the	the	DET
taxlaw-2791	160	20	contractual	contractual	ADJ
taxlaw-2791	160	21	obligation	obligation	NOUN
taxlaw-2791	160	22	is	be	AUX
taxlaw-2791	160	23	satisfied	satisfied	ADJ
taxlaw-2791	160	24	.	.	PUNCT
taxlaw-2791	161	1	see	see	VERB
taxlaw-2791	161	2	i	i	PRON
taxlaw-2791	161	3	d.	d.	PROPN
taxlaw-2791	161	4	at	at	ADP
taxlaw-2791	161	5	2	2	NUM
taxlaw-2791	161	6	-	-	SYM
taxlaw-2791	161	7	26	26	NUM
taxlaw-2791	161	8	.	.	PUNCT
taxlaw-2791	162	1	2010	2010	NUM
taxlaw-2791	162	2	]	]	PUNCT
taxlaw-2791	162	3	the	the	DET
taxlaw-2791	162	4	sou	sou	PROPN
taxlaw-2791	162	5	�	�	PROPN
taxlaw-2791	162	6	d	d	PROPN
taxlaw-2791	162	7	a	a	DET
taxlaw-2791	162	8	�	�	PROPN
taxlaw-2791	162	9	d	d	NOUN
taxlaw-2791	162	10	fury	fury	NOUN
taxlaw-2791	162	11	of	of	ADP
taxlaw-2791	162	12	carried	carry	VERB
taxlaw-2791	162	13	i	i	PRON
taxlaw-2791	162	14	�	�	VERB
taxlaw-2791	162	15	terest	ter	ADJ
taxlaw-2791	162	16	reform	reform	NOUN
taxlaw-2791	162	17	9	9	NUM
taxlaw-2791	162	18	b	b	NOUN
taxlaw-2791	162	19	for	for	ADP
taxlaw-2791	162	20	$	$	SYM
taxlaw-2791	162	21	8	8	NUM
taxlaw-2791	162	22	million	million	NUM
taxlaw-2791	162	23	;	;	PUNCT
taxlaw-2791	162	24	and	and	CCONJ
taxlaw-2791	162	25	at	at	ADP
taxlaw-2791	162	26	the	the	DET
taxlaw-2791	162	27	end	end	NOUN
taxlaw-2791	162	28	of	of	ADP
taxlaw-2791	162	29	year	year	NOUN
taxlaw-2791	162	30	4	4	NUM
taxlaw-2791	162	31	,	,	PUNCT
taxlaw-2791	162	32	p	p	NOUN
taxlaw-2791	162	33	sells	sell	VERB
taxlaw-2791	162	34	c	c	NOUN
taxlaw-2791	162	35	for	for	ADP
taxlaw-2791	162	36	$	$	SYM
taxlaw-2791	162	37	12	12	NUM
taxlaw-2791	162	38	million	million	NUM
taxlaw-2791	162	39	.	.	PUNCT
taxlaw-2791	163	1	finally	finally	ADV
taxlaw-2791	163	2	,	,	PUNCT
taxlaw-2791	163	3	at	at	ADP
taxlaw-2791	163	4	the	the	DET
taxlaw-2791	163	5	beginning	beginning	NOUN
taxlaw-2791	163	6	of	of	ADP
taxlaw-2791	163	7	year	year	NOUN
taxlaw-2791	163	8	5	5	NUM
taxlaw-2791	163	9	,	,	PUNCT
taxlaw-2791	163	10	p	p	NOUN
taxlaw-2791	163	11	sells	sell	VERB
taxlaw-2791	163	12	d	d	NOUN
taxlaw-2791	163	13	for	for	ADP
taxlaw-2791	163	14	$	$	SYM
taxlaw-2791	163	15	10	10	NUM
taxlaw-2791	163	16	million	million	NUM
taxlaw-2791	163	17	and	and	CCONJ
taxlaw-2791	163	18	liquidates	liquidate	NOUN
taxlaw-2791	163	19	.	.	PUNCT
taxlaw-2791	164	1	at	at	ADP
taxlaw-2791	164	2	the	the	DET
taxlaw-2791	164	3	end	end	NOUN
taxlaw-2791	164	4	of	of	ADP
taxlaw-2791	164	5	year	year	NOUN
taxlaw-2791	164	6	2	2	NUM
taxlaw-2791	164	7	,	,	PUNCT
taxlaw-2791	164	8	p	p	NOUN
taxlaw-2791	164	9	realizes	realize	VERB
taxlaw-2791	164	10	gain	gain	NOUN
taxlaw-2791	164	11	of	of	ADP
taxlaw-2791	164	12	$	$	SYM
taxlaw-2791	164	13	5	5	NUM
taxlaw-2791	164	14	million	million	NUM
taxlaw-2791	164	15	on	on	ADP
taxlaw-2791	164	16	sale	sale	NOUN
taxlaw-2791	164	17	of	of	ADP
taxlaw-2791	164	18	a	a	DET
taxlaw-2791	164	19	(	(	PUNCT
taxlaw-2791	164	20	$	$	SYM
taxlaw-2791	164	21	15	15	NUM
taxlaw-2791	164	22	million	million	NUM
taxlaw-2791	164	23	less	less	ADJ
taxlaw-2791	164	24	$	$	SYM
taxlaw-2791	164	25	10	10	NUM
taxlaw-2791	164	26	million	million	NUM
taxlaw-2791	164	27	basis	basis	NOUN
taxlaw-2791	164	28	)	)	PUNCT
taxlaw-2791	164	29	.	.	PUNCT
taxlaw-2791	165	1	to	to	PART
taxlaw-2791	165	2	recoup	recoup	VERB
taxlaw-2791	165	3	lp	lp	NOUN
taxlaw-2791	165	4	’s	’s	PART
taxlaw-2791	165	5	investment	investment	NOUN
taxlaw-2791	165	6	in	in	ADP
taxlaw-2791	165	7	a	a	PRON
taxlaw-2791	165	8	,	,	PUNCT
taxlaw-2791	165	9	p	p	PROPN
taxlaw-2791	165	10	distributes	distribute	VERB
taxlaw-2791	165	11	the	the	DET
taxlaw-2791	165	12	first	first	ADJ
taxlaw-2791	165	13	$	$	SYM
taxlaw-2791	165	14	10	10	NUM
taxlaw-2791	165	15	million	million	NUM
taxlaw-2791	165	16	of	of	ADP
taxlaw-2791	165	17	sales	sale	NOUN
taxlaw-2791	165	18	proceeds	proceed	NOUN
taxlaw-2791	165	19	to	to	ADP
taxlaw-2791	165	20	lp	lp	NOUN
taxlaw-2791	165	21	;	;	PUNCT
taxlaw-2791	165	22	the	the	DET
taxlaw-2791	165	23	remaining	remain	VERB
taxlaw-2791	165	24	$	$	SYM
taxlaw-2791	165	25	5	5	NUM
taxlaw-2791	165	26	million	million	NUM
taxlaw-2791	165	27	is	be	AUX
taxlaw-2791	165	28	distributed	distribute	VERB
taxlaw-2791	165	29	$	$	SYM
taxlaw-2791	165	30	4	4	NUM
taxlaw-2791	165	31	million	million	NUM
taxlaw-2791	165	32	to	to	PART
taxlaw-2791	165	33	lp	lp	NOUN
taxlaw-2791	165	34	and	and	CCONJ
taxlaw-2791	165	35	$	$	SYM
taxlaw-2791	165	36	1	1	NUM
taxlaw-2791	165	37	million	million	NUM
taxlaw-2791	165	38	to	to	PART
taxlaw-2791	165	39	gp	gp	VERB
taxlaw-2791	165	40	(	(	PUNCT
taxlaw-2791	165	41	in	in	ADP
taxlaw-2791	165	42	the	the	DET
taxlaw-2791	165	43	same	same	ADJ
taxlaw-2791	165	44	manner	manner	NOUN
taxlaw-2791	165	45	as	as	SCONJ
taxlaw-2791	165	46	the	the	DET
taxlaw-2791	165	47	realized	realize	VERB
taxlaw-2791	165	48	gain	gain	NOUN
taxlaw-2791	165	49	of	of	ADP
taxlaw-2791	165	50	$	$	SYM
taxlaw-2791	165	51	5	5	NUM
taxlaw-2791	165	52	million	million	NUM
taxlaw-2791	165	53	is	be	AUX
taxlaw-2791	165	54	allocated	allocate	VERB
taxlaw-2791	165	55	)	)	PUNCT
taxlaw-2791	165	56	.	.	PUNCT
taxlaw-2791	166	1	even	even	ADV
taxlaw-2791	166	2	though	though	SCONJ
taxlaw-2791	166	3	gp	gp	NOUN
taxlaw-2791	166	4	receives	receive	VERB
taxlaw-2791	166	5	a	a	DET
taxlaw-2791	166	6	distribution	distribution	NOUN
taxlaw-2791	166	7	of	of	ADP
taxlaw-2791	166	8	$	$	SYM
taxlaw-2791	166	9	1	1	NUM
taxlaw-2791	166	10	million	million	NUM
taxlaw-2791	166	11	at	at	ADP
taxlaw-2791	166	12	the	the	DET
taxlaw-2791	166	13	end	end	NOUN
taxlaw-2791	166	14	of	of	ADP
taxlaw-2791	166	15	year	year	NOUN
taxlaw-2791	166	16	2	2	NUM
taxlaw-2791	166	17	,	,	PUNCT
taxlaw-2791	166	18	gp	gp	NOUN
taxlaw-2791	166	19	’s	’s	NOUN
taxlaw-2791	166	20	carry	carry	NOUN
taxlaw-2791	166	21	is	be	AUX
taxlaw-2791	166	22	not	not	PART
taxlaw-2791	166	23	“	"	PUNCT
taxlaw-2791	166	24	earned	earn	VERB
taxlaw-2791	166	25	”	"	PUNCT
taxlaw-2791	166	26	until	until	SCONJ
taxlaw-2791	166	27	lp	lp	PROPN
taxlaw-2791	166	28	’s	’s	PART
taxlaw-2791	166	29	aggregate	aggregate	ADJ
taxlaw-2791	166	30	invested	invest	VERB
taxlaw-2791	166	31	capital	capital	NOUN
taxlaw-2791	166	32	is	be	AUX
taxlaw-2791	166	33	fully	fully	ADV
taxlaw-2791	166	34	returned.29	returned.29	NOUN
taxlaw-2791	166	35	prior	prior	ADV
taxlaw-2791	166	36	to	to	ADP
taxlaw-2791	166	37	liquidation	liquidation	NOUN
taxlaw-2791	166	38	,	,	PUNCT
taxlaw-2791	166	39	the	the	DET
taxlaw-2791	166	40	partnership	partnership	NOUN
taxlaw-2791	166	41	recognizes	recognize	VERB
taxlaw-2791	166	42	net	net	ADJ
taxlaw-2791	166	43	gain	gain	NOUN
taxlaw-2791	166	44	of	of	ADP
taxlaw-2791	166	45	$	$	SYM
taxlaw-2791	166	46	5	5	NUM
taxlaw-2791	166	47	million	million	NUM
taxlaw-2791	166	48	(	(	PUNCT
taxlaw-2791	166	49	$	$	SYM
taxlaw-2791	166	50	5	5	NUM
taxlaw-2791	166	51	million	million	NUM
taxlaw-2791	166	52	gain	gain	NOUN
taxlaw-2791	166	53	on	on	ADP
taxlaw-2791	166	54	a	a	DET
taxlaw-2791	166	55	less	less	ADV
taxlaw-2791	166	56	$	$	SYM
taxlaw-2791	166	57	2	2	NUM
taxlaw-2791	166	58	million	million	NUM
taxlaw-2791	166	59	loss	loss	NOUN
taxlaw-2791	166	60	on	on	ADP
taxlaw-2791	166	61	b	b	NOUN
taxlaw-2791	166	62	plus	plus	CCONJ
taxlaw-2791	166	63	$	$	SYM
taxlaw-2791	166	64	2	2	NUM
taxlaw-2791	166	65	million	million	NUM
taxlaw-2791	166	66	gain	gain	NOUN
taxlaw-2791	166	67	on	on	ADP
taxlaw-2791	166	68	c	c	NOUN
taxlaw-2791	166	69	and	and	CCONJ
taxlaw-2791	166	70	zero	zero	NUM
taxlaw-2791	166	71	gain	gain	NOUN
taxlaw-2791	166	72	on	on	ADP
taxlaw-2791	166	73	d	d	PROPN
taxlaw-2791	166	74	)	)	PUNCT
taxlaw-2791	166	75	.	.	PUNCT
taxlaw-2791	167	1	overall	overall	ADV
taxlaw-2791	167	2	,	,	PUNCT
taxlaw-2791	167	3	gp	gp	NOUN
taxlaw-2791	167	4	receives	receive	VERB
taxlaw-2791	167	5	$	$	SYM
taxlaw-2791	167	6	1	1	NUM
taxlaw-2791	167	7	million	million	NUM
taxlaw-2791	167	8	(	(	PUNCT
taxlaw-2791	167	9	the	the	DET
taxlaw-2791	167	10	earned	earn	VERB
taxlaw-2791	167	11	carry	carry	NOUN
taxlaw-2791	167	12	)	)	PUNCT
taxlaw-2791	167	13	and	and	CCONJ
taxlaw-2791	167	14	lp	lp	NOUN
taxlaw-2791	167	15	receives	receive	VERB
taxlaw-2791	167	16	$	$	SYM
taxlaw-2791	167	17	44	44	NUM
taxlaw-2791	167	18	million	million	NUM
taxlaw-2791	167	19	(	(	PUNCT
taxlaw-2791	167	20	$	$	SYM
taxlaw-2791	167	21	40	40	NUM
taxlaw-2791	167	22	million	million	NUM
taxlaw-2791	167	23	plus	plus	CCONJ
taxlaw-2791	167	24	80	80	NUM
taxlaw-2791	167	25	%	%	NOUN
taxlaw-2791	167	26	of	of	ADP
taxlaw-2791	167	27	the	the	DET
taxlaw-2791	167	28	$	$	SYM
taxlaw-2791	167	29	5	5	NUM
taxlaw-2791	167	30	million	million	NUM
taxlaw-2791	167	31	net	net	ADJ
taxlaw-2791	167	32	gain	gain	NOUN
taxlaw-2791	167	33	)	)	PUNCT
taxlaw-2791	167	34	.	.	PUNCT
taxlaw-2791	168	1	in	in	ADP
taxlaw-2791	168	2	economic	economic	ADJ
taxlaw-2791	168	3	terms	term	NOUN
taxlaw-2791	168	4	,	,	PUNCT
taxlaw-2791	168	5	gp	gp	NOUN
taxlaw-2791	168	6	’s	’s	PART
taxlaw-2791	168	7	profits	profit	NOUN
taxlaw-2791	168	8	interest	interest	NOUN
taxlaw-2791	168	9	is	be	AUX
taxlaw-2791	168	10	indistinguishable	indistinguishable	ADJ
taxlaw-2791	168	11	from	from	ADP
taxlaw-2791	168	12	an	an	DET
taxlaw-2791	168	13	option	option	NOUN
taxlaw-2791	168	14	,	,	PUNCT
taxlaw-2791	168	15	i.e.	i.e.	X
taxlaw-2791	168	16	,	,	PUNCT
taxlaw-2791	168	17	the	the	DET
taxlaw-2791	168	18	ability	ability	NOUN
taxlaw-2791	168	19	to	to	PART
taxlaw-2791	168	20	benefit	benefit	VERB
taxlaw-2791	168	21	from	from	ADP
taxlaw-2791	168	22	an	an	DET
taxlaw-2791	168	23	increase	increase	NOUN
taxlaw-2791	168	24	in	in	ADP
taxlaw-2791	168	25	appreciation	appreciation	NOUN
taxlaw-2791	168	26	without	without	ADP
taxlaw-2791	168	27	risking	risk	VERB
taxlaw-2791	168	28	capital.30	capital.30	NOUN
taxlaw-2791	168	29	if	if	SCONJ
taxlaw-2791	168	30	gp	gp	NOUN
taxlaw-2791	168	31	had	have	VERB
taxlaw-2791	168	32	an	an	DET
taxlaw-2791	168	33	option	option	NOUN
taxlaw-2791	168	34	on	on	ADP
taxlaw-2791	168	35	20	20	NUM
taxlaw-2791	168	36	%	%	NOUN
taxlaw-2791	168	37	of	of	ADP
taxlaw-2791	168	38	the	the	DET
taxlaw-2791	168	39	net	net	ADJ
taxlaw-2791	168	40	increase	increase	NOUN
taxlaw-2791	168	41	in	in	ADP
taxlaw-2791	168	42	the	the	DET
taxlaw-2791	168	43	value	value	NOUN
taxlaw-2791	168	44	of	of	ADP
taxlaw-2791	168	45	p	p	NOUN
taxlaw-2791	168	46	(	(	PUNCT
taxlaw-2791	168	47	$	$	SYM
taxlaw-2791	168	48	5	5	NUM
taxlaw-2791	168	49	million	million	NUM
taxlaw-2791	168	50	)	)	PUNCT
taxlaw-2791	168	51	,	,	PUNCT
taxlaw-2791	168	52	gp	gp	NOUN
taxlaw-2791	168	53	would	would	AUX
taxlaw-2791	168	54	recognize	recognize	VERB
taxlaw-2791	168	55	$	$	SYM
taxlaw-2791	168	56	1	1	NUM
taxlaw-2791	168	57	million	million	NUM
taxlaw-2791	168	58	of	of	ADP
taxlaw-2791	168	59	ordinary	ordinary	ADJ
taxlaw-2791	168	60	income	income	NOUN
taxlaw-2791	168	61	upon	upon	SCONJ
taxlaw-2791	168	62	exercise	exercise	NOUN
taxlaw-2791	168	63	of	of	ADP
taxlaw-2791	168	64	the	the	DET
taxlaw-2791	168	65	option	option	NOUN
taxlaw-2791	168	66	;	;	PUNCT
taxlaw-2791	168	67	the	the	DET
taxlaw-2791	168	68	tax	tax	NOUN
taxlaw-2791	168	69	would	would	AUX
taxlaw-2791	168	70	be	be	AUX
taxlaw-2791	168	71	deferred	defer	VERB
taxlaw-2791	168	72	from	from	ADP
taxlaw-2791	168	73	grant	grant	NOUN
taxlaw-2791	168	74	until	until	ADP
taxlaw-2791	168	75	exercise	exercise	NOUN
taxlaw-2791	168	76	of	of	ADP
taxlaw-2791	168	77	the	the	DET
taxlaw-2791	168	78	option	option	NOUN
taxlaw-2791	168	79	;	;	PUNCT
taxlaw-2791	168	80	all	all	PRON
taxlaw-2791	168	81	of	of	ADP
taxlaw-2791	168	82	the	the	DET
taxlaw-2791	168	83	partnership	partnership	NOUN
taxlaw-2791	168	84	’s	’s	PART
taxlaw-2791	168	85	capital	capital	NOUN
taxlaw-2791	168	86	gain	gain	NOUN
taxlaw-2791	168	87	would	would	AUX
taxlaw-2791	168	88	be	be	AUX
taxlaw-2791	168	89	taxed	tax	VERB
taxlaw-2791	168	90	to	to	ADP
taxlaw-2791	168	91	lp	lp	NOUN
taxlaw-2791	168	92	,	,	PUNCT
taxlaw-2791	168	93	and	and	CCONJ
taxlaw-2791	168	94	p	p	NOUN
taxlaw-2791	168	95	would	would	AUX
taxlaw-2791	168	96	be	be	AUX
taxlaw-2791	168	97	treated	treat	VERB
taxlaw-2791	168	98	as	as	ADP
taxlaw-2791	168	99	paying	pay	VERB
taxlaw-2791	168	100	over	over	ADP
taxlaw-2791	168	101	compensation	compensation	NOUN
taxlaw-2791	168	102	of	of	ADP
taxlaw-2791	168	103	$	$	SYM
taxlaw-2791	168	104	1	1	NUM
taxlaw-2791	168	105	million	million	NUM
taxlaw-2791	168	106	to	to	PART
taxlaw-2791	168	107	gp	gp	VERB
taxlaw-2791	168	108	on	on	ADP
taxlaw-2791	168	109	exercise	exercise	NOUN
taxlaw-2791	168	110	of	of	ADP
taxlaw-2791	168	111	the	the	DET
taxlaw-2791	168	112	option	option	NOUN
taxlaw-2791	168	113	,	,	PUNCT
taxlaw-2791	168	114	with	with	SCONJ
taxlaw-2791	168	115	a	a	DET
taxlaw-2791	168	116	corresponding	correspond	VERB
taxlaw-2791	168	117	deduction	deduction	NOUN
taxlaw-2791	168	118	(	(	PUNCT
taxlaw-2791	168	119	or	or	CCONJ
taxlaw-2791	168	120	capitalized	capitalize	VERB
taxlaw-2791	168	121	expense).31	expense).31	PROPN
taxlaw-2791	168	122	under	under	ADP
taxlaw-2791	168	123	the	the	DET
taxlaw-2791	168	124	profits	profit	NOUN
taxlaw-2791	168	125	alternative	alternative	NOUN
taxlaw-2791	168	126	,	,	PUNCT
taxlaw-2791	168	127	gp	gp	NOUN
taxlaw-2791	168	128	’s	’s	NOUN
taxlaw-2791	168	129	carry	carry	NOUN
taxlaw-2791	168	130	of	of	ADP
taxlaw-2791	168	131	$	$	SYM
taxlaw-2791	168	132	1	1	NUM
taxlaw-2791	168	133	million	million	NUM
taxlaw-2791	168	134	is	be	AUX
taxlaw-2791	168	135	instead	instead	ADV
taxlaw-2791	168	136	taxed	tax	VERB
taxlaw-2791	168	137	entirely	entirely	ADV
taxlaw-2791	168	138	as	as	ADP
taxlaw-2791	168	139	long	long	ADJ
taxlaw-2791	168	140	-	-	PUNCT
taxlaw-2791	168	141	term	term	NOUN
taxlaw-2791	168	142	capital	capital	NOUN
taxlaw-2791	168	143	gain	gain	NOUN
taxlaw-2791	168	144	,	,	PUNCT
taxlaw-2791	168	145	saving	save	VERB
taxlaw-2791	168	146	gp	gp	NOUN
taxlaw-2791	168	147	the	the	DET
taxlaw-2791	168	148	difference	difference	NOUN
taxlaw-2791	168	149	between	between	ADP
taxlaw-2791	168	150	the	the	DET
taxlaw-2791	168	151	capital	capital	NOUN
taxlaw-2791	168	152	gain	gain	NOUN
taxlaw-2791	168	153	rate	rate	NOUN
taxlaw-2791	168	154	and	and	CCONJ
taxlaw-2791	168	155	the	the	DET
taxlaw-2791	168	156	ordinary	ordinary	ADJ
taxlaw-2791	168	157	income	income	NOUN
taxlaw-2791	168	158	rate	rate	NOUN
taxlaw-2791	168	159	.	.	PUNCT
taxlaw-2791	169	1	by	by	ADP
taxlaw-2791	169	2	comparison	comparison	NOUN
taxlaw-2791	169	3	to	to	ADP
taxlaw-2791	169	4	an	an	DET
taxlaw-2791	169	5	economically	economically	ADV
taxlaw-2791	169	6	equivalent	equivalent	ADJ
taxlaw-2791	169	7	option	option	NOUN
taxlaw-2791	169	8	,	,	PUNCT
taxlaw-2791	169	9	profits	profit	NOUN
taxlaw-2791	169	10	treatment	treatment	NOUN
taxlaw-2791	169	11	accelerates	accelerate	VERB
taxlaw-2791	169	12	taxation	taxation	NOUN
taxlaw-2791	169	13	of	of	ADP
taxlaw-2791	169	14	gp	gp	NOUN
taxlaw-2791	169	15	,	,	PUNCT
taxlaw-2791	169	16	since	since	SCONJ
taxlaw-2791	169	17	gp	gp	NOUN
taxlaw-2791	169	18	is	be	AUX
taxlaw-2791	169	19	taxed	tax	VERB
taxlaw-2791	169	20	when	when	SCONJ
taxlaw-2791	169	21	partnership	partnership	NOUN
taxlaw-2791	169	22	income	income	NOUN
taxlaw-2791	169	23	is	be	AUX
taxlaw-2791	169	24	allocated	allocate	VERB
taxlaw-2791	169	25	to	to	ADP
taxlaw-2791	169	26	him	he	PRON
taxlaw-2791	169	27	(	(	PUNCT
taxlaw-2791	169	28	whether	whether	SCONJ
taxlaw-2791	169	29	or	or	CCONJ
taxlaw-2791	169	30	not	not	PART
taxlaw-2791	169	31	distributed	distribute	VERB
taxlaw-2791	169	32	)	)	PUNCT
taxlaw-2791	169	33	.	.	PUNCT
taxlaw-2791	170	1	despite	despite	SCONJ
taxlaw-2791	170	2	acceleration	acceleration	NOUN
taxlaw-2791	170	3	of	of	ADP
taxlaw-2791	170	4	the	the	DET
taxlaw-2791	170	5	tax	tax	NOUN
taxlaw-2791	170	6	,	,	PUNCT
taxlaw-2791	170	7	profits	profit	NOUN
taxlaw-2791	170	8	treatment	treatment	NOUN
taxlaw-2791	170	9	produces	produce	VERB
taxlaw-2791	170	10	a	a	DET
taxlaw-2791	170	11	more	more	ADV
taxlaw-2791	170	12	favorable	favorable	ADJ
taxlaw-2791	170	13	tax	tax	NOUN
taxlaw-2791	170	14	result	result	NOUN
taxlaw-2791	170	15	overall	overall	ADV
taxlaw-2791	170	16	because	because	SCONJ
taxlaw-2791	170	17	it	it	PRON
taxlaw-2791	170	18	allows	allow	VERB
taxlaw-2791	170	19	gp	gp	NOUN
taxlaw-2791	170	20	to	to	PART
taxlaw-2791	170	21	convert	convert	VERB
taxlaw-2791	170	22	ordinary	ordinary	ADJ
taxlaw-2791	170	23	income	income	NOUN
taxlaw-2791	170	24	into	into	ADP
taxlaw-2791	170	25	capital	capital	NOUN
taxlaw-2791	170	26	gain	gain	NOUN
taxlaw-2791	170	27	.	.	PUNCT
taxlaw-2791	171	1	moreover	moreover	ADV
taxlaw-2791	171	2	,	,	PUNCT
taxlaw-2791	171	3	profits	profit	NOUN
taxlaw-2791	171	4	treatment	treatment	NOUN
taxlaw-2791	171	5	permits	permit	VERB
taxlaw-2791	171	6	gp	gp	NOUN
taxlaw-2791	171	7	to	to	PART
taxlaw-2791	171	8	extract	extract	VERB
taxlaw-2791	171	9	early	early	ADJ
taxlaw-2791	171	10	cash	cash	NOUN
taxlaw-2791	171	11	distributions	distribution	NOUN
taxlaw-2791	171	12	tax	tax	NOUN
taxlaw-2791	171	13	free	free	ADJ
taxlaw-2791	171	14	that	that	PRON
taxlaw-2791	171	15	may	may	AUX
taxlaw-2791	171	16	nevertheless	nevertheless	ADV
taxlaw-2791	171	17	need	need	VERB
taxlaw-2791	171	18	to	to	PART
taxlaw-2791	171	19	be	be	AUX
taxlaw-2791	171	20	repaid	repay	VERB
taxlaw-2791	171	21	later	later	ADV
taxlaw-2791	171	22	.	.	PUNCT
taxlaw-2791	172	1	despite	despite	SCONJ
taxlaw-2791	172	2	the	the	DET
taxlaw-2791	172	3	economic	economic	ADJ
taxlaw-2791	172	4	resemblance	resemblance	NOUN
taxlaw-2791	172	5	of	of	ADP
taxlaw-2791	172	6	a	a	DET
taxlaw-2791	172	7	profits	profit	NOUN
taxlaw-2791	172	8	interest	interest	NOUN
taxlaw-2791	172	9	to	to	ADP
taxlaw-2791	172	10	an	an	DET
taxlaw-2791	172	11	option	option	NOUN
taxlaw-2791	172	12	,	,	PUNCT
taxlaw-2791	172	13	the	the	DET
taxlaw-2791	172	14	internal	internal	ADJ
taxlaw-2791	172	15	revenue	revenue	NOUN
taxlaw-2791	172	16	service	service	NOUN
taxlaw-2791	172	17	(	(	PUNCT
taxlaw-2791	172	18	“	"	PUNCT
taxlaw-2791	172	19	service	service	NOUN
taxlaw-2791	172	20	”	"	PUNCT
taxlaw-2791	172	21	)	)	PUNCT
taxlaw-2791	172	22	will	will	AUX
taxlaw-2791	172	23	generally	generally	ADV
taxlaw-2791	172	24	respect	respect	VERB
taxlaw-2791	172	25	the	the	DET
taxlaw-2791	172	26	partner	partner	NOUN
taxlaw-2791	172	27	status	status	NOUN
taxlaw-2791	172	28	of	of	ADP
taxlaw-2791	172	29	a	a	DET
taxlaw-2791	172	30	service	service	NOUN
taxlaw-2791	172	31	provider	provider	NOUN
taxlaw-2791	172	32	who	who	PRON
taxlaw-2791	172	33	receives	receive	VERB
taxlaw-2791	172	34	a	a	DET
taxlaw-2791	172	35	profits	profit	NOUN
taxlaw-2791	172	36	interest	interest	NOUN
taxlaw-2791	172	37	falling	fall	VERB
taxlaw-2791	172	38	within	within	ADP
taxlaw-2791	172	39	the	the	DET
taxlaw-2791	172	40	29	29	NUM
taxlaw-2791	172	41	.	.	PUNCT
taxlaw-2791	173	1	see	see	VERB
taxlaw-2791	173	2	schell	schell	PROPN
taxlaw-2791	173	3	,	,	PUNCT
taxlaw-2791	173	4	supra	supra	PROPN
taxlaw-2791	173	5	note	note	PROPN
taxlaw-2791	173	6	28	28	NUM
taxlaw-2791	173	7	,	,	PUNCT
taxlaw-2791	173	8	at	at	ADP
taxlaw-2791	173	9	2	2	NUM
taxlaw-2791	173	10	-	-	SYM
taxlaw-2791	173	11	21	21	NUM
taxlaw-2791	173	12	(	(	PUNCT
taxlaw-2791	173	13	noting	note	VERB
taxlaw-2791	173	14	that	that	SCONJ
taxlaw-2791	173	15	the	the	DET
taxlaw-2791	173	16	profitability	profitability	NOUN
taxlaw-2791	173	17	of	of	ADP
taxlaw-2791	173	18	the	the	DET
taxlaw-2791	173	19	investment	investment	NOUN
taxlaw-2791	173	20	can	can	AUX
taxlaw-2791	173	21	not	not	PART
taxlaw-2791	173	22	“	"	PUNCT
taxlaw-2791	173	23	be	be	AUX
taxlaw-2791	173	24	known	know	VERB
taxlaw-2791	173	25	with	with	ADP
taxlaw-2791	173	26	certainty	certainty	NOUN
taxlaw-2791	173	27	until	until	SCONJ
taxlaw-2791	173	28	[	[	X
taxlaw-2791	173	29	p	p	X
taxlaw-2791	173	30	]	]	X
taxlaw-2791	173	31	is	be	AUX
taxlaw-2791	173	32	liquidated	liquidate	VERB
taxlaw-2791	173	33	and	and	CCONJ
taxlaw-2791	173	34	wound	wound	VERB
taxlaw-2791	173	35	up	up	ADP
taxlaw-2791	173	36	”	"	PUNCT
taxlaw-2791	173	37	)	)	PUNCT
taxlaw-2791	173	38	.	.	PUNCT
taxlaw-2791	174	1	30	30	NUM
taxlaw-2791	174	2	.	.	PUNCT
taxlaw-2791	175	1	see	see	VERB
taxlaw-2791	175	2	knoll	knoll	NOUN
taxlaw-2791	175	3	,	,	PUNCT
taxlaw-2791	175	4	supra	supra	PROPN
taxlaw-2791	175	5	note	note	NOUN
taxlaw-2791	175	6	6	6	NUM
taxlaw-2791	175	7	,	,	PUNCT
taxlaw-2791	175	8	at	at	ADP
taxlaw-2791	175	9	133	133	NUM
taxlaw-2791	175	10	(	(	PUNCT
taxlaw-2791	175	11	noting	note	VERB
taxlaw-2791	175	12	that	that	SCONJ
taxlaw-2791	175	13	“	"	PUNCT
taxlaw-2791	175	14	a	a	DET
taxlaw-2791	175	15	carried	carried	ADJ
taxlaw-2791	175	16	interest	interest	NOUN
taxlaw-2791	175	17	is	be	AUX
taxlaw-2791	175	18	effectively	effectively	ADV
taxlaw-2791	175	19	a	a	DET
taxlaw-2791	175	20	call	call	NOUN
taxlaw-2791	175	21	option	option	NOUN
taxlaw-2791	175	22	.	.	PUNCT
taxlaw-2791	175	23	”	"	PUNCT
taxlaw-2791	175	24	)	)	PUNCT
taxlaw-2791	175	25	.	.	PUNCT
taxlaw-2791	176	1	a	a	DET
taxlaw-2791	176	2	profits	profit	NOUN
taxlaw-2791	176	3	interest	interest	NOUN
taxlaw-2791	176	4	closely	closely	ADV
taxlaw-2791	176	5	mimics	mimic	VERB
taxlaw-2791	176	6	a	a	DET
taxlaw-2791	176	7	nonqualified	nonqualifie	VERB
taxlaw-2791	176	8	stock	stock	NOUN
taxlaw-2791	176	9	option	option	NOUN
taxlaw-2791	176	10	(	(	PUNCT
taxlaw-2791	176	11	nqso	nqso	NOUN
taxlaw-2791	176	12	)	)	PUNCT
taxlaw-2791	176	13	or	or	CCONJ
taxlaw-2791	176	14	incentive	incentive	NOUN
taxlaw-2791	176	15	stock	stock	NOUN
taxlaw-2791	176	16	option	option	NOUN
taxlaw-2791	176	17	(	(	PUNCT
taxlaw-2791	176	18	iso	iso	NOUN
taxlaw-2791	176	19	)	)	PUNCT
taxlaw-2791	176	20	.	.	PUNCT
taxlaw-2791	177	1	see	see	VERB
taxlaw-2791	177	2	fleischer	fleischer	PROPN
taxlaw-2791	177	3	,	,	PUNCT
taxlaw-2791	177	4	supra	supra	PROPN
taxlaw-2791	177	5	note	note	NOUN
taxlaw-2791	177	6	2	2	NUM
taxlaw-2791	177	7	,	,	PUNCT
taxlaw-2791	177	8	at	at	ADP
taxlaw-2791	177	9	4	4	NUM
taxlaw-2791	177	10	.	.	PUNCT
taxlaw-2791	177	11	31	31	NUM
taxlaw-2791	177	12	.	.	PUNCT
taxlaw-2791	178	1	upon	upon	SCONJ
taxlaw-2791	178	2	exercise	exercise	NOUN
taxlaw-2791	178	3	of	of	ADP
taxlaw-2791	178	4	the	the	DET
taxlaw-2791	178	5	option	option	NOUN
taxlaw-2791	178	6	,	,	PUNCT
taxlaw-2791	178	7	the	the	DET
taxlaw-2791	178	8	holder	holder	NOUN
taxlaw-2791	178	9	acquires	acquire	VERB
taxlaw-2791	178	10	a	a	DET
taxlaw-2791	178	11	capital	capital	NOUN
taxlaw-2791	178	12	interest	interest	NOUN
taxlaw-2791	178	13	;	;	PUNCT
taxlaw-2791	178	14	grant	grant	NOUN
taxlaw-2791	178	15	of	of	ADP
taxlaw-2791	178	16	the	the	DET
taxlaw-2791	178	17	option	option	NOUN
taxlaw-2791	178	18	is	be	AUX
taxlaw-2791	178	19	not	not	PART
taxlaw-2791	178	20	a	a	DET
taxlaw-2791	178	21	taxable	taxable	ADJ
taxlaw-2791	178	22	event	event	NOUN
taxlaw-2791	178	23	.	.	PUNCT
taxlaw-2791	179	1	see	see	VERB
taxlaw-2791	179	2	treas	treas	PROPN
taxlaw-2791	179	3	.	.	PUNCT
taxlaw-2791	180	1	reg	reg	PROPN
taxlaw-2791	180	2	.	.	PUNCT
taxlaw-2791	181	1	§	§	PROPN
taxlaw-2791	181	2	§	§	PROPN
taxlaw-2791	181	3	1.83	1.83	NUM
taxlaw-2791	181	4	-	-	SYM
taxlaw-2791	181	5	7(a	7(a	NUM
taxlaw-2791	181	6	)	)	PUNCT
taxlaw-2791	181	7	(	(	PUNCT
taxlaw-2791	181	8	as	as	SCONJ
taxlaw-2791	181	9	amended	amend	VERB
taxlaw-2791	181	10	in	in	ADP
taxlaw-2791	181	11	2004	2004	NUM
taxlaw-2791	181	12	)	)	PUNCT
taxlaw-2791	181	13	,	,	PUNCT
taxlaw-2791	181	14	1.83	1.83	NUM
taxlaw-2791	181	15	-	-	SYM
taxlaw-2791	181	16	6(a	6(a	NUM
taxlaw-2791	181	17	)	)	PUNCT
taxlaw-2791	181	18	(	(	PUNCT
taxlaw-2791	181	19	as	as	SCONJ
taxlaw-2791	181	20	amended	amend	VERB
taxlaw-2791	181	21	in	in	ADP
taxlaw-2791	181	22	2003	2003	NUM
taxlaw-2791	181	23	)	)	PUNCT
taxlaw-2791	181	24	.	.	PUNCT
taxlaw-2791	182	1	10	10	NUM
taxlaw-2791	182	2	columbia	columbia	PROPN
taxlaw-2791	182	3	jour	jour	PROPN
taxlaw-2791	182	4	�	�	PROPN
taxlaw-2791	182	5	al	al	PROPN
taxlaw-2791	182	6	of	of	ADP
taxlaw-2791	182	7	tax	tax	NOUN
taxlaw-2791	182	8	law	law	NOUN
taxlaw-2791	183	1	[	[	X
taxlaw-2791	183	2	vol	vol	NOUN
taxlaw-2791	183	3	.	.	PUNCT
taxlaw-2791	184	1	1:1	1:1	NUM
taxlaw-2791	184	2	administrative	administrative	ADJ
taxlaw-2791	184	3	guidelines	guideline	NOUN
taxlaw-2791	184	4	of	of	ADP
taxlaw-2791	184	5	revenue	revenue	NOUN
taxlaw-2791	184	6	procedures	procedure	NOUN
taxlaw-2791	184	7	93	93	NUM
taxlaw-2791	184	8	-	-	SYM
taxlaw-2791	184	9	27	27	NUM
taxlaw-2791	184	10	and	and	CCONJ
taxlaw-2791	184	11	2001	2001	NUM
taxlaw-2791	184	12	-	-	SYM
taxlaw-2791	184	13	43.32	43.32	NUM
taxlaw-2791	184	14	a	a	DET
taxlaw-2791	184	15	private	private	ADJ
taxlaw-2791	184	16	equity	equity	NOUN
taxlaw-2791	184	17	carried	carry	VERB
taxlaw-2791	184	18	interest	interest	NOUN
taxlaw-2791	184	19	does	do	AUX
taxlaw-2791	184	20	not	not	PART
taxlaw-2791	184	21	,	,	PUNCT
taxlaw-2791	184	22	however	however	ADV
taxlaw-2791	184	23	,	,	PUNCT
taxlaw-2791	184	24	fall	fall	VERB
taxlaw-2791	184	25	within	within	ADP
taxlaw-2791	184	26	the	the	DET
taxlaw-2791	184	27	literal	literal	ADJ
taxlaw-2791	184	28	terms	term	NOUN
taxlaw-2791	184	29	of	of	ADP
taxlaw-2791	184	30	the	the	DET
taxlaw-2791	184	31	administrative	administrative	ADJ
taxlaw-2791	184	32	safe	safe	ADJ
taxlaw-2791	184	33	harbor	harbor	NOUN
taxlaw-2791	184	34	,	,	PUNCT
taxlaw-2791	184	35	since	since	SCONJ
taxlaw-2791	184	36	the	the	DET
taxlaw-2791	184	37	holder	holder	NOUN
taxlaw-2791	184	38	typically	typically	ADV
taxlaw-2791	184	39	receives	receive	VERB
taxlaw-2791	184	40	both	both	CCONJ
taxlaw-2791	184	41	a	a	DET
taxlaw-2791	184	42	capital	capital	NOUN
taxlaw-2791	184	43	interest	interest	NOUN
taxlaw-2791	184	44	and	and	CCONJ
taxlaw-2791	184	45	a	a	DET
taxlaw-2791	184	46	disproportionate	disproportionate	ADJ
taxlaw-2791	184	47	profits	profit	NOUN
taxlaw-2791	184	48	interest.33	interest.33	PROPN
taxlaw-2791	184	49	nevertheless	nevertheless	ADV
taxlaw-2791	184	50	,	,	PUNCT
taxlaw-2791	184	51	taxpayers	taxpayer	NOUN
taxlaw-2791	184	52	may	may	AUX
taxlaw-2791	184	53	claim	claim	VERB
taxlaw-2791	184	54	that	that	SCONJ
taxlaw-2791	184	55	the	the	DET
taxlaw-2791	184	56	carried	carry	VERB
taxlaw-2791	184	57	interest	interest	NOUN
taxlaw-2791	184	58	can	can	AUX
taxlaw-2791	184	59	be	be	AUX
taxlaw-2791	184	60	bifurcated	bifurcate	VERB
taxlaw-2791	184	61	into	into	ADP
taxlaw-2791	184	62	separate	separate	ADJ
taxlaw-2791	184	63	capital	capital	NOUN
taxlaw-2791	184	64	and	and	CCONJ
taxlaw-2791	184	65	profits	profit	NOUN
taxlaw-2791	184	66	components	component	NOUN
taxlaw-2791	184	67	for	for	ADP
taxlaw-2791	184	68	purposes	purpose	NOUN
taxlaw-2791	184	69	of	of	ADP
taxlaw-2791	184	70	qualifying	qualify	VERB
taxlaw-2791	184	71	the	the	DET
taxlaw-2791	184	72	profits	profit	NOUN
taxlaw-2791	184	73	interest	interest	NOUN
taxlaw-2791	184	74	under	under	ADP
taxlaw-2791	184	75	the	the	DET
taxlaw-2791	184	76	safe	safe	ADJ
taxlaw-2791	184	77	harbor.34	harbor.34	NOUN
taxlaw-2791	184	78	alternatively	alternatively	ADV
taxlaw-2791	184	79	,	,	PUNCT
taxlaw-2791	184	80	taxpayers	taxpayer	NOUN
taxlaw-2791	184	81	may	may	AUX
taxlaw-2791	184	82	simply	simply	ADV
taxlaw-2791	184	83	claim	claim	VERB
taxlaw-2791	184	84	a	a	DET
taxlaw-2791	184	85	zero	zero	NUM
taxlaw-2791	184	86	value	value	NOUN
taxlaw-2791	184	87	based	base	VERB
taxlaw-2791	184	88	on	on	ADP
taxlaw-2791	184	89	the	the	DET
taxlaw-2791	184	90	confused	confused	ADJ
taxlaw-2791	184	91	state	state	NOUN
taxlaw-2791	184	92	of	of	ADP
taxlaw-2791	184	93	current	current	ADJ
taxlaw-2791	184	94	law	law	NOUN
taxlaw-2791	184	95	,	,	PUNCT
taxlaw-2791	184	96	relying	rely	VERB
taxlaw-2791	184	97	on	on	ADP
taxlaw-2791	184	98	the	the	DET
taxlaw-2791	184	99	government	government	NOUN
taxlaw-2791	184	100	’s	’s	PART
taxlaw-2791	184	101	perceived	perceive	VERB
taxlaw-2791	184	102	unwillingness	unwillingness	NOUN
taxlaw-2791	184	103	to	to	PART
taxlaw-2791	184	104	challenge	challenge	VERB
taxlaw-2791	184	105	even	even	ADV
taxlaw-2791	184	106	patently	patently	ADV
taxlaw-2791	184	107	erroneous	erroneous	ADJ
taxlaw-2791	184	108	valuations.35	valuations.35	NOUN
taxlaw-2791	184	109	if	if	SCONJ
taxlaw-2791	184	110	receipt	receipt	NOUN
taxlaw-2791	184	111	of	of	ADP
taxlaw-2791	184	112	the	the	DET
taxlaw-2791	184	113	profits	profit	NOUN
taxlaw-2791	184	114	interest	interest	NOUN
taxlaw-2791	184	115	is	be	AUX
taxlaw-2791	184	116	not	not	PART
taxlaw-2791	184	117	taxed	tax	VERB
taxlaw-2791	184	118	up	up	ADP
taxlaw-2791	184	119	front	front	NOUN
taxlaw-2791	184	120	,	,	PUNCT
taxlaw-2791	184	121	gp	gp	NOUN
taxlaw-2791	184	122	is	be	AUX
taxlaw-2791	184	123	taxed	tax	VERB
taxlaw-2791	184	124	on	on	ADP
taxlaw-2791	184	125	his	his	PRON
taxlaw-2791	184	126	distributive	distributive	ADJ
taxlaw-2791	184	127	share	share	NOUN
taxlaw-2791	184	128	of	of	ADP
taxlaw-2791	184	129	partnership	partnership	NOUN
taxlaw-2791	184	130	profits	profit	NOUN
taxlaw-2791	184	131	under	under	ADP
taxlaw-2791	184	132	the	the	DET
taxlaw-2791	184	133	normal	normal	ADJ
taxlaw-2791	184	134	flowthrough	flowthrough	ADJ
taxlaw-2791	184	135	rules	rule	NOUN
taxlaw-2791	184	136	of	of	ADP
taxlaw-2791	184	137	§	§	PROPN
taxlaw-2791	184	138	702(b).36	702(b).36	NUM
taxlaw-2791	184	139	when	when	SCONJ
taxlaw-2791	184	140	lp	lp	NOUN
taxlaw-2791	184	141	is	be	AUX
taxlaw-2791	184	142	tax	tax	NOUN
taxlaw-2791	184	143	exempt	exempt	ADJ
taxlaw-2791	184	144	(	(	PUNCT
taxlaw-2791	184	145	or	or	CCONJ
taxlaw-2791	184	146	otherwise	otherwise	ADV
taxlaw-2791	184	147	tax	tax	NOUN
taxlaw-2791	184	148	indifferent	indifferent	NOUN
taxlaw-2791	184	149	)	)	PUNCT
taxlaw-2791	184	150	,	,	PUNCT
taxlaw-2791	184	151	gp	gp	NOUN
taxlaw-2791	184	152	essentially	essentially	ADV
taxlaw-2791	184	153	“	"	PUNCT
taxlaw-2791	184	154	swaps	swap	NOUN
taxlaw-2791	184	155	”	"	PUNCT
taxlaw-2791	184	156	ordinary	ordinary	ADJ
taxlaw-2791	184	157	income	income	NOUN
taxlaw-2791	184	158	for	for	ADP
taxlaw-2791	184	159	capital	capital	NOUN
taxlaw-2791	184	160	gain	gain	NOUN
taxlaw-2791	184	161	at	at	ADP
taxlaw-2791	184	162	no	no	DET
taxlaw-2791	184	163	tax	tax	NOUN
taxlaw-2791	184	164	cost	cost	NOUN
taxlaw-2791	184	165	to	to	ADP
taxlaw-2791	184	166	lp	lp	NOUN
taxlaw-2791	184	167	,	,	PUNCT
taxlaw-2791	184	168	since	since	SCONJ
taxlaw-2791	184	169	a	a	DET
taxlaw-2791	184	170	deduction	deduction	NOUN
taxlaw-2791	184	171	for	for	ADP
taxlaw-2791	184	172	gp	gp	NOUN
taxlaw-2791	184	173	’s	’s	PART
taxlaw-2791	184	174	implicit	implicit	ADJ
taxlaw-2791	184	175	salary	salary	NOUN
taxlaw-2791	184	176	would	would	AUX
taxlaw-2791	184	177	be	be	AUX
taxlaw-2791	184	178	worthless	worthless	ADJ
taxlaw-2791	184	179	to	to	PART
taxlaw-2791	184	180	lp.37	lp.37	PROPN
taxlaw-2791	184	181	32	32	NUM
taxlaw-2791	184	182	.	.	PUNCT
taxlaw-2791	185	1	see	see	VERB
taxlaw-2791	185	2	rev	rev	PROPN
taxlaw-2791	185	3	.	.	PROPN
taxlaw-2791	185	4	proc	proc	PROPN
taxlaw-2791	185	5	.	.	PUNCT
taxlaw-2791	186	1	93	93	NUM
taxlaw-2791	186	2	-	-	SYM
taxlaw-2791	186	3	27	27	NUM
taxlaw-2791	186	4	,	,	PUNCT
taxlaw-2791	186	5	1993	1993	NUM
taxlaw-2791	186	6	-	-	SYM
taxlaw-2791	186	7	2	2	NUM
taxlaw-2791	186	8	c.b	c.b	PROPN
taxlaw-2791	186	9	.	.	PROPN
taxlaw-2791	186	10	343	343	NUM
taxlaw-2791	186	11	;	;	PUNCT
taxlaw-2791	186	12	rev	rev	PROPN
taxlaw-2791	186	13	.	.	PROPN
taxlaw-2791	186	14	proc	proc	PROPN
taxlaw-2791	186	15	.	.	PUNCT
taxlaw-2791	187	1	2001	2001	NUM
taxlaw-2791	187	2	-	-	SYM
taxlaw-2791	187	3	43	43	NUM
taxlaw-2791	187	4	,	,	PUNCT
taxlaw-2791	187	5	2001	2001	NUM
taxlaw-2791	187	6	-	-	SYM
taxlaw-2791	187	7	2	2	NUM
taxlaw-2791	187	8	c.b	c.b	PROPN
taxlaw-2791	187	9	.	.	PROPN
taxlaw-2791	187	10	191	191	NUM
taxlaw-2791	187	11	.	.	PUNCT
taxlaw-2791	188	1	in	in	ADP
taxlaw-2791	188	2	2005	2005	NUM
taxlaw-2791	188	3	,	,	PUNCT
taxlaw-2791	188	4	the	the	DET
taxlaw-2791	188	5	service	service	NOUN
taxlaw-2791	188	6	issued	issue	VERB
taxlaw-2791	188	7	proposed	propose	VERB
taxlaw-2791	188	8	regulations	regulation	NOUN
taxlaw-2791	188	9	addressing	address	VERB
taxlaw-2791	188	10	compensatory	compensatory	ADJ
taxlaw-2791	188	11	transfers	transfer	NOUN
taxlaw-2791	188	12	of	of	ADP
taxlaw-2791	188	13	partnership	partnership	NOUN
taxlaw-2791	188	14	interests	interest	NOUN
taxlaw-2791	188	15	.	.	PUNCT
taxlaw-2791	189	1	see	see	VERB
taxlaw-2791	189	2	proposed	propose	VERB
taxlaw-2791	189	3	regulations	regulation	NOUN
taxlaw-2791	189	4	on	on	ADP
taxlaw-2791	189	5	partnership	partnership	NOUN
taxlaw-2791	189	6	equity	equity	NOUN
taxlaw-2791	189	7	transfers	transfer	NOUN
taxlaw-2791	189	8	for	for	ADP
taxlaw-2791	189	9	services	service	NOUN
taxlaw-2791	189	10	,	,	PUNCT
taxlaw-2791	189	11	reg-105	reg-105	NOUN
taxlaw-2791	189	12	-	-	PUNCT
taxlaw-2791	189	13	346	346	NUM
taxlaw-2791	189	14	-	-	PUNCT
taxlaw-2791	189	15	03	03	NUM
taxlaw-2791	189	16	,	,	PUNCT
taxlaw-2791	189	17	70	70	NUM
taxlaw-2791	189	18	fed	feed	VERB
taxlaw-2791	189	19	.	.	PUNCT
taxlaw-2791	190	1	reg	reg	PROPN
taxlaw-2791	190	2	.	.	PUNCT
taxlaw-2791	191	1	29,675	29,675	NUM
taxlaw-2791	191	2	(	(	PUNCT
taxlaw-2791	191	3	may	may	PROPN
taxlaw-2791	191	4	24	24	NUM
taxlaw-2791	191	5	,	,	PUNCT
taxlaw-2791	191	6	2005	2005	NUM
taxlaw-2791	191	7	)	)	PUNCT
taxlaw-2791	192	1	[	[	X
taxlaw-2791	192	2	hereinafter	hereinafter	NOUN
taxlaw-2791	192	3	reg-105	reg-105	NOUN
taxlaw-2791	192	4	-	-	PUNCT
taxlaw-2791	192	5	34603	34603	NUM
taxlaw-2791	192	6	]	]	PUNCT
taxlaw-2791	192	7	;	;	PUNCT
taxlaw-2791	192	8	notice	notice	VERB
taxlaw-2791	192	9	2005	2005	NUM
taxlaw-2791	192	10	-	-	SYM
taxlaw-2791	192	11	43	43	NUM
taxlaw-2791	192	12	,	,	PUNCT
taxlaw-2791	192	13	2005	2005	NUM
taxlaw-2791	192	14	-	-	SYM
taxlaw-2791	192	15	1	1	NUM
taxlaw-2791	192	16	c.b	c.b	PROPN
taxlaw-2791	192	17	.	.	PROPN
taxlaw-2791	192	18	122	122	NUM
taxlaw-2791	192	19	(	(	PUNCT
taxlaw-2791	192	20	containing	contain	VERB
taxlaw-2791	192	21	proposed	propose	VERB
taxlaw-2791	192	22	revenue	revenue	NOUN
taxlaw-2791	192	23	procedure	procedure	NOUN
taxlaw-2791	192	24	)	)	PUNCT
taxlaw-2791	192	25	.	.	PUNCT
taxlaw-2791	193	1	the	the	DET
taxlaw-2791	193	2	2005	2005	NUM
taxlaw-2791	193	3	proposed	propose	VERB
taxlaw-2791	193	4	regulations	regulation	NOUN
taxlaw-2791	193	5	were	be	AUX
taxlaw-2791	193	6	generally	generally	ADV
taxlaw-2791	193	7	consistent	consistent	ADJ
taxlaw-2791	193	8	with	with	ADP
taxlaw-2791	193	9	the	the	DET
taxlaw-2791	193	10	service	service	NOUN
taxlaw-2791	193	11	’s	’s	PART
taxlaw-2791	193	12	prior	prior	ADJ
taxlaw-2791	193	13	administrative	administrative	ADJ
taxlaw-2791	193	14	guidance	guidance	NOUN
taxlaw-2791	193	15	,	,	PUNCT
taxlaw-2791	193	16	which	which	PRON
taxlaw-2791	193	17	would	would	AUX
taxlaw-2791	193	18	have	have	AUX
taxlaw-2791	193	19	become	become	VERB
taxlaw-2791	193	20	obsolete	obsolete	ADJ
taxlaw-2791	193	21	had	have	AUX
taxlaw-2791	193	22	the	the	DET
taxlaw-2791	193	23	proposed	propose	VERB
taxlaw-2791	193	24	regulations	regulation	NOUN
taxlaw-2791	193	25	become	become	VERB
taxlaw-2791	193	26	final	final	ADJ
taxlaw-2791	193	27	.	.	PUNCT
taxlaw-2791	194	1	33	33	NUM
taxlaw-2791	194	2	.	.	PUNCT
taxlaw-2791	195	1	see	see	VERB
taxlaw-2791	195	2	carman	carman	PROPN
taxlaw-2791	195	3	,	,	PUNCT
taxlaw-2791	195	4	supra	supra	PROPN
taxlaw-2791	195	5	note	note	PROPN
taxlaw-2791	195	6	13	13	NUM
taxlaw-2791	195	7	,	,	PUNCT
taxlaw-2791	195	8	at	at	ADP
taxlaw-2791	195	9	114	114	NUM
taxlaw-2791	195	10	(	(	PUNCT
taxlaw-2791	195	11	noting	note	VERB
taxlaw-2791	195	12	that	that	SCONJ
taxlaw-2791	195	13	a	a	DET
taxlaw-2791	195	14	carried	carry	VERB
taxlaw-2791	195	15	interest	interest	NOUN
taxlaw-2791	195	16	does	do	AUX
taxlaw-2791	195	17	not	not	PART
taxlaw-2791	195	18	“	"	PUNCT
taxlaw-2791	195	19	literally	literally	ADV
taxlaw-2791	195	20	fall	fall	VERB
taxlaw-2791	195	21	within	within	ADP
taxlaw-2791	195	22	”	"	PUNCT
taxlaw-2791	195	23	the	the	DET
taxlaw-2791	195	24	safe	safe	ADJ
taxlaw-2791	195	25	harbor	harbor	NOUN
taxlaw-2791	195	26	)	)	PUNCT
taxlaw-2791	195	27	;	;	PUNCT
taxlaw-2791	196	1	cf	cf	X
taxlaw-2791	196	2	.	.	PUNCT
taxlaw-2791	197	1	fleischer	fleischer	PROPN
taxlaw-2791	197	2	,	,	PUNCT
taxlaw-2791	197	3	supra	supra	PROPN
taxlaw-2791	197	4	note	note	NOUN
taxlaw-2791	197	5	2	2	NUM
taxlaw-2791	197	6	,	,	PUNCT
taxlaw-2791	197	7	at	at	ADP
taxlaw-2791	197	8	12	12	NUM
taxlaw-2791	197	9	(	(	PUNCT
taxlaw-2791	197	10	“	"	PUNCT
taxlaw-2791	197	11	the	the	DET
taxlaw-2791	197	12	typical	typical	ADJ
taxlaw-2791	197	13	carried	carried	ADJ
taxlaw-2791	197	14	interest	interest	NOUN
taxlaw-2791	197	15	finds	find	VERB
taxlaw-2791	197	16	ample	ample	ADJ
taxlaw-2791	197	17	shelter	shelter	NOUN
taxlaw-2791	197	18	in	in	ADP
taxlaw-2791	197	19	the	the	DET
taxlaw-2791	197	20	proposed	propose	VERB
taxlaw-2791	197	21	rules	rule	NOUN
taxlaw-2791	197	22	.	.	PUNCT
taxlaw-2791	197	23	”	"	PUNCT
taxlaw-2791	197	24	)	)	PUNCT
taxlaw-2791	197	25	.	.	PUNCT
taxlaw-2791	198	1	by	by	ADP
taxlaw-2791	198	2	allowing	allow	VERB
taxlaw-2791	198	3	a	a	DET
taxlaw-2791	198	4	liquidation	liquidation	NOUN
taxlaw-2791	198	5	-	-	PUNCT
taxlaw-2791	198	6	value	value	NOUN
taxlaw-2791	198	7	election	election	NOUN
taxlaw-2791	198	8	for	for	ADP
taxlaw-2791	198	9	all	all	DET
taxlaw-2791	198	10	compensatory	compensatory	ADJ
taxlaw-2791	198	11	partnership	partnership	NOUN
taxlaw-2791	198	12	interests	interest	NOUN
taxlaw-2791	198	13	(	(	PUNCT
taxlaw-2791	198	14	capital	capital	NOUN
taxlaw-2791	198	15	or	or	CCONJ
taxlaw-2791	198	16	profits	profit	NOUN
taxlaw-2791	198	17	)	)	PUNCT
taxlaw-2791	198	18	,	,	PUNCT
taxlaw-2791	198	19	the	the	DET
taxlaw-2791	198	20	2005	2005	NUM
taxlaw-2791	198	21	proposed	propose	VERB
taxlaw-2791	198	22	regulations	regulation	NOUN
taxlaw-2791	198	23	would	would	AUX
taxlaw-2791	198	24	have	have	AUX
taxlaw-2791	198	25	extended	extend	VERB
taxlaw-2791	198	26	safe	safe	ADJ
taxlaw-2791	198	27	harbor	harbor	NOUN
taxlaw-2791	198	28	treatment	treatment	NOUN
taxlaw-2791	198	29	to	to	ADP
taxlaw-2791	198	30	certain	certain	ADJ
taxlaw-2791	198	31	carried	carry	VERB
taxlaw-2791	198	32	interest	interest	NOUN
taxlaw-2791	198	33	arrangements	arrangement	NOUN
taxlaw-2791	198	34	not	not	PART
taxlaw-2791	198	35	covered	cover	VERB
taxlaw-2791	198	36	by	by	ADP
taxlaw-2791	198	37	the	the	DET
taxlaw-2791	198	38	prior	prior	ADJ
taxlaw-2791	198	39	administrative	administrative	ADJ
taxlaw-2791	198	40	rule	rule	NOUN
taxlaw-2791	198	41	.	.	PUNCT
taxlaw-2791	199	1	34	34	NUM
taxlaw-2791	199	2	.	.	PUNCT
taxlaw-2791	200	1	while	while	SCONJ
taxlaw-2791	200	2	it	it	PRON
taxlaw-2791	200	3	might	might	AUX
taxlaw-2791	200	4	seem	seem	VERB
taxlaw-2791	200	5	“	"	PUNCT
taxlaw-2791	200	6	illogical	illogical	ADJ
taxlaw-2791	200	7	”	"	PUNCT
taxlaw-2791	200	8	to	to	PART
taxlaw-2791	200	9	construe	construe	VERB
taxlaw-2791	200	10	the	the	DET
taxlaw-2791	200	11	service	service	NOUN
taxlaw-2791	200	12	’s	’s	PART
taxlaw-2791	200	13	administrative	administrative	ADJ
taxlaw-2791	200	14	guidance	guidance	NOUN
taxlaw-2791	200	15	narrowly	narrowly	ADV
taxlaw-2791	200	16	not	not	PART
taxlaw-2791	200	17	to	to	PART
taxlaw-2791	200	18	permit	permit	VERB
taxlaw-2791	200	19	bifurcation	bifurcation	NOUN
taxlaw-2791	200	20	,	,	PUNCT
taxlaw-2791	200	21	adopting	adopt	VERB
taxlaw-2791	200	22	“	"	PUNCT
taxlaw-2791	200	23	the	the	DET
taxlaw-2791	200	24	rational	rational	ADJ
taxlaw-2791	200	25	,	,	PUNCT
taxlaw-2791	200	26	taxpayer	taxpayer	NOUN
taxlaw-2791	200	27	-	-	PUNCT
taxlaw-2791	200	28	friendly	friendly	ADJ
taxlaw-2791	200	29	,	,	PUNCT
taxlaw-2791	200	30	more	more	ADV
taxlaw-2791	200	31	expansive	expansive	ADJ
taxlaw-2791	200	32	reading	reading	NOUN
taxlaw-2791	200	33	”	"	PUNCT
taxlaw-2791	200	34	would	would	AUX
taxlaw-2791	200	35	represent	represent	VERB
taxlaw-2791	200	36	a	a	DET
taxlaw-2791	200	37	significant	significant	ADJ
taxlaw-2791	200	38	change	change	NOUN
taxlaw-2791	200	39	in	in	ADP
taxlaw-2791	200	40	the	the	DET
taxlaw-2791	200	41	status	status	NOUN
taxlaw-2791	200	42	quo	quo	NOUN
taxlaw-2791	200	43	.	.	PUNCT
taxlaw-2791	201	1	levin	levin	PROPN
taxlaw-2791	201	2	,	,	PUNCT
taxlaw-2791	201	3	supra	supra	PROPN
taxlaw-2791	201	4	note	note	PROPN
taxlaw-2791	201	5	27	27	NUM
taxlaw-2791	201	6	,	,	PUNCT
taxlaw-2791	201	7	¶	¶	X
taxlaw-2791	201	8	1006	1006	NUM
taxlaw-2791	201	9	at	at	ADP
taxlaw-2791	201	10	10	10	NUM
taxlaw-2791	201	11	-	-	SYM
taxlaw-2791	201	12	19	19	NUM
taxlaw-2791	201	13	.	.	NOUN
taxlaw-2791	201	14	35	35	NUM
taxlaw-2791	201	15	.	.	PUNCT
taxlaw-2791	202	1	see	see	VERB
taxlaw-2791	202	2	campbell	campbell	PROPN
taxlaw-2791	202	3	v.	v.	ADP
taxlaw-2791	202	4	comm’r	comm’r	PROPN
taxlaw-2791	202	5	,	,	PUNCT
taxlaw-2791	202	6	943	943	NUM
taxlaw-2791	202	7	f.2d	f.2d	SYM
taxlaw-2791	202	8	815	815	NUM
taxlaw-2791	202	9	(	(	PUNCT
taxlaw-2791	202	10	8th	8th	ADJ
taxlaw-2791	202	11	cir	cir	NOUN
taxlaw-2791	202	12	.	.	PROPN
taxlaw-2791	202	13	1991	1991	NUM
taxlaw-2791	202	14	)	)	PUNCT
taxlaw-2791	202	15	(	(	PUNCT
taxlaw-2791	202	16	holding	hold	VERB
taxlaw-2791	202	17	value	value	NOUN
taxlaw-2791	202	18	of	of	ADP
taxlaw-2791	202	19	profits	profit	NOUN
taxlaw-2791	202	20	interest	interest	NOUN
taxlaw-2791	202	21	was	be	AUX
taxlaw-2791	202	22	too	too	ADV
taxlaw-2791	202	23	speculative	speculative	ADJ
taxlaw-2791	202	24	)	)	PUNCT
taxlaw-2791	202	25	.	.	PUNCT
taxlaw-2791	203	1	in	in	ADP
taxlaw-2791	203	2	2001	2001	NUM
taxlaw-2791	203	3	,	,	PUNCT
taxlaw-2791	203	4	the	the	DET
taxlaw-2791	203	5	service	service	NOUN
taxlaw-2791	203	6	adopted	adopt	VERB
taxlaw-2791	203	7	a	a	DET
taxlaw-2791	203	8	surprisingly	surprisingly	ADV
taxlaw-2791	203	9	pro	pro	ADJ
taxlaw-2791	203	10	-	-	ADJ
taxlaw-2791	203	11	taxpayer	taxpayer	ADJ
taxlaw-2791	203	12	position	position	NOUN
taxlaw-2791	203	13	by	by	ADP
taxlaw-2791	203	14	extending	extend	VERB
taxlaw-2791	203	15	the	the	DET
taxlaw-2791	203	16	favorable	favorable	ADJ
taxlaw-2791	203	17	liquidation	liquidation	NOUN
taxlaw-2791	203	18	-	-	PUNCT
taxlaw-2791	203	19	value	value	NOUN
taxlaw-2791	203	20	rule	rule	NOUN
taxlaw-2791	203	21	even	even	ADV
taxlaw-2791	203	22	if	if	SCONJ
taxlaw-2791	203	23	a	a	DET
taxlaw-2791	203	24	profits	profit	NOUN
taxlaw-2791	203	25	interest	interest	NOUN
taxlaw-2791	203	26	is	be	AUX
taxlaw-2791	203	27	substantially	substantially	ADV
taxlaw-2791	203	28	nonvested	nonveste	VERB
taxlaw-2791	203	29	at	at	ADP
taxlaw-2791	203	30	grant	grant	NOUN
taxlaw-2791	203	31	and	and	CCONJ
taxlaw-2791	203	32	no	no	DET
taxlaw-2791	203	33	§	§	PROPN
taxlaw-2791	203	34	83(b	83(b	NUM
taxlaw-2791	203	35	)	)	PUNCT
taxlaw-2791	203	36	election	election	NOUN
taxlaw-2791	203	37	is	be	AUX
taxlaw-2791	203	38	made	make	VERB
taxlaw-2791	203	39	.	.	PUNCT
taxlaw-2791	204	1	see	see	VERB
taxlaw-2791	204	2	rev	rev	PROPN
taxlaw-2791	204	3	.	.	PROPN
taxlaw-2791	204	4	proc	proc	PROPN
taxlaw-2791	204	5	.	.	PUNCT
taxlaw-2791	205	1	2001	2001	NUM
taxlaw-2791	205	2	-	-	SYM
taxlaw-2791	205	3	43	43	NUM
taxlaw-2791	205	4	,	,	PUNCT
taxlaw-2791	205	5	2001	2001	NUM
taxlaw-2791	205	6	-	-	SYM
taxlaw-2791	205	7	2	2	NUM
taxlaw-2791	205	8	c.b	c.b	PROPN
taxlaw-2791	205	9	.	.	PROPN
taxlaw-2791	205	10	191	191	NUM
taxlaw-2791	205	11	(	(	PUNCT
taxlaw-2791	205	12	deemed	deem	VERB
taxlaw-2791	205	13	§	§	PROPN
taxlaw-2791	205	14	83(b	83(b	NUM
taxlaw-2791	205	15	)	)	PUNCT
taxlaw-2791	205	16	election	election	NOUN
taxlaw-2791	205	17	)	)	PUNCT
taxlaw-2791	205	18	.	.	PUNCT
taxlaw-2791	206	1	36	36	NUM
taxlaw-2791	206	2	.	.	PUNCT
taxlaw-2791	207	1	under	under	ADP
taxlaw-2791	207	2	§	§	PROPN
taxlaw-2791	207	3	83	83	NUM
taxlaw-2791	207	4	principles	principle	NOUN
taxlaw-2791	207	5	,	,	PUNCT
taxlaw-2791	207	6	the	the	DET
taxlaw-2791	207	7	service	service	NOUN
taxlaw-2791	207	8	partner	partner	NOUN
taxlaw-2791	207	9	could	could	AUX
taxlaw-2791	207	10	be	be	AUX
taxlaw-2791	207	11	taxed	tax	VERB
taxlaw-2791	207	12	on	on	ADP
taxlaw-2791	207	13	the	the	DET
taxlaw-2791	207	14	fair	fair	ADJ
taxlaw-2791	207	15	market	market	NOUN
taxlaw-2791	207	16	value	value	NOUN
taxlaw-2791	207	17	of	of	ADP
taxlaw-2791	207	18	the	the	DET
taxlaw-2791	207	19	profits	profit	NOUN
taxlaw-2791	207	20	interest	interest	NOUN
taxlaw-2791	207	21	upon	upon	SCONJ
taxlaw-2791	207	22	receipt	receipt	NOUN
taxlaw-2791	207	23	.	.	PUNCT
taxlaw-2791	208	1	because	because	SCONJ
taxlaw-2791	208	2	of	of	ADP
taxlaw-2791	208	3	valuation	valuation	NOUN
taxlaw-2791	208	4	difficulties	difficulty	NOUN
taxlaw-2791	208	5	,	,	PUNCT
taxlaw-2791	208	6	however	however	ADV
taxlaw-2791	208	7	,	,	PUNCT
taxlaw-2791	208	8	the	the	DET
taxlaw-2791	208	9	front	front	ADJ
taxlaw-2791	208	10	-	-	PUNCT
taxlaw-2791	208	11	end	end	NOUN
taxlaw-2791	208	12	approach	approach	NOUN
taxlaw-2791	208	13	of	of	ADP
taxlaw-2791	208	14	taxing	tax	VERB
taxlaw-2791	208	15	gp	gp	NOUN
taxlaw-2791	208	16	upon	upon	SCONJ
taxlaw-2791	208	17	receipt	receipt	NOUN
taxlaw-2791	208	18	of	of	ADP
taxlaw-2791	208	19	the	the	DET
taxlaw-2791	208	20	interest	interest	NOUN
taxlaw-2791	208	21	is	be	AUX
taxlaw-2791	208	22	not	not	PART
taxlaw-2791	208	23	a	a	DET
taxlaw-2791	208	24	realistic	realistic	ADJ
taxlaw-2791	208	25	alternative	alternative	NOUN
taxlaw-2791	208	26	.	.	PUNCT
taxlaw-2791	209	1	see	see	VERB
taxlaw-2791	209	2	h.r	h.r	PROPN
taxlaw-2791	209	3	.	.	PROPN
taxlaw-2791	209	4	rep	rep	PROPN
taxlaw-2791	209	5	.	.	PROPN
taxlaw-2791	209	6	no	no	PROPN
taxlaw-2791	209	7	.	.	NOUN
taxlaw-2791	210	1	110	110	NUM
taxlaw-2791	210	2	-	-	SYM
taxlaw-2791	210	3	728	728	NUM
taxlaw-2791	210	4	at	at	ADP
taxlaw-2791	210	5	17	17	NUM
taxlaw-2791	210	6	(	(	PUNCT
taxlaw-2791	210	7	2008	2008	NUM
taxlaw-2791	210	8	)	)	PUNCT
taxlaw-2791	210	9	(	(	PUNCT
taxlaw-2791	210	10	§	§	NOUN
taxlaw-2791	210	11	710	710	NUM
taxlaw-2791	210	12	“	"	PUNCT
taxlaw-2791	210	13	takes	take	VERB
taxlaw-2791	210	14	a	a	DET
taxlaw-2791	210	15	different	different	ADJ
taxlaw-2791	210	16	approach	approach	NOUN
taxlaw-2791	210	17	”	"	PUNCT
taxlaw-2791	210	18	)	)	PUNCT
taxlaw-2791	210	19	.	.	PUNCT
taxlaw-2791	211	1	under	under	ADP
taxlaw-2791	211	2	current	current	ADJ
taxlaw-2791	211	3	law	law	NOUN
taxlaw-2791	211	4	,	,	PUNCT
taxlaw-2791	211	5	gp	gp	NOUN
taxlaw-2791	211	6	has	have	VERB
taxlaw-2791	211	7	no	no	DET
taxlaw-2791	211	8	back	back	ADJ
taxlaw-2791	211	9	-	-	PUNCT
taxlaw-2791	211	10	end	end	NOUN
taxlaw-2791	211	11	ordinary	ordinary	ADJ
taxlaw-2791	211	12	income	income	NOUN
taxlaw-2791	211	13	upon	upon	SCONJ
taxlaw-2791	211	14	vesting	vest	VERB
taxlaw-2791	211	15	of	of	ADP
taxlaw-2791	211	16	the	the	DET
taxlaw-2791	211	17	interest	interest	NOUN
taxlaw-2791	211	18	,	,	PUNCT
taxlaw-2791	211	19	assuming	assume	VERB
taxlaw-2791	211	20	a	a	DET
taxlaw-2791	211	21	taxpayer	taxpayer	NOUN
taxlaw-2791	211	22	-	-	PUNCT
taxlaw-2791	211	23	favorable	favorable	ADJ
taxlaw-2791	211	24	resolution	resolution	NOUN
taxlaw-2791	211	25	of	of	ADP
taxlaw-2791	211	26	the	the	DET
taxlaw-2791	211	27	liquidation	liquidation	NOUN
taxlaw-2791	211	28	-	-	PUNCT
taxlaw-2791	211	29	value	value	NOUN
taxlaw-2791	211	30	issue	issue	NOUN
taxlaw-2791	211	31	under	under	ADP
taxlaw-2791	211	32	the	the	DET
taxlaw-2791	211	33	service	service	NOUN
taxlaw-2791	211	34	’s	’s	PART
taxlaw-2791	211	35	administrative	administrative	PROPN
taxlaw-2791	211	36	guidance	guidance	NOUN
taxlaw-2791	211	37	.	.	PUNCT
taxlaw-2791	212	1	see	see	VERB
taxlaw-2791	212	2	levin	levin	PROPN
taxlaw-2791	212	3	,	,	PUNCT
taxlaw-2791	212	4	supra	supra	PROPN
taxlaw-2791	212	5	note	note	PROPN
taxlaw-2791	212	6	27	27	NUM
taxlaw-2791	212	7	,	,	PUNCT
taxlaw-2791	212	8	¶	¶	X
taxlaw-2791	212	9	1006	1006	NUM
taxlaw-2791	212	10	at	at	ADP
taxlaw-2791	212	11	10	10	NUM
taxlaw-2791	212	12	-	-	SYM
taxlaw-2791	212	13	20	20	NUM
taxlaw-2791	212	14	.	.	PUNCT
taxlaw-2791	213	1	37	37	NUM
taxlaw-2791	213	2	.	.	PUNCT
taxlaw-2791	214	1	see	see	VERB
taxlaw-2791	214	2	sanchirico	sanchirico	NOUN
taxlaw-2791	214	3	,	,	PUNCT
taxlaw-2791	214	4	supra	supra	ADJ
taxlaw-2791	214	5	note	note	NOUN
taxlaw-2791	214	6	5	5	NUM
taxlaw-2791	214	7	,	,	PUNCT
taxlaw-2791	214	8	at	at	ADP
taxlaw-2791	214	9	1078	1078	NUM
taxlaw-2791	214	10	,	,	PUNCT
taxlaw-2791	214	11	1115–16	1115–16	NUM
taxlaw-2791	214	12	(	(	PUNCT
taxlaw-2791	214	13	“	"	PUNCT
taxlaw-2791	214	14	the	the	DET
taxlaw-2791	214	15	true	true	ADJ
taxlaw-2791	214	16	tax	tax	NOUN
taxlaw-2791	214	17	advantage	advantage	NOUN
taxlaw-2791	215	1	[	[	X
taxlaw-2791	215	2	of	of	ADP
taxlaw-2791	215	3	a	a	DET
taxlaw-2791	215	4	carried	carry	VERB
taxlaw-2791	215	5	interest	interest	NOUN
taxlaw-2791	215	6	]	]	PUNCT
taxlaw-2791	215	7	over	over	ADP
taxlaw-2791	215	8	other	other	ADJ
taxlaw-2791	215	9	arrangements	arrangement	NOUN
taxlaw-2791	215	10	is	be	AUX
taxlaw-2791	215	11	the	the	DET
taxlaw-2791	215	12	ability	ability	NOUN
taxlaw-2791	215	13	to	to	PART
taxlaw-2791	215	14	swap	swap	VERB
taxlaw-2791	215	15	tax	tax	NOUN
taxlaw-2791	215	16	character	character	NOUN
taxlaw-2791	215	17	with	with	ADP
taxlaw-2791	215	18	partners	partner	NOUN
taxlaw-2791	215	19	who	who	PRON
taxlaw-2791	215	20	are	be	AUX
taxlaw-2791	215	21	differently	differently	ADV
taxlaw-2791	215	22	taxed	tax	VERB
taxlaw-2791	215	23	.	.	PUNCT
taxlaw-2791	215	24	”	"	PUNCT
taxlaw-2791	215	25	)	)	PUNCT
taxlaw-2791	215	26	.	.	PUNCT
taxlaw-2791	216	1	unless	unless	SCONJ
taxlaw-2791	216	2	gp	gp	NOUN
taxlaw-2791	216	3	is	be	AUX
taxlaw-2791	216	4	taxed	tax	VERB
taxlaw-2791	216	5	differently	differently	ADV
taxlaw-2791	216	6	from	from	ADP
taxlaw-2791	216	7	lp	lp	NOUN
taxlaw-2791	216	8	,	,	PUNCT
taxlaw-2791	216	9	there	there	PRON
taxlaw-2791	216	10	is	be	VERB
taxlaw-2791	216	11	no	no	DET
taxlaw-2791	216	12	tax	tax	NOUN
taxlaw-2791	216	13	2010	2010	NUM
taxlaw-2791	216	14	]	]	PUNCT
taxlaw-2791	216	15	the	the	DET
taxlaw-2791	216	16	sou	sou	PROPN
taxlaw-2791	216	17	�	�	PROPN
taxlaw-2791	216	18	d	d	PROPN
taxlaw-2791	216	19	a	a	DET
taxlaw-2791	216	20	�	�	PROPN
taxlaw-2791	216	21	d	d	NOUN
taxlaw-2791	216	22	fury	fury	NOUN
taxlaw-2791	216	23	of	of	ADP
taxlaw-2791	216	24	carried	carry	VERB
taxlaw-2791	216	25	i	i	PRON
taxlaw-2791	216	26	�	�	VERB
taxlaw-2791	216	27	terest	ter	ADJ
taxlaw-2791	216	28	reform	reform	NOUN
taxlaw-2791	216	29	11	11	NUM
taxlaw-2791	216	30	jointly	jointly	ADV
taxlaw-2791	216	31	,	,	PUNCT
taxlaw-2791	216	32	lp	lp	NOUN
taxlaw-2791	216	33	and	and	CCONJ
taxlaw-2791	216	34	gp	gp	NOUN
taxlaw-2791	216	35	improve	improve	VERB
taxlaw-2791	216	36	their	their	PRON
taxlaw-2791	216	37	economic	economic	ADJ
taxlaw-2791	216	38	situation	situation	NOUN
taxlaw-2791	216	39	solely	solely	ADV
taxlaw-2791	216	40	at	at	ADP
taxlaw-2791	216	41	the	the	DET
taxlaw-2791	216	42	expense	expense	NOUN
taxlaw-2791	216	43	of	of	ADP
taxlaw-2791	216	44	the	the	DET
taxlaw-2791	216	45	government	government	NOUN
taxlaw-2791	216	46	.	.	PUNCT
taxlaw-2791	217	1	since	since	SCONJ
taxlaw-2791	217	2	a	a	DET
taxlaw-2791	217	3	profits	profit	NOUN
taxlaw-2791	217	4	interest	interest	NOUN
taxlaw-2791	217	5	does	do	AUX
taxlaw-2791	217	6	not	not	PART
taxlaw-2791	217	7	actually	actually	ADV
taxlaw-2791	217	8	convert	convert	VERB
taxlaw-2791	217	9	capital	capital	NOUN
taxlaw-2791	217	10	gain	gain	NOUN
taxlaw-2791	217	11	into	into	ADP
taxlaw-2791	217	12	ordinary	ordinary	ADJ
taxlaw-2791	217	13	income	income	NOUN
taxlaw-2791	217	14	but	but	CCONJ
taxlaw-2791	217	15	rather	rather	ADV
taxlaw-2791	217	16	merely	merely	ADV
taxlaw-2791	217	17	reallocates	reallocate	VERB
taxlaw-2791	217	18	capital	capital	NOUN
taxlaw-2791	217	19	gain	gain	NOUN
taxlaw-2791	217	20	among	among	ADP
taxlaw-2791	217	21	the	the	DET
taxlaw-2791	217	22	partners	partner	NOUN
taxlaw-2791	217	23	,	,	PUNCT
taxlaw-2791	217	24	the	the	DET
taxlaw-2791	217	25	arrangement	arrangement	NOUN
taxlaw-2791	217	26	may	may	AUX
taxlaw-2791	217	27	appear	appear	VERB
taxlaw-2791	217	28	technically	technically	ADV
taxlaw-2791	217	29	to	to	PART
taxlaw-2791	217	30	be	be	AUX
taxlaw-2791	217	31	outside	outside	ADP
taxlaw-2791	217	32	the	the	DET
taxlaw-2791	217	33	elaborate	elaborate	ADJ
taxlaw-2791	217	34	§	§	PROPN
taxlaw-2791	217	35	704(b	704(b	PROPN
taxlaw-2791	217	36	)	)	PUNCT
taxlaw-2791	217	37	regulations	regulation	NOUN
taxlaw-2791	217	38	governing	govern	VERB
taxlaw-2791	217	39	when	when	SCONJ
taxlaw-2791	217	40	partnership	partnership	NOUN
taxlaw-2791	217	41	allocations	allocation	NOUN
taxlaw-2791	217	42	will	will	AUX
taxlaw-2791	217	43	be	be	AUX
taxlaw-2791	217	44	respected	respect	VERB
taxlaw-2791	217	45	.	.	PUNCT
taxlaw-2791	218	1	this	this	DET
taxlaw-2791	218	2	type	type	NOUN
taxlaw-2791	218	3	of	of	ADP
taxlaw-2791	218	4	joint	joint	ADJ
taxlaw-2791	218	5	-	-	PUNCT
taxlaw-2791	218	6	tax	tax	NOUN
taxlaw-2791	218	7	arbitrage	arbitrage	NOUN
taxlaw-2791	218	8	would	would	AUX
taxlaw-2791	218	9	,	,	PUNCT
taxlaw-2791	218	10	however	however	ADV
taxlaw-2791	218	11	,	,	PUNCT
taxlaw-2791	218	12	clearly	clearly	ADV
taxlaw-2791	218	13	violate	violate	VERB
taxlaw-2791	218	14	the	the	DET
taxlaw-2791	218	15	§	§	PROPN
taxlaw-2791	218	16	704(b	704(b	PROPN
taxlaw-2791	218	17	)	)	PUNCT
taxlaw-2791	218	18	regulations	regulation	NOUN
taxlaw-2791	218	19	if	if	SCONJ
taxlaw-2791	218	20	it	it	PRON
taxlaw-2791	218	21	involved	involve	VERB
taxlaw-2791	218	22	an	an	DET
taxlaw-2791	218	23	actual	actual	ADJ
taxlaw-2791	218	24	swap	swap	NOUN
taxlaw-2791	218	25	of	of	ADP
taxlaw-2791	218	26	equal	equal	ADJ
taxlaw-2791	218	27	amounts	amount	NOUN
taxlaw-2791	218	28	of	of	ADP
taxlaw-2791	218	29	ordinary	ordinary	ADJ
taxlaw-2791	218	30	income	income	NOUN
taxlaw-2791	218	31	and	and	CCONJ
taxlaw-2791	218	32	capital	capital	NOUN
taxlaw-2791	218	33	gain.38	gain.38	PROPN
taxlaw-2791	218	34	the	the	DET
taxlaw-2791	218	35	§	§	PROPN
taxlaw-2791	218	36	704(b	704(b	PROPN
taxlaw-2791	218	37	)	)	PUNCT
taxlaw-2791	218	38	tax	tax	NOUN
taxlaw-2791	218	39	-	-	PUNCT
taxlaw-2791	218	40	avoidance	avoidance	NOUN
taxlaw-2791	218	41	test	test	NOUN
taxlaw-2791	218	42	is	be	AUX
taxlaw-2791	218	43	merely	merely	ADV
taxlaw-2791	218	44	a	a	DET
taxlaw-2791	218	45	subset	subset	NOUN
taxlaw-2791	218	46	of	of	ADP
taxlaw-2791	218	47	the	the	DET
taxlaw-2791	218	48	general	general	ADJ
taxlaw-2791	218	49	§	§	PROPN
taxlaw-2791	218	50	701	701	NUM
taxlaw-2791	218	51	anti	anti	ADJ
taxlaw-2791	218	52	-	-	ADJ
taxlaw-2791	218	53	abuse	abuse	ADJ
taxlaw-2791	218	54	rule	rule	NOUN
taxlaw-2791	218	55	,	,	PUNCT
taxlaw-2791	218	56	which	which	PRON
taxlaw-2791	218	57	permits	permit	VERB
taxlaw-2791	218	58	the	the	DET
taxlaw-2791	218	59	service	service	NOUN
taxlaw-2791	218	60	to	to	PART
taxlaw-2791	218	61	treat	treat	VERB
taxlaw-2791	218	62	a	a	DET
taxlaw-2791	218	63	partnership	partnership	NOUN
taxlaw-2791	218	64	as	as	ADP
taxlaw-2791	218	65	an	an	DET
taxlaw-2791	218	66	aggregate	aggregate	NOUN
taxlaw-2791	218	67	(	(	PUNCT
taxlaw-2791	218	68	rather	rather	ADV
taxlaw-2791	218	69	than	than	ADP
taxlaw-2791	218	70	an	an	DET
taxlaw-2791	218	71	entity	entity	NOUN
taxlaw-2791	218	72	)	)	PUNCT
taxlaw-2791	218	73	to	to	PART
taxlaw-2791	218	74	properly	properly	ADV
taxlaw-2791	218	75	reflect	reflect	VERB
taxlaw-2791	218	76	income.39	income.39	NOUN
taxlaw-2791	218	77	indeed	indeed	ADV
taxlaw-2791	218	78	,	,	PUNCT
taxlaw-2791	218	79	§	§	PROPN
taxlaw-2791	218	80	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	218	81	)	)	PUNCT
taxlaw-2791	218	82	addresses	address	NOUN
taxlaw-2791	218	83	the	the	DET
taxlaw-2791	218	84	problem	problem	NOUN
taxlaw-2791	218	85	of	of	ADP
taxlaw-2791	218	86	compensatory	compensatory	ADJ
taxlaw-2791	218	87	allocations	allocation	NOUN
taxlaw-2791	218	88	and	and	CCONJ
taxlaw-2791	218	89	distributions	distribution	NOUN
taxlaw-2791	218	90	intended	intend	VERB
taxlaw-2791	218	91	to	to	PART
taxlaw-2791	218	92	circumvent	circumvent	VERB
taxlaw-2791	218	93	other	other	ADJ
taxlaw-2791	218	94	limitations	limitation	NOUN
taxlaw-2791	218	95	—	—	PUNCT
taxlaw-2791	218	96	including	include	VERB
taxlaw-2791	218	97	the	the	DET
taxlaw-2791	218	98	capitalization	capitalization	NOUN
taxlaw-2791	218	99	requirement	requirement	NOUN
taxlaw-2791	218	100	and	and	CCONJ
taxlaw-2791	218	101	conversion	conversion	NOUN
taxlaw-2791	218	102	of	of	ADP
taxlaw-2791	218	103	ordinary	ordinary	ADJ
taxlaw-2791	218	104	income	income	NOUN
taxlaw-2791	218	105	into	into	ADP
taxlaw-2791	218	106	lower	lower	ADV
taxlaw-2791	218	107	-	-	PUNCT
taxlaw-2791	218	108	taxed	tax	VERB
taxlaw-2791	218	109	income.40	income.40	NOUN
taxlaw-2791	218	110	despite	despite	SCONJ
taxlaw-2791	218	111	this	this	DET
taxlaw-2791	218	112	array	array	NOUN
taxlaw-2791	218	113	of	of	ADP
taxlaw-2791	218	114	anti	anti	ADJ
taxlaw-2791	218	115	-	-	ADJ
taxlaw-2791	218	116	abuse	abuse	ADJ
taxlaw-2791	218	117	rules	rule	NOUN
taxlaw-2791	218	118	aimed	aim	VERB
taxlaw-2791	218	119	at	at	ADP
taxlaw-2791	218	120	joint	joint	ADJ
taxlaw-2791	218	121	-	-	PUNCT
taxlaw-2791	218	122	tax	tax	NOUN
taxlaw-2791	218	123	arbitrage	arbitrage	NOUN
taxlaw-2791	218	124	,	,	PUNCT
taxlaw-2791	218	125	the	the	DET
taxlaw-2791	218	126	carried	carry	VERB
taxlaw-2791	218	127	interest	interest	NOUN
taxlaw-2791	218	128	debate	debate	NOUN
taxlaw-2791	218	129	has	have	AUX
taxlaw-2791	218	130	been	be	AUX
taxlaw-2791	218	131	popularly	popularly	ADV
taxlaw-2791	218	132	framed	frame	VERB
taxlaw-2791	218	133	mainly	mainly	ADV
taxlaw-2791	218	134	in	in	ADP
taxlaw-2791	218	135	terms	term	NOUN
taxlaw-2791	218	136	of	of	ADP
taxlaw-2791	218	137	the	the	DET
taxlaw-2791	218	138	one	one	NUM
taxlaw-2791	218	139	-	-	PUNCT
taxlaw-2791	218	140	sided	sided	ADJ
taxlaw-2791	218	141	advantage	advantage	NOUN
taxlaw-2791	218	142	to	to	ADP
taxlaw-2791	218	143	gp	gp	NOUN
taxlaw-2791	218	144	who	who	PRON
taxlaw-2791	218	145	defers	defer	VERB
taxlaw-2791	218	146	tax	tax	NOUN
taxlaw-2791	218	147	and	and	CCONJ
taxlaw-2791	218	148	converts	convert	VERB
taxlaw-2791	218	149	ordinary	ordinary	ADJ
taxlaw-2791	218	150	income	income	NOUN
taxlaw-2791	218	151	into	into	ADP
taxlaw-2791	218	152	capital	capital	NOUN
taxlaw-2791	218	153	gain.41	gain.41	NOUN
taxlaw-2791	218	154	other	other	ADJ
taxlaw-2791	218	155	commentators	commentator	NOUN
taxlaw-2791	218	156	have	have	AUX
taxlaw-2791	218	157	perceived	perceive	VERB
taxlaw-2791	218	158	that	that	SCONJ
taxlaw-2791	218	159	the	the	DET
taxlaw-2791	218	160	tax	tax	NOUN
taxlaw-2791	218	161	advantage	advantage	NOUN
taxlaw-2791	218	162	of	of	ADP
taxlaw-2791	218	163	profits	profit	NOUN
taxlaw-2791	218	164	interests	interest	NOUN
taxlaw-2791	218	165	involves	involve	VERB
taxlaw-2791	218	166	essentially	essentially	ADV
taxlaw-2791	218	167	reallocation	reallocation	NOUN
taxlaw-2791	218	168	of	of	ADP
taxlaw-2791	218	169	capital	capital	NOUN
taxlaw-2791	218	170	gain	gain	NOUN
taxlaw-2791	218	171	among	among	ADP
taxlaw-2791	218	172	taxable	taxable	ADJ
taxlaw-2791	218	173	and	and	CCONJ
taxlaw-2791	218	174	tax	tax	NOUN
taxlaw-2791	218	175	-	-	PUNCT
taxlaw-2791	218	176	exempt	exempt	ADJ
taxlaw-2791	218	177	(	(	PUNCT
taxlaw-2791	218	178	or	or	CCONJ
taxlaw-2791	218	179	tax	tax	NOUN
taxlaw-2791	218	180	-	-	PUNCT
taxlaw-2791	218	181	indifferent	indifferent	ADJ
taxlaw-2791	218	182	)	)	PUNCT
taxlaw-2791	218	183	partners	partner	NOUN
taxlaw-2791	218	184	,	,	PUNCT
taxlaw-2791	218	185	but	but	CCONJ
taxlaw-2791	218	186	have	have	AUX
taxlaw-2791	218	187	nevertheless	nevertheless	ADV
taxlaw-2791	218	188	failed	fail	VERB
taxlaw-2791	218	189	to	to	PART
taxlaw-2791	218	190	recognize	recognize	VERB
taxlaw-2791	218	191	that	that	SCONJ
taxlaw-2791	218	192	such	such	ADJ
taxlaw-2791	218	193	joint	joint	ADJ
taxlaw-2791	218	194	-	-	PUNCT
taxlaw-2791	218	195	tax	tax	NOUN
taxlaw-2791	218	196	minimization	minimization	NOUN
taxlaw-2791	218	197	offends	offend	VERB
taxlaw-2791	218	198	advantage	advantage	NOUN
taxlaw-2791	218	199	to	to	ADP
taxlaw-2791	218	200	the	the	DET
taxlaw-2791	218	201	carried	carry	VERB
taxlaw-2791	218	202	interest	interest	NOUN
taxlaw-2791	218	203	.	.	PUNCT
taxlaw-2791	219	1	see	see	VERB
taxlaw-2791	219	2	i	i	PRON
taxlaw-2791	219	3	d.	d.	PROPN
taxlaw-2791	219	4	at	at	ADP
taxlaw-2791	219	5	1114	1114	NUM
taxlaw-2791	219	6	(	(	PUNCT
taxlaw-2791	219	7	noting	note	VERB
taxlaw-2791	219	8	that	that	SCONJ
taxlaw-2791	219	9	it	it	PRON
taxlaw-2791	219	10	is	be	AUX
taxlaw-2791	219	11	“	"	PUNCT
taxlaw-2791	219	12	not	not	PART
taxlaw-2791	219	13	a	a	DET
taxlaw-2791	219	14	difference	difference	NOUN
taxlaw-2791	219	15	in	in	ADP
taxlaw-2791	219	16	tax	tax	NOUN
taxlaw-2791	219	17	rates	rate	NOUN
taxlaw-2791	219	18	per	per	ADP
taxlaw-2791	219	19	se	se	ADV
taxlaw-2791	219	20	,	,	PUNCT
taxlaw-2791	219	21	but	but	CCONJ
taxlaw-2791	219	22	a	a	DET
taxlaw-2791	219	23	‘	'	PUNCT
taxlaw-2791	219	24	difference	difference	NOUN
taxlaw-2791	219	25	in	in	ADP
taxlaw-2791	219	26	differences	difference	NOUN
taxlaw-2791	219	27	’	'	PUNCT
taxlaw-2791	219	28	”	"	PUNCT
taxlaw-2791	219	29	that	that	PRON
taxlaw-2791	219	30	matters	matter	VERB
taxlaw-2791	219	31	)	)	PUNCT
taxlaw-2791	219	32	.	.	PUNCT
taxlaw-2791	220	1	38	38	NUM
taxlaw-2791	220	2	.	.	PUNCT
taxlaw-2791	221	1	see	see	VERB
taxlaw-2791	221	2	treas	treas	PROPN
taxlaw-2791	221	3	.	.	PUNCT
taxlaw-2791	222	1	reg	reg	PROPN
taxlaw-2791	222	2	.	.	PUNCT
taxlaw-2791	223	1	§	§	PROPN
taxlaw-2791	223	2	§	§	PROPN
taxlaw-2791	223	3	1.704	1.704	NUM
taxlaw-2791	223	4	-	-	SYM
taxlaw-2791	223	5	1(b)(2)(iii)(a	1(b)(2)(iii)(a	NUM
taxlaw-2791	223	6	)	)	PUNCT
taxlaw-2791	223	7	(	(	PUNCT
taxlaw-2791	223	8	overall	overall	ADJ
taxlaw-2791	223	9	tax	tax	NOUN
taxlaw-2791	223	10	-	-	PUNCT
taxlaw-2791	223	11	effect	effect	NOUN
taxlaw-2791	223	12	rule	rule	NOUN
taxlaw-2791	223	13	)	)	PUNCT
taxlaw-2791	223	14	,	,	PUNCT
taxlaw-2791	223	15	1.7041(b)(2)(iii)(b	1.7041(b)(2)(iii)(b	NUM
taxlaw-2791	223	16	)	)	PUNCT
taxlaw-2791	223	17	(	(	PUNCT
taxlaw-2791	223	18	as	as	SCONJ
taxlaw-2791	223	19	amended	amend	VERB
taxlaw-2791	223	20	in	in	ADP
taxlaw-2791	223	21	2008	2008	NUM
taxlaw-2791	223	22	)	)	PUNCT
taxlaw-2791	223	23	(	(	PUNCT
taxlaw-2791	223	24	character	character	NOUN
taxlaw-2791	223	25	allocations	allocation	NOUN
taxlaw-2791	223	26	that	that	PRON
taxlaw-2791	223	27	shift	shift	VERB
taxlaw-2791	223	28	tax	tax	NOUN
taxlaw-2791	223	29	consequences	consequence	NOUN
taxlaw-2791	223	30	)	)	PUNCT
taxlaw-2791	223	31	;	;	PUNCT
taxlaw-2791	223	32	see	see	VERB
taxlaw-2791	223	33	also	also	ADV
taxlaw-2791	223	34	i.r.c	i.r.c	NOUN
taxlaw-2791	223	35	.	.	PUNCT
taxlaw-2791	224	1	§	§	PROPN
taxlaw-2791	224	2	751	751	NUM
taxlaw-2791	224	3	(	(	PUNCT
taxlaw-2791	224	4	2009	2009	NUM
taxlaw-2791	224	5	)	)	PUNCT
taxlaw-2791	224	6	(	(	PUNCT
taxlaw-2791	224	7	prohibiting	prohibit	VERB
taxlaw-2791	224	8	shifting	shift	VERB
taxlaw-2791	224	9	of	of	ADP
taxlaw-2791	224	10	ordinary	ordinary	ADJ
taxlaw-2791	224	11	income	income	NOUN
taxlaw-2791	224	12	and	and	CCONJ
taxlaw-2791	224	13	capital	capital	NOUN
taxlaw-2791	224	14	gains	gain	NOUN
taxlaw-2791	224	15	)	)	PUNCT
taxlaw-2791	224	16	.	.	PUNCT
taxlaw-2791	225	1	because	because	SCONJ
taxlaw-2791	225	2	the	the	DET
taxlaw-2791	225	3	swap	swap	NOUN
taxlaw-2791	225	4	is	be	AUX
taxlaw-2791	225	5	merely	merely	ADV
taxlaw-2791	225	6	a	a	DET
taxlaw-2791	225	7	putative	putative	ADJ
taxlaw-2791	225	8	swap	swap	NOUN
taxlaw-2791	225	9	—	—	PUNCT
taxlaw-2791	225	10	the	the	DET
taxlaw-2791	225	11	prohibited	prohibit	VERB
taxlaw-2791	225	12	shifting	shifting	NOUN
taxlaw-2791	225	13	of	of	ADP
taxlaw-2791	225	14	tax	tax	NOUN
taxlaw-2791	225	15	consequences	consequence	NOUN
taxlaw-2791	225	16	is	be	AUX
taxlaw-2791	225	17	embedded	embed	VERB
taxlaw-2791	225	18	in	in	ADP
taxlaw-2791	225	19	the	the	DET
taxlaw-2791	225	20	structure	structure	NOUN
taxlaw-2791	225	21	of	of	ADP
taxlaw-2791	225	22	the	the	DET
taxlaw-2791	225	23	transaction	transaction	NOUN
taxlaw-2791	225	24	rather	rather	ADV
taxlaw-2791	225	25	than	than	ADP
taxlaw-2791	225	26	p	p	X
taxlaw-2791	225	27	’s	’s	X
taxlaw-2791	225	28	formal	formal	ADJ
taxlaw-2791	225	29	allocation	allocation	NOUN
taxlaw-2791	225	30	provisions	provision	NOUN
taxlaw-2791	225	31	—	—	PUNCT
taxlaw-2791	225	32	the	the	DET
taxlaw-2791	225	33	assumption	assumption	NOUN
taxlaw-2791	225	34	is	be	AUX
taxlaw-2791	225	35	that	that	SCONJ
taxlaw-2791	225	36	§	§	PROPN
taxlaw-2791	225	37	704(b	704(b	PROPN
taxlaw-2791	225	38	)	)	PUNCT
taxlaw-2791	225	39	is	be	AUX
taxlaw-2791	225	40	not	not	PART
taxlaw-2791	225	41	violated	violate	VERB
taxlaw-2791	225	42	.	.	PUNCT
taxlaw-2791	226	1	39	39	NUM
taxlaw-2791	226	2	.	.	PUNCT
taxlaw-2791	227	1	see	see	VERB
taxlaw-2791	227	2	treas	treas	PROPN
taxlaw-2791	227	3	.	.	PUNCT
taxlaw-2791	228	1	reg	reg	PROPN
taxlaw-2791	228	2	.	.	PUNCT
taxlaw-2791	229	1	§	§	PROPN
taxlaw-2791	229	2	1.701	1.701	NUM
taxlaw-2791	229	3	-	-	SYM
taxlaw-2791	229	4	2	2	NUM
taxlaw-2791	229	5	(	(	PUNCT
taxlaw-2791	229	6	1995	1995	NUM
taxlaw-2791	229	7	)	)	PUNCT
taxlaw-2791	229	8	;	;	PUNCT
taxlaw-2791	229	9	senate	senate	PROPN
taxlaw-2791	229	10	hearings	hearing	NOUN
taxlaw-2791	229	11	,	,	PUNCT
taxlaw-2791	229	12	supra	supra	PROPN
taxlaw-2791	229	13	note	note	NOUN
taxlaw-2791	229	14	1	1	NUM
taxlaw-2791	229	15	,	,	PUNCT
taxlaw-2791	229	16	at	at	ADP
taxlaw-2791	229	17	2	2	NUM
taxlaw-2791	229	18	n.4	n.4	NOUN
taxlaw-2791	229	19	(	(	PUNCT
taxlaw-2791	229	20	statement	statement	NOUN
taxlaw-2791	229	21	of	of	ADP
taxlaw-2791	229	22	charles	charles	PROPN
taxlaw-2791	229	23	i.	i.	PROPN
taxlaw-2791	229	24	kingson	kingson	PROPN
taxlaw-2791	229	25	,	,	PUNCT
taxlaw-2791	229	26	july	july	PROPN
taxlaw-2791	229	27	31	31	NUM
taxlaw-2791	229	28	,	,	PUNCT
taxlaw-2791	229	29	2007	2007	NUM
taxlaw-2791	229	30	)	)	PUNCT
taxlaw-2791	229	31	(	(	PUNCT
taxlaw-2791	229	32	“	"	PUNCT
taxlaw-2791	229	33	if	if	SCONJ
taxlaw-2791	229	34	the	the	DET
taxlaw-2791	229	35	partnership	partnership	NOUN
taxlaw-2791	229	36	anti	anti	ADJ
taxlaw-2791	229	37	-	-	ADJ
taxlaw-2791	229	38	abuse	abuse	ADJ
taxlaw-2791	229	39	rule	rule	NOUN
taxlaw-2791	229	40	has	have	VERB
taxlaw-2791	229	41	any	any	DET
taxlaw-2791	229	42	bite	bite	NOUN
taxlaw-2791	229	43	,	,	PUNCT
taxlaw-2791	229	44	use	use	NOUN
taxlaw-2791	229	45	of	of	ADP
taxlaw-2791	229	46	a	a	DET
taxlaw-2791	229	47	partnership	partnership	NOUN
taxlaw-2791	229	48	to	to	PART
taxlaw-2791	229	49	claim	claim	VERB
taxlaw-2791	229	50	capital	capital	NOUN
taxlaw-2791	229	51	gain	gain	NOUN
taxlaw-2791	229	52	from	from	ADP
taxlaw-2791	229	53	performing	perform	VERB
taxlaw-2791	229	54	services	service	NOUN
taxlaw-2791	229	55	should	should	AUX
taxlaw-2791	229	56	have	have	AUX
taxlaw-2791	229	57	been	be	AUX
taxlaw-2791	229	58	high	high	ADJ
taxlaw-2791	229	59	on	on	ADP
taxlaw-2791	229	60	the	the	DET
taxlaw-2791	229	61	list	list	NOUN
taxlaw-2791	229	62	.	.	PUNCT
taxlaw-2791	230	1	but	but	CCONJ
taxlaw-2791	230	2	conflicts	conflict	NOUN
taxlaw-2791	230	3	apparently	apparently	ADV
taxlaw-2791	230	4	prevented	prevent	VERB
taxlaw-2791	230	5	even	even	ADV
taxlaw-2791	230	6	bar	bar	NOUN
taxlaw-2791	230	7	associations	association	NOUN
taxlaw-2791	230	8	from	from	ADP
taxlaw-2791	230	9	raising	raise	VERB
taxlaw-2791	230	10	this	this	PRON
taxlaw-2791	230	11	.	.	PUNCT
taxlaw-2791	230	12	”	"	PUNCT
taxlaw-2791	230	13	)	)	PUNCT
taxlaw-2791	230	14	.	.	PUNCT
taxlaw-2791	231	1	40	40	NUM
taxlaw-2791	231	2	.	.	PUNCT
taxlaw-2791	231	3	i.r.c	i.r.c	NOUN
taxlaw-2791	231	4	.	.	PUNCT
taxlaw-2791	232	1	§	§	PROPN
taxlaw-2791	232	2	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	232	3	)	)	PUNCT
taxlaw-2791	232	4	may	may	AUX
taxlaw-2791	232	5	be	be	AUX
taxlaw-2791	232	6	understood	understand	VERB
taxlaw-2791	232	7	narrowly	narrowly	ADV
taxlaw-2791	232	8	to	to	PART
taxlaw-2791	232	9	avoid	avoid	VERB
taxlaw-2791	232	10	reaching	reach	VERB
taxlaw-2791	232	11	private	private	ADJ
taxlaw-2791	232	12	equity	equity	NOUN
taxlaw-2791	232	13	managers	manager	NOUN
taxlaw-2791	232	14	’	'	PUNCT
taxlaw-2791	232	15	compensation	compensation	NOUN
taxlaw-2791	232	16	.	.	PUNCT
taxlaw-2791	233	1	see	see	VERB
taxlaw-2791	233	2	weisbach	weisbach	NOUN
taxlaw-2791	233	3	,	,	PUNCT
taxlaw-2791	233	4	supra	supra	PROPN
taxlaw-2791	233	5	note	note	PROPN
taxlaw-2791	233	6	14	14	NUM
taxlaw-2791	233	7	,	,	PUNCT
taxlaw-2791	233	8	at	at	ADP
taxlaw-2791	233	9	731–32	731–32	PROPN
taxlaw-2791	233	10	(	(	PUNCT
taxlaw-2791	233	11	explaining	explain	VERB
taxlaw-2791	233	12	that	that	SCONJ
taxlaw-2791	233	13	§	§	PROPN
taxlaw-2791	233	14	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	233	15	)	)	PUNCT
taxlaw-2791	233	16	applies	apply	VERB
taxlaw-2791	233	17	only	only	ADV
taxlaw-2791	233	18	to	to	ADP
taxlaw-2791	233	19	distributions	distribution	NOUN
taxlaw-2791	233	20	not	not	PART
taxlaw-2791	233	21	subject	subject	ADJ
taxlaw-2791	233	22	to	to	ADP
taxlaw-2791	233	23	substantial	substantial	ADJ
taxlaw-2791	233	24	entrepreneurial	entrepreneurial	ADJ
taxlaw-2791	233	25	risk	risk	NOUN
taxlaw-2791	233	26	)	)	PUNCT
taxlaw-2791	233	27	;	;	PUNCT
taxlaw-2791	233	28	see	see	VERB
taxlaw-2791	233	29	also	also	ADV
taxlaw-2791	233	30	gergen	gergen	ADV
taxlaw-2791	233	31	,	,	PUNCT
taxlaw-2791	233	32	supra	supra	PROPN
taxlaw-2791	233	33	note	note	NOUN
taxlaw-2791	233	34	3	3	NUM
taxlaw-2791	233	35	,	,	PUNCT
taxlaw-2791	233	36	at	at	ADP
taxlaw-2791	233	37	77	77	NUM
taxlaw-2791	233	38	(	(	PUNCT
taxlaw-2791	233	39	“	"	PUNCT
taxlaw-2791	233	40	the	the	DET
taxlaw-2791	233	41	line	line	NOUN
taxlaw-2791	234	1	[	[	X
taxlaw-2791	234	2	§	§	PROPN
taxlaw-2791	234	3	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	234	4	)	)	PUNCT
taxlaw-2791	234	5	]	]	PUNCT
taxlaw-2791	235	1	draws	draw	VERB
taxlaw-2791	235	2	relates	relate	VERB
taxlaw-2791	235	3	poorly	poorly	ADV
taxlaw-2791	235	4	to	to	ADP
taxlaw-2791	235	5	the	the	DET
taxlaw-2791	235	6	real	real	ADJ
taxlaw-2791	235	7	policy	policy	NOUN
taxlaw-2791	235	8	concern	concern	NOUN
taxlaw-2791	235	9	,	,	PUNCT
taxlaw-2791	235	10	and	and	CCONJ
taxlaw-2791	235	11	the	the	DET
taxlaw-2791	235	12	line	line	NOUN
taxlaw-2791	235	13	is	be	AUX
taxlaw-2791	235	14	poorly	poorly	ADV
taxlaw-2791	235	15	drawn	draw	VERB
taxlaw-2791	235	16	.	.	PUNCT
taxlaw-2791	235	17	”	"	PUNCT
taxlaw-2791	235	18	)	)	PUNCT
taxlaw-2791	235	19	.	.	PUNCT
taxlaw-2791	236	1	cf	cf	NOUN
taxlaw-2791	236	2	.	.	PUNCT
taxlaw-2791	237	1	american	american	PROPN
taxlaw-2791	237	2	law	law	PROPN
taxlaw-2791	237	3	institute	institute	PROPN
taxlaw-2791	237	4	,	,	PUNCT
taxlaw-2791	237	5	federal	federal	ADJ
taxlaw-2791	237	6	income	income	NOUN
taxlaw-2791	237	7	tax	tax	NOUN
taxlaw-2791	237	8	project	project	NOUN
taxlaw-2791	237	9	:	:	PUNCT
taxlaw-2791	237	10	subchapter	subchapter	PROPN
taxlaw-2791	237	11	k	k	NOUN
taxlaw-2791	237	12	,	,	PUNCT
taxlaw-2791	237	13	proposals	proposal	NOUN
taxlaw-2791	237	14	on	on	ADP
taxlaw-2791	237	15	the	the	DET
taxlaw-2791	237	16	taxation	taxation	NOUN
taxlaw-2791	237	17	of	of	ADP
taxlaw-2791	237	18	partners	partner	NOUN
taxlaw-2791	237	19	155–64	155–64	PROPN
taxlaw-2791	237	20	(	(	PUNCT
taxlaw-2791	237	21	1984	1984	NUM
taxlaw-2791	237	22	)	)	PUNCT
taxlaw-2791	237	23	.	.	PUNCT
taxlaw-2791	238	1	41	41	NUM
taxlaw-2791	238	2	.	.	PUNCT
taxlaw-2791	239	1	see	see	VERB
taxlaw-2791	239	2	sanchirico	sanchirico	NOUN
taxlaw-2791	239	3	,	,	PUNCT
taxlaw-2791	239	4	supra	supra	ADJ
taxlaw-2791	239	5	note	note	NOUN
taxlaw-2791	239	6	5	5	NUM
taxlaw-2791	239	7	,	,	PUNCT
taxlaw-2791	239	8	at	at	ADP
taxlaw-2791	239	9	1077	1077	NUM
taxlaw-2791	239	10	n.14	n.14	PROPN
taxlaw-2791	239	11	(	(	PUNCT
taxlaw-2791	239	12	noting	note	VERB
taxlaw-2791	239	13	that	that	SCONJ
taxlaw-2791	239	14	the	the	DET
taxlaw-2791	239	15	joint	joint	ADJ
taxlaw-2791	239	16	-	-	PUNCT
taxlaw-2791	239	17	tax	tax	NOUN
taxlaw-2791	239	18	perspective	perspective	NOUN
taxlaw-2791	239	19	“	"	PUNCT
taxlaw-2791	239	20	is	be	AUX
taxlaw-2791	239	21	oddly	oddly	ADV
taxlaw-2791	239	22	neglected	neglect	VERB
taxlaw-2791	239	23	in	in	ADP
taxlaw-2791	239	24	the	the	DET
taxlaw-2791	239	25	treatment	treatment	NOUN
taxlaw-2791	239	26	of	of	ADP
taxlaw-2791	239	27	private	private	ADJ
taxlaw-2791	239	28	equity	equity	NOUN
taxlaw-2791	239	29	profits	profit	NOUN
taxlaw-2791	239	30	interests	interest	NOUN
taxlaw-2791	239	31	”	"	PUNCT
taxlaw-2791	239	32	)	)	PUNCT
taxlaw-2791	239	33	;	;	PUNCT
taxlaw-2791	239	34	knoll	knoll	NOUN
taxlaw-2791	239	35	,	,	PUNCT
taxlaw-2791	239	36	supra	supra	PROPN
taxlaw-2791	239	37	note	note	NOUN
taxlaw-2791	239	38	6	6	NUM
taxlaw-2791	239	39	,	,	PUNCT
taxlaw-2791	239	40	at	at	ADP
taxlaw-2791	239	41	126–27	126–27	NUM
taxlaw-2791	239	42	(	(	PUNCT
taxlaw-2791	239	43	noting	note	VERB
taxlaw-2791	239	44	that	that	SCONJ
taxlaw-2791	239	45	“	"	PUNCT
taxlaw-2791	239	46	the	the	DET
taxlaw-2791	239	47	tax	tax	NOUN
taxlaw-2791	239	48	consequences	consequence	NOUN
taxlaw-2791	239	49	.	.	PUNCT
taxlaw-2791	239	50	.	.	PUNCT
taxlaw-2791	240	1	.	.	PUNCT
taxlaw-2791	241	1	should	should	AUX
taxlaw-2791	241	2	be	be	AUX
taxlaw-2791	241	3	evaluated	evaluate	VERB
taxlaw-2791	241	4	globally	globally	ADV
taxlaw-2791	241	5	,	,	PUNCT
taxlaw-2791	241	6	for	for	ADP
taxlaw-2791	241	7	all	all	DET
taxlaw-2791	241	8	parties	party	NOUN
taxlaw-2791	241	9	to	to	ADP
taxlaw-2791	241	10	a	a	DET
taxlaw-2791	241	11	transaction	transaction	NOUN
taxlaw-2791	241	12	,	,	PUNCT
taxlaw-2791	241	13	not	not	PART
taxlaw-2791	241	14	just	just	ADV
taxlaw-2791	241	15	for	for	ADP
taxlaw-2791	241	16	one	one	NUM
taxlaw-2791	241	17	party	party	NOUN
taxlaw-2791	241	18	in	in	ADP
taxlaw-2791	241	19	isolation	isolation	NOUN
taxlaw-2791	241	20	.	.	PUNCT
taxlaw-2791	241	21	”	"	PUNCT
taxlaw-2791	241	22	)	)	PUNCT
taxlaw-2791	241	23	.	.	PUNCT
taxlaw-2791	242	1	12	12	NUM
taxlaw-2791	242	2	columbia	columbia	PROPN
taxlaw-2791	242	3	jour	jour	PROPN
taxlaw-2791	242	4	�	�	PROPN
taxlaw-2791	242	5	al	al	PROPN
taxlaw-2791	242	6	of	of	ADP
taxlaw-2791	242	7	tax	tax	NOUN
taxlaw-2791	242	8	law	law	NOUN
taxlaw-2791	242	9	[	[	X
taxlaw-2791	242	10	vol	vol	NOUN
taxlaw-2791	242	11	.	.	PUNCT
taxlaw-2791	243	1	1:1	1:1	NUM
taxlaw-2791	243	2	fundamental	fundamental	ADJ
taxlaw-2791	243	3	principles	principle	NOUN
taxlaw-2791	243	4	of	of	ADP
taxlaw-2791	243	5	partnership	partnership	NOUN
taxlaw-2791	243	6	taxation.42	taxation.42	NOUN
taxlaw-2791	243	7	because	because	SCONJ
taxlaw-2791	243	8	the	the	DET
taxlaw-2791	243	9	reform	reform	NOUN
taxlaw-2791	243	10	debate	debate	NOUN
taxlaw-2791	243	11	largely	largely	ADV
taxlaw-2791	243	12	overlooked	overlook	VERB
taxlaw-2791	243	13	existing	exist	VERB
taxlaw-2791	243	14	partnership	partnership	NOUN
taxlaw-2791	243	15	anti	anti	ADJ
taxlaw-2791	243	16	-	-	ADJ
taxlaw-2791	243	17	abuse	abuse	ADJ
taxlaw-2791	243	18	rules	rule	NOUN
taxlaw-2791	243	19	,	,	PUNCT
taxlaw-2791	243	20	congress	congress	PROPN
taxlaw-2791	243	21	may	may	AUX
taxlaw-2791	243	22	have	have	AUX
taxlaw-2791	243	23	failed	fail	VERB
taxlaw-2791	243	24	to	to	PART
taxlaw-2791	243	25	fully	fully	ADV
taxlaw-2791	243	26	appreciate	appreciate	VERB
taxlaw-2791	243	27	alternative	alternative	ADJ
taxlaw-2791	243	28	solutions	solution	NOUN
taxlaw-2791	243	29	.	.	PUNCT
taxlaw-2791	244	1	b.	b.	PROPN
taxlaw-2791	244	2	economic	economic	ADJ
taxlaw-2791	244	3	risk	risk	NOUN
taxlaw-2791	244	4	of	of	ADP
taxlaw-2791	244	5	loss	loss	NOUN
taxlaw-2791	244	6	and	and	CCONJ
taxlaw-2791	244	7	deemed	deem	VERB
taxlaw-2791	244	8	taxes	taxis	NOUN
taxlaw-2791	244	9	in	in	ADP
taxlaw-2791	244	10	the	the	DET
taxlaw-2791	244	11	carried	carry	VERB
taxlaw-2791	244	12	interest	interest	NOUN
taxlaw-2791	244	13	debate	debate	NOUN
taxlaw-2791	244	14	,	,	PUNCT
taxlaw-2791	244	15	the	the	DET
taxlaw-2791	244	16	fundamental	fundamental	ADJ
taxlaw-2791	244	17	issue	issue	NOUN
taxlaw-2791	244	18	is	be	AUX
taxlaw-2791	244	19	whether	whether	SCONJ
taxlaw-2791	244	20	gp	gp	NOUN
taxlaw-2791	244	21	should	should	AUX
taxlaw-2791	244	22	be	be	AUX
taxlaw-2791	244	23	respected	respect	VERB
taxlaw-2791	244	24	as	as	ADP
taxlaw-2791	244	25	a	a	DET
taxlaw-2791	244	26	partner	partner	NOUN
taxlaw-2791	244	27	even	even	ADV
taxlaw-2791	244	28	though	though	SCONJ
taxlaw-2791	244	29	his	his	PRON
taxlaw-2791	244	30	interest	interest	NOUN
taxlaw-2791	244	31	is	be	AUX
taxlaw-2791	244	32	in	in	ADP
taxlaw-2791	244	33	all	all	DET
taxlaw-2791	244	34	respects	respect	NOUN
taxlaw-2791	244	35	essentially	essentially	ADV
taxlaw-2791	244	36	identical	identical	ADJ
taxlaw-2791	244	37	to	to	ADP
taxlaw-2791	244	38	that	that	PRON
taxlaw-2791	244	39	of	of	ADP
taxlaw-2791	244	40	an	an	DET
taxlaw-2791	244	41	option	option	NOUN
taxlaw-2791	244	42	holder	holder	NOUN
taxlaw-2791	244	43	.	.	PUNCT
taxlaw-2791	245	1	as	as	ADP
taxlaw-2791	245	2	a	a	DET
taxlaw-2791	245	3	putative	putative	ADJ
taxlaw-2791	245	4	profits	profit	NOUN
taxlaw-2791	245	5	holder	holder	NOUN
taxlaw-2791	245	6	,	,	PUNCT
taxlaw-2791	245	7	gp	gp	NOUN
taxlaw-2791	245	8	has	have	VERB
taxlaw-2791	245	9	a	a	DET
taxlaw-2791	245	10	right	right	NOUN
taxlaw-2791	245	11	to	to	PART
taxlaw-2791	245	12	share	share	VERB
taxlaw-2791	245	13	in	in	ADP
taxlaw-2791	245	14	future	future	ADJ
taxlaw-2791	245	15	appreciation	appreciation	NOUN
taxlaw-2791	245	16	if	if	SCONJ
taxlaw-2791	245	17	p	p	NOUN
taxlaw-2791	245	18	increases	increase	VERB
taxlaw-2791	245	19	in	in	ADP
taxlaw-2791	245	20	value	value	NOUN
taxlaw-2791	245	21	above	above	ADP
taxlaw-2791	245	22	$	$	SYM
taxlaw-2791	245	23	40	40	NUM
taxlaw-2791	245	24	million	million	NUM
taxlaw-2791	245	25	but	but	CCONJ
taxlaw-2791	245	26	bears	bear	VERB
taxlaw-2791	245	27	no	no	DET
taxlaw-2791	245	28	risk	risk	NOUN
taxlaw-2791	245	29	of	of	ADP
taxlaw-2791	245	30	loss	loss	NOUN
taxlaw-2791	245	31	except	except	SCONJ
taxlaw-2791	245	32	for	for	ADP
taxlaw-2791	245	33	the	the	DET
taxlaw-2791	245	34	contingent	contingent	ADJ
taxlaw-2791	245	35	obligation	obligation	NOUN
taxlaw-2791	245	36	to	to	PART
taxlaw-2791	245	37	restore	restore	VERB
taxlaw-2791	245	38	“	"	PUNCT
taxlaw-2791	245	39	excess	excess	ADJ
taxlaw-2791	245	40	”	"	PUNCT
taxlaw-2791	245	41	distributions.43	distributions.43	PROPN
taxlaw-2791	245	42	if	if	SCONJ
taxlaw-2791	245	43	p	p	PRON
taxlaw-2791	245	44	initially	initially	ADV
taxlaw-2791	245	45	realizes	realize	VERB
taxlaw-2791	245	46	investment	investment	NOUN
taxlaw-2791	245	47	gains	gain	NOUN
taxlaw-2791	245	48	and	and	CCONJ
taxlaw-2791	245	49	subsequently	subsequently	ADV
taxlaw-2791	245	50	incurs	incur	VERB
taxlaw-2791	245	51	investment	investment	NOUN
taxlaw-2791	245	52	losses	loss	NOUN
taxlaw-2791	245	53	,	,	PUNCT
taxlaw-2791	245	54	the	the	DET
taxlaw-2791	245	55	early	early	ADJ
taxlaw-2791	245	56	distributions	distribution	NOUN
taxlaw-2791	245	57	to	to	ADP
taxlaw-2791	245	58	gp	gp	NOUN
taxlaw-2791	245	59	may	may	AUX
taxlaw-2791	245	60	exceed	exceed	VERB
taxlaw-2791	245	61	20	20	NUM
taxlaw-2791	245	62	%	%	NOUN
taxlaw-2791	245	63	of	of	ADP
taxlaw-2791	245	64	p	p	X
taxlaw-2791	245	65	’s	’s	PART
taxlaw-2791	245	66	aggregate	aggregate	ADJ
taxlaw-2791	245	67	gains	gain	NOUN
taxlaw-2791	245	68	over	over	ADP
taxlaw-2791	245	69	p	p	X
taxlaw-2791	245	70	’s	’s	NOUN
taxlaw-2791	245	71	life	life	NOUN
taxlaw-2791	245	72	cycle	cycle	NOUN
taxlaw-2791	245	73	,	,	PUNCT
taxlaw-2791	245	74	triggering	trigger	VERB
taxlaw-2791	245	75	the	the	DET
taxlaw-2791	245	76	clawback	clawback	NOUN
taxlaw-2791	245	77	provision	provision	NOUN
taxlaw-2791	245	78	.	.	PUNCT
taxlaw-2791	246	1	the	the	DET
taxlaw-2791	246	2	function	function	NOUN
taxlaw-2791	246	3	of	of	ADP
taxlaw-2791	246	4	the	the	DET
taxlaw-2791	246	5	clawback	clawback	NOUN
taxlaw-2791	246	6	provision	provision	NOUN
taxlaw-2791	246	7	is	be	AUX
taxlaw-2791	246	8	to	to	PART
taxlaw-2791	246	9	align	align	VERB
taxlaw-2791	246	10	the	the	DET
taxlaw-2791	246	11	parties	party	NOUN
taxlaw-2791	246	12	’	’	PART
taxlaw-2791	246	13	respective	respective	ADJ
taxlaw-2791	246	14	economic	economic	ADJ
taxlaw-2791	246	15	interests	interest	NOUN
taxlaw-2791	246	16	,	,	PUNCT
taxlaw-2791	246	17	particularly	particularly	ADV
taxlaw-2791	246	18	given	give	VERB
taxlaw-2791	246	19	gp	gp	NOUN
taxlaw-2791	246	20	’s	’s	PART
taxlaw-2791	246	21	control	control	NOUN
taxlaw-2791	246	22	over	over	ADP
taxlaw-2791	246	23	the	the	DET
taxlaw-2791	246	24	timing	timing	NOUN
taxlaw-2791	246	25	of	of	ADP
taxlaw-2791	246	26	gain	gain	NOUN
taxlaw-2791	246	27	recognition	recognition	NOUN
taxlaw-2791	246	28	,	,	PUNCT
taxlaw-2791	246	29	and	and	CCONJ
taxlaw-2791	246	30	to	to	PART
taxlaw-2791	246	31	achieve	achieve	VERB
taxlaw-2791	246	32	cumulative	cumulative	ADJ
taxlaw-2791	246	33	aggregation	aggregation	NOUN
taxlaw-2791	246	34	of	of	ADP
taxlaw-2791	246	35	gains	gain	NOUN
taxlaw-2791	246	36	.	.	PUNCT
taxlaw-2791	247	1	example	example	NOUN
taxlaw-2791	247	2	(	(	PUNCT
taxlaw-2791	247	3	2)—unearned	2)—unearned	NUM
taxlaw-2791	247	4	carry	carry	NOUN
taxlaw-2791	247	5	.	.	PUNCT
taxlaw-2791	248	1	the	the	DET
taxlaw-2791	248	2	facts	fact	NOUN
taxlaw-2791	248	3	are	be	AUX
taxlaw-2791	248	4	the	the	DET
taxlaw-2791	248	5	same	same	ADJ
taxlaw-2791	248	6	as	as	ADP
taxlaw-2791	248	7	in	in	ADP
taxlaw-2791	248	8	example	example	NOUN
taxlaw-2791	248	9	(	(	PUNCT
taxlaw-2791	248	10	1	1	NUM
taxlaw-2791	248	11	)	)	PUNCT
taxlaw-2791	248	12	,	,	PUNCT
taxlaw-2791	248	13	except	except	SCONJ
taxlaw-2791	248	14	that	that	SCONJ
taxlaw-2791	248	15	p	p	PROPN
taxlaw-2791	248	16	sells	sell	VERB
taxlaw-2791	248	17	d	d	NOUN
taxlaw-2791	248	18	for	for	ADP
taxlaw-2791	248	19	only	only	ADV
taxlaw-2791	248	20	$	$	SYM
taxlaw-2791	248	21	5	5	NUM
taxlaw-2791	248	22	million	million	NUM
taxlaw-2791	248	23	,	,	PUNCT
taxlaw-2791	248	24	triggering	trigger	VERB
taxlaw-2791	248	25	a	a	DET
taxlaw-2791	248	26	$	$	SYM
taxlaw-2791	248	27	5	5	NUM
taxlaw-2791	248	28	million	million	NUM
taxlaw-2791	248	29	loss	loss	NOUN
taxlaw-2791	248	30	(	(	PUNCT
taxlaw-2791	248	31	$	$	SYM
taxlaw-2791	248	32	5	5	NUM
taxlaw-2791	248	33	million	million	NUM
taxlaw-2791	248	34	less	less	ADJ
taxlaw-2791	248	35	$	$	SYM
taxlaw-2791	248	36	10	10	NUM
taxlaw-2791	248	37	million	million	NUM
taxlaw-2791	248	38	basis	basis	NOUN
taxlaw-2791	248	39	)	)	PUNCT
taxlaw-2791	248	40	.	.	PUNCT
taxlaw-2791	249	1	overall	overall	ADV
taxlaw-2791	249	2	,	,	PUNCT
taxlaw-2791	249	3	p	p	PRON
taxlaw-2791	249	4	just	just	ADV
taxlaw-2791	249	5	breaks	break	VERB
taxlaw-2791	249	6	even	even	ADV
taxlaw-2791	249	7	(	(	PUNCT
taxlaw-2791	249	8	ignoring	ignore	VERB
taxlaw-2791	249	9	the	the	DET
taxlaw-2791	249	10	time	time	NOUN
taxlaw-2791	249	11	value	value	NOUN
taxlaw-2791	249	12	of	of	ADP
taxlaw-2791	249	13	money	money	NOUN
taxlaw-2791	249	14	)	)	PUNCT
taxlaw-2791	249	15	;	;	PUNCT
taxlaw-2791	249	16	since	since	SCONJ
taxlaw-2791	249	17	p	p	NOUN
taxlaw-2791	249	18	has	have	VERB
taxlaw-2791	249	19	no	no	DET
taxlaw-2791	249	20	cumulative	cumulative	ADJ
taxlaw-2791	249	21	profits	profit	NOUN
taxlaw-2791	249	22	,	,	PUNCT
taxlaw-2791	249	23	gp	gp	NOUN
taxlaw-2791	249	24	’s	’s	NOUN
taxlaw-2791	249	25	entire	entire	ADJ
taxlaw-2791	249	26	$	$	SYM
taxlaw-2791	249	27	1	1	NUM
taxlaw-2791	249	28	million	million	NUM
taxlaw-2791	249	29	of	of	ADP
taxlaw-2791	249	30	distributions	distribution	NOUN
taxlaw-2791	249	31	should	should	AUX
taxlaw-2791	249	32	apparently	apparently	ADV
taxlaw-2791	249	33	be	be	AUX
taxlaw-2791	249	34	clawed	claw	VERB
taxlaw-2791	249	35	back.44	back.44	NOUN
taxlaw-2791	249	36	in	in	ADP
taxlaw-2791	249	37	reality	reality	NOUN
taxlaw-2791	249	38	,	,	PUNCT
taxlaw-2791	249	39	gp	gp	NOUN
taxlaw-2791	249	40	’s	’s	PART
taxlaw-2791	249	41	clawback	clawback	NOUN
taxlaw-2791	249	42	is	be	AUX
taxlaw-2791	249	43	often	often	ADV
taxlaw-2791	249	44	limited	limit	VERB
taxlaw-2791	249	45	to	to	ADP
taxlaw-2791	249	46	after	after	ADP
taxlaw-2791	249	47	-	-	PUNCT
taxlaw-2791	249	48	tax	tax	NOUN
taxlaw-2791	249	49	distributions	distribution	NOUN
taxlaw-2791	249	50	.	.	PUNCT
taxlaw-2791	250	1	typically	typically	ADV
taxlaw-2791	250	2	,	,	PUNCT
taxlaw-2791	250	3	gp	gp	NOUN
taxlaw-2791	250	4	takes	take	VERB
taxlaw-2791	250	5	the	the	DET
taxlaw-2791	250	6	position	position	NOUN
taxlaw-2791	250	7	that	that	SCONJ
taxlaw-2791	250	8	the	the	DET
taxlaw-2791	250	9	clawback	clawback	NOUN
taxlaw-2791	250	10	obligation	obligation	NOUN
taxlaw-2791	250	11	should	should	AUX
taxlaw-2791	250	12	be	be	AUX
taxlaw-2791	250	13	reduced	reduce	VERB
taxlaw-2791	250	14	by	by	ADP
taxlaw-2791	250	15	reference	reference	NOUN
taxlaw-2791	250	16	to	to	ADP
taxlaw-2791	250	17	a	a	DET
taxlaw-2791	250	18	hypothetical	hypothetical	ADJ
taxlaw-2791	250	19	tax	tax	NOUN
taxlaw-2791	250	20	rate	rate	NOUN
taxlaw-2791	250	21	,	,	PUNCT
taxlaw-2791	250	22	often	often	ADV
taxlaw-2791	250	23	determined	determine	VERB
taxlaw-2791	250	24	by	by	ADP
taxlaw-2791	250	25	reference	reference	NOUN
taxlaw-2791	250	26	to	to	ADP
taxlaw-2791	250	27	the	the	DET
taxlaw-2791	250	28	highest	high	ADJ
taxlaw-2791	250	29	tax	tax	NOUN
taxlaw-2791	250	30	rate	rate	NOUN
taxlaw-2791	250	31	applicable	applicable	ADJ
taxlaw-2791	250	32	to	to	ADP
taxlaw-2791	250	33	the	the	DET
taxlaw-2791	250	34	income	income	NOUN
taxlaw-2791	250	35	earned	earn	VERB
taxlaw-2791	250	36	.	.	PUNCT
taxlaw-2791	251	1	assume	assume	VERB
taxlaw-2791	251	2	that	that	SCONJ
taxlaw-2791	251	3	p	p	NOUN
taxlaw-2791	251	4	employs	employ	VERB
taxlaw-2791	251	5	a	a	DET
taxlaw-2791	251	6	“	"	PUNCT
taxlaw-2791	251	7	net	net	NOUN
taxlaw-2791	251	8	-	-	PUNCT
taxlaw-2791	251	9	of	of	ADP
taxlaw-2791	251	10	-	-	PUNCT
taxlaw-2791	251	11	tax	tax	NOUN
taxlaw-2791	251	12	”	"	PUNCT
taxlaw-2791	251	13	formula	formula	NOUN
taxlaw-2791	251	14	that	that	PRON
taxlaw-2791	251	15	reduces	reduce	VERB
taxlaw-2791	251	16	the	the	DET
taxlaw-2791	251	17	clawback	clawback	NOUN
taxlaw-2791	251	18	by	by	ADP
taxlaw-2791	251	19	reference	reference	NOUN
taxlaw-2791	251	20	to	to	ADP
taxlaw-2791	251	21	an	an	DET
taxlaw-2791	251	22	assumed	assumed	ADJ
taxlaw-2791	251	23	marginal	marginal	ADJ
taxlaw-2791	251	24	rate	rate	NOUN
taxlaw-2791	251	25	of	of	ADP
taxlaw-2791	251	26	25%.45	25%.45	NUM
taxlaw-2791	251	27	in	in	ADP
taxlaw-2791	251	28	this	this	DET
taxlaw-2791	251	29	event	event	NOUN
taxlaw-2791	251	30	,	,	PUNCT
taxlaw-2791	251	31	gp	gp	NOUN
taxlaw-2791	251	32	must	must	AUX
taxlaw-2791	251	33	return	return	VERB
taxlaw-2791	251	34	the	the	DET
taxlaw-2791	251	35	lesser	less	ADJ
taxlaw-2791	251	36	of	of	ADP
taxlaw-2791	251	37	(	(	PUNCT
taxlaw-2791	251	38	1	1	NUM
taxlaw-2791	251	39	)	)	PUNCT
taxlaw-2791	251	40	42	42	NUM
taxlaw-2791	251	41	.	.	PUNCT
taxlaw-2791	252	1	indeed	indeed	ADV
taxlaw-2791	252	2	,	,	PUNCT
taxlaw-2791	252	3	one	one	NUM
taxlaw-2791	252	4	commentator	commentator	NOUN
taxlaw-2791	252	5	concluded	conclude	VERB
taxlaw-2791	252	6	just	just	ADV
taxlaw-2791	252	7	the	the	DET
taxlaw-2791	252	8	opposite	opposite	NOUN
taxlaw-2791	252	9	:	:	PUNCT
taxlaw-2791	252	10	namely	namely	ADV
taxlaw-2791	252	11	,	,	PUNCT
taxlaw-2791	252	12	that	that	SCONJ
taxlaw-2791	252	13	the	the	DET
taxlaw-2791	252	14	partnership	partnership	NOUN
taxlaw-2791	252	15	rules	rule	NOUN
taxlaw-2791	252	16	give	give	VERB
taxlaw-2791	252	17	carte	carte	NOUN
taxlaw-2791	252	18	blanche	blanche	NOUN
taxlaw-2791	252	19	to	to	ADP
taxlaw-2791	252	20	partners	partner	NOUN
taxlaw-2791	252	21	to	to	PART
taxlaw-2791	252	22	reallocate	reallocate	VERB
taxlaw-2791	252	23	income	income	NOUN
taxlaw-2791	252	24	to	to	PART
taxlaw-2791	252	25	minimize	minimize	VERB
taxlaw-2791	252	26	taxes	taxis	NOUN
taxlaw-2791	252	27	and	and	CCONJ
taxlaw-2791	252	28	to	to	PART
taxlaw-2791	252	29	avoid	avoid	VERB
taxlaw-2791	252	30	other	other	ADJ
taxlaw-2791	252	31	restrictions	restriction	NOUN
taxlaw-2791	252	32	.	.	PUNCT
taxlaw-2791	253	1	see	see	VERB
taxlaw-2791	253	2	viard	viard	NOUN
taxlaw-2791	253	3	,	,	PUNCT
taxlaw-2791	253	4	supra	supra	PROPN
taxlaw-2791	253	5	note	note	NOUN
taxlaw-2791	253	6	16	16	NUM
taxlaw-2791	253	7	,	,	PUNCT
taxlaw-2791	253	8	at	at	ADP
taxlaw-2791	253	9	459	459	NUM
taxlaw-2791	253	10	(	(	PUNCT
taxlaw-2791	253	11	“	"	PUNCT
taxlaw-2791	253	12	the	the	DET
taxlaw-2791	253	13	reallocation	reallocation	NOUN
taxlaw-2791	253	14	is	be	AUX
taxlaw-2791	253	15	an	an	DET
taxlaw-2791	253	16	application	application	NOUN
taxlaw-2791	253	17	of	of	ADP
taxlaw-2791	253	18	economy	economy	NOUN
taxlaw-2791	253	19	-	-	PUNCT
taxlaw-2791	253	20	wide	wide	ADJ
taxlaw-2791	253	21	partnership	partnership	NOUN
taxlaw-2791	253	22	tax	tax	NOUN
taxlaw-2791	253	23	rules	rule	NOUN
taxlaw-2791	253	24	.	.	PUNCT
taxlaw-2791	253	25	”	"	PUNCT
taxlaw-2791	253	26	)	)	PUNCT
taxlaw-2791	253	27	.	.	PUNCT
taxlaw-2791	254	1	43	43	NUM
taxlaw-2791	254	2	.	.	PUNCT
taxlaw-2791	255	1	more	more	ADV
taxlaw-2791	255	2	precisely	precisely	ADV
taxlaw-2791	255	3	,	,	PUNCT
taxlaw-2791	255	4	losses	loss	NOUN
taxlaw-2791	255	5	are	be	AUX
taxlaw-2791	255	6	allocated	allocate	VERB
taxlaw-2791	255	7	in	in	ADP
taxlaw-2791	255	8	the	the	DET
taxlaw-2791	255	9	same	same	ADJ
taxlaw-2791	255	10	manner	manner	NOUN
taxlaw-2791	255	11	as	as	ADP
taxlaw-2791	255	12	prior	prior	ADJ
taxlaw-2791	255	13	allocations	allocation	NOUN
taxlaw-2791	255	14	of	of	ADP
taxlaw-2791	255	15	profits	profit	NOUN
taxlaw-2791	255	16	until	until	SCONJ
taxlaw-2791	255	17	such	such	ADJ
taxlaw-2791	255	18	losses	loss	NOUN
taxlaw-2791	255	19	have	have	AUX
taxlaw-2791	255	20	offset	offset	VERB
taxlaw-2791	255	21	all	all	DET
taxlaw-2791	255	22	previously	previously	ADV
taxlaw-2791	255	23	allocated	allocate	VERB
taxlaw-2791	255	24	profits	profit	NOUN
taxlaw-2791	255	25	;	;	PUNCT
taxlaw-2791	255	26	any	any	DET
taxlaw-2791	255	27	additional	additional	ADJ
taxlaw-2791	255	28	losses	loss	NOUN
taxlaw-2791	255	29	are	be	AUX
taxlaw-2791	255	30	allocated	allocate	VERB
taxlaw-2791	255	31	100	100	NUM
taxlaw-2791	255	32	%	%	NOUN
taxlaw-2791	255	33	to	to	PART
taxlaw-2791	255	34	contributed	contributed	VERB
taxlaw-2791	255	35	capital	capital	NOUN
taxlaw-2791	255	36	.	.	PUNCT
taxlaw-2791	256	1	44	44	NUM
taxlaw-2791	256	2	.	.	PUNCT
taxlaw-2791	257	1	if	if	SCONJ
taxlaw-2791	257	2	gp	gp	NOUN
taxlaw-2791	257	3	restored	restore	VERB
taxlaw-2791	257	4	$	$	SYM
taxlaw-2791	257	5	1	1	NUM
taxlaw-2791	257	6	million	million	NUM
taxlaw-2791	257	7	to	to	ADP
taxlaw-2791	257	8	p	p	X
taxlaw-2791	257	9	,	,	PUNCT
taxlaw-2791	257	10	lp	lp	PRON
taxlaw-2791	257	11	would	would	AUX
taxlaw-2791	257	12	receive	receive	VERB
taxlaw-2791	257	13	$	$	SYM
taxlaw-2791	257	14	6	6	NUM
taxlaw-2791	257	15	million	million	NUM
taxlaw-2791	257	16	on	on	ADP
taxlaw-2791	257	17	liquidation	liquidation	NOUN
taxlaw-2791	257	18	(	(	PUNCT
taxlaw-2791	257	19	$	$	SYM
taxlaw-2791	257	20	5	5	NUM
taxlaw-2791	257	21	million	million	NUM
taxlaw-2791	257	22	from	from	ADP
taxlaw-2791	257	23	sale	sale	NOUN
taxlaw-2791	257	24	of	of	ADP
taxlaw-2791	257	25	d	d	PROPN
taxlaw-2791	257	26	and	and	CCONJ
taxlaw-2791	257	27	$	$	SYM
taxlaw-2791	257	28	1	1	NUM
taxlaw-2791	257	29	million	million	NUM
taxlaw-2791	257	30	from	from	ADP
taxlaw-2791	257	31	gp	gp	NOUN
taxlaw-2791	257	32	’s	’s	PART
taxlaw-2791	257	33	contribution	contribution	NOUN
taxlaw-2791	257	34	)	)	PUNCT
taxlaw-2791	257	35	.	.	PUNCT
taxlaw-2791	258	1	cumulatively	cumulatively	ADV
taxlaw-2791	258	2	,	,	PUNCT
taxlaw-2791	258	3	lp	lp	PRON
taxlaw-2791	258	4	would	would	AUX
taxlaw-2791	258	5	receive	receive	VERB
taxlaw-2791	258	6	$	$	SYM
taxlaw-2791	258	7	40	40	NUM
taxlaw-2791	258	8	million	million	NUM
taxlaw-2791	258	9	and	and	CCONJ
taxlaw-2791	258	10	gp	gp	NOUN
taxlaw-2791	258	11	would	would	AUX
taxlaw-2791	258	12	receive	receive	VERB
taxlaw-2791	258	13	zero	zero	NUM
taxlaw-2791	258	14	.	.	PUNCT
taxlaw-2791	259	1	45	45	NUM
taxlaw-2791	259	2	.	.	PUNCT
taxlaw-2791	260	1	see	see	VERB
taxlaw-2791	260	2	needham	needham	PROPN
taxlaw-2791	260	3	&	&	CCONJ
taxlaw-2791	260	4	adams	adams	PROPN
taxlaw-2791	260	5	,	,	PUNCT
taxlaw-2791	260	6	supra	supra	PROPN
taxlaw-2791	260	7	note	note	PROPN
taxlaw-2791	260	8	27	27	NUM
taxlaw-2791	260	9	,	,	PUNCT
taxlaw-2791	260	10	at	at	ADP
taxlaw-2791	260	11	a-10	a-10	PROPN
taxlaw-2791	260	12	to	to	ADP
taxlaw-2791	260	13	a-11	a-11	PROPN
taxlaw-2791	260	14	;	;	PUNCT
taxlaw-2791	260	15	paul	paul	PROPN
taxlaw-2791	260	16	h.	h.	PROPN
taxlaw-2791	260	17	asofsky	asofsky	PROPN
taxlaw-2791	260	18	&	&	CCONJ
taxlaw-2791	260	19	andrew	andrew	PROPN
taxlaw-2791	260	20	w.	w.	PROPN
taxlaw-2791	260	21	needham	needham	PROPN
taxlaw-2791	260	22	,	,	PUNCT
taxlaw-2791	260	23	u.s	u.s	PROPN
taxlaw-2791	260	24	.	.	PROPN
taxlaw-2791	260	25	private	private	ADJ
taxlaw-2791	260	26	equity	equity	NOUN
taxlaw-2791	260	27	funds	fund	NOUN
taxlaw-2791	260	28	:	:	PUNCT
taxlaw-2791	260	29	common	common	ADJ
taxlaw-2791	260	30	tax	tax	NOUN
taxlaw-2791	260	31	issues	issue	NOUN
taxlaw-2791	260	32	for	for	ADP
taxlaw-2791	260	33	investors	investor	NOUN
taxlaw-2791	260	34	and	and	CCONJ
taxlaw-2791	260	35	other	other	ADJ
taxlaw-2791	260	36	participants	participant	NOUN
taxlaw-2791	260	37	,	,	PUNCT
taxlaw-2791	260	38	630	630	NUM
taxlaw-2791	260	39	pli	pli	PROPN
taxlaw-2791	260	40	/	/	SYM
taxlaw-2791	260	41	tax	tax	NOUN
taxlaw-2791	260	42	1275	1275	NUM
taxlaw-2791	260	43	,	,	PUNCT
taxlaw-2791	260	44	1308	1308	NUM
taxlaw-2791	260	45	(	(	PUNCT
taxlaw-2791	260	46	2004	2004	NUM
taxlaw-2791	260	47	)	)	PUNCT
taxlaw-2791	260	48	(	(	PUNCT
taxlaw-2791	260	49	“	"	PUNCT
taxlaw-2791	260	50	most	most	ADJ
taxlaw-2791	260	51	fund	fund	NOUN
taxlaw-2791	260	52	clawback	clawback	NOUN
taxlaw-2791	260	53	provisions	provision	NOUN
taxlaw-2791	260	54	net	net	VERB
taxlaw-2791	260	55	the	the	DET
taxlaw-2791	260	56	maximum	maximum	ADJ
taxlaw-2791	260	57	clawback	clawback	NOUN
taxlaw-2791	260	58	against	against	ADP
taxlaw-2791	260	59	taxes	taxis	NOUN
taxlaw-2791	260	60	attributable	attributable	ADJ
taxlaw-2791	260	61	to	to	ADP
taxlaw-2791	260	62	the	the	DET
taxlaw-2791	260	63	carried	carry	VERB
taxlaw-2791	260	64	interest	interest	NOUN
taxlaw-2791	260	65	allocations	allocation	NOUN
taxlaw-2791	260	66	.	.	PUNCT
taxlaw-2791	261	1	how	how	SCONJ
taxlaw-2791	261	2	2010	2010	NUM
taxlaw-2791	261	3	]	]	X
taxlaw-2791	261	4	the	the	DET
taxlaw-2791	261	5	sou	sou	PROPN
taxlaw-2791	261	6	�	�	PROPN
taxlaw-2791	261	7	d	d	PROPN
taxlaw-2791	261	8	a	a	DET
taxlaw-2791	261	9	�	�	PROPN
taxlaw-2791	261	10	d	d	NOUN
taxlaw-2791	261	11	fury	fury	NOUN
taxlaw-2791	261	12	of	of	ADP
taxlaw-2791	261	13	carried	carry	VERB
taxlaw-2791	261	14	i	i	PRON
taxlaw-2791	261	15	�	�	VERB
taxlaw-2791	261	16	terest	ter	ADJ
taxlaw-2791	261	17	reform	reform	NOUN
taxlaw-2791	261	18	13	13	NUM
taxlaw-2791	261	19	excess	excess	ADJ
taxlaw-2791	261	20	carry	carry	NOUN
taxlaw-2791	261	21	distributions	distribution	NOUN
taxlaw-2791	261	22	(	(	PUNCT
taxlaw-2791	261	23	$	$	SYM
taxlaw-2791	261	24	1	1	NUM
taxlaw-2791	261	25	million	million	NUM
taxlaw-2791	261	26	)	)	PUNCT
taxlaw-2791	261	27	or	or	CCONJ
taxlaw-2791	261	28	(	(	PUNCT
taxlaw-2791	261	29	2	2	X
taxlaw-2791	261	30	)	)	PUNCT
taxlaw-2791	261	31	the	the	DET
taxlaw-2791	261	32	aggregate	aggregate	ADJ
taxlaw-2791	261	33	after	after	ADP
taxlaw-2791	261	34	-	-	PUNCT
taxlaw-2791	261	35	tax	tax	NOUN
taxlaw-2791	261	36	distributions	distribution	NOUN
taxlaw-2791	261	37	received	receive	VERB
taxlaw-2791	261	38	by	by	ADP
taxlaw-2791	261	39	gp	gp	NOUN
taxlaw-2791	261	40	(	(	PUNCT
taxlaw-2791	261	41	$	$	SYM
taxlaw-2791	261	42	1	1	NUM
taxlaw-2791	261	43	million	million	NUM
taxlaw-2791	261	44	less	less	ADJ
taxlaw-2791	261	45	0.25	0.25	NUM
taxlaw-2791	261	46	x	x	SYM
taxlaw-2791	261	47	$	$	SYM
taxlaw-2791	261	48	1	1	NUM
taxlaw-2791	261	49	million	million	NUM
taxlaw-2791	261	50	)	)	PUNCT
taxlaw-2791	261	51	.	.	PUNCT
taxlaw-2791	262	1	in	in	ADP
taxlaw-2791	262	2	gp	gp	PROPN
taxlaw-2791	262	3	’s	’s	PART
taxlaw-2791	262	4	view	view	NOUN
taxlaw-2791	262	5	,	,	PUNCT
taxlaw-2791	262	6	it	it	PRON
taxlaw-2791	262	7	would	would	AUX
taxlaw-2791	262	8	be	be	AUX
taxlaw-2791	262	9	unfair	unfair	ADJ
taxlaw-2791	262	10	to	to	PART
taxlaw-2791	262	11	require	require	VERB
taxlaw-2791	262	12	return	return	NOUN
taxlaw-2791	262	13	of	of	ADP
taxlaw-2791	262	14	more	more	ADJ
taxlaw-2791	262	15	than	than	ADP
taxlaw-2791	262	16	$	$	SYM
taxlaw-2791	262	17	0.75	0.75	NUM
taxlaw-2791	262	18	million	million	NUM
taxlaw-2791	262	19	,	,	PUNCT
taxlaw-2791	262	20	since	since	SCONJ
taxlaw-2791	262	21	gp	gp	NOUN
taxlaw-2791	262	22	should	should	AUX
taxlaw-2791	262	23	not	not	PART
taxlaw-2791	262	24	be	be	AUX
taxlaw-2791	262	25	required	require	VERB
taxlaw-2791	262	26	to	to	PART
taxlaw-2791	262	27	give	give	VERB
taxlaw-2791	262	28	up	up	ADP
taxlaw-2791	262	29	more	more	ADJ
taxlaw-2791	262	30	than	than	SCONJ
taxlaw-2791	262	31	he	he	PRON
taxlaw-2791	262	32	actually	actually	ADV
taxlaw-2791	262	33	retained	retain	VERB
taxlaw-2791	262	34	after	after	ADP
taxlaw-2791	262	35	tax.46	tax.46	PROPN
taxlaw-2791	262	36	in	in	ADP
taxlaw-2791	262	37	effect	effect	NOUN
taxlaw-2791	262	38	,	,	PUNCT
taxlaw-2791	262	39	lp	lp	NOUN
taxlaw-2791	262	40	pays	pay	VERB
taxlaw-2791	262	41	gp	gp	NOUN
taxlaw-2791	262	42	’s	’s	PART
taxlaw-2791	262	43	hypothetical	hypothetical	ADJ
taxlaw-2791	262	44	taxes	taxis	NOUN
taxlaw-2791	262	45	by	by	ADP
taxlaw-2791	262	46	foregoing	forego	VERB
taxlaw-2791	262	47	full	full	ADJ
taxlaw-2791	262	48	return	return	NOUN
taxlaw-2791	262	49	of	of	ADP
taxlaw-2791	262	50	lp	lp	NOUN
taxlaw-2791	262	51	’s	’s	PART
taxlaw-2791	262	52	committed	commit	VERB
taxlaw-2791	262	53	capital	capital	NOUN
taxlaw-2791	262	54	.	.	PUNCT
taxlaw-2791	263	1	if	if	SCONJ
taxlaw-2791	263	2	the	the	DET
taxlaw-2791	263	3	hypothetical	hypothetical	ADJ
taxlaw-2791	263	4	tax	tax	NOUN
taxlaw-2791	263	5	rate	rate	NOUN
taxlaw-2791	263	6	exceeds	exceed	VERB
taxlaw-2791	263	7	gp	gp	NOUN
taxlaw-2791	263	8	’s	’s	PART
taxlaw-2791	263	9	effective	effective	ADJ
taxlaw-2791	263	10	marginal	marginal	ADJ
taxlaw-2791	263	11	tax	tax	NOUN
taxlaw-2791	263	12	rate	rate	NOUN
taxlaw-2791	263	13	,	,	PUNCT
taxlaw-2791	263	14	the	the	DET
taxlaw-2791	263	15	net	net	ADJ
taxlaw-2791	263	16	result	result	NOUN
taxlaw-2791	263	17	is	be	AUX
taxlaw-2791	263	18	that	that	SCONJ
taxlaw-2791	263	19	gp	gp	NOUN
taxlaw-2791	263	20	earns	earn	VERB
taxlaw-2791	263	21	a	a	DET
taxlaw-2791	263	22	positive	positive	ADJ
taxlaw-2791	263	23	return	return	NOUN
taxlaw-2791	263	24	even	even	ADV
taxlaw-2791	263	25	though	though	SCONJ
taxlaw-2791	263	26	lp	lp	NOUN
taxlaw-2791	263	27	’s	’s	PART
taxlaw-2791	263	28	return	return	NOUN
taxlaw-2791	263	29	is	be	AUX
taxlaw-2791	263	30	negative	negative	ADJ
taxlaw-2791	263	31	.	.	PUNCT
taxlaw-2791	264	1	on	on	ADP
taxlaw-2791	264	2	sale	sale	NOUN
taxlaw-2791	264	3	of	of	ADP
taxlaw-2791	264	4	d	d	PROPN
taxlaw-2791	264	5	,	,	PUNCT
taxlaw-2791	264	6	gp	gp	PROPN
taxlaw-2791	264	7	is	be	AUX
taxlaw-2791	264	8	allocated	allocate	VERB
taxlaw-2791	264	9	loss	loss	NOUN
taxlaw-2791	264	10	up	up	ADP
taxlaw-2791	264	11	to	to	ADP
taxlaw-2791	264	12	the	the	DET
taxlaw-2791	264	13	amount	amount	NOUN
taxlaw-2791	264	14	of	of	ADP
taxlaw-2791	264	15	the	the	DET
taxlaw-2791	264	16	clawback	clawback	NOUN
taxlaw-2791	264	17	obligation	obligation	NOUN
taxlaw-2791	264	18	(	(	PUNCT
taxlaw-2791	264	19	$	$	SYM
taxlaw-2791	264	20	0.75	0.75	NUM
taxlaw-2791	264	21	million	million	NUM
taxlaw-2791	264	22	)	)	PUNCT
taxlaw-2791	264	23	;	;	PUNCT
taxlaw-2791	264	24	on	on	ADP
taxlaw-2791	264	25	liquidation	liquidation	NOUN
taxlaw-2791	264	26	,	,	PUNCT
taxlaw-2791	264	27	gp	gp	PROPN
taxlaw-2791	264	28	repays	repay	VERB
taxlaw-2791	264	29	the	the	DET
taxlaw-2791	264	30	unearned	unearned	ADJ
taxlaw-2791	264	31	carry	carry	NOUN
taxlaw-2791	264	32	(	(	PUNCT
taxlaw-2791	264	33	net	net	NOUN
taxlaw-2791	264	34	of	of	ADP
taxlaw-2791	264	35	taxes	taxis	NOUN
taxlaw-2791	264	36	)	)	PUNCT
taxlaw-2791	264	37	by	by	ADP
taxlaw-2791	264	38	restoring	restore	VERB
taxlaw-2791	264	39	the	the	DET
taxlaw-2791	264	40	$	$	SYM
taxlaw-2791	264	41	0.75	0.75	NUM
taxlaw-2791	264	42	million	million	NUM
taxlaw-2791	264	43	deficit	deficit	NOUN
taxlaw-2791	264	44	in	in	ADP
taxlaw-2791	264	45	his	his	PRON
taxlaw-2791	264	46	capital	capital	NOUN
taxlaw-2791	264	47	account	account	NOUN
taxlaw-2791	264	48	(	(	PUNCT
taxlaw-2791	264	49	rather	rather	ADV
taxlaw-2791	264	50	than	than	ADP
taxlaw-2791	264	51	the	the	DET
taxlaw-2791	264	52	full	full	ADJ
taxlaw-2791	264	53	$	$	SYM
taxlaw-2791	264	54	1	1	NUM
taxlaw-2791	264	55	million	million	NUM
taxlaw-2791	264	56	distribution	distribution	NOUN
taxlaw-2791	264	57	)	)	PUNCT
taxlaw-2791	264	58	.	.	PUNCT
taxlaw-2791	265	1	to	to	PART
taxlaw-2791	265	2	create	create	VERB
taxlaw-2791	265	3	the	the	DET
taxlaw-2791	265	4	proper	proper	ADJ
taxlaw-2791	265	5	deficit	deficit	NOUN
taxlaw-2791	265	6	balance	balance	NOUN
taxlaw-2791	265	7	for	for	ADP
taxlaw-2791	265	8	gp	gp	NOUN
taxlaw-2791	265	9	,	,	PUNCT
taxlaw-2791	265	10	p	p	PRON
taxlaw-2791	265	11	simply	simply	ADV
taxlaw-2791	265	12	“	"	PUNCT
taxlaw-2791	265	13	backs	back	VERB
taxlaw-2791	265	14	into	into	ADP
taxlaw-2791	265	15	”	"	PUNCT
taxlaw-2791	265	16	the	the	DET
taxlaw-2791	265	17	desired	desire	VERB
taxlaw-2791	265	18	amount.47	amount.47	NOUN
taxlaw-2791	265	19	under	under	ADP
taxlaw-2791	265	20	a	a	DET
taxlaw-2791	265	21	target	target	NOUN
taxlaw-2791	265	22	-	-	PUNCT
taxlaw-2791	265	23	allocation	allocation	NOUN
taxlaw-2791	265	24	approach	approach	NOUN
taxlaw-2791	265	25	,	,	PUNCT
taxlaw-2791	265	26	the	the	DET
taxlaw-2791	265	27	partnership	partnership	NOUN
taxlaw-2791	265	28	’s	’s	PART
taxlaw-2791	265	29	allocations	allocation	NOUN
taxlaw-2791	265	30	are	be	AUX
taxlaw-2791	265	31	determined	determine	VERB
taxlaw-2791	265	32	after	after	SCONJ
taxlaw-2791	265	33	gains	gain	NOUN
taxlaw-2791	265	34	and	and	CCONJ
taxlaw-2791	265	35	losses	loss	NOUN
taxlaw-2791	265	36	are	be	AUX
taxlaw-2791	265	37	realized	realize	VERB
taxlaw-2791	265	38	,	,	PUNCT
taxlaw-2791	265	39	taking	take	VERB
taxlaw-2791	265	40	into	into	ADP
taxlaw-2791	265	41	account	account	NOUN
taxlaw-2791	265	42	the	the	DET
taxlaw-2791	265	43	partnership	partnership	NOUN
taxlaw-2791	265	44	’s	’s	PART
taxlaw-2791	265	45	distribution	distribution	NOUN
taxlaw-2791	265	46	“	"	PUNCT
taxlaw-2791	265	47	waterfall	waterfall	NOUN
taxlaw-2791	265	48	.	.	PUNCT
taxlaw-2791	265	49	”	"	PUNCT
taxlaw-2791	266	1	technically	technically	ADV
taxlaw-2791	266	2	,	,	PUNCT
taxlaw-2791	266	3	target	target	VERB
taxlaw-2791	266	4	or	or	CCONJ
taxlaw-2791	266	5	“	"	PUNCT
taxlaw-2791	266	6	forced	forced	ADJ
taxlaw-2791	266	7	”	"	PUNCT
taxlaw-2791	266	8	allocations	allocation	NOUN
taxlaw-2791	266	9	do	do	AUX
taxlaw-2791	266	10	not	not	PART
taxlaw-2791	266	11	comply	comply	VERB
taxlaw-2791	266	12	with	with	ADP
taxlaw-2791	266	13	the	the	DET
taxlaw-2791	266	14	capital	capital	NOUN
taxlaw-2791	266	15	account	account	NOUN
taxlaw-2791	266	16	requirements	requirement	NOUN
taxlaw-2791	266	17	of	of	ADP
taxlaw-2791	266	18	the	the	DET
taxlaw-2791	266	19	§	§	PROPN
taxlaw-2791	266	20	704(b	704(b	PROPN
taxlaw-2791	266	21	)	)	PUNCT
taxlaw-2791	266	22	regulations	regulation	NOUN
taxlaw-2791	266	23	,	,	PUNCT
taxlaw-2791	266	24	since	since	SCONJ
taxlaw-2791	266	25	distributions	distribution	NOUN
taxlaw-2791	266	26	govern	govern	VERB
taxlaw-2791	266	27	capital	capital	NOUN
taxlaw-2791	266	28	accounts	account	NOUN
taxlaw-2791	266	29	(	(	PUNCT
taxlaw-2791	266	30	rather	rather	ADV
taxlaw-2791	266	31	than	than	ADP
taxlaw-2791	266	32	the	the	DET
taxlaw-2791	266	33	reverse).48	reverse).48	ADJ
taxlaw-2791	266	34	while	while	SCONJ
taxlaw-2791	266	35	target	target	NOUN
taxlaw-2791	266	36	allocations	allocation	NOUN
taxlaw-2791	266	37	flunk	flunk	VERB
taxlaw-2791	266	38	the	the	DET
taxlaw-2791	266	39	§	§	PROPN
taxlaw-2791	266	40	704(b	704(b	PROPN
taxlaw-2791	266	41	)	)	PUNCT
taxlaw-2791	266	42	safe	safe	ADJ
taxlaw-2791	266	43	harbor	harbor	NOUN
taxlaw-2791	266	44	rules	rule	NOUN
taxlaw-2791	266	45	,	,	PUNCT
taxlaw-2791	266	46	they	they	PRON
taxlaw-2791	266	47	may	may	AUX
taxlaw-2791	266	48	(	(	PUNCT
taxlaw-2791	266	49	or	or	CCONJ
taxlaw-2791	266	50	may	may	AUX
taxlaw-2791	266	51	not	not	PART
taxlaw-2791	266	52	)	)	PUNCT
taxlaw-2791	266	53	satisfy	satisfy	VERB
taxlaw-2791	266	54	the	the	DET
taxlaw-2791	266	55	alternate	alternate	ADJ
taxlaw-2791	266	56	“	"	PUNCT
taxlaw-2791	266	57	partner	partner	NOUN
taxlaw-2791	266	58	’s	’s	PART
taxlaw-2791	266	59	interest	interest	NOUN
taxlaw-2791	266	60	”	"	PUNCT
taxlaw-2791	267	1	test.49	test.49	CCONJ
taxlaw-2791	267	2	if	if	SCONJ
taxlaw-2791	267	3	p	p	NOUN
taxlaw-2791	267	4	disregards	disregard	VERB
taxlaw-2791	267	5	capital	capital	NOUN
taxlaw-2791	267	6	account	account	NOUN
taxlaw-2791	267	7	balances	balance	NOUN
taxlaw-2791	267	8	on	on	ADP
taxlaw-2791	267	9	liquidation	liquidation	NOUN
taxlaw-2791	267	10	,	,	PUNCT
taxlaw-2791	267	11	however	however	ADV
taxlaw-2791	267	12	,	,	PUNCT
taxlaw-2791	267	13	the	the	DET
taxlaw-2791	267	14	validity	validity	NOUN
taxlaw-2791	267	15	of	of	ADP
taxlaw-2791	267	16	the	the	DET
taxlaw-2791	267	17	prior	prior	ADJ
taxlaw-2791	267	18	allocations	allocation	NOUN
taxlaw-2791	267	19	should	should	AUX
taxlaw-2791	267	20	be	be	AUX
taxlaw-2791	267	21	subject	subject	ADJ
taxlaw-2791	267	22	to	to	ADP
taxlaw-2791	267	23	challenge	challenge	NOUN
taxlaw-2791	267	24	.	.	PUNCT
taxlaw-2791	268	1	if	if	SCONJ
taxlaw-2791	268	2	gp	gp	NOUN
taxlaw-2791	268	3	’s	’s	PART
taxlaw-2791	268	4	clawback	clawback	NOUN
taxlaw-2791	268	5	obligation	obligation	NOUN
taxlaw-2791	268	6	is	be	AUX
taxlaw-2791	268	7	reduced	reduce	VERB
taxlaw-2791	268	8	by	by	ADP
taxlaw-2791	268	9	deemed	deem	VERB
taxlaw-2791	268	10	taxes	taxis	NOUN
taxlaw-2791	268	11	paid	pay	VERB
taxlaw-2791	268	12	,	,	PUNCT
taxlaw-2791	268	13	it	it	PRON
taxlaw-2791	268	14	might	might	AUX
taxlaw-2791	268	15	appear	appear	VERB
taxlaw-2791	268	16	that	that	SCONJ
taxlaw-2791	268	17	it	it	PRON
taxlaw-2791	268	18	should	should	AUX
taxlaw-2791	268	19	also	also	ADV
taxlaw-2791	268	20	be	be	AUX
taxlaw-2791	268	21	increased	increase	VERB
taxlaw-2791	268	22	by	by	ADP
taxlaw-2791	268	23	reference	reference	NOUN
taxlaw-2791	268	24	to	to	ADP
taxlaw-2791	268	25	any	any	DET
taxlaw-2791	268	26	offsetting	offset	VERB
taxlaw-2791	268	27	tax	tax	NOUN
taxlaw-2791	268	28	benefits	benefit	NOUN
taxlaw-2791	268	29	received	receive	VERB
taxlaw-2791	268	30	by	by	ADP
taxlaw-2791	268	31	gp	gp	NOUN
taxlaw-2791	268	32	.	.	PUNCT
taxlaw-2791	269	1	typically	typically	ADV
taxlaw-2791	269	2	,	,	PUNCT
taxlaw-2791	269	3	however	however	ADV
taxlaw-2791	269	4	,	,	PUNCT
taxlaw-2791	269	5	the	the	DET
taxlaw-2791	269	6	clawback	clawback	NOUN
taxlaw-2791	269	7	provision	provision	NOUN
taxlaw-2791	269	8	ignores	ignore	VERB
taxlaw-2791	269	9	the	the	DET
taxlaw-2791	269	10	tax	tax	NOUN
taxlaw-2791	269	11	benefit	benefit	NOUN
taxlaw-2791	269	12	to	to	ADP
taxlaw-2791	269	13	gp	gp	NOUN
taxlaw-2791	269	14	from	from	ADP
taxlaw-2791	269	15	the	the	DET
taxlaw-2791	269	16	capital	capital	NOUN
taxlaw-2791	269	17	loss	loss	NOUN
taxlaw-2791	269	18	generated	generate	VERB
taxlaw-2791	269	19	by	by	ADP
taxlaw-2791	269	20	the	the	DET
taxlaw-2791	269	21	clawback	clawback	NOUN
taxlaw-2791	269	22	itself.50	itself.50	NOUN
taxlaw-2791	269	23	since	since	SCONJ
taxlaw-2791	269	24	gp	gp	NOUN
taxlaw-2791	269	25	derives	derive	VERB
taxlaw-2791	269	26	a	a	DET
taxlaw-2791	269	27	tax	tax	NOUN
taxlaw-2791	269	28	benefit	benefit	NOUN
taxlaw-2791	269	29	only	only	ADV
taxlaw-2791	269	30	if	if	SCONJ
taxlaw-2791	269	31	gp	gp	NOUN
taxlaw-2791	269	32	has	have	AUX
taxlaw-2791	269	33	unrelated	unrelated	ADJ
taxlaw-2791	269	34	funds	fund	NOUN
taxlaw-2791	269	35	compute	compute	VERB
taxlaw-2791	269	36	this	this	DET
taxlaw-2791	269	37	offset	offset	NOUN
taxlaw-2791	269	38	,	,	PUNCT
taxlaw-2791	269	39	however	however	ADV
taxlaw-2791	269	40	,	,	PUNCT
taxlaw-2791	269	41	varies	vary	VERB
taxlaw-2791	269	42	widely	widely	ADV
taxlaw-2791	269	43	in	in	ADP
taxlaw-2791	269	44	the	the	DET
taxlaw-2791	269	45	industry	industry	NOUN
taxlaw-2791	269	46	.	.	PUNCT
taxlaw-2791	269	47	”	"	PUNCT
taxlaw-2791	269	48	)	)	PUNCT
taxlaw-2791	269	49	.	.	PUNCT
taxlaw-2791	270	1	the	the	DET
taxlaw-2791	270	2	hypothetical	hypothetical	ADJ
taxlaw-2791	270	3	tax	tax	NOUN
taxlaw-2791	270	4	rate	rate	NOUN
taxlaw-2791	270	5	is	be	AUX
taxlaw-2791	270	6	intended	intend	VERB
taxlaw-2791	270	7	to	to	PART
taxlaw-2791	270	8	achieve	achieve	VERB
taxlaw-2791	270	9	“	"	PUNCT
taxlaw-2791	270	10	rough	rough	ADJ
taxlaw-2791	270	11	justice	justice	NOUN
taxlaw-2791	270	12	”	"	PUNCT
taxlaw-2791	270	13	among	among	ADP
taxlaw-2791	270	14	all	all	PRON
taxlaw-2791	270	15	of	of	ADP
taxlaw-2791	270	16	the	the	DET
taxlaw-2791	270	17	partners	partner	NOUN
taxlaw-2791	270	18	,	,	PUNCT
taxlaw-2791	270	19	without	without	ADP
taxlaw-2791	270	20	looking	look	VERB
taxlaw-2791	270	21	to	to	ADP
taxlaw-2791	270	22	any	any	DET
taxlaw-2791	270	23	partner	partner	NOUN
taxlaw-2791	270	24	’s	’s	PART
taxlaw-2791	270	25	particular	particular	ADJ
taxlaw-2791	270	26	tax	tax	NOUN
taxlaw-2791	270	27	circumstances	circumstance	NOUN
taxlaw-2791	270	28	.	.	PUNCT
taxlaw-2791	271	1	for	for	ADP
taxlaw-2791	271	2	example	example	NOUN
taxlaw-2791	271	3	,	,	PUNCT
taxlaw-2791	271	4	if	if	SCONJ
taxlaw-2791	271	5	gp	gp	NOUN
taxlaw-2791	271	6	has	have	VERB
taxlaw-2791	271	7	unrelated	unrelated	ADJ
taxlaw-2791	271	8	losses	loss	NOUN
taxlaw-2791	271	9	that	that	PRON
taxlaw-2791	271	10	offset	offset	VERB
taxlaw-2791	271	11	gp	gp	NOUN
taxlaw-2791	271	12	’s	’s	PART
taxlaw-2791	271	13	income	income	NOUN
taxlaw-2791	271	14	from	from	ADP
taxlaw-2791	271	15	p	p	NOUN
taxlaw-2791	271	16	,	,	PUNCT
taxlaw-2791	271	17	gp	gp	NOUN
taxlaw-2791	271	18	’s	’s	PART
taxlaw-2791	271	19	effective	effective	ADJ
taxlaw-2791	271	20	tax	tax	NOUN
taxlaw-2791	271	21	rate	rate	NOUN
taxlaw-2791	271	22	will	will	AUX
taxlaw-2791	271	23	be	be	AUX
taxlaw-2791	271	24	lower	low	ADJ
taxlaw-2791	271	25	than	than	ADP
taxlaw-2791	271	26	the	the	DET
taxlaw-2791	271	27	deemed	deemed	ADJ
taxlaw-2791	271	28	tax	tax	NOUN
taxlaw-2791	271	29	rate	rate	NOUN
taxlaw-2791	271	30	.	.	PUNCT
taxlaw-2791	272	1	46	46	NUM
taxlaw-2791	272	2	.	.	PUNCT
taxlaw-2791	273	1	in	in	ADP
taxlaw-2791	273	2	this	this	DET
taxlaw-2791	273	3	event	event	NOUN
taxlaw-2791	273	4	,	,	PUNCT
taxlaw-2791	273	5	lp	lp	PROPN
taxlaw-2791	273	6	recovers	recover	VERB
taxlaw-2791	273	7	only	only	ADV
taxlaw-2791	273	8	$	$	SYM
taxlaw-2791	273	9	39.75	39.75	NUM
taxlaw-2791	273	10	million	million	NUM
taxlaw-2791	273	11	(	(	PUNCT
taxlaw-2791	273	12	rather	rather	ADV
taxlaw-2791	273	13	than	than	ADP
taxlaw-2791	273	14	$	$	SYM
taxlaw-2791	273	15	40	40	NUM
taxlaw-2791	273	16	million	million	NUM
taxlaw-2791	273	17	)	)	PUNCT
taxlaw-2791	273	18	.	.	PUNCT
taxlaw-2791	274	1	the	the	DET
taxlaw-2791	274	2	missing	missing	ADJ
taxlaw-2791	274	3	$	$	SYM
taxlaw-2791	274	4	0.25	0.25	NUM
taxlaw-2791	274	5	million	million	NUM
taxlaw-2791	274	6	is	be	AUX
taxlaw-2791	274	7	the	the	DET
taxlaw-2791	274	8	amount	amount	NOUN
taxlaw-2791	274	9	of	of	ADP
taxlaw-2791	274	10	taxes	taxis	NOUN
taxlaw-2791	274	11	(	(	PUNCT
taxlaw-2791	274	12	at	at	ADP
taxlaw-2791	274	13	the	the	DET
taxlaw-2791	274	14	hypothetical	hypothetical	ADJ
taxlaw-2791	274	15	tax	tax	NOUN
taxlaw-2791	274	16	rate	rate	NOUN
taxlaw-2791	274	17	)	)	PUNCT
taxlaw-2791	274	18	paid	pay	VERB
taxlaw-2791	274	19	on	on	ADP
taxlaw-2791	274	20	the	the	DET
taxlaw-2791	274	21	$	$	SYM
taxlaw-2791	274	22	1	1	NUM
taxlaw-2791	274	23	million	million	NUM
taxlaw-2791	274	24	of	of	ADP
taxlaw-2791	274	25	net	net	ADJ
taxlaw-2791	274	26	gain	gain	NOUN
taxlaw-2791	274	27	allocated	allocate	VERB
taxlaw-2791	274	28	to	to	ADP
taxlaw-2791	274	29	gp	gp	NOUN
taxlaw-2791	274	30	(	(	PUNCT
taxlaw-2791	274	31	prior	prior	ADV
taxlaw-2791	274	32	to	to	ADP
taxlaw-2791	274	33	sale	sale	NOUN
taxlaw-2791	274	34	of	of	ADP
taxlaw-2791	274	35	d	d	NOUN
taxlaw-2791	274	36	)	)	PUNCT
taxlaw-2791	274	37	.	.	PUNCT
taxlaw-2791	275	1	47	47	NUM
taxlaw-2791	275	2	.	.	PUNCT
taxlaw-2791	276	1	under	under	ADP
taxlaw-2791	276	2	a	a	DET
taxlaw-2791	276	3	target	target	NOUN
taxlaw-2791	276	4	allocation	allocation	NOUN
taxlaw-2791	276	5	approach	approach	NOUN
taxlaw-2791	276	6	,	,	PUNCT
taxlaw-2791	276	7	items	item	NOUN
taxlaw-2791	276	8	of	of	ADP
taxlaw-2791	276	9	income	income	NOUN
taxlaw-2791	276	10	and	and	CCONJ
taxlaw-2791	276	11	loss	loss	NOUN
taxlaw-2791	276	12	are	be	AUX
taxlaw-2791	276	13	allocated	allocate	VERB
taxlaw-2791	276	14	in	in	ADP
taxlaw-2791	276	15	a	a	DET
taxlaw-2791	276	16	manner	manner	NOUN
taxlaw-2791	276	17	that	that	PRON
taxlaw-2791	276	18	should	should	AUX
taxlaw-2791	276	19	cause	cause	VERB
taxlaw-2791	276	20	gp	gp	NOUN
taxlaw-2791	276	21	’s	’s	PART
taxlaw-2791	276	22	capital	capital	NOUN
taxlaw-2791	276	23	account	account	NOUN
taxlaw-2791	276	24	to	to	PART
taxlaw-2791	276	25	equal	equal	VERB
taxlaw-2791	276	26	the	the	DET
taxlaw-2791	276	27	amount	amount	NOUN
taxlaw-2791	276	28	that	that	PRON
taxlaw-2791	276	29	gp	gp	NOUN
taxlaw-2791	276	30	would	would	AUX
taxlaw-2791	276	31	receive	receive	VERB
taxlaw-2791	276	32	(	(	PUNCT
taxlaw-2791	276	33	or	or	CCONJ
taxlaw-2791	276	34	be	be	AUX
taxlaw-2791	276	35	required	require	VERB
taxlaw-2791	276	36	to	to	PART
taxlaw-2791	276	37	contribute	contribute	VERB
taxlaw-2791	276	38	)	)	PUNCT
taxlaw-2791	276	39	on	on	ADP
taxlaw-2791	276	40	liquidation	liquidation	NOUN
taxlaw-2791	276	41	.	.	PUNCT
taxlaw-2791	277	1	see	see	VERB
taxlaw-2791	277	2	needham	needham	PROPN
taxlaw-2791	277	3	&	&	CCONJ
taxlaw-2791	277	4	adams	adams	PROPN
taxlaw-2791	277	5	,	,	PUNCT
taxlaw-2791	277	6	supra	supra	PROPN
taxlaw-2791	277	7	note	note	PROPN
taxlaw-2791	277	8	27	27	NUM
taxlaw-2791	277	9	,	,	PUNCT
taxlaw-2791	277	10	at	at	ADP
taxlaw-2791	277	11	a16	a16	PROPN
taxlaw-2791	277	12	(	(	PUNCT
taxlaw-2791	277	13	noting	note	VERB
taxlaw-2791	277	14	that	that	SCONJ
taxlaw-2791	277	15	target	target	NOUN
taxlaw-2791	277	16	allocation	allocation	NOUN
taxlaw-2791	277	17	“	"	PUNCT
taxlaw-2791	277	18	plugs	plug	NOUN
taxlaw-2791	277	19	”	"	PUNCT
taxlaw-2791	277	20	the	the	DET
taxlaw-2791	277	21	required	required	ADJ
taxlaw-2791	277	22	change	change	NOUN
taxlaw-2791	277	23	in	in	ADP
taxlaw-2791	277	24	capital	capital	NOUN
taxlaw-2791	277	25	account	account	NOUN
taxlaw-2791	277	26	balances	balance	NOUN
taxlaw-2791	277	27	over	over	ADP
taxlaw-2791	277	28	the	the	DET
taxlaw-2791	277	29	relevant	relevant	ADJ
taxlaw-2791	277	30	period	period	NOUN
taxlaw-2791	277	31	)	)	PUNCT
taxlaw-2791	277	32	.	.	PUNCT
taxlaw-2791	278	1	48	48	NUM
taxlaw-2791	278	2	.	.	PUNCT
taxlaw-2791	279	1	see	see	VERB
taxlaw-2791	279	2	treas	treas	PROPN
taxlaw-2791	279	3	.	.	PUNCT
taxlaw-2791	280	1	reg	reg	PROPN
taxlaw-2791	280	2	.	.	PUNCT
taxlaw-2791	281	1	§	§	PROPN
taxlaw-2791	281	2	1.704	1.704	NUM
taxlaw-2791	281	3	-	-	NUM
taxlaw-2791	281	4	1(b)(2)(ii)(b	1(b)(2)(ii)(b	NUM
taxlaw-2791	281	5	)	)	PUNCT
taxlaw-2791	281	6	(	(	PUNCT
taxlaw-2791	281	7	as	as	SCONJ
taxlaw-2791	281	8	amended	amend	VERB
taxlaw-2791	281	9	in	in	ADP
taxlaw-2791	281	10	2008	2008	NUM
taxlaw-2791	281	11	)	)	PUNCT
taxlaw-2791	281	12	.	.	PUNCT
taxlaw-2791	282	1	the	the	DET
taxlaw-2791	282	2	regulations	regulation	NOUN
taxlaw-2791	282	3	warn	warn	VERB
taxlaw-2791	282	4	that	that	SCONJ
taxlaw-2791	282	5	invalid	invalid	ADJ
taxlaw-2791	282	6	allocations	allocation	NOUN
taxlaw-2791	282	7	may	may	AUX
taxlaw-2791	282	8	give	give	VERB
taxlaw-2791	282	9	rise	rise	NOUN
taxlaw-2791	282	10	to	to	ADP
taxlaw-2791	282	11	appropriate	appropriate	ADJ
taxlaw-2791	282	12	tax	tax	NOUN
taxlaw-2791	282	13	consequences	consequence	NOUN
taxlaw-2791	282	14	under	under	ADP
taxlaw-2791	282	15	§	§	PROPN
taxlaw-2791	282	16	§	§	PROPN
taxlaw-2791	282	17	61	61	NUM
taxlaw-2791	282	18	and	and	CCONJ
taxlaw-2791	282	19	83	83	NUM
taxlaw-2791	282	20	.	.	PUNCT
taxlaw-2791	283	1	see	see	VERB
taxlaw-2791	283	2	treas	treas	PROPN
taxlaw-2791	283	3	.	.	PUNCT
taxlaw-2791	284	1	reg	reg	PROPN
taxlaw-2791	284	2	.	.	PUNCT
taxlaw-2791	285	1	§	§	PROPN
taxlaw-2791	285	2	1.704	1.704	NUM
taxlaw-2791	285	3	-	-	SYM
taxlaw-2791	285	4	1(b)(1)(iv	1(b)(1)(iv	NUM
taxlaw-2791	285	5	)	)	PUNCT
taxlaw-2791	285	6	(	(	PUNCT
taxlaw-2791	285	7	as	as	SCONJ
taxlaw-2791	285	8	amended	amend	VERB
taxlaw-2791	285	9	in	in	ADP
taxlaw-2791	285	10	2008	2008	NUM
taxlaw-2791	285	11	)	)	PUNCT
taxlaw-2791	285	12	.	.	PUNCT
taxlaw-2791	286	1	49	49	NUM
taxlaw-2791	286	2	.	.	PUNCT
taxlaw-2791	287	1	see	see	VERB
taxlaw-2791	287	2	treas	treas	PROPN
taxlaw-2791	287	3	.	.	PUNCT
taxlaw-2791	288	1	reg	reg	PROPN
taxlaw-2791	288	2	.	.	PUNCT
taxlaw-2791	289	1	§	§	PROPN
taxlaw-2791	289	2	1.704	1.704	NUM
taxlaw-2791	289	3	-	-	NUM
taxlaw-2791	289	4	1(b)(1)(i	1(b)(1)(i	NUM
taxlaw-2791	289	5	)	)	PUNCT
taxlaw-2791	289	6	(	(	PUNCT
taxlaw-2791	289	7	as	as	SCONJ
taxlaw-2791	289	8	amended	amend	VERB
taxlaw-2791	289	9	in	in	ADP
taxlaw-2791	289	10	2008	2008	NUM
taxlaw-2791	289	11	)	)	PUNCT
taxlaw-2791	289	12	.	.	PUNCT
taxlaw-2791	290	1	50	50	NUM
taxlaw-2791	290	2	.	.	PUNCT
taxlaw-2791	290	3	see	see	VERB
taxlaw-2791	290	4	needham	needham	PROPN
taxlaw-2791	290	5	&	&	CCONJ
taxlaw-2791	290	6	adams	adams	PROPN
taxlaw-2791	290	7	,	,	PUNCT
taxlaw-2791	290	8	supra	supra	PROPN
taxlaw-2791	290	9	note	note	PROPN
taxlaw-2791	290	10	27	27	NUM
taxlaw-2791	290	11	,	,	PUNCT
taxlaw-2791	290	12	at	at	ADP
taxlaw-2791	290	13	a-10	a-10	PROPN
taxlaw-2791	290	14	.	.	PUNCT
taxlaw-2791	291	1	while	while	SCONJ
taxlaw-2791	291	2	the	the	DET
taxlaw-2791	291	3	potential	potential	ADJ
taxlaw-2791	291	4	tax	tax	NOUN
taxlaw-2791	291	5	14	14	NUM
taxlaw-2791	291	6	columbia	columbia	PROPN
taxlaw-2791	291	7	jour	jour	PROPN
taxlaw-2791	291	8	�	�	PROPN
taxlaw-2791	291	9	al	al	PROPN
taxlaw-2791	291	10	of	of	ADP
taxlaw-2791	291	11	tax	tax	NOUN
taxlaw-2791	291	12	law	law	NOUN
taxlaw-2791	291	13	[	[	X
taxlaw-2791	291	14	vol	vol	NOUN
taxlaw-2791	291	15	.	.	PUNCT
taxlaw-2791	291	16	1:1	1:1	NUM
taxlaw-2791	291	17	capital	capital	NOUN
taxlaw-2791	291	18	gains	gain	NOUN
taxlaw-2791	291	19	to	to	PART
taxlaw-2791	291	20	offset	offset	VERB
taxlaw-2791	291	21	the	the	DET
taxlaw-2791	291	22	capital	capital	NOUN
taxlaw-2791	291	23	loss	loss	NOUN
taxlaw-2791	291	24	on	on	ADP
taxlaw-2791	291	25	liquidation	liquidation	NOUN
taxlaw-2791	291	26	,	,	PUNCT
taxlaw-2791	291	27	the	the	DET
taxlaw-2791	291	28	clawback	clawback	NOUN
taxlaw-2791	291	29	provision	provision	NOUN
taxlaw-2791	291	30	arbitrarily	arbitrarily	ADV
taxlaw-2791	291	31	treats	treat	VERB
taxlaw-2791	291	32	gp	gp	NOUN
taxlaw-2791	291	33	’s	’s	PART
taxlaw-2791	291	34	tax	tax	NOUN
taxlaw-2791	291	35	benefit	benefit	NOUN
taxlaw-2791	291	36	as	as	ADP
taxlaw-2791	291	37	zero	zero	NUM
taxlaw-2791	291	38	.	.	PUNCT
taxlaw-2791	292	1	if	if	SCONJ
taxlaw-2791	292	2	gp	gp	NOUN
taxlaw-2791	292	3	can	can	AUX
taxlaw-2791	292	4	fully	fully	ADV
taxlaw-2791	292	5	utilize	utilize	VERB
taxlaw-2791	292	6	the	the	DET
taxlaw-2791	292	7	capital	capital	NOUN
taxlaw-2791	292	8	loss	loss	NOUN
taxlaw-2791	292	9	,	,	PUNCT
taxlaw-2791	292	10	gp	gp	NOUN
taxlaw-2791	292	11	receives	receive	VERB
taxlaw-2791	292	12	a	a	DET
taxlaw-2791	292	13	windfall	windfall	NOUN
taxlaw-2791	292	14	at	at	ADP
taxlaw-2791	292	15	the	the	DET
taxlaw-2791	292	16	expense	expense	NOUN
taxlaw-2791	292	17	of	of	ADP
taxlaw-2791	292	18	lp	lp	NOUN
taxlaw-2791	292	19	.	.	PUNCT
taxlaw-2791	293	1	because	because	SCONJ
taxlaw-2791	293	2	measuring	measure	VERB
taxlaw-2791	293	3	gp	gp	NOUN
taxlaw-2791	293	4	’s	’s	PART
taxlaw-2791	293	5	actual	actual	ADJ
taxlaw-2791	293	6	tax	tax	NOUN
taxlaw-2791	293	7	benefit	benefit	NOUN
taxlaw-2791	293	8	is	be	AUX
taxlaw-2791	293	9	administratively	administratively	ADV
taxlaw-2791	293	10	difficult	difficult	ADJ
taxlaw-2791	293	11	or	or	CCONJ
taxlaw-2791	293	12	because	because	SCONJ
taxlaw-2791	293	13	gp	gp	NOUN
taxlaw-2791	293	14	has	have	VERB
taxlaw-2791	293	15	superior	superior	ADJ
taxlaw-2791	293	16	bargaining	bargaining	NOUN
taxlaw-2791	293	17	power	power	NOUN
taxlaw-2791	293	18	,	,	PUNCT
taxlaw-2791	293	19	lp	lp	PROPN
taxlaw-2791	293	20	may	may	AUX
taxlaw-2791	293	21	be	be	AUX
taxlaw-2791	293	22	willing	willing	ADJ
taxlaw-2791	293	23	to	to	PART
taxlaw-2791	293	24	accept	accept	VERB
taxlaw-2791	293	25	the	the	DET
taxlaw-2791	293	26	risk	risk	NOUN
taxlaw-2791	293	27	of	of	ADP
taxlaw-2791	293	28	such	such	DET
taxlaw-2791	293	29	a	a	DET
taxlaw-2791	293	30	windfall.51	windfall.51	NOUN
taxlaw-2791	293	31	to	to	PART
taxlaw-2791	293	32	summarize	summarize	VERB
taxlaw-2791	293	33	,	,	PUNCT
taxlaw-2791	293	34	lp	lp	NOUN
taxlaw-2791	293	35	bears	bear	VERB
taxlaw-2791	293	36	the	the	DET
taxlaw-2791	293	37	entire	entire	ADJ
taxlaw-2791	293	38	economic	economic	ADJ
taxlaw-2791	293	39	risk	risk	NOUN
taxlaw-2791	293	40	of	of	ADP
taxlaw-2791	293	41	loss	loss	NOUN
taxlaw-2791	293	42	if	if	SCONJ
taxlaw-2791	293	43	p	p	NOUN
taxlaw-2791	293	44	fails	fail	VERB
taxlaw-2791	293	45	to	to	PART
taxlaw-2791	293	46	earn	earn	VERB
taxlaw-2791	293	47	a	a	DET
taxlaw-2791	293	48	positive	positive	ADJ
taxlaw-2791	293	49	return	return	NOUN
taxlaw-2791	293	50	on	on	ADP
taxlaw-2791	293	51	lp	lp	NOUN
taxlaw-2791	293	52	’s	’s	PART
taxlaw-2791	293	53	invested	invest	VERB
taxlaw-2791	293	54	capital	capital	NOUN
taxlaw-2791	293	55	over	over	ADP
taxlaw-2791	293	56	the	the	DET
taxlaw-2791	293	57	life	life	NOUN
taxlaw-2791	293	58	of	of	ADP
taxlaw-2791	293	59	the	the	DET
taxlaw-2791	293	60	partnership	partnership	NOUN
taxlaw-2791	293	61	.	.	PUNCT
taxlaw-2791	294	1	even	even	ADV
taxlaw-2791	294	2	though	though	SCONJ
taxlaw-2791	294	3	gp	gp	NOUN
taxlaw-2791	294	4	initially	initially	ADV
taxlaw-2791	294	5	receives	receive	VERB
taxlaw-2791	294	6	a	a	DET
taxlaw-2791	294	7	distribution	distribution	NOUN
taxlaw-2791	294	8	of	of	ADP
taxlaw-2791	294	9	$	$	SYM
taxlaw-2791	294	10	1	1	NUM
taxlaw-2791	294	11	million	million	NUM
taxlaw-2791	294	12	in	in	ADP
taxlaw-2791	294	13	year	year	NOUN
taxlaw-2791	294	14	2	2	NUM
taxlaw-2791	294	15	,	,	PUNCT
taxlaw-2791	294	16	gp	gp	NOUN
taxlaw-2791	294	17	is	be	AUX
taxlaw-2791	294	18	obligated	obligate	VERB
taxlaw-2791	294	19	in	in	ADP
taxlaw-2791	294	20	example	example	NOUN
taxlaw-2791	294	21	(	(	PUNCT
taxlaw-2791	294	22	2	2	NUM
taxlaw-2791	294	23	)	)	PUNCT
taxlaw-2791	294	24	to	to	PART
taxlaw-2791	294	25	return	return	VERB
taxlaw-2791	294	26	only	only	ADV
taxlaw-2791	294	27	the	the	DET
taxlaw-2791	294	28	net	net	ADJ
taxlaw-2791	294	29	after	after	ADP
taxlaw-2791	294	30	-	-	PUNCT
taxlaw-2791	294	31	tax	tax	NOUN
taxlaw-2791	294	32	distribution	distribution	NOUN
taxlaw-2791	294	33	(	(	PUNCT
taxlaw-2791	294	34	without	without	ADP
taxlaw-2791	294	35	interest	interest	NOUN
taxlaw-2791	294	36	)	)	PUNCT
taxlaw-2791	294	37	in	in	ADP
taxlaw-2791	294	38	year	year	NOUN
taxlaw-2791	294	39	5	5	NUM
taxlaw-2791	294	40	.	.	PUNCT
taxlaw-2791	295	1	under	under	ADP
taxlaw-2791	295	2	the	the	DET
taxlaw-2791	295	3	terms	term	NOUN
taxlaw-2791	295	4	of	of	ADP
taxlaw-2791	295	5	the	the	DET
taxlaw-2791	295	6	partners	partner	NOUN
taxlaw-2791	295	7	’	'	PUNCT
taxlaw-2791	295	8	arrangement	arrangement	NOUN
taxlaw-2791	295	9	,	,	PUNCT
taxlaw-2791	295	10	the	the	DET
taxlaw-2791	295	11	actual	actual	ADJ
taxlaw-2791	295	12	burden	burden	NOUN
taxlaw-2791	295	13	of	of	ADP
taxlaw-2791	295	14	the	the	DET
taxlaw-2791	295	15	taxes	taxis	NOUN
taxlaw-2791	295	16	paid	pay	VERB
taxlaw-2791	295	17	on	on	ADP
taxlaw-2791	295	18	gp	gp	NOUN
taxlaw-2791	295	19	’s	’s	PART
taxlaw-2791	295	20	share	share	NOUN
taxlaw-2791	295	21	of	of	ADP
taxlaw-2791	295	22	partnership	partnership	NOUN
taxlaw-2791	295	23	gain	gain	NOUN
taxlaw-2791	295	24	falls	fall	VERB
taxlaw-2791	295	25	on	on	ADP
taxlaw-2791	295	26	lp	lp	NOUN
taxlaw-2791	295	27	,	,	PUNCT
taxlaw-2791	295	28	not	not	PART
taxlaw-2791	295	29	gp	gp	NOUN
taxlaw-2791	295	30	.	.	PUNCT
taxlaw-2791	296	1	consistent	consistent	ADJ
taxlaw-2791	296	2	with	with	ADP
taxlaw-2791	296	3	the	the	DET
taxlaw-2791	296	4	underlying	underlie	VERB
taxlaw-2791	296	5	economics	economic	NOUN
taxlaw-2791	296	6	,	,	PUNCT
taxlaw-2791	296	7	lp	lp	PROPN
taxlaw-2791	296	8	furnishes	furnish	VERB
taxlaw-2791	296	9	the	the	DET
taxlaw-2791	296	10	partnership	partnership	NOUN
taxlaw-2791	296	11	’s	’s	PART
taxlaw-2791	296	12	entire	entire	ADJ
taxlaw-2791	296	13	capital	capital	NOUN
taxlaw-2791	296	14	and	and	CCONJ
taxlaw-2791	296	15	effectively	effectively	ADV
taxlaw-2791	296	16	bears	bear	VERB
taxlaw-2791	296	17	the	the	DET
taxlaw-2791	296	18	tax	tax	NOUN
taxlaw-2791	296	19	burden	burden	NOUN
taxlaw-2791	296	20	attributable	attributable	ADJ
taxlaw-2791	296	21	to	to	PART
taxlaw-2791	296	22	gain	gain	VERB
taxlaw-2791	296	23	allocated	allocate	VERB
taxlaw-2791	296	24	to	to	ADP
taxlaw-2791	296	25	gp	gp	NOUN
taxlaw-2791	296	26	to	to	ADP
taxlaw-2791	296	27	the	the	DET
taxlaw-2791	296	28	extent	extent	NOUN
taxlaw-2791	296	29	that	that	PRON
taxlaw-2791	296	30	gp	gp	NOUN
taxlaw-2791	296	31	fails	fail	VERB
taxlaw-2791	296	32	to	to	PART
taxlaw-2791	296	33	earn	earn	VERB
taxlaw-2791	296	34	carry	carry	NOUN
taxlaw-2791	296	35	.	.	PUNCT
taxlaw-2791	297	1	there	there	PRON
taxlaw-2791	297	2	is	be	VERB
taxlaw-2791	297	3	a	a	DET
taxlaw-2791	297	4	strong	strong	ADJ
taxlaw-2791	297	5	argument	argument	NOUN
taxlaw-2791	297	6	that	that	SCONJ
taxlaw-2791	297	7	gp	gp	NOUN
taxlaw-2791	297	8	should	should	AUX
taxlaw-2791	297	9	not	not	PART
taxlaw-2791	297	10	be	be	AUX
taxlaw-2791	297	11	respected	respect	VERB
taxlaw-2791	297	12	as	as	ADP
taxlaw-2791	297	13	a	a	DET
taxlaw-2791	297	14	partner	partner	NOUN
taxlaw-2791	297	15	if	if	SCONJ
taxlaw-2791	297	16	,	,	PUNCT
taxlaw-2791	297	17	in	in	ADP
taxlaw-2791	297	18	a	a	DET
taxlaw-2791	297	19	worst	bad	ADJ
taxlaw-2791	297	20	-	-	PUNCT
taxlaw-2791	297	21	case	case	NOUN
taxlaw-2791	297	22	scenario	scenario	NOUN
taxlaw-2791	297	23	,	,	PUNCT
taxlaw-2791	297	24	lp	lp	NOUN
taxlaw-2791	297	25	effectively	effectively	ADV
taxlaw-2791	297	26	bears	bear	VERB
taxlaw-2791	297	27	the	the	DET
taxlaw-2791	297	28	burden	burden	NOUN
taxlaw-2791	297	29	of	of	ADP
taxlaw-2791	297	30	taxes	taxis	NOUN
taxlaw-2791	297	31	nominally	nominally	ADV
taxlaw-2791	297	32	imposed	impose	VERB
taxlaw-2791	297	33	on	on	ADP
taxlaw-2791	297	34	gp	gp	NOUN
taxlaw-2791	297	35	and	and	CCONJ
taxlaw-2791	297	36	the	the	DET
taxlaw-2791	297	37	underlying	underlie	VERB
taxlaw-2791	297	38	arrangement	arrangement	NOUN
taxlaw-2791	297	39	is	be	AUX
taxlaw-2791	297	40	intended	intend	VERB
taxlaw-2791	297	41	merely	merely	ADV
taxlaw-2791	297	42	to	to	PART
taxlaw-2791	297	43	reduce	reduce	VERB
taxlaw-2791	297	44	the	the	DET
taxlaw-2791	297	45	parties	party	NOUN
taxlaw-2791	297	46	’	'	PUNCT
taxlaw-2791	297	47	joint	joint	ADJ
taxlaw-2791	297	48	-	-	PUNCT
taxlaw-2791	297	49	tax	tax	NOUN
taxlaw-2791	297	50	liability.52	liability.52	NOUN
taxlaw-2791	297	51	allocating	allocate	VERB
taxlaw-2791	297	52	$	$	SYM
taxlaw-2791	297	53	1	1	NUM
taxlaw-2791	297	54	million	million	NUM
taxlaw-2791	297	55	of	of	ADP
taxlaw-2791	297	56	gain	gain	NOUN
taxlaw-2791	297	57	to	to	PART
taxlaw-2791	297	58	gp	gp	VERB
taxlaw-2791	297	59	in	in	ADP
taxlaw-2791	297	60	year	year	NOUN
taxlaw-2791	297	61	2	2	NUM
taxlaw-2791	297	62	allows	allow	VERB
taxlaw-2791	297	63	gp	gp	NOUN
taxlaw-2791	297	64	to	to	PART
taxlaw-2791	297	65	swap	swap	VERB
taxlaw-2791	297	66	ordinary	ordinary	ADJ
taxlaw-2791	297	67	compensation	compensation	NOUN
taxlaw-2791	297	68	income	income	NOUN
taxlaw-2791	297	69	for	for	ADP
taxlaw-2791	297	70	capital	capital	NOUN
taxlaw-2791	297	71	gain	gain	NOUN
taxlaw-2791	297	72	,	,	PUNCT
taxlaw-2791	297	73	even	even	ADV
taxlaw-2791	297	74	though	though	SCONJ
taxlaw-2791	297	75	repayment	repayment	NOUN
taxlaw-2791	297	76	of	of	ADP
taxlaw-2791	297	77	the	the	DET
taxlaw-2791	297	78	net	net	ADJ
taxlaw-2791	297	79	after	after	ADP
taxlaw-2791	297	80	-	-	PUNCT
taxlaw-2791	297	81	tax	tax	NOUN
taxlaw-2791	297	82	distribution	distribution	NOUN
taxlaw-2791	297	83	leaves	leave	VERB
taxlaw-2791	297	84	gp	gp	VERB
taxlaw-2791	298	1	no	no	ADV
taxlaw-2791	298	2	worse	worse	ADV
taxlaw-2791	298	3	off	off	ADV
taxlaw-2791	298	4	than	than	SCONJ
taxlaw-2791	298	5	if	if	SCONJ
taxlaw-2791	298	6	the	the	DET
taxlaw-2791	298	7	entire	entire	ADJ
taxlaw-2791	298	8	gain	gain	NOUN
taxlaw-2791	298	9	were	be	AUX
taxlaw-2791	298	10	allocated	allocate	VERB
taxlaw-2791	298	11	to	to	ADP
taxlaw-2791	298	12	lp	lp	NOUN
taxlaw-2791	298	13	.	.	PUNCT
taxlaw-2791	299	1	c.	c.	PROPN
taxlaw-2791	299	2	timing	timing	PROPN
taxlaw-2791	299	3	of	of	ADP
taxlaw-2791	299	4	distributions	distribution	NOUN
taxlaw-2791	299	5	and	and	CCONJ
taxlaw-2791	299	6	disguised	disguised	ADJ
taxlaw-2791	299	7	loans	loan	NOUN
taxlaw-2791	299	8	the	the	DET
taxlaw-2791	299	9	partnership	partnership	NOUN
taxlaw-2791	299	10	’s	’s	PART
taxlaw-2791	299	11	allocation	allocation	NOUN
taxlaw-2791	299	12	provisions	provision	NOUN
taxlaw-2791	299	13	determine	determine	VERB
taxlaw-2791	299	14	how	how	SCONJ
taxlaw-2791	299	15	gain	gain	NOUN
taxlaw-2791	299	16	or	or	CCONJ
taxlaw-2791	299	17	loss	loss	NOUN
taxlaw-2791	299	18	is	be	AUX
taxlaw-2791	299	19	shared	share	VERB
taxlaw-2791	299	20	among	among	ADP
taxlaw-2791	299	21	the	the	DET
taxlaw-2791	299	22	partners	partner	NOUN
taxlaw-2791	299	23	when	when	SCONJ
taxlaw-2791	299	24	realized	realize	VERB
taxlaw-2791	299	25	by	by	ADP
taxlaw-2791	299	26	the	the	DET
taxlaw-2791	299	27	partnership	partnership	NOUN
taxlaw-2791	299	28	.	.	PUNCT
taxlaw-2791	300	1	by	by	ADP
taxlaw-2791	300	2	contrast	contrast	NOUN
taxlaw-2791	300	3	,	,	PUNCT
taxlaw-2791	300	4	the	the	DET
taxlaw-2791	300	5	distribution	distribution	NOUN
taxlaw-2791	300	6	provisions	provision	NOUN
taxlaw-2791	300	7	determine	determine	VERB
taxlaw-2791	300	8	when	when	SCONJ
taxlaw-2791	300	9	partners	partner	NOUN
taxlaw-2791	300	10	will	will	AUX
taxlaw-2791	300	11	actually	actually	ADV
taxlaw-2791	300	12	receive	receive	VERB
taxlaw-2791	300	13	cash	cash	NOUN
taxlaw-2791	300	14	from	from	ADP
taxlaw-2791	300	15	the	the	DET
taxlaw-2791	300	16	partnership	partnership	NOUN
taxlaw-2791	300	17	.	.	PUNCT
taxlaw-2791	301	1	if	if	SCONJ
taxlaw-2791	301	2	income	income	NOUN
taxlaw-2791	301	3	has	have	AUX
taxlaw-2791	301	4	previously	previously	ADV
taxlaw-2791	301	5	been	be	AUX
taxlaw-2791	301	6	taxed	tax	VERB
taxlaw-2791	301	7	to	to	ADP
taxlaw-2791	301	8	a	a	DET
taxlaw-2791	301	9	partner	partner	NOUN
taxlaw-2791	301	10	,	,	PUNCT
taxlaw-2791	301	11	the	the	DET
taxlaw-2791	301	12	corresponding	corresponding	ADJ
taxlaw-2791	301	13	distributions	distribution	NOUN
taxlaw-2791	301	14	are	be	AUX
taxlaw-2791	301	15	generally	generally	ADV
taxlaw-2791	301	16	tax	tax	NOUN
taxlaw-2791	301	17	free.53	free.53	NOUN
taxlaw-2791	301	18	depending	depend	VERB
taxlaw-2791	301	19	on	on	ADP
taxlaw-2791	301	20	the	the	DET
taxlaw-2791	301	21	consequences	consequence	NOUN
taxlaw-2791	301	22	vary	vary	VERB
taxlaw-2791	301	23	,	,	PUNCT
taxlaw-2791	301	24	the	the	DET
taxlaw-2791	301	25	funding	funding	NOUN
taxlaw-2791	301	26	of	of	ADP
taxlaw-2791	301	27	the	the	DET
taxlaw-2791	301	28	clawback	clawback	NOUN
taxlaw-2791	301	29	obligation	obligation	NOUN
taxlaw-2791	301	30	will	will	AUX
taxlaw-2791	301	31	generally	generally	ADV
taxlaw-2791	301	32	result	result	VERB
taxlaw-2791	301	33	in	in	ADP
taxlaw-2791	301	34	a	a	DET
taxlaw-2791	301	35	shortterm	shortterm	NOUN
taxlaw-2791	301	36	capital	capital	NOUN
taxlaw-2791	301	37	loss	loss	NOUN
taxlaw-2791	301	38	to	to	PART
taxlaw-2791	301	39	gp	gp	VERB
taxlaw-2791	301	40	;	;	PUNCT
taxlaw-2791	301	41	non	non	ADJ
taxlaw-2791	301	42	-	-	ADJ
taxlaw-2791	301	43	corporate	corporate	ADJ
taxlaw-2791	301	44	taxpayers	taxpayer	NOUN
taxlaw-2791	301	45	are	be	AUX
taxlaw-2791	301	46	not	not	PART
taxlaw-2791	301	47	permitted	permit	VERB
taxlaw-2791	301	48	to	to	PART
taxlaw-2791	301	49	carry	carry	VERB
taxlaw-2791	301	50	back	back	ADP
taxlaw-2791	301	51	capital	capital	NOUN
taxlaw-2791	301	52	losses	loss	NOUN
taxlaw-2791	301	53	in	in	ADP
taxlaw-2791	301	54	order	order	NOUN
taxlaw-2791	301	55	to	to	PART
taxlaw-2791	301	56	offset	offset	VERB
taxlaw-2791	301	57	capital	capital	NOUN
taxlaw-2791	301	58	gains	gain	NOUN
taxlaw-2791	301	59	in	in	ADP
taxlaw-2791	301	60	prior	prior	ADJ
taxlaw-2791	301	61	years	year	NOUN
taxlaw-2791	301	62	.	.	PUNCT
taxlaw-2791	302	1	see	see	VERB
taxlaw-2791	302	2	i.r.c	i.r.c	NOUN
taxlaw-2791	302	3	.	.	PUNCT
taxlaw-2791	303	1	§	§	PROPN
taxlaw-2791	303	2	§	§	PROPN
taxlaw-2791	303	3	1211(b	1211(b	NOUN
taxlaw-2791	303	4	)	)	PUNCT
taxlaw-2791	303	5	,	,	PUNCT
taxlaw-2791	303	6	172(d	172(d	PROPN
taxlaw-2791	303	7	)	)	PUNCT
taxlaw-2791	303	8	(	(	PUNCT
taxlaw-2791	303	9	2009	2009	NUM
taxlaw-2791	303	10	)	)	PUNCT
taxlaw-2791	303	11	.	.	PUNCT
taxlaw-2791	304	1	51	51	NUM
taxlaw-2791	304	2	.	.	PUNCT
taxlaw-2791	305	1	see	see	VERB
taxlaw-2791	305	2	needham	needham	PROPN
taxlaw-2791	305	3	&	&	CCONJ
taxlaw-2791	305	4	adams	adams	PROPN
taxlaw-2791	305	5	,	,	PUNCT
taxlaw-2791	305	6	supra	supra	PROPN
taxlaw-2791	305	7	note	note	PROPN
taxlaw-2791	305	8	27	27	NUM
taxlaw-2791	305	9	,	,	PUNCT
taxlaw-2791	305	10	at	at	ADP
taxlaw-2791	305	11	a-10	a-10	PROPN
taxlaw-2791	305	12	.	.	PUNCT
taxlaw-2791	306	1	to	to	PART
taxlaw-2791	306	2	mitigate	mitigate	VERB
taxlaw-2791	306	3	the	the	DET
taxlaw-2791	306	4	likelihood	likelihood	NOUN
taxlaw-2791	306	5	of	of	ADP
taxlaw-2791	306	6	a	a	DET
taxlaw-2791	306	7	clawback	clawback	NOUN
taxlaw-2791	306	8	arising	arise	VERB
taxlaw-2791	306	9	,	,	PUNCT
taxlaw-2791	306	10	p	p	PRON
taxlaw-2791	306	11	may	may	AUX
taxlaw-2791	306	12	choose	choose	VERB
taxlaw-2791	306	13	to	to	PART
taxlaw-2791	306	14	“	"	PUNCT
taxlaw-2791	306	15	write	write	VERB
taxlaw-2791	306	16	down	down	ADP
taxlaw-2791	306	17	”	"	PUNCT
taxlaw-2791	306	18	any	any	DET
taxlaw-2791	306	19	unrealized	unrealized	ADJ
taxlaw-2791	306	20	losses	loss	NOUN
taxlaw-2791	306	21	in	in	ADP
taxlaw-2791	306	22	assets	asset	NOUN
taxlaw-2791	306	23	not	not	PART
taxlaw-2791	306	24	yet	yet	ADV
taxlaw-2791	306	25	sold	sell	VERB
taxlaw-2791	306	26	and	and	CCONJ
taxlaw-2791	306	27	treat	treat	VERB
taxlaw-2791	306	28	such	such	ADJ
taxlaw-2791	306	29	losses	loss	NOUN
taxlaw-2791	306	30	as	as	SCONJ
taxlaw-2791	306	31	if	if	SCONJ
taxlaw-2791	306	32	actually	actually	ADV
taxlaw-2791	306	33	incurred	incur	VERB
taxlaw-2791	306	34	.	.	PUNCT
taxlaw-2791	307	1	52	52	NUM
taxlaw-2791	307	2	.	.	PUNCT
taxlaw-2791	308	1	if	if	SCONJ
taxlaw-2791	308	2	lp	lp	NOUN
taxlaw-2791	308	3	bears	bear	VERB
taxlaw-2791	308	4	the	the	DET
taxlaw-2791	308	5	burden	burden	NOUN
taxlaw-2791	308	6	of	of	ADP
taxlaw-2791	308	7	the	the	DET
taxlaw-2791	308	8	taxes	taxis	NOUN
taxlaw-2791	308	9	nominally	nominally	ADV
taxlaw-2791	308	10	imposed	impose	VERB
taxlaw-2791	308	11	on	on	ADP
taxlaw-2791	308	12	gp	gp	NOUN
taxlaw-2791	308	13	’s	’s	PART
taxlaw-2791	308	14	allocable	allocable	ADJ
taxlaw-2791	308	15	share	share	NOUN
taxlaw-2791	308	16	of	of	ADP
taxlaw-2791	308	17	profits	profit	NOUN
taxlaw-2791	308	18	,	,	PUNCT
taxlaw-2791	308	19	gp	gp	NOUN
taxlaw-2791	308	20	’s	’s	PART
taxlaw-2791	308	21	willingness	willingness	NOUN
taxlaw-2791	308	22	to	to	PART
taxlaw-2791	308	23	be	be	AUX
taxlaw-2791	308	24	taxed	tax	VERB
taxlaw-2791	308	25	on	on	ADP
taxlaw-2791	308	26	such	such	ADJ
taxlaw-2791	308	27	implicit	implicit	ADJ
taxlaw-2791	308	28	salary	salary	NOUN
taxlaw-2791	308	29	is	be	AUX
taxlaw-2791	308	30	not	not	PART
taxlaw-2791	308	31	economically	economically	ADV
taxlaw-2791	308	32	meaningful	meaningful	ADJ
taxlaw-2791	308	33	.	.	PUNCT
taxlaw-2791	309	1	while	while	SCONJ
taxlaw-2791	309	2	the	the	DET
taxlaw-2791	309	3	assumption	assumption	NOUN
taxlaw-2791	309	4	that	that	SCONJ
taxlaw-2791	309	5	no	no	DET
taxlaw-2791	309	6	carry	carry	NOUN
taxlaw-2791	309	7	is	be	AUX
taxlaw-2791	309	8	earned	earn	VERB
taxlaw-2791	309	9	may	may	AUX
taxlaw-2791	309	10	seem	seem	VERB
taxlaw-2791	309	11	counterintuitive	counterintuitive	ADJ
taxlaw-2791	309	12	if	if	SCONJ
taxlaw-2791	309	13	investors	investor	NOUN
taxlaw-2791	309	14	expect	expect	VERB
taxlaw-2791	309	15	assets	asset	NOUN
taxlaw-2791	309	16	to	to	PART
taxlaw-2791	309	17	be	be	AUX
taxlaw-2791	309	18	sold	sell	VERB
taxlaw-2791	309	19	for	for	ADP
taxlaw-2791	309	20	an	an	DET
taxlaw-2791	309	21	amount	amount	NOUN
taxlaw-2791	309	22	in	in	ADP
taxlaw-2791	309	23	excess	excess	NOUN
taxlaw-2791	309	24	of	of	ADP
taxlaw-2791	309	25	their	their	PRON
taxlaw-2791	309	26	carrying	carry	VERB
taxlaw-2791	309	27	cost	cost	NOUN
taxlaw-2791	309	28	,	,	PUNCT
taxlaw-2791	309	29	the	the	DET
taxlaw-2791	309	30	§	§	PROPN
taxlaw-2791	309	31	704(b	704(b	PROPN
taxlaw-2791	309	32	)	)	PUNCT
taxlaw-2791	309	33	capital	capital	NOUN
taxlaw-2791	309	34	-	-	PUNCT
taxlaw-2791	309	35	account	account	NOUN
taxlaw-2791	309	36	analysis	analysis	NOUN
taxlaw-2791	309	37	nevertheless	nevertheless	ADV
taxlaw-2791	309	38	tests	test	VERB
taxlaw-2791	309	39	the	the	DET
taxlaw-2791	309	40	validity	validity	NOUN
taxlaw-2791	309	41	of	of	ADP
taxlaw-2791	309	42	allocations	allocation	NOUN
taxlaw-2791	309	43	based	base	VERB
taxlaw-2791	309	44	on	on	ADP
taxlaw-2791	309	45	a	a	DET
taxlaw-2791	309	46	hypothetical	hypothetical	ADJ
taxlaw-2791	309	47	worst	bad	ADJ
taxlaw-2791	309	48	case	case	NOUN
taxlaw-2791	309	49	.	.	PUNCT
taxlaw-2791	310	1	see	see	VERB
taxlaw-2791	310	2	treas	treas	PROPN
taxlaw-2791	310	3	.	.	PUNCT
taxlaw-2791	311	1	reg	reg	PROPN
taxlaw-2791	311	2	.	.	PUNCT
taxlaw-2791	312	1	§	§	PROPN
taxlaw-2791	312	2	1.704	1.704	NUM
taxlaw-2791	312	3	-	-	SYM
taxlaw-2791	312	4	1(b)(2)(ii	1(b)(2)(ii	NUM
taxlaw-2791	312	5	)	)	PUNCT
taxlaw-2791	312	6	(	(	PUNCT
taxlaw-2791	312	7	as	as	SCONJ
taxlaw-2791	312	8	amended	amend	VERB
taxlaw-2791	312	9	in	in	ADP
taxlaw-2791	312	10	2008	2008	NUM
taxlaw-2791	312	11	)	)	PUNCT
taxlaw-2791	312	12	.	.	PUNCT
taxlaw-2791	313	1	53	53	NUM
taxlaw-2791	313	2	.	.	X
taxlaw-2791	313	3	see	see	VERB
taxlaw-2791	313	4	i.r.c	i.r.c	NOUN
taxlaw-2791	313	5	.	.	PUNCT
taxlaw-2791	314	1	§	§	PROPN
taxlaw-2791	314	2	731	731	NUM
taxlaw-2791	314	3	(	(	PUNCT
taxlaw-2791	314	4	2009	2009	NUM
taxlaw-2791	314	5	)	)	PUNCT
taxlaw-2791	314	6	.	.	PUNCT
taxlaw-2791	315	1	2010	2010	NUM
taxlaw-2791	315	2	]	]	PUNCT
taxlaw-2791	315	3	the	the	DET
taxlaw-2791	315	4	sou	sou	PROPN
taxlaw-2791	315	5	�	�	PROPN
taxlaw-2791	315	6	d	d	PROPN
taxlaw-2791	315	7	a	a	DET
taxlaw-2791	315	8	�	�	PROPN
taxlaw-2791	315	9	d	d	NOUN
taxlaw-2791	315	10	fury	fury	NOUN
taxlaw-2791	315	11	of	of	ADP
taxlaw-2791	315	12	carried	carry	VERB
taxlaw-2791	315	13	i	i	PRON
taxlaw-2791	315	14	�	�	VERB
taxlaw-2791	315	15	terest	ter	ADJ
taxlaw-2791	315	16	reform	reform	NOUN
taxlaw-2791	315	17	15	15	NUM
taxlaw-2791	315	18	substance	substance	NOUN
taxlaw-2791	315	19	of	of	ADP
taxlaw-2791	315	20	the	the	DET
taxlaw-2791	315	21	parties	party	NOUN
taxlaw-2791	315	22	’	'	PUNCT
taxlaw-2791	315	23	economic	economic	ADJ
taxlaw-2791	315	24	arrangement	arrangement	NOUN
taxlaw-2791	315	25	,	,	PUNCT
taxlaw-2791	315	26	however	however	ADV
taxlaw-2791	315	27	,	,	PUNCT
taxlaw-2791	315	28	a	a	DET
taxlaw-2791	315	29	purported	purport	VERB
taxlaw-2791	315	30	distribution	distribution	NOUN
taxlaw-2791	315	31	may	may	AUX
taxlaw-2791	315	32	represent	represent	VERB
taxlaw-2791	315	33	a	a	DET
taxlaw-2791	315	34	disguised	disguised	ADJ
taxlaw-2791	315	35	payment	payment	NOUN
taxlaw-2791	315	36	for	for	ADP
taxlaw-2791	315	37	services	service	NOUN
taxlaw-2791	315	38	or	or	CCONJ
taxlaw-2791	315	39	an	an	DET
taxlaw-2791	315	40	implicit	implicit	ADJ
taxlaw-2791	315	41	loan	loan	NOUN
taxlaw-2791	315	42	and	and	CCONJ
taxlaw-2791	315	43	be	be	AUX
taxlaw-2791	315	44	taxed	tax	VERB
taxlaw-2791	315	45	accordingly.54	accordingly.54	PROPN
taxlaw-2791	315	46	from	from	ADP
taxlaw-2791	315	47	gp	gp	PROPN
taxlaw-2791	315	48	’s	’s	PART
taxlaw-2791	315	49	perspective	perspective	NOUN
taxlaw-2791	315	50	,	,	PUNCT
taxlaw-2791	315	51	the	the	DET
taxlaw-2791	315	52	timing	timing	NOUN
taxlaw-2791	315	53	of	of	ADP
taxlaw-2791	315	54	distributions	distribution	NOUN
taxlaw-2791	315	55	is	be	AUX
taxlaw-2791	315	56	apparently	apparently	ADV
taxlaw-2791	315	57	paramount	paramount	ADJ
taxlaw-2791	315	58	.	.	PUNCT
taxlaw-2791	316	1	gp	gp	NOUN
taxlaw-2791	316	2	is	be	AUX
taxlaw-2791	316	3	likely	likely	ADJ
taxlaw-2791	316	4	to	to	PART
taxlaw-2791	316	5	resist	resist	VERB
taxlaw-2791	316	6	strenuously	strenuously	ADV
taxlaw-2791	316	7	the	the	DET
taxlaw-2791	316	8	notion	notion	NOUN
taxlaw-2791	316	9	of	of	ADP
taxlaw-2791	316	10	deferring	defer	VERB
taxlaw-2791	316	11	distributions	distribution	NOUN
taxlaw-2791	316	12	until	until	SCONJ
taxlaw-2791	316	13	all	all	PRON
taxlaw-2791	316	14	of	of	ADP
taxlaw-2791	316	15	p	p	X
taxlaw-2791	316	16	’s	’s	NOUN
taxlaw-2791	316	17	assets	asset	NOUN
taxlaw-2791	316	18	are	be	AUX
taxlaw-2791	316	19	sold	sell	VERB
taxlaw-2791	316	20	and	and	CCONJ
taxlaw-2791	316	21	p	p	NOUN
taxlaw-2791	316	22	is	be	AUX
taxlaw-2791	316	23	wound	wind	VERB
taxlaw-2791	316	24	up	up	ADP
taxlaw-2791	316	25	.	.	PUNCT
taxlaw-2791	317	1	since	since	SCONJ
taxlaw-2791	317	2	the	the	DET
taxlaw-2791	317	3	clawback	clawback	NOUN
taxlaw-2791	317	4	obligation	obligation	NOUN
taxlaw-2791	317	5	is	be	AUX
taxlaw-2791	317	6	unsecured	unsecured	ADJ
taxlaw-2791	317	7	,	,	PUNCT
taxlaw-2791	317	8	however	however	ADV
taxlaw-2791	317	9	,	,	PUNCT
taxlaw-2791	317	10	lp	lp	ADJ
taxlaw-2791	317	11	risks	risk	NOUN
taxlaw-2791	317	12	that	that	SCONJ
taxlaw-2791	317	13	gp	gp	NOUN
taxlaw-2791	317	14	will	will	AUX
taxlaw-2791	317	15	lack	lack	VERB
taxlaw-2791	317	16	sufficient	sufficient	ADJ
taxlaw-2791	317	17	funds	fund	NOUN
taxlaw-2791	317	18	to	to	PART
taxlaw-2791	317	19	restore	restore	VERB
taxlaw-2791	317	20	excess	excess	ADJ
taxlaw-2791	317	21	carried	carry	VERB
taxlaw-2791	317	22	interest	interest	NOUN
taxlaw-2791	317	23	distributions	distribution	NOUN
taxlaw-2791	317	24	.	.	PUNCT
taxlaw-2791	318	1	this	this	DET
taxlaw-2791	318	2	credit	credit	NOUN
taxlaw-2791	318	3	risk	risk	NOUN
taxlaw-2791	318	4	could	could	AUX
taxlaw-2791	318	5	be	be	AUX
taxlaw-2791	318	6	solved	solve	VERB
taxlaw-2791	318	7	by	by	ADP
taxlaw-2791	318	8	requiring	require	VERB
taxlaw-2791	318	9	escrow	escrow	NOUN
taxlaw-2791	318	10	of	of	ADP
taxlaw-2791	318	11	all	all	PRON
taxlaw-2791	318	12	or	or	CCONJ
taxlaw-2791	318	13	a	a	DET
taxlaw-2791	318	14	portion	portion	NOUN
taxlaw-2791	318	15	of	of	ADP
taxlaw-2791	318	16	gp	gp	NOUN
taxlaw-2791	318	17	’s	’s	PART
taxlaw-2791	318	18	distributions	distribution	NOUN
taxlaw-2791	318	19	until	until	SCONJ
taxlaw-2791	318	20	lp	lp	PROPN
taxlaw-2791	318	21	has	have	AUX
taxlaw-2791	318	22	received	receive	VERB
taxlaw-2791	318	23	a	a	DET
taxlaw-2791	318	24	return	return	NOUN
taxlaw-2791	318	25	of	of	ADP
taxlaw-2791	318	26	all	all	DET
taxlaw-2791	318	27	prior	prior	ADJ
taxlaw-2791	318	28	contributions.55	contributions.55	NOUN
taxlaw-2791	318	29	nevertheless	nevertheless	ADV
taxlaw-2791	318	30	,	,	PUNCT
taxlaw-2791	318	31	private	private	ADJ
taxlaw-2791	318	32	equity	equity	NOUN
taxlaw-2791	318	33	funds	fund	NOUN
taxlaw-2791	318	34	rarely	rarely	ADV
taxlaw-2791	318	35	follow	follow	VERB
taxlaw-2791	318	36	this	this	DET
taxlaw-2791	318	37	approach	approach	NOUN
taxlaw-2791	318	38	,	,	PUNCT
taxlaw-2791	318	39	perhaps	perhaps	ADV
taxlaw-2791	318	40	based	base	VERB
taxlaw-2791	318	41	on	on	ADP
taxlaw-2791	318	42	the	the	DET
taxlaw-2791	318	43	implicit	implicit	ADJ
taxlaw-2791	318	44	assumption	assumption	NOUN
taxlaw-2791	318	45	that	that	SCONJ
taxlaw-2791	318	46	“	"	PUNCT
taxlaw-2791	318	47	unrealized	unrealized	ADJ
taxlaw-2791	318	48	investments	investment	NOUN
taxlaw-2791	318	49	will	will	AUX
taxlaw-2791	318	50	generate	generate	VERB
taxlaw-2791	318	51	proceeds	proceed	NOUN
taxlaw-2791	318	52	at	at	ADP
taxlaw-2791	318	53	least	least	ADJ
taxlaw-2791	318	54	equal	equal	ADJ
taxlaw-2791	318	55	to	to	ADP
taxlaw-2791	318	56	their	their	PRON
taxlaw-2791	318	57	carrying	carrying	NOUN
taxlaw-2791	318	58	value	value	NOUN
taxlaw-2791	318	59	.	.	PUNCT
taxlaw-2791	319	1	”56	”56	VERB
taxlaw-2791	320	1	like	like	ADP
taxlaw-2791	320	2	the	the	DET
taxlaw-2791	320	3	provision	provision	NOUN
taxlaw-2791	320	4	concerning	concern	VERB
taxlaw-2791	320	5	deemed	deem	VERB
taxlaw-2791	320	6	taxes	taxis	NOUN
taxlaw-2791	320	7	paid	pay	VERB
taxlaw-2791	320	8	,	,	PUNCT
taxlaw-2791	320	9	the	the	DET
taxlaw-2791	320	10	distribution	distribution	NOUN
taxlaw-2791	320	11	methodology	methodology	NOUN
taxlaw-2791	320	12	is	be	AUX
taxlaw-2791	320	13	a	a	DET
taxlaw-2791	320	14	function	function	NOUN
taxlaw-2791	320	15	of	of	ADP
taxlaw-2791	320	16	the	the	DET
taxlaw-2791	320	17	parties	party	NOUN
taxlaw-2791	320	18	’	'	PUNCT
taxlaw-2791	320	19	relative	relative	ADJ
taxlaw-2791	320	20	bargaining	bargaining	NOUN
taxlaw-2791	320	21	power	power	NOUN
taxlaw-2791	320	22	.	.	PUNCT
taxlaw-2791	321	1	as	as	ADP
taxlaw-2791	321	2	an	an	DET
taxlaw-2791	321	3	economic	economic	ADJ
taxlaw-2791	321	4	matter	matter	NOUN
taxlaw-2791	321	5	,	,	PUNCT
taxlaw-2791	321	6	gp	gp	NOUN
taxlaw-2791	321	7	’s	’s	PART
taxlaw-2791	321	8	preference	preference	NOUN
taxlaw-2791	321	9	for	for	ADP
taxlaw-2791	321	10	early	early	ADJ
taxlaw-2791	321	11	distributions	distribution	NOUN
taxlaw-2791	321	12	may	may	AUX
taxlaw-2791	321	13	nevertheless	nevertheless	ADV
taxlaw-2791	321	14	be	be	AUX
taxlaw-2791	321	15	somewhat	somewhat	ADV
taxlaw-2791	321	16	puzzling	puzzling	ADJ
taxlaw-2791	321	17	.	.	PUNCT
taxlaw-2791	322	1	in	in	ADP
taxlaw-2791	322	2	theory	theory	NOUN
taxlaw-2791	322	3	,	,	PUNCT
taxlaw-2791	322	4	the	the	DET
taxlaw-2791	322	5	timing	timing	NOUN
taxlaw-2791	322	6	of	of	ADP
taxlaw-2791	322	7	distributions	distribution	NOUN
taxlaw-2791	322	8	should	should	AUX
taxlaw-2791	322	9	be	be	AUX
taxlaw-2791	322	10	irrelevant	irrelevant	ADJ
taxlaw-2791	322	11	,	,	PUNCT
taxlaw-2791	322	12	since	since	SCONJ
taxlaw-2791	322	13	adjustments	adjustment	NOUN
taxlaw-2791	322	14	to	to	ADP
taxlaw-2791	322	15	the	the	DET
taxlaw-2791	322	16	terms	term	NOUN
taxlaw-2791	322	17	of	of	ADP
taxlaw-2791	322	18	the	the	DET
taxlaw-2791	322	19	parties	party	NOUN
taxlaw-2791	322	20	’	'	PUNCT
taxlaw-2791	322	21	arrangement	arrangement	NOUN
taxlaw-2791	322	22	are	be	AUX
taxlaw-2791	322	23	possible	possible	ADJ
taxlaw-2791	322	24	to	to	PART
taxlaw-2791	322	25	reflect	reflect	VERB
taxlaw-2791	322	26	the	the	DET
taxlaw-2791	322	27	present	present	ADJ
taxlaw-2791	322	28	value	value	NOUN
taxlaw-2791	322	29	of	of	ADP
taxlaw-2791	322	30	accelerated	accelerate	VERB
taxlaw-2791	322	31	or	or	CCONJ
taxlaw-2791	322	32	deferred	defer	VERB
taxlaw-2791	322	33	distributions.57	distributions.57	PROPN
taxlaw-2791	322	34	indeed	indeed	ADV
taxlaw-2791	322	35	,	,	PUNCT
taxlaw-2791	322	36	gp	gp	NOUN
taxlaw-2791	322	37	should	should	AUX
taxlaw-2791	322	38	be	be	AUX
taxlaw-2791	322	39	able	able	ADJ
taxlaw-2791	322	40	to	to	PART
taxlaw-2791	322	41	borrow	borrow	VERB
taxlaw-2791	322	42	against	against	ADP
taxlaw-2791	322	43	his	his	PRON
taxlaw-2791	322	44	share	share	NOUN
taxlaw-2791	322	45	of	of	ADP
taxlaw-2791	322	46	undistributed	undistributed	ADJ
taxlaw-2791	322	47	profits	profit	NOUN
taxlaw-2791	322	48	to	to	PART
taxlaw-2791	322	49	replicate	replicate	VERB
taxlaw-2791	322	50	the	the	DET
taxlaw-2791	322	51	cashflow	cashflow	ADJ
taxlaw-2791	322	52	consequences	consequence	NOUN
taxlaw-2791	322	53	of	of	ADP
taxlaw-2791	322	54	accelerated	accelerate	VERB
taxlaw-2791	322	55	distributions.58	distributions.58	NOUN
taxlaw-2791	322	56	while	while	SCONJ
taxlaw-2791	322	57	often	often	ADV
taxlaw-2791	322	58	overlooked	overlook	VERB
taxlaw-2791	322	59	in	in	ADP
taxlaw-2791	322	60	the	the	DET
taxlaw-2791	322	61	carried	carry	VERB
taxlaw-2791	322	62	interest	interest	NOUN
taxlaw-2791	322	63	debate	debate	NOUN
taxlaw-2791	322	64	,	,	PUNCT
taxlaw-2791	322	65	the	the	DET
taxlaw-2791	322	66	choice	choice	NOUN
taxlaw-2791	322	67	of	of	ADP
taxlaw-2791	322	68	distribution	distribution	NOUN
taxlaw-2791	322	69	rules	rule	NOUN
taxlaw-2791	322	70	may	may	AUX
taxlaw-2791	322	71	significantly	significantly	ADV
taxlaw-2791	322	72	enhance	enhance	VERB
taxlaw-2791	322	73	gp	gp	NOUN
taxlaw-2791	322	74	’s	’s	PART
taxlaw-2791	322	75	overall	overall	ADJ
taxlaw-2791	322	76	compensation	compensation	NOUN
taxlaw-2791	322	77	.	.	PUNCT
taxlaw-2791	323	1	gp	gp	PROPN
taxlaw-2791	323	2	effectively	effectively	ADV
taxlaw-2791	323	3	borrows	borrow	VERB
taxlaw-2791	323	4	at	at	ADP
taxlaw-2791	323	5	no	no	DET
taxlaw-2791	323	6	interest	interest	NOUN
taxlaw-2791	323	7	from	from	ADP
taxlaw-2791	323	8	lp	lp	NOUN
taxlaw-2791	323	9	in	in	ADP
taxlaw-2791	323	10	exchange	exchange	NOUN
taxlaw-2791	323	11	for	for	ADP
taxlaw-2791	323	12	a	a	DET
taxlaw-2791	323	13	contingent	contingent	ADJ
taxlaw-2791	323	14	recourse	recourse	NOUN
taxlaw-2791	323	15	liability	liability	NOUN
taxlaw-2791	323	16	to	to	PART
taxlaw-2791	323	17	repay	repay	VERB
taxlaw-2791	323	18	unearned	unearned	ADJ
taxlaw-2791	323	19	distributions	distribution	NOUN
taxlaw-2791	323	20	upon	upon	SCONJ
taxlaw-2791	323	21	liquidation	liquidation	NOUN
taxlaw-2791	323	22	.	.	PUNCT
taxlaw-2791	324	1	the	the	DET
taxlaw-2791	324	2	§	§	PROPN
taxlaw-2791	324	3	704(b	704(b	PROPN
taxlaw-2791	324	4	)	)	PUNCT
taxlaw-2791	324	5	capital	capital	NOUN
taxlaw-2791	324	6	account	account	NOUN
taxlaw-2791	324	7	rules	rule	NOUN
taxlaw-2791	324	8	do	do	AUX
taxlaw-2791	324	9	not	not	PART
taxlaw-2791	324	10	identify	identify	VERB
taxlaw-2791	324	11	implicit	implicit	ADJ
taxlaw-2791	324	12	loans	loan	NOUN
taxlaw-2791	324	13	among	among	ADP
taxlaw-2791	324	14	partners	partner	NOUN
taxlaw-2791	324	15	or	or	CCONJ
taxlaw-2791	324	16	require	require	VERB
taxlaw-2791	324	17	interest	interest	NOUN
taxlaw-2791	324	18	to	to	PART
taxlaw-2791	324	19	be	be	AUX
taxlaw-2791	324	20	charged	charge	VERB
taxlaw-2791	324	21	on	on	ADP
taxlaw-2791	324	22	deficit	deficit	NOUN
taxlaw-2791	324	23	restoration	restoration	NOUN
taxlaw-2791	324	24	obligations	obligation	NOUN
taxlaw-2791	324	25	;	;	PUNCT
taxlaw-2791	324	26	nor	nor	CCONJ
taxlaw-2791	324	27	does	do	AUX
taxlaw-2791	324	28	gp	gp	PROPN
taxlaw-2791	324	29	’s	’s	PART
taxlaw-2791	324	30	interest	interest	NOUN
taxlaw-2791	324	31	-	-	PUNCT
taxlaw-2791	324	32	free	free	ADJ
taxlaw-2791	324	33	borrowing	borrowing	NOUN
taxlaw-2791	324	34	fall	fall	NOUN
taxlaw-2791	324	35	within	within	ADP
taxlaw-2791	324	36	the	the	DET
taxlaw-2791	324	37	rules	rule	NOUN
taxlaw-2791	324	38	of	of	ADP
taxlaw-2791	324	39	§	§	PROPN
taxlaw-2791	324	40	7872	7872	NUM
taxlaw-2791	324	41	for	for	ADP
taxlaw-2791	324	42	belowinterest	belowinterest	NOUN
taxlaw-2791	324	43	loans.59	loans.59	VERB
taxlaw-2791	324	44	the	the	DET
taxlaw-2791	324	45	valuable	valuable	ADJ
taxlaw-2791	324	46	no	no	DET
taxlaw-2791	324	47	-	-	PUNCT
taxlaw-2791	324	48	interest	interest	NOUN
taxlaw-2791	324	49	loan	loan	NOUN
taxlaw-2791	324	50	embedded	embed	VERB
taxlaw-2791	324	51	in	in	ADP
taxlaw-2791	324	52	the	the	DET
taxlaw-2791	324	53	opaque	opaque	ADJ
taxlaw-2791	324	54	and	and	CCONJ
taxlaw-2791	324	55	manipulable	manipulable	ADJ
taxlaw-2791	324	56	distribution	distribution	NOUN
taxlaw-2791	324	57	rules	rule	NOUN
taxlaw-2791	324	58	may	may	AUX
taxlaw-2791	324	59	help	help	VERB
taxlaw-2791	324	60	to	to	PART
taxlaw-2791	324	61	reinforce	reinforce	VERB
taxlaw-2791	324	62	gp	gp	NOUN
taxlaw-2791	324	63	’s	’s	PART
taxlaw-2791	324	64	preference	preference	NOUN
taxlaw-2791	324	65	for	for	ADP
taxlaw-2791	324	66	54	54	NUM
taxlaw-2791	324	67	.	.	PUNCT
taxlaw-2791	325	1	see	see	VERB
taxlaw-2791	325	2	,	,	PUNCT
taxlaw-2791	325	3	e.g.	e.g.	ADV
taxlaw-2791	325	4	,	,	PUNCT
taxlaw-2791	325	5	i.r.c	i.r.c	NOUN
taxlaw-2791	325	6	.	.	PUNCT
taxlaw-2791	326	1	§	§	PROPN
taxlaw-2791	326	2	707	707	NUM
taxlaw-2791	326	3	(	(	PUNCT
taxlaw-2791	326	4	2009	2009	NUM
taxlaw-2791	326	5	)	)	PUNCT
taxlaw-2791	326	6	.	.	PUNCT
taxlaw-2791	327	1	55	55	NUM
taxlaw-2791	327	2	.	.	PUNCT
taxlaw-2791	328	1	schell	schell	PROPN
taxlaw-2791	328	2	,	,	PUNCT
taxlaw-2791	328	3	supra	supra	PROPN
taxlaw-2791	328	4	note	note	PROPN
taxlaw-2791	328	5	28	28	NUM
taxlaw-2791	328	6	,	,	PUNCT
taxlaw-2791	328	7	at	at	ADP
taxlaw-2791	328	8	2	2	NUM
taxlaw-2791	328	9	-	-	SYM
taxlaw-2791	328	10	27	27	NUM
taxlaw-2791	328	11	(	(	PUNCT
taxlaw-2791	328	12	noting	note	VERB
taxlaw-2791	328	13	that	that	SCONJ
taxlaw-2791	328	14	the	the	DET
taxlaw-2791	328	15	escrow	escrow	ADJ
taxlaw-2791	328	16	approach	approach	NOUN
taxlaw-2791	328	17	“	"	PUNCT
taxlaw-2791	328	18	is	be	AUX
taxlaw-2791	328	19	strongly	strongly	ADV
taxlaw-2791	328	20	resisted	resist	VERB
taxlaw-2791	328	21	”	"	PUNCT
taxlaw-2791	328	22	)	)	PUNCT
taxlaw-2791	328	23	;	;	PUNCT
taxlaw-2791	328	24	see	see	VERB
taxlaw-2791	328	25	also	also	ADV
taxlaw-2791	328	26	kate	kate	PROPN
taxlaw-2791	328	27	litvak	litvak	ADJ
taxlaw-2791	328	28	,	,	PUNCT
taxlaw-2791	328	29	venture	venture	NOUN
taxlaw-2791	328	30	capital	capital	NOUN
taxlaw-2791	328	31	limited	limit	VERB
taxlaw-2791	328	32	partnership	partnership	NOUN
taxlaw-2791	328	33	agreements	agreement	NOUN
taxlaw-2791	328	34	:	:	PUNCT
taxlaw-2791	328	35	understanding	understand	VERB
taxlaw-2791	328	36	compensation	compensation	NOUN
taxlaw-2791	328	37	arrangements	arrangement	NOUN
taxlaw-2791	328	38	,	,	PUNCT
taxlaw-2791	328	39	76	76	NUM
taxlaw-2791	328	40	u.	u.	NOUN
taxlaw-2791	328	41	chi	chi	PROPN
taxlaw-2791	328	42	.	.	PUNCT
taxlaw-2791	329	1	l.	l.	PROPN
taxlaw-2791	329	2	rev	rev	PROPN
taxlaw-2791	329	3	.	.	PROPN
taxlaw-2791	329	4	161	161	NUM
taxlaw-2791	329	5	,	,	PUNCT
taxlaw-2791	329	6	177	177	NUM
taxlaw-2791	329	7	(	(	PUNCT
taxlaw-2791	329	8	2009	2009	NUM
taxlaw-2791	329	9	)	)	PUNCT
taxlaw-2791	329	10	(	(	PUNCT
taxlaw-2791	329	11	describing	describe	VERB
taxlaw-2791	329	12	the	the	DET
taxlaw-2791	329	13	escrow	escrow	ADJ
taxlaw-2791	329	14	approach	approach	NOUN
taxlaw-2791	329	15	as	as	ADV
taxlaw-2791	329	16	least	least	ADJ
taxlaw-2791	329	17	favorable	favorable	ADJ
taxlaw-2791	329	18	from	from	ADP
taxlaw-2791	329	19	gp	gp	NOUN
taxlaw-2791	329	20	’s	’s	PART
taxlaw-2791	329	21	perspective	perspective	NOUN
taxlaw-2791	329	22	,	,	PUNCT
taxlaw-2791	329	23	since	since	SCONJ
taxlaw-2791	329	24	gp	gp	NOUN
taxlaw-2791	329	25	“	"	PUNCT
taxlaw-2791	329	26	has	have	AUX
taxlaw-2791	329	27	,	,	PUNCT
taxlaw-2791	329	28	in	in	ADP
taxlaw-2791	329	29	effect	effect	NOUN
taxlaw-2791	329	30	,	,	PUNCT
taxlaw-2791	329	31	made	make	VERB
taxlaw-2791	329	32	an	an	DET
taxlaw-2791	329	33	interest	interest	NOUN
taxlaw-2791	329	34	-	-	PUNCT
taxlaw-2791	329	35	free	free	ADJ
taxlaw-2791	329	36	loan	loan	NOUN
taxlaw-2791	329	37	to	to	ADP
taxlaw-2791	329	38	investors	investor	NOUN
taxlaw-2791	329	39	”	"	PUNCT
taxlaw-2791	329	40	)	)	PUNCT
taxlaw-2791	329	41	.	.	PUNCT
taxlaw-2791	330	1	of	of	ADP
taxlaw-2791	330	2	course	course	NOUN
taxlaw-2791	330	3	,	,	PUNCT
taxlaw-2791	330	4	gp	gp	NOUN
taxlaw-2791	330	5	could	could	AUX
taxlaw-2791	330	6	be	be	AUX
taxlaw-2791	330	7	credited	credit	VERB
taxlaw-2791	330	8	with	with	ADP
taxlaw-2791	330	9	interest	interest	NOUN
taxlaw-2791	330	10	on	on	ADP
taxlaw-2791	330	11	the	the	DET
taxlaw-2791	330	12	escrowed	escrowe	VERB
taxlaw-2791	330	13	amounts	amount	NOUN
taxlaw-2791	330	14	.	.	PUNCT
taxlaw-2791	331	1	see	see	VERB
taxlaw-2791	331	2	asofsky	asofsky	PROPN
taxlaw-2791	331	3	&	&	CCONJ
taxlaw-2791	331	4	needham	needham	PROPN
taxlaw-2791	331	5	,	,	PUNCT
taxlaw-2791	331	6	supra	supra	PROPN
taxlaw-2791	331	7	note	note	PROPN
taxlaw-2791	331	8	45	45	NUM
taxlaw-2791	331	9	,	,	PUNCT
taxlaw-2791	331	10	at	at	ADP
taxlaw-2791	331	11	1310	1310	NUM
taxlaw-2791	331	12	.	.	PUNCT
taxlaw-2791	332	1	56	56	NUM
taxlaw-2791	332	2	.	.	PUNCT
taxlaw-2791	332	3	schell	schell	PROPN
taxlaw-2791	332	4	,	,	PUNCT
taxlaw-2791	332	5	supra	supra	PROPN
taxlaw-2791	332	6	note	note	PROPN
taxlaw-2791	332	7	28	28	NUM
taxlaw-2791	332	8	,	,	PUNCT
taxlaw-2791	332	9	at	at	ADP
taxlaw-2791	332	10	2	2	NUM
taxlaw-2791	332	11	-	-	SYM
taxlaw-2791	332	12	21	21	NUM
taxlaw-2791	332	13	.	.	PUNCT
taxlaw-2791	333	1	57	57	NUM
taxlaw-2791	333	2	.	.	PUNCT
taxlaw-2791	334	1	see	see	VERB
taxlaw-2791	334	2	litvak	litvak	ADJ
taxlaw-2791	334	3	,	,	PUNCT
taxlaw-2791	334	4	supra	supra	PROPN
taxlaw-2791	334	5	note	note	NOUN
taxlaw-2791	334	6	55	55	NUM
taxlaw-2791	334	7	,	,	PUNCT
taxlaw-2791	334	8	at	at	ADP
taxlaw-2791	334	9	176	176	NUM
taxlaw-2791	334	10	.	.	PUNCT
taxlaw-2791	335	1	58	58	NUM
taxlaw-2791	335	2	.	.	PUNCT
taxlaw-2791	336	1	cf	cf	INTJ
taxlaw-2791	336	2	.	.	PUNCT
taxlaw-2791	337	1	i	i	PRON
taxlaw-2791	337	2	d.	d.	PROPN
taxlaw-2791	337	3	(	(	PUNCT
taxlaw-2791	337	4	noting	note	VERB
taxlaw-2791	337	5	sponsors	sponsor	NOUN
taxlaw-2791	337	6	’	'	PUNCT
taxlaw-2791	337	7	claim	claim	VERB
taxlaw-2791	337	8	that	that	SCONJ
taxlaw-2791	337	9	“	"	PUNCT
taxlaw-2791	337	10	borrowing	borrow	VERB
taxlaw-2791	337	11	from	from	ADP
taxlaw-2791	337	12	outside	outside	ADJ
taxlaw-2791	337	13	lenders	lender	NOUN
taxlaw-2791	337	14	against	against	ADP
taxlaw-2791	337	15	future	future	ADJ
taxlaw-2791	337	16	income	income	NOUN
taxlaw-2791	337	17	[	[	X
taxlaw-2791	337	18	would	would	AUX
taxlaw-2791	337	19	be	be	AUX
taxlaw-2791	337	20	]	]	PUNCT
taxlaw-2791	337	21	prohibitively	prohibitively	ADV
taxlaw-2791	337	22	expensive	expensive	ADJ
taxlaw-2791	337	23	”	"	PUNCT
taxlaw-2791	337	24	)	)	PUNCT
taxlaw-2791	337	25	.	.	PUNCT
taxlaw-2791	338	1	59	59	NUM
taxlaw-2791	338	2	.	.	PUNCT
taxlaw-2791	339	1	see	see	VERB
taxlaw-2791	339	2	treas	treas	PROPN
taxlaw-2791	339	3	.	.	PUNCT
taxlaw-2791	340	1	reg	reg	PROPN
taxlaw-2791	340	2	.	.	PUNCT
taxlaw-2791	341	1	§	§	PROPN
taxlaw-2791	341	2	1.704	1.704	NUM
taxlaw-2791	341	3	-	-	NUM
taxlaw-2791	341	4	1(b)(2)(ii)(c	1(b)(2)(ii)(c	NUM
taxlaw-2791	341	5	)	)	PUNCT
taxlaw-2791	341	6	(	(	PUNCT
taxlaw-2791	341	7	as	as	SCONJ
taxlaw-2791	341	8	amended	amend	VERB
taxlaw-2791	341	9	in	in	ADP
taxlaw-2791	341	10	2008	2008	NUM
taxlaw-2791	341	11	)	)	PUNCT
taxlaw-2791	341	12	.	.	PUNCT
taxlaw-2791	342	1	cf	cf	NOUN
taxlaw-2791	342	2	.	.	PUNCT
taxlaw-2791	342	3	i.r.c	i.r.c	PROPN
taxlaw-2791	342	4	.	.	PUNCT
taxlaw-2791	343	1	§	§	PROPN
taxlaw-2791	343	2	7872	7872	NUM
taxlaw-2791	343	3	(	(	PUNCT
taxlaw-2791	343	4	2009	2009	NUM
taxlaw-2791	343	5	)	)	PUNCT
taxlaw-2791	343	6	(	(	PUNCT
taxlaw-2791	343	7	governing	govern	VERB
taxlaw-2791	343	8	interest	interest	NOUN
taxlaw-2791	343	9	-	-	PUNCT
taxlaw-2791	343	10	free	free	ADJ
taxlaw-2791	343	11	loans	loan	NOUN
taxlaw-2791	343	12	generally	generally	ADV
taxlaw-2791	343	13	between	between	ADP
taxlaw-2791	343	14	employees	employee	NOUN
taxlaw-2791	343	15	and	and	CCONJ
taxlaw-2791	343	16	employers	employer	NOUN
taxlaw-2791	343	17	)	)	PUNCT
taxlaw-2791	343	18	.	.	PUNCT
taxlaw-2791	344	1	16	16	NUM
taxlaw-2791	344	2	columbia	columbia	PROPN
taxlaw-2791	344	3	jour	jour	PROPN
taxlaw-2791	344	4	�	�	PROPN
taxlaw-2791	344	5	al	al	PROPN
taxlaw-2791	344	6	of	of	ADP
taxlaw-2791	344	7	tax	tax	NOUN
taxlaw-2791	344	8	law	law	NOUN
taxlaw-2791	345	1	[	[	X
taxlaw-2791	345	2	vol	vol	NOUN
taxlaw-2791	345	3	.	.	PUNCT
taxlaw-2791	345	4	1:1	1:1	NUM
taxlaw-2791	346	1	early	early	ADJ
taxlaw-2791	346	2	distributions.60	distributions.60	PROPN
taxlaw-2791	346	3	by	by	ADP
taxlaw-2791	346	4	using	use	VERB
taxlaw-2791	346	5	a	a	DET
taxlaw-2791	346	6	profits	profit	NOUN
taxlaw-2791	346	7	interest	interest	NOUN
taxlaw-2791	346	8	(	(	PUNCT
taxlaw-2791	346	9	rather	rather	ADV
taxlaw-2791	346	10	than	than	ADP
taxlaw-2791	346	11	an	an	DET
taxlaw-2791	346	12	economically	economically	ADV
taxlaw-2791	346	13	equivalent	equivalent	ADJ
taxlaw-2791	346	14	option	option	NOUN
taxlaw-2791	346	15	)	)	PUNCT
taxlaw-2791	346	16	,	,	PUNCT
taxlaw-2791	346	17	gp	gp	NOUN
taxlaw-2791	346	18	gains	gain	VERB
taxlaw-2791	346	19	access	access	NOUN
taxlaw-2791	346	20	to	to	ADP
taxlaw-2791	346	21	implicit	implicit	ADJ
taxlaw-2791	346	22	interest	interest	NOUN
taxlaw-2791	346	23	-	-	PUNCT
taxlaw-2791	346	24	free	free	ADJ
taxlaw-2791	346	25	loans	loan	NOUN
taxlaw-2791	346	26	as	as	ADV
taxlaw-2791	346	27	well	well	ADV
taxlaw-2791	346	28	as	as	ADP
taxlaw-2791	346	29	the	the	DET
taxlaw-2791	346	30	opportunity	opportunity	NOUN
taxlaw-2791	346	31	to	to	PART
taxlaw-2791	346	32	convert	convert	VERB
taxlaw-2791	346	33	ordinary	ordinary	ADJ
taxlaw-2791	346	34	income	income	NOUN
taxlaw-2791	346	35	into	into	ADP
taxlaw-2791	346	36	capital	capital	NOUN
taxlaw-2791	346	37	gain	gain	NOUN
taxlaw-2791	346	38	;	;	PUNCT
taxlaw-2791	346	39	thus	thus	ADV
taxlaw-2791	346	40	,	,	PUNCT
taxlaw-2791	346	41	the	the	DET
taxlaw-2791	346	42	tax	tax	NOUN
taxlaw-2791	346	43	advantage	advantage	NOUN
taxlaw-2791	346	44	alone	alone	ADV
taxlaw-2791	346	45	may	may	AUX
taxlaw-2791	346	46	be	be	AUX
taxlaw-2791	346	47	only	only	ADV
taxlaw-2791	346	48	a	a	DET
taxlaw-2791	346	49	partial	partial	ADJ
taxlaw-2791	346	50	explanation	explanation	NOUN
taxlaw-2791	346	51	of	of	ADP
taxlaw-2791	346	52	gp	gp	NOUN
taxlaw-2791	346	53	’s	’s	PART
taxlaw-2791	346	54	desire	desire	NOUN
taxlaw-2791	346	55	for	for	ADP
taxlaw-2791	346	56	a	a	DET
taxlaw-2791	346	57	carried	carry	VERB
taxlaw-2791	346	58	interest	interest	NOUN
taxlaw-2791	346	59	arrangement	arrangement	NOUN
taxlaw-2791	346	60	.	.	PUNCT
taxlaw-2791	347	1	since	since	SCONJ
taxlaw-2791	347	2	drafting	draft	VERB
taxlaw-2791	347	3	the	the	DET
taxlaw-2791	347	4	intricate	intricate	ADJ
taxlaw-2791	347	5	distribution	distribution	NOUN
taxlaw-2791	347	6	provisions	provision	NOUN
taxlaw-2791	347	7	is	be	AUX
taxlaw-2791	347	8	preeminently	preeminently	ADV
taxlaw-2791	347	9	the	the	DET
taxlaw-2791	347	10	task	task	NOUN
taxlaw-2791	347	11	of	of	ADP
taxlaw-2791	347	12	tax	tax	NOUN
taxlaw-2791	347	13	lawyers	lawyer	NOUN
taxlaw-2791	347	14	,	,	PUNCT
taxlaw-2791	347	15	even	even	ADV
taxlaw-2791	347	16	sophisticated	sophisticated	ADJ
taxlaw-2791	347	17	parties	party	NOUN
taxlaw-2791	347	18	may	may	AUX
taxlaw-2791	347	19	not	not	PART
taxlaw-2791	347	20	fully	fully	ADV
taxlaw-2791	347	21	comprehend	comprehend	VERB
taxlaw-2791	347	22	the	the	DET
taxlaw-2791	347	23	economic	economic	ADJ
taxlaw-2791	347	24	import	import	NOUN
taxlaw-2791	347	25	of	of	ADP
taxlaw-2791	347	26	these	these	PRON
taxlaw-2791	347	27	ordering	order	VERB
taxlaw-2791	347	28	rules.61	rules.61	NOUN
taxlaw-2791	347	29	if	if	SCONJ
taxlaw-2791	347	30	p	p	PRON
taxlaw-2791	347	31	held	hold	VERB
taxlaw-2791	347	32	back	back	ADP
taxlaw-2791	347	33	carried	carry	VERB
taxlaw-2791	347	34	interest	interest	NOUN
taxlaw-2791	347	35	distributions	distribution	NOUN
taxlaw-2791	347	36	,	,	PUNCT
taxlaw-2791	347	37	it	it	PRON
taxlaw-2791	347	38	would	would	AUX
taxlaw-2791	347	39	nevertheless	nevertheless	ADV
taxlaw-2791	347	40	provide	provide	VERB
taxlaw-2791	347	41	for	for	ADP
taxlaw-2791	347	42	tax	tax	NOUN
taxlaw-2791	347	43	distributions	distribution	NOUN
taxlaw-2791	347	44	to	to	PART
taxlaw-2791	347	45	gp	gp	VERB
taxlaw-2791	347	46	sufficient	sufficient	ADJ
taxlaw-2791	347	47	to	to	PART
taxlaw-2791	347	48	pay	pay	VERB
taxlaw-2791	347	49	gp	gp	NOUN
taxlaw-2791	347	50	’s	’s	PART
taxlaw-2791	347	51	deemed	deem	VERB
taxlaw-2791	347	52	taxes	taxis	NOUN
taxlaw-2791	347	53	on	on	ADP
taxlaw-2791	347	54	allocated	allocate	VERB
taxlaw-2791	347	55	income	income	NOUN
taxlaw-2791	347	56	.	.	PUNCT
taxlaw-2791	348	1	to	to	PART
taxlaw-2791	348	2	eliminate	eliminate	VERB
taxlaw-2791	348	3	the	the	DET
taxlaw-2791	348	4	possibility	possibility	NOUN
taxlaw-2791	348	5	that	that	SCONJ
taxlaw-2791	348	6	a	a	DET
taxlaw-2791	348	7	service	service	NOUN
taxlaw-2791	348	8	partner	partner	NOUN
taxlaw-2791	348	9	will	will	AUX
taxlaw-2791	348	10	incur	incur	VERB
taxlaw-2791	348	11	tax	tax	NOUN
taxlaw-2791	348	12	liability	liability	NOUN
taxlaw-2791	348	13	in	in	ADP
taxlaw-2791	348	14	excess	excess	NOUN
taxlaw-2791	348	15	of	of	ADP
taxlaw-2791	348	16	distributions	distribution	NOUN
taxlaw-2791	348	17	for	for	ADP
taxlaw-2791	348	18	a	a	DET
taxlaw-2791	348	19	particular	particular	ADJ
taxlaw-2791	348	20	period	period	NOUN
taxlaw-2791	348	21	,	,	PUNCT
taxlaw-2791	348	22	the	the	DET
taxlaw-2791	348	23	nearly	nearly	ADV
taxlaw-2791	348	24	universal	universal	ADJ
taxlaw-2791	348	25	practice	practice	NOUN
taxlaw-2791	348	26	is	be	AUX
taxlaw-2791	348	27	to	to	PART
taxlaw-2791	348	28	require	require	VERB
taxlaw-2791	348	29	priority	priority	NOUN
taxlaw-2791	348	30	tax	tax	NOUN
taxlaw-2791	348	31	distributions	distribution	NOUN
taxlaw-2791	348	32	to	to	PART
taxlaw-2791	348	33	address	address	VERB
taxlaw-2791	348	34	timing	timing	NOUN
taxlaw-2791	348	35	problems.62	problems.62	NOUN
taxlaw-2791	348	36	the	the	DET
taxlaw-2791	348	37	business	business	NOUN
taxlaw-2791	348	38	justification	justification	NOUN
taxlaw-2791	348	39	for	for	ADP
taxlaw-2791	348	40	mandatory	mandatory	ADJ
taxlaw-2791	348	41	tax	tax	NOUN
taxlaw-2791	348	42	distributions	distribution	NOUN
taxlaw-2791	348	43	is	be	AUX
taxlaw-2791	348	44	that	that	SCONJ
taxlaw-2791	348	45	taxes	taxis	NOUN
taxlaw-2791	348	46	on	on	ADP
taxlaw-2791	348	47	the	the	DET
taxlaw-2791	348	48	firm	firm	NOUN
taxlaw-2791	348	49	’s	’s	PART
taxlaw-2791	348	50	entire	entire	ADJ
taxlaw-2791	348	51	income	income	NOUN
taxlaw-2791	348	52	must	must	AUX
taxlaw-2791	348	53	be	be	AUX
taxlaw-2791	348	54	paid	pay	VERB
taxlaw-2791	348	55	before	before	ADP
taxlaw-2791	348	56	determining	determine	VERB
taxlaw-2791	348	57	any	any	DET
taxlaw-2791	348	58	economic	economic	ADJ
taxlaw-2791	348	59	profit.63	profit.63	NOUN
taxlaw-2791	348	60	if	if	SCONJ
taxlaw-2791	348	61	the	the	DET
taxlaw-2791	348	62	enterprise	enterprise	NOUN
taxlaw-2791	348	63	were	be	AUX
taxlaw-2791	348	64	operated	operate	VERB
taxlaw-2791	348	65	in	in	ADP
taxlaw-2791	348	66	corporate	corporate	ADJ
taxlaw-2791	348	67	form	form	NOUN
taxlaw-2791	348	68	,	,	PUNCT
taxlaw-2791	348	69	the	the	DET
taxlaw-2791	348	70	tax	tax	NOUN
taxlaw-2791	348	71	would	would	AUX
taxlaw-2791	348	72	be	be	AUX
taxlaw-2791	348	73	incurred	incur	VERB
taxlaw-2791	348	74	at	at	ADP
taxlaw-2791	348	75	the	the	DET
taxlaw-2791	348	76	corporate	corporate	ADJ
taxlaw-2791	348	77	level	level	NOUN
taxlaw-2791	348	78	,	,	PUNCT
taxlaw-2791	348	79	effectively	effectively	ADV
taxlaw-2791	348	80	burdening	burden	VERB
taxlaw-2791	348	81	the	the	DET
taxlaw-2791	348	82	return	return	NOUN
taxlaw-2791	348	83	to	to	ADP
taxlaw-2791	348	84	the	the	DET
taxlaw-2791	348	85	preferred	preferred	ADJ
taxlaw-2791	348	86	interest	interest	NOUN
taxlaw-2791	348	87	.	.	PUNCT
taxlaw-2791	349	1	similarly	similarly	ADV
taxlaw-2791	349	2	,	,	PUNCT
taxlaw-2791	349	3	lp	lp	PRON
taxlaw-2791	349	4	should	should	AUX
taxlaw-2791	349	5	be	be	AUX
taxlaw-2791	349	6	entitled	entitle	VERB
taxlaw-2791	349	7	to	to	ADP
taxlaw-2791	349	8	its	its	PRON
taxlaw-2791	349	9	preference	preference	NOUN
taxlaw-2791	349	10	(	(	PUNCT
taxlaw-2791	349	11	return	return	NOUN
taxlaw-2791	349	12	of	of	ADP
taxlaw-2791	349	13	capital	capital	NOUN
taxlaw-2791	349	14	and	and	CCONJ
taxlaw-2791	349	15	any	any	DET
taxlaw-2791	349	16	hurdle	hurdle	NOUN
taxlaw-2791	349	17	rate	rate	NOUN
taxlaw-2791	349	18	)	)	PUNCT
taxlaw-2791	349	19	only	only	ADV
taxlaw-2791	349	20	after	after	ADP
taxlaw-2791	349	21	setting	set	VERB
taxlaw-2791	349	22	aside	aside	ADP
taxlaw-2791	349	23	cash	cash	NOUN
taxlaw-2791	349	24	sufficient	sufficient	ADJ
taxlaw-2791	349	25	to	to	PART
taxlaw-2791	349	26	pay	pay	VERB
taxlaw-2791	349	27	taxes	taxis	NOUN
taxlaw-2791	349	28	on	on	ADP
taxlaw-2791	349	29	the	the	DET
taxlaw-2791	349	30	firm	firm	NOUN
taxlaw-2791	349	31	’s	’s	PART
taxlaw-2791	349	32	income	income	NOUN
taxlaw-2791	349	33	.	.	PUNCT
taxlaw-2791	350	1	given	give	VERB
taxlaw-2791	350	2	the	the	DET
taxlaw-2791	350	3	parties	party	NOUN
taxlaw-2791	350	4	’	’	PART
taxlaw-2791	350	5	interest	interest	NOUN
taxlaw-2791	350	6	in	in	ADP
taxlaw-2791	350	7	maximizing	maximize	VERB
taxlaw-2791	350	8	joint	joint	ADJ
taxlaw-2791	350	9	after	after	ADP
taxlaw-2791	350	10	-	-	PUNCT
taxlaw-2791	350	11	tax	tax	NOUN
taxlaw-2791	350	12	returns	return	NOUN
taxlaw-2791	350	13	,	,	PUNCT
taxlaw-2791	350	14	the	the	DET
taxlaw-2791	350	15	nominal	nominal	ADJ
taxlaw-2791	350	16	tax	tax	NOUN
taxlaw-2791	350	17	burden	burden	NOUN
taxlaw-2791	350	18	should	should	AUX
taxlaw-2791	350	19	be	be	AUX
taxlaw-2791	350	20	allocated	allocate	VERB
taxlaw-2791	350	21	in	in	ADP
taxlaw-2791	350	22	whatever	whatever	DET
taxlaw-2791	350	23	manner	manner	NOUN
taxlaw-2791	350	24	minimizes	minimize	VERB
taxlaw-2791	350	25	the	the	DET
taxlaw-2791	350	26	partners	partner	NOUN
taxlaw-2791	350	27	’	'	PUNCT
taxlaw-2791	350	28	joint	joint	ADJ
taxlaw-2791	350	29	-	-	PUNCT
taxlaw-2791	350	30	tax	tax	NOUN
taxlaw-2791	350	31	liability.64	liability.64	NOUN
taxlaw-2791	350	32	under	under	ADP
taxlaw-2791	350	33	existing	exist	VERB
taxlaw-2791	350	34	§	§	PROPN
taxlaw-2791	350	35	707(a)(2)(a	707(a)(2)(a	PROPN
taxlaw-2791	350	36	)	)	PUNCT
taxlaw-2791	350	37	,	,	PUNCT
taxlaw-2791	350	38	congress	congress	PROPN
taxlaw-2791	350	39	delegated	delegate	VERB
taxlaw-2791	350	40	authority	authority	NOUN
taxlaw-2791	350	41	to	to	PART
taxlaw-2791	350	42	treasury	treasury	VERB
taxlaw-2791	350	43	to	to	PART
taxlaw-2791	350	44	distinguish	distinguish	VERB
taxlaw-2791	350	45	disguised	disguised	ADJ
taxlaw-2791	350	46	payments	payment	NOUN
taxlaw-2791	350	47	from	from	ADP
taxlaw-2791	350	48	true	true	ADJ
taxlaw-2791	350	49	distributive	distributive	ADJ
taxlaw-2791	350	50	shares.65	shares.65	NOUN
taxlaw-2791	350	51	under	under	ADP
taxlaw-2791	350	52	that	that	DET
taxlaw-2791	350	53	provision	provision	NOUN
taxlaw-2791	350	54	,	,	PUNCT
taxlaw-2791	350	55	a	a	DET
taxlaw-2791	350	56	purported	purport	VERB
taxlaw-2791	350	57	allocation	allocation	NOUN
taxlaw-2791	350	58	and	and	CCONJ
taxlaw-2791	350	59	distribution	distribution	NOUN
taxlaw-2791	350	60	may	may	AUX
taxlaw-2791	350	61	be	be	AUX
taxlaw-2791	350	62	recharacterized	recharacterize	VERB
taxlaw-2791	350	63	as	as	ADP
taxlaw-2791	350	64	a	a	DET
taxlaw-2791	350	65	nonpartner	nonpartner	ADJ
taxlaw-2791	350	66	payment	payment	NOUN
taxlaw-2791	350	67	.	.	PUNCT
taxlaw-2791	351	1	if	if	SCONJ
taxlaw-2791	351	2	gp	gp	NOUN
taxlaw-2791	351	3	were	be	AUX
taxlaw-2791	351	4	treated	treat	VERB
taxlaw-2791	351	5	as	as	ADP
taxlaw-2791	351	6	a	a	DET
taxlaw-2791	351	7	nonpartner	nonpartner	NOUN
taxlaw-2791	351	8	,	,	PUNCT
taxlaw-2791	351	9	p	p	X
taxlaw-2791	351	10	’s	’s	ADJ
taxlaw-2791	351	11	entire	entire	ADJ
taxlaw-2791	351	12	income	income	NOUN
taxlaw-2791	351	13	would	would	AUX
taxlaw-2791	351	14	be	be	AUX
taxlaw-2791	351	15	reallocated	reallocate	VERB
taxlaw-2791	351	16	to	to	ADP
taxlaw-2791	351	17	lp	lp	NOUN
taxlaw-2791	351	18	and	and	CCONJ
taxlaw-2791	351	19	lp	lp	PROPN
taxlaw-2791	351	20	would	would	AUX
taxlaw-2791	351	21	be	be	AUX
taxlaw-2791	351	22	deemed	deem	VERB
taxlaw-2791	351	23	to	to	PART
taxlaw-2791	351	24	transfer	transfer	VERB
taxlaw-2791	351	25	$	$	SYM
taxlaw-2791	351	26	1	1	NUM
taxlaw-2791	351	27	million	million	NUM
taxlaw-2791	351	28	to	to	PART
taxlaw-2791	351	29	gp	gp	VERB
taxlaw-2791	351	30	in	in	ADP
taxlaw-2791	351	31	year	year	NOUN
taxlaw-2791	351	32	2	2	NUM
taxlaw-2791	351	33	as	as	ADP
taxlaw-2791	351	34	compensation	compensation	NOUN
taxlaw-2791	351	35	or	or	CCONJ
taxlaw-2791	351	36	a	a	DET
taxlaw-2791	351	37	60	60	NUM
taxlaw-2791	351	38	.	.	PUNCT
taxlaw-2791	352	1	see	see	VERB
taxlaw-2791	352	2	litvak	litvak	ADJ
taxlaw-2791	352	3	,	,	PUNCT
taxlaw-2791	352	4	supra	supra	PROPN
taxlaw-2791	352	5	note	note	NOUN
taxlaw-2791	352	6	55	55	NUM
taxlaw-2791	352	7	,	,	PUNCT
taxlaw-2791	352	8	at	at	ADP
taxlaw-2791	352	9	163	163	NUM
taxlaw-2791	352	10	(	(	PUNCT
taxlaw-2791	352	11	“	"	PUNCT
taxlaw-2791	352	12	[	[	X
taxlaw-2791	352	13	t]he	t]he	ADV
taxlaw-2791	352	14	interest	interest	NOUN
taxlaw-2791	352	15	-	-	PUNCT
taxlaw-2791	352	16	free	free	ADJ
taxlaw-2791	352	17	loan	loan	NOUN
taxlaw-2791	352	18	is	be	AUX
taxlaw-2791	352	19	both	both	PRON
taxlaw-2791	352	20	opaque	opaque	ADJ
taxlaw-2791	352	21	and	and	CCONJ
taxlaw-2791	352	22	highly	highly	ADV
taxlaw-2791	352	23	valuable	valuable	ADJ
taxlaw-2791	352	24	.	.	PUNCT
taxlaw-2791	352	25	”	"	PUNCT
taxlaw-2791	352	26	)	)	PUNCT
taxlaw-2791	352	27	.	.	PUNCT
taxlaw-2791	353	1	61	61	NUM
taxlaw-2791	353	2	.	.	PUNCT
taxlaw-2791	354	1	see	see	VERB
taxlaw-2791	354	2	i	i	PRON
taxlaw-2791	354	3	d.	d.	PROPN
taxlaw-2791	354	4	at	at	ADP
taxlaw-2791	354	5	196	196	NUM
taxlaw-2791	354	6	(	(	PUNCT
taxlaw-2791	354	7	referring	refer	VERB
taxlaw-2791	354	8	to	to	ADP
taxlaw-2791	354	9	distribution	distribution	NOUN
taxlaw-2791	354	10	rules	rule	NOUN
taxlaw-2791	354	11	as	as	ADP
taxlaw-2791	354	12	possible	possible	ADJ
taxlaw-2791	354	13	evidence	evidence	NOUN
taxlaw-2791	354	14	of	of	ADP
taxlaw-2791	354	15	“	"	PUNCT
taxlaw-2791	354	16	contractual	contractual	ADJ
taxlaw-2791	354	17	complexity	complexity	NOUN
taxlaw-2791	354	18	.	.	PUNCT
taxlaw-2791	354	19	.	.	PUNCT
taxlaw-2791	355	1	.	.	PUNCT
taxlaw-2791	356	1	used	use	VERB
taxlaw-2791	356	2	to	to	PART
taxlaw-2791	356	3	increase	increase	VERB
taxlaw-2791	356	4	stealth	stealth	ADJ
taxlaw-2791	356	5	compensation	compensation	NOUN
taxlaw-2791	356	6	”	"	PUNCT
taxlaw-2791	356	7	)	)	PUNCT
taxlaw-2791	356	8	.	.	PUNCT
taxlaw-2791	357	1	62	62	NUM
taxlaw-2791	357	2	.	.	PUNCT
taxlaw-2791	358	1	see	see	VERB
taxlaw-2791	358	2	schell	schell	PROPN
taxlaw-2791	358	3	,	,	PUNCT
taxlaw-2791	358	4	supra	supra	PROPN
taxlaw-2791	358	5	note	note	PROPN
taxlaw-2791	358	6	28	28	NUM
taxlaw-2791	358	7	,	,	PUNCT
taxlaw-2791	358	8	at	at	ADP
taxlaw-2791	358	9	2	2	NUM
taxlaw-2791	358	10	-	-	SYM
taxlaw-2791	358	11	23	23	NUM
taxlaw-2791	358	12	(	(	PUNCT
taxlaw-2791	358	13	noting	note	VERB
taxlaw-2791	358	14	that	that	SCONJ
taxlaw-2791	358	15	“	"	PUNCT
taxlaw-2791	358	16	acceptance	acceptance	NOUN
taxlaw-2791	358	17	of	of	ADP
taxlaw-2791	358	18	this	this	DET
taxlaw-2791	358	19	minimal	minimal	ADJ
taxlaw-2791	358	20	distribution	distribution	NOUN
taxlaw-2791	358	21	is	be	AUX
taxlaw-2791	358	22	all	all	PRON
taxlaw-2791	358	23	but	but	CCONJ
taxlaw-2791	358	24	universal	universal	ADJ
taxlaw-2791	358	25	”	"	PUNCT
taxlaw-2791	358	26	)	)	PUNCT
taxlaw-2791	358	27	.	.	PUNCT
taxlaw-2791	359	1	63	63	NUM
taxlaw-2791	359	2	.	.	PUNCT
taxlaw-2791	360	1	while	while	SCONJ
taxlaw-2791	360	2	the	the	DET
taxlaw-2791	360	3	partnership	partnership	NOUN
taxlaw-2791	360	4	model	model	NOUN
taxlaw-2791	360	5	eliminates	eliminate	VERB
taxlaw-2791	360	6	an	an	DET
taxlaw-2791	360	7	entity	entity	NOUN
taxlaw-2791	360	8	-	-	PUNCT
taxlaw-2791	360	9	level	level	NOUN
taxlaw-2791	360	10	tax	tax	NOUN
taxlaw-2791	360	11	,	,	PUNCT
taxlaw-2791	360	12	mandatory	mandatory	ADJ
taxlaw-2791	360	13	tax	tax	NOUN
taxlaw-2791	360	14	distributions	distribution	NOUN
taxlaw-2791	360	15	mimic	mimic	VERB
taxlaw-2791	360	16	the	the	DET
taxlaw-2791	360	17	result	result	NOUN
taxlaw-2791	360	18	under	under	ADP
taxlaw-2791	360	19	the	the	DET
taxlaw-2791	360	20	corporate	corporate	ADJ
taxlaw-2791	360	21	model	model	NOUN
taxlaw-2791	360	22	.	.	PUNCT
taxlaw-2791	361	1	see	see	VERB
taxlaw-2791	361	2	robert	robert	PROPN
taxlaw-2791	361	3	p.	p.	PROPN
taxlaw-2791	361	4	rothman	rothman	PROPN
taxlaw-2791	361	5	,	,	PUNCT
taxlaw-2791	361	6	translating	translate	VERB
taxlaw-2791	361	7	corporate	corporate	ADJ
taxlaw-2791	361	8	concepts	concept	NOUN
taxlaw-2791	361	9	into	into	ADP
taxlaw-2791	361	10	the	the	DET
taxlaw-2791	361	11	language	language	NOUN
taxlaw-2791	361	12	of	of	ADP
taxlaw-2791	361	13	llcs	llcs	NOUN
taxlaw-2791	361	14	,	,	PUNCT
taxlaw-2791	361	15	61	61	NUM
taxlaw-2791	361	16	tax	tax	NOUN
taxlaw-2791	361	17	law	law	NOUN
taxlaw-2791	361	18	.	.	PUNCT
taxlaw-2791	362	1	161	161	NUM
taxlaw-2791	362	2	,	,	PUNCT
taxlaw-2791	362	3	174–76	174–76	NOUN
taxlaw-2791	362	4	(	(	PUNCT
taxlaw-2791	362	5	2007	2007	NUM
taxlaw-2791	362	6	)	)	PUNCT
taxlaw-2791	362	7	.	.	PUNCT
taxlaw-2791	363	1	the	the	DET
taxlaw-2791	363	2	tax	tax	NOUN
taxlaw-2791	363	3	distribution	distribution	NOUN
taxlaw-2791	363	4	provision	provision	NOUN
taxlaw-2791	363	5	is	be	AUX
taxlaw-2791	363	6	less	less	ADV
taxlaw-2791	363	7	important	important	ADJ
taxlaw-2791	363	8	if	if	SCONJ
taxlaw-2791	363	9	gp	gp	NOUN
taxlaw-2791	363	10	receives	receive	VERB
taxlaw-2791	363	11	current	current	ADJ
taxlaw-2791	363	12	distributions	distribution	NOUN
taxlaw-2791	363	13	,	,	PUNCT
taxlaw-2791	363	14	but	but	CCONJ
taxlaw-2791	363	15	it	it	PRON
taxlaw-2791	363	16	nevertheless	nevertheless	ADV
taxlaw-2791	363	17	affects	affect	VERB
taxlaw-2791	363	18	the	the	DET
taxlaw-2791	363	19	clawback	clawback	NOUN
taxlaw-2791	363	20	calculation	calculation	NOUN
taxlaw-2791	363	21	.	.	PUNCT
taxlaw-2791	364	1	64	64	NUM
taxlaw-2791	364	2	.	.	PUNCT
taxlaw-2791	365	1	see	see	VERB
taxlaw-2791	365	2	sanchirico	sanchirico	NOUN
taxlaw-2791	365	3	,	,	PUNCT
taxlaw-2791	365	4	supra	supra	ADJ
taxlaw-2791	365	5	note	note	NOUN
taxlaw-2791	365	6	5	5	NUM
taxlaw-2791	365	7	,	,	PUNCT
taxlaw-2791	365	8	at	at	ADP
taxlaw-2791	365	9	1143	1143	NUM
taxlaw-2791	365	10	(	(	PUNCT
taxlaw-2791	365	11	noting	note	VERB
taxlaw-2791	365	12	that	that	SCONJ
taxlaw-2791	365	13	the	the	DET
taxlaw-2791	365	14	nominal	nominal	ADJ
taxlaw-2791	365	15	incidence	incidence	NOUN
taxlaw-2791	365	16	does	do	AUX
taxlaw-2791	365	17	not	not	PART
taxlaw-2791	365	18	affect	affect	VERB
taxlaw-2791	365	19	“	"	PUNCT
taxlaw-2791	365	20	real	real	ADJ
taxlaw-2791	365	21	tax	tax	NOUN
taxlaw-2791	365	22	burdens	burden	NOUN
taxlaw-2791	365	23	,	,	PUNCT
taxlaw-2791	365	24	given	give	VERB
taxlaw-2791	365	25	the	the	DET
taxlaw-2791	365	26	adjustability	adjustability	NOUN
taxlaw-2791	365	27	of	of	ADP
taxlaw-2791	365	28	wages	wage	NOUN
taxlaw-2791	365	29	and	and	CCONJ
taxlaw-2791	365	30	salaries	salary	NOUN
taxlaw-2791	365	31	”	"	PUNCT
taxlaw-2791	365	32	)	)	PUNCT
taxlaw-2791	365	33	.	.	PUNCT
taxlaw-2791	366	1	65	65	NUM
taxlaw-2791	366	2	.	.	X
taxlaw-2791	367	1	for	for	ADP
taxlaw-2791	367	2	the	the	DET
taxlaw-2791	367	3	origins	origin	NOUN
taxlaw-2791	367	4	of	of	ADP
taxlaw-2791	367	5	§	§	PROPN
taxlaw-2791	367	6	707(a)(2)(a	707(a)(2)(a	PROPN
taxlaw-2791	367	7	)	)	PUNCT
taxlaw-2791	367	8	,	,	PUNCT
taxlaw-2791	367	9	see	see	VERB
taxlaw-2791	367	10	karen	karen	PROPN
taxlaw-2791	367	11	c.	c.	PROPN
taxlaw-2791	367	12	burke	burke	PROPN
taxlaw-2791	367	13	,	,	PUNCT
taxlaw-2791	367	14	back	back	ADV
taxlaw-2791	367	15	to	to	ADP
taxlaw-2791	367	16	the	the	DET
taxlaw-2791	367	17	future	future	NOUN
taxlaw-2791	367	18	:	:	PUNCT
taxlaw-2791	367	19	revisiting	revisit	VERB
taxlaw-2791	367	20	the	the	DET
taxlaw-2791	367	21	ali	ali	PROPN
taxlaw-2791	367	22	’s	’s	PART
taxlaw-2791	367	23	carried	carry	VERB
taxlaw-2791	367	24	interest	interest	NOUN
taxlaw-2791	367	25	proposals	proposal	NOUN
taxlaw-2791	367	26	,	,	PUNCT
taxlaw-2791	367	27	124	124	NUM
taxlaw-2791	367	28	tax	tax	NOUN
taxlaw-2791	367	29	notes	note	NOUN
taxlaw-2791	367	30	242	242	NUM
taxlaw-2791	367	31	,	,	PUNCT
taxlaw-2791	367	32	243–44	243–44	NUM
taxlaw-2791	367	33	(	(	PUNCT
taxlaw-2791	367	34	2009	2009	NUM
taxlaw-2791	367	35	)	)	PUNCT
taxlaw-2791	367	36	.	.	PUNCT
taxlaw-2791	368	1	2010	2010	NUM
taxlaw-2791	368	2	]	]	PUNCT
taxlaw-2791	368	3	the	the	DET
taxlaw-2791	368	4	sou	sou	PROPN
taxlaw-2791	368	5	�	�	PROPN
taxlaw-2791	368	6	d	d	PROPN
taxlaw-2791	368	7	a	a	DET
taxlaw-2791	368	8	�	�	PROPN
taxlaw-2791	368	9	d	d	NOUN
taxlaw-2791	368	10	fury	fury	NOUN
taxlaw-2791	368	11	of	of	ADP
taxlaw-2791	368	12	carried	carry	VERB
taxlaw-2791	368	13	i	i	PRON
taxlaw-2791	368	14	�	�	VERB
taxlaw-2791	368	15	terest	ter	ADJ
taxlaw-2791	368	16	reform	reform	NOUN
taxlaw-2791	368	17	17	17	NUM
taxlaw-2791	368	18	disguised	disguise	VERB
taxlaw-2791	368	19	interest	interest	NOUN
taxlaw-2791	368	20	-	-	PUNCT
taxlaw-2791	368	21	free	free	ADJ
taxlaw-2791	368	22	loan	loan	NOUN
taxlaw-2791	368	23	.	.	PUNCT
taxlaw-2791	369	1	in	in	ADP
taxlaw-2791	369	2	example	example	NOUN
taxlaw-2791	369	3	(	(	PUNCT
taxlaw-2791	369	4	1	1	NUM
taxlaw-2791	369	5	)	)	PUNCT
taxlaw-2791	369	6	,	,	PUNCT
taxlaw-2791	369	7	if	if	SCONJ
taxlaw-2791	369	8	the	the	DET
taxlaw-2791	369	9	purported	purport	VERB
taxlaw-2791	369	10	distribution	distribution	NOUN
taxlaw-2791	369	11	were	be	AUX
taxlaw-2791	369	12	treated	treat	VERB
taxlaw-2791	369	13	as	as	ADP
taxlaw-2791	369	14	a	a	DET
taxlaw-2791	369	15	loan	loan	NOUN
taxlaw-2791	369	16	(	(	PUNCT
taxlaw-2791	369	17	leaving	leave	VERB
taxlaw-2791	369	18	aside	aside	ADV
taxlaw-2791	369	19	possible	possible	ADJ
taxlaw-2791	369	20	imputed	impute	VERB
taxlaw-2791	369	21	interest	interest	NOUN
taxlaw-2791	369	22	under	under	ADP
taxlaw-2791	369	23	§	§	PROPN
taxlaw-2791	369	24	7872	7872	NUM
taxlaw-2791	369	25	)	)	PUNCT
taxlaw-2791	369	26	,	,	PUNCT
taxlaw-2791	369	27	gp	gp	NOUN
taxlaw-2791	369	28	would	would	AUX
taxlaw-2791	369	29	be	be	AUX
taxlaw-2791	369	30	taxed	tax	VERB
taxlaw-2791	369	31	on	on	ADP
taxlaw-2791	369	32	ordinary	ordinary	ADJ
taxlaw-2791	369	33	income	income	NOUN
taxlaw-2791	369	34	of	of	ADP
taxlaw-2791	369	35	$	$	SYM
taxlaw-2791	369	36	1	1	NUM
taxlaw-2791	369	37	million	million	NUM
taxlaw-2791	369	38	upon	upon	SCONJ
taxlaw-2791	369	39	liquidation	liquidation	NOUN
taxlaw-2791	369	40	of	of	ADP
taxlaw-2791	369	41	p	p	PRON
taxlaw-2791	369	42	,	,	PUNCT
taxlaw-2791	369	43	since	since	SCONJ
taxlaw-2791	369	44	gp	gp	NOUN
taxlaw-2791	369	45	’s	’s	PART
taxlaw-2791	369	46	obligation	obligation	NOUN
taxlaw-2791	369	47	to	to	PART
taxlaw-2791	369	48	repay	repay	VERB
taxlaw-2791	369	49	the	the	DET
taxlaw-2791	369	50	loan	loan	NOUN
taxlaw-2791	369	51	is	be	AUX
taxlaw-2791	369	52	eliminated	eliminate	VERB
taxlaw-2791	369	53	;	;	PUNCT
taxlaw-2791	369	54	the	the	DET
taxlaw-2791	369	55	result	result	NOUN
taxlaw-2791	369	56	would	would	AUX
taxlaw-2791	369	57	be	be	AUX
taxlaw-2791	369	58	the	the	DET
taxlaw-2791	369	59	same	same	ADJ
taxlaw-2791	369	60	as	as	SCONJ
taxlaw-2791	369	61	if	if	SCONJ
taxlaw-2791	369	62	gp	gp	NOUN
taxlaw-2791	369	63	were	be	AUX
taxlaw-2791	369	64	treated	treat	VERB
taxlaw-2791	369	65	as	as	ADP
taxlaw-2791	369	66	holding	hold	VERB
taxlaw-2791	369	67	an	an	DET
taxlaw-2791	369	68	option	option	NOUN
taxlaw-2791	369	69	exercisable	exercisable	ADJ
taxlaw-2791	369	70	immediately	immediately	ADV
taxlaw-2791	369	71	prior	prior	ADV
taxlaw-2791	369	72	to	to	ADP
taxlaw-2791	369	73	liquidation	liquidation	NOUN
taxlaw-2791	369	74	of	of	ADP
taxlaw-2791	369	75	p.66	p.66	X
taxlaw-2791	369	76	nonpartner	nonpartner	ADJ
taxlaw-2791	369	77	treatment	treatment	NOUN
taxlaw-2791	369	78	under	under	ADP
taxlaw-2791	369	79	§	§	PROPN
taxlaw-2791	369	80	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	369	81	)	)	PUNCT
taxlaw-2791	369	82	would	would	AUX
taxlaw-2791	369	83	thus	thus	ADV
taxlaw-2791	369	84	eliminate	eliminate	VERB
taxlaw-2791	369	85	gp	gp	NOUN
taxlaw-2791	369	86	’s	’s	PART
taxlaw-2791	369	87	ability	ability	NOUN
taxlaw-2791	369	88	to	to	PART
taxlaw-2791	369	89	convert	convert	VERB
taxlaw-2791	369	90	salary	salary	NOUN
taxlaw-2791	369	91	into	into	ADP
taxlaw-2791	369	92	capital	capital	NOUN
taxlaw-2791	369	93	gain	gain	NOUN
taxlaw-2791	369	94	but	but	CCONJ
taxlaw-2791	369	95	would	would	AUX
taxlaw-2791	369	96	potentially	potentially	ADV
taxlaw-2791	369	97	permit	permit	VERB
taxlaw-2791	369	98	longer	long	ADV
taxlaw-2791	369	99	deferral	deferral	ADJ
taxlaw-2791	369	100	,	,	PUNCT
taxlaw-2791	369	101	by	by	ADP
taxlaw-2791	369	102	analogy	analogy	NOUN
taxlaw-2791	369	103	to	to	ADP
taxlaw-2791	369	104	an	an	DET
taxlaw-2791	369	105	option	option	NOUN
taxlaw-2791	369	106	exercised	exercise	VERB
taxlaw-2791	369	107	upon	upon	SCONJ
taxlaw-2791	369	108	liquidation	liquidation	NOUN
taxlaw-2791	369	109	of	of	ADP
taxlaw-2791	369	110	the	the	DET
taxlaw-2791	369	111	partnership	partnership	NOUN
taxlaw-2791	369	112	.	.	PUNCT
taxlaw-2791	370	1	d.	d.	PROPN
taxlaw-2791	370	2	earned	earn	VERB
taxlaw-2791	370	3	capital	capital	NOUN
taxlaw-2791	370	4	in	in	ADP
taxlaw-2791	370	5	the	the	DET
taxlaw-2791	370	6	baseline	baseline	NOUN
taxlaw-2791	370	7	case	case	NOUN
taxlaw-2791	370	8	of	of	ADP
taxlaw-2791	370	9	a	a	DET
taxlaw-2791	370	10	self	self	NOUN
taxlaw-2791	370	11	-	-	PUNCT
taxlaw-2791	370	12	liquidating	liquidate	VERB
taxlaw-2791	370	13	private	private	ADJ
taxlaw-2791	370	14	equity	equity	NOUN
taxlaw-2791	370	15	partnership	partnership	PROPN
taxlaw-2791	370	16	,	,	PUNCT
taxlaw-2791	370	17	taxing	tax	VERB
taxlaw-2791	370	18	distributions	distribution	NOUN
taxlaw-2791	370	19	and	and	CCONJ
taxlaw-2791	370	20	taxing	tax	VERB
taxlaw-2791	370	21	distributive	distributive	ADJ
taxlaw-2791	370	22	shares	share	NOUN
taxlaw-2791	370	23	may	may	AUX
taxlaw-2791	370	24	seem	seem	VERB
taxlaw-2791	370	25	to	to	PART
taxlaw-2791	370	26	be	be	AUX
taxlaw-2791	370	27	a	a	DET
taxlaw-2791	370	28	distinction	distinction	NOUN
taxlaw-2791	370	29	without	without	ADP
taxlaw-2791	370	30	a	a	DET
taxlaw-2791	370	31	difference	difference	NOUN
taxlaw-2791	370	32	.	.	PUNCT
taxlaw-2791	371	1	thus	thus	ADV
taxlaw-2791	371	2	,	,	PUNCT
taxlaw-2791	371	3	it	it	PRON
taxlaw-2791	371	4	is	be	AUX
taxlaw-2791	371	5	perhaps	perhaps	ADV
taxlaw-2791	371	6	easy	easy	ADJ
taxlaw-2791	371	7	to	to	PART
taxlaw-2791	371	8	understand	understand	VERB
taxlaw-2791	371	9	how	how	SCONJ
taxlaw-2791	371	10	the	the	DET
taxlaw-2791	371	11	recharacterization	recharacterization	NOUN
taxlaw-2791	371	12	approach	approach	NOUN
taxlaw-2791	371	13	—	—	PUNCT
taxlaw-2791	371	14	treating	treat	VERB
taxlaw-2791	371	15	a	a	DET
taxlaw-2791	371	16	profits	profit	NOUN
taxlaw-2791	371	17	allocation	allocation	NOUN
taxlaw-2791	371	18	as	as	ADP
taxlaw-2791	371	19	ordinary	ordinary	ADJ
taxlaw-2791	371	20	income	income	NOUN
taxlaw-2791	371	21	—	—	PUNCT
taxlaw-2791	371	22	popularly	popularly	ADV
taxlaw-2791	371	23	came	come	VERB
taxlaw-2791	371	24	to	to	PART
taxlaw-2791	371	25	be	be	AUX
taxlaw-2791	371	26	confused	confuse	VERB
taxlaw-2791	371	27	with	with	ADP
taxlaw-2791	371	28	taxing	tax	VERB
taxlaw-2791	371	29	distributions	distribution	NOUN
taxlaw-2791	371	30	,	,	PUNCT
taxlaw-2791	371	31	not	not	PART
taxlaw-2791	371	32	distributive	distributive	ADJ
taxlaw-2791	371	33	shares	share	NOUN
taxlaw-2791	371	34	.	.	PUNCT
taxlaw-2791	372	1	if	if	SCONJ
taxlaw-2791	372	2	earnings	earning	NOUN
taxlaw-2791	372	3	are	be	AUX
taxlaw-2791	372	4	never	never	ADV
taxlaw-2791	372	5	accumulated	accumulate	VERB
taxlaw-2791	372	6	for	for	ADP
taxlaw-2791	372	7	later	later	ADJ
taxlaw-2791	372	8	distribution	distribution	NOUN
taxlaw-2791	372	9	,	,	PUNCT
taxlaw-2791	372	10	the	the	DET
taxlaw-2791	372	11	service	service	NOUN
taxlaw-2791	372	12	partner	partner	NOUN
taxlaw-2791	372	13	does	do	AUX
taxlaw-2791	372	14	not	not	PART
taxlaw-2791	372	15	acquire	acquire	VERB
taxlaw-2791	372	16	any	any	DET
taxlaw-2791	372	17	“	"	PUNCT
taxlaw-2791	372	18	earned	earn	VERB
taxlaw-2791	372	19	capital	capital	NOUN
taxlaw-2791	372	20	.	.	PUNCT
taxlaw-2791	372	21	”	"	PUNCT
taxlaw-2791	373	1	in	in	ADP
taxlaw-2791	373	2	the	the	DET
taxlaw-2791	373	3	context	context	NOUN
taxlaw-2791	373	4	of	of	ADP
taxlaw-2791	373	5	a	a	DET
taxlaw-2791	373	6	private	private	ADJ
taxlaw-2791	373	7	equity	equity	NOUN
taxlaw-2791	373	8	fund	fund	NOUN
taxlaw-2791	373	9	,	,	PUNCT
taxlaw-2791	373	10	the	the	DET
taxlaw-2791	373	11	problem	problem	NOUN
taxlaw-2791	373	12	of	of	ADP
taxlaw-2791	373	13	earned	earn	VERB
taxlaw-2791	373	14	capital	capital	NOUN
taxlaw-2791	373	15	—	—	PUNCT
taxlaw-2791	373	16	income	income	NOUN
taxlaw-2791	373	17	taxed	tax	VERB
taxlaw-2791	373	18	to	to	ADP
taxlaw-2791	373	19	a	a	DET
taxlaw-2791	373	20	service	service	NOUN
taxlaw-2791	373	21	partner	partner	NOUN
taxlaw-2791	373	22	as	as	ADP
taxlaw-2791	373	23	ordinary	ordinary	ADJ
taxlaw-2791	373	24	income	income	NOUN
taxlaw-2791	373	25	and	and	CCONJ
taxlaw-2791	373	26	reinvested	reinveste	VERB
taxlaw-2791	373	27	in	in	ADP
taxlaw-2791	373	28	the	the	DET
taxlaw-2791	373	29	enterprise	enterprise	NOUN
taxlaw-2791	373	30	—	—	PUNCT
taxlaw-2791	373	31	simply	simply	ADV
taxlaw-2791	373	32	does	do	AUX
taxlaw-2791	373	33	not	not	PART
taxlaw-2791	373	34	arise	arise	VERB
taxlaw-2791	373	35	because	because	SCONJ
taxlaw-2791	373	36	all	all	DET
taxlaw-2791	373	37	profits	profit	NOUN
taxlaw-2791	373	38	are	be	AUX
taxlaw-2791	373	39	distributed	distribute	VERB
taxlaw-2791	373	40	currently	currently	ADV
taxlaw-2791	373	41	.	.	PUNCT
taxlaw-2791	374	1	since	since	SCONJ
taxlaw-2791	374	2	many	many	ADJ
taxlaw-2791	374	3	partnerships	partnership	NOUN
taxlaw-2791	374	4	routinely	routinely	ADV
taxlaw-2791	374	5	reinvest	reinvest	VERB
taxlaw-2791	374	6	earnings	earning	NOUN
taxlaw-2791	374	7	,	,	PUNCT
taxlaw-2791	374	8	however	however	ADV
taxlaw-2791	374	9	,	,	PUNCT
taxlaw-2791	374	10	complex	complex	ADJ
taxlaw-2791	374	11	adjustments	adjustment	NOUN
taxlaw-2791	374	12	are	be	AUX
taxlaw-2791	374	13	necessary	necessary	ADJ
taxlaw-2791	374	14	when	when	SCONJ
taxlaw-2791	374	15	distributions	distribution	NOUN
taxlaw-2791	374	16	are	be	AUX
taxlaw-2791	374	17	deferred.67	deferred.67	ADJ
taxlaw-2791	374	18	if	if	SCONJ
taxlaw-2791	374	19	earnings	earning	NOUN
taxlaw-2791	374	20	from	from	ADP
taxlaw-2791	374	21	services	service	NOUN
taxlaw-2791	374	22	are	be	AUX
taxlaw-2791	374	23	reinvested	reinveste	VERB
taxlaw-2791	374	24	in	in	ADP
taxlaw-2791	374	25	the	the	DET
taxlaw-2791	374	26	enterprise	enterprise	NOUN
taxlaw-2791	374	27	,	,	PUNCT
taxlaw-2791	374	28	some	some	DET
taxlaw-2791	374	29	mechanism	mechanism	NOUN
taxlaw-2791	374	30	is	be	AUX
taxlaw-2791	374	31	needed	need	VERB
taxlaw-2791	374	32	to	to	PART
taxlaw-2791	374	33	track	track	VERB
taxlaw-2791	374	34	separately	separately	ADV
taxlaw-2791	374	35	the	the	DET
taxlaw-2791	374	36	labor	labor	NOUN
taxlaw-2791	374	37	and	and	CCONJ
taxlaw-2791	374	38	capital	capital	NOUN
taxlaw-2791	374	39	components	component	NOUN
taxlaw-2791	374	40	of	of	ADP
taxlaw-2791	374	41	a	a	DET
taxlaw-2791	374	42	service	service	NOUN
taxlaw-2791	374	43	partner	partner	NOUN
taxlaw-2791	374	44	’s	’s	PART
taxlaw-2791	374	45	future	future	ADJ
taxlaw-2791	374	46	return	return	NOUN
taxlaw-2791	374	47	.	.	PUNCT
taxlaw-2791	375	1	indeed	indeed	ADV
taxlaw-2791	375	2	,	,	PUNCT
taxlaw-2791	375	3	the	the	DET
taxlaw-2791	375	4	partnership	partnership	NOUN
taxlaw-2791	375	5	tax	tax	NOUN
taxlaw-2791	375	6	bar	bar	NOUN
taxlaw-2791	375	7	has	have	AUX
taxlaw-2791	375	8	seized	seize	VERB
taxlaw-2791	375	9	the	the	DET
taxlaw-2791	375	10	opportunity	opportunity	NOUN
taxlaw-2791	375	11	to	to	PART
taxlaw-2791	375	12	“	"	PUNCT
taxlaw-2791	375	13	improve	improve	VERB
taxlaw-2791	375	14	”	"	PUNCT
taxlaw-2791	375	15	reform	reform	NOUN
taxlaw-2791	375	16	by	by	ADP
taxlaw-2791	375	17	meticulously	meticulously	ADV
taxlaw-2791	375	18	working	work	VERB
taxlaw-2791	375	19	out	out	ADP
taxlaw-2791	375	20	the	the	DET
taxlaw-2791	375	21	logical	logical	ADJ
taxlaw-2791	375	22	consequences	consequence	NOUN
taxlaw-2791	375	23	of	of	ADP
taxlaw-2791	375	24	an	an	DET
taxlaw-2791	375	25	earned	earn	VERB
taxlaw-2791	375	26	capital	capital	NOUN
taxlaw-2791	375	27	exception	exception	NOUN
taxlaw-2791	375	28	,	,	PUNCT
taxlaw-2791	375	29	injecting	inject	VERB
taxlaw-2791	375	30	further	further	ADJ
taxlaw-2791	375	31	complexity	complexity	NOUN
taxlaw-2791	375	32	and	and	CCONJ
taxlaw-2791	375	33	electivity	electivity	NOUN
taxlaw-2791	375	34	.	.	PUNCT
taxlaw-2791	376	1	the	the	DET
taxlaw-2791	376	2	notion	notion	NOUN
taxlaw-2791	376	3	of	of	ADP
taxlaw-2791	376	4	earned	earn	VERB
taxlaw-2791	376	5	capital	capital	NOUN
taxlaw-2791	376	6	,	,	PUNCT
taxlaw-2791	376	7	however	however	ADV
taxlaw-2791	376	8	,	,	PUNCT
taxlaw-2791	376	9	assumes	assume	VERB
taxlaw-2791	376	10	that	that	SCONJ
taxlaw-2791	376	11	a	a	DET
taxlaw-2791	376	12	service	service	NOUN
taxlaw-2791	376	13	partner	partner	NOUN
taxlaw-2791	376	14	who	who	PRON
taxlaw-2791	376	15	has	have	VERB
taxlaw-2791	376	16	a	a	DET
taxlaw-2791	376	17	forfeitable	forfeitable	ADJ
taxlaw-2791	376	18	interest	interest	NOUN
taxlaw-2791	376	19	should	should	AUX
taxlaw-2791	376	20	nevertheless	nevertheless	ADV
taxlaw-2791	376	21	be	be	AUX
taxlaw-2791	376	22	recognized	recognize	VERB
taxlaw-2791	376	23	as	as	ADP
taxlaw-2791	376	24	a	a	DET
taxlaw-2791	376	25	partner	partner	NOUN
taxlaw-2791	376	26	.	.	PUNCT
taxlaw-2791	377	1	treating	treat	VERB
taxlaw-2791	377	2	such	such	DET
taxlaw-2791	377	3	a	a	DET
taxlaw-2791	377	4	service	service	NOUN
taxlaw-2791	377	5	provider	provider	NOUN
taxlaw-2791	377	6	as	as	ADP
taxlaw-2791	377	7	a	a	DET
taxlaw-2791	377	8	partner	partner	NOUN
taxlaw-2791	377	9	is	be	AUX
taxlaw-2791	377	10	contrary	contrary	ADJ
taxlaw-2791	377	11	to	to	ADP
taxlaw-2791	377	12	the	the	DET
taxlaw-2791	377	13	66	66	NUM
taxlaw-2791	377	14	.	.	PUNCT
taxlaw-2791	378	1	in	in	ADP
taxlaw-2791	378	2	example	example	NOUN
taxlaw-2791	378	3	(	(	PUNCT
taxlaw-2791	378	4	2	2	NUM
taxlaw-2791	378	5	)	)	PUNCT
taxlaw-2791	378	6	,	,	PUNCT
taxlaw-2791	378	7	reallocating	reallocate	VERB
taxlaw-2791	378	8	partnership	partnership	NOUN
taxlaw-2791	378	9	income	income	NOUN
taxlaw-2791	378	10	entirely	entirely	ADV
taxlaw-2791	378	11	to	to	ADP
taxlaw-2791	378	12	lp	lp	NOUN
taxlaw-2791	378	13	would	would	AUX
taxlaw-2791	378	14	eliminate	eliminate	VERB
taxlaw-2791	378	15	the	the	DET
taxlaw-2791	378	16	$	$	SYM
taxlaw-2791	378	17	0.25	0.25	NUM
taxlaw-2791	378	18	million	million	NUM
taxlaw-2791	378	19	of	of	ADP
taxlaw-2791	378	20	tax	tax	NOUN
taxlaw-2791	378	21	,	,	PUNCT
taxlaw-2791	378	22	since	since	SCONJ
taxlaw-2791	378	23	the	the	DET
taxlaw-2791	378	24	investment	investment	NOUN
taxlaw-2791	378	25	return	return	NOUN
taxlaw-2791	378	26	would	would	AUX
taxlaw-2791	378	27	be	be	AUX
taxlaw-2791	378	28	taxed	tax	VERB
taxlaw-2791	378	29	at	at	ADP
taxlaw-2791	378	30	lp	lp	NOUN
taxlaw-2791	378	31	’s	’s	PART
taxlaw-2791	378	32	zero	zero	NUM
taxlaw-2791	378	33	rate	rate	NOUN
taxlaw-2791	378	34	;	;	PUNCT
taxlaw-2791	378	35	if	if	SCONJ
taxlaw-2791	378	36	lp	lp	PROPN
taxlaw-2791	378	37	loaned	loan	VERB
taxlaw-2791	378	38	the	the	PRON
taxlaw-2791	378	39	full	full	ADJ
taxlaw-2791	378	40	$	$	SYM
taxlaw-2791	378	41	1	1	NUM
taxlaw-2791	378	42	million	million	NUM
taxlaw-2791	378	43	interest	interest	NOUN
taxlaw-2791	378	44	-	-	PUNCT
taxlaw-2791	378	45	free	free	ADJ
taxlaw-2791	378	46	to	to	PART
taxlaw-2791	378	47	gp	gp	VERB
taxlaw-2791	378	48	,	,	PUNCT
taxlaw-2791	378	49	gp	gp	PROPN
taxlaw-2791	378	50	would	would	AUX
taxlaw-2791	378	51	repay	repay	VERB
taxlaw-2791	378	52	the	the	DET
taxlaw-2791	378	53	entire	entire	ADJ
taxlaw-2791	378	54	amount	amount	NOUN
taxlaw-2791	378	55	(	(	PUNCT
taxlaw-2791	378	56	rather	rather	ADV
taxlaw-2791	378	57	than	than	ADP
taxlaw-2791	378	58	only	only	ADV
taxlaw-2791	378	59	$	$	SYM
taxlaw-2791	378	60	0.75	0.75	NUM
taxlaw-2791	378	61	million	million	NUM
taxlaw-2791	378	62	)	)	PUNCT
taxlaw-2791	378	63	on	on	ADP
taxlaw-2791	378	64	liquidation	liquidation	NOUN
taxlaw-2791	378	65	.	.	PUNCT
taxlaw-2791	379	1	67	67	NUM
taxlaw-2791	379	2	.	.	PUNCT
taxlaw-2791	380	1	see	see	VERB
taxlaw-2791	380	2	nysba	nysba	PROPN
taxlaw-2791	380	3	report	report	NOUN
taxlaw-2791	380	4	,	,	PUNCT
taxlaw-2791	380	5	supra	supra	PROPN
taxlaw-2791	380	6	note	note	PROPN
taxlaw-2791	380	7	11	11	NUM
taxlaw-2791	380	8	,	,	PUNCT
taxlaw-2791	380	9	at	at	ADP
taxlaw-2791	380	10	28	28	NUM
taxlaw-2791	380	11	(	(	PUNCT
taxlaw-2791	380	12	noting	note	VERB
taxlaw-2791	380	13	that	that	SCONJ
taxlaw-2791	380	14	,	,	PUNCT
taxlaw-2791	380	15	unlike	unlike	ADP
taxlaw-2791	380	16	private	private	ADJ
taxlaw-2791	380	17	equity	equity	NOUN
taxlaw-2791	380	18	funds	fund	NOUN
taxlaw-2791	380	19	,	,	PUNCT
taxlaw-2791	380	20	“	"	PUNCT
taxlaw-2791	380	21	other	other	ADJ
taxlaw-2791	380	22	funds	fund	NOUN
taxlaw-2791	380	23	,	,	PUNCT
taxlaw-2791	380	24	in	in	ADP
taxlaw-2791	380	25	particular	particular	ADJ
taxlaw-2791	380	26	hedge	hedge	NOUN
taxlaw-2791	380	27	funds	fund	NOUN
taxlaw-2791	380	28	and	and	CCONJ
taxlaw-2791	380	29	many	many	ADJ
taxlaw-2791	380	30	real	real	ADJ
taxlaw-2791	380	31	estate	estate	NOUN
taxlaw-2791	380	32	funds	fund	NOUN
taxlaw-2791	380	33	,	,	PUNCT
taxlaw-2791	380	34	routinely	routinely	ADV
taxlaw-2791	380	35	reinvest	reinvest	VERB
taxlaw-2791	380	36	previously	previously	ADV
taxlaw-2791	380	37	-	-	PUNCT
taxlaw-2791	380	38	taxed	tax	VERB
taxlaw-2791	380	39	earnings	earning	NOUN
taxlaw-2791	380	40	in	in	ADP
taxlaw-2791	380	41	new	new	ADJ
taxlaw-2791	380	42	portfolio	portfolio	NOUN
taxlaw-2791	380	43	investments	investment	NOUN
taxlaw-2791	380	44	.	.	PUNCT
taxlaw-2791	380	45	”	"	PUNCT
taxlaw-2791	381	1	in	in	ADP
taxlaw-2791	381	2	response	response	NOUN
taxlaw-2791	381	3	to	to	ADP
taxlaw-2791	381	4	the	the	DET
taxlaw-2791	381	5	bar	bar	NOUN
taxlaw-2791	381	6	’s	’s	PART
taxlaw-2791	381	7	comments	comment	NOUN
taxlaw-2791	381	8	,	,	PUNCT
taxlaw-2791	381	9	the	the	DET
taxlaw-2791	381	10	current	current	ADJ
taxlaw-2791	381	11	proposal	proposal	NOUN
taxlaw-2791	381	12	carves	carve	VERB
taxlaw-2791	381	13	out	out	ADP
taxlaw-2791	381	14	an	an	DET
taxlaw-2791	381	15	exception	exception	NOUN
taxlaw-2791	381	16	for	for	ADP
taxlaw-2791	381	17	investment	investment	NOUN
taxlaw-2791	381	18	returns	return	NOUN
taxlaw-2791	381	19	to	to	PART
taxlaw-2791	381	20	earned	earn	VERB
taxlaw-2791	381	21	capital	capital	NOUN
taxlaw-2791	381	22	;	;	PUNCT
taxlaw-2791	381	23	simply	simply	ADV
taxlaw-2791	381	24	put	put	VERB
taxlaw-2791	381	25	,	,	PUNCT
taxlaw-2791	381	26	such	such	ADJ
taxlaw-2791	381	27	investment	investment	NOUN
taxlaw-2791	381	28	returns	return	NOUN
taxlaw-2791	381	29	are	be	AUX
taxlaw-2791	381	30	subtracted	subtract	VERB
taxlaw-2791	381	31	from	from	ADP
taxlaw-2791	381	32	gp	gp	NOUN
taxlaw-2791	381	33	’s	’s	PART
taxlaw-2791	381	34	profits	profit	NOUN
taxlaw-2791	381	35	share	share	VERB
taxlaw-2791	381	36	and	and	CCONJ
taxlaw-2791	381	37	taxed	tax	VERB
taxlaw-2791	381	38	as	as	ADP
taxlaw-2791	381	39	capital	capital	NOUN
taxlaw-2791	381	40	gain	gain	NOUN
taxlaw-2791	381	41	.	.	PUNCT
taxlaw-2791	382	1	see	see	VERB
taxlaw-2791	382	2	infra	infra	NOUN
taxlaw-2791	382	3	notes	note	VERB
taxlaw-2791	382	4	132–154	132–154	NUM
taxlaw-2791	382	5	and	and	CCONJ
taxlaw-2791	382	6	accompanying	accompany	VERB
taxlaw-2791	382	7	text	text	NOUN
taxlaw-2791	382	8	.	.	PUNCT
taxlaw-2791	383	1	18	18	NUM
taxlaw-2791	383	2	columbia	columbia	PROPN
taxlaw-2791	383	3	jour	jour	PROPN
taxlaw-2791	383	4	�	�	PROPN
taxlaw-2791	383	5	al	al	PROPN
taxlaw-2791	383	6	of	of	ADP
taxlaw-2791	383	7	tax	tax	NOUN
taxlaw-2791	383	8	law	law	NOUN
taxlaw-2791	384	1	[	[	X
taxlaw-2791	384	2	vol	vol	NOUN
taxlaw-2791	384	3	.	.	PUNCT
taxlaw-2791	385	1	1:1	1:1	NUM
taxlaw-2791	385	2	normal	normal	ADJ
taxlaw-2791	385	3	rules	rule	NOUN
taxlaw-2791	385	4	of	of	ADP
taxlaw-2791	385	5	§	§	PROPN
taxlaw-2791	385	6	83	83	NUM
taxlaw-2791	385	7	,	,	PUNCT
taxlaw-2791	385	8	the	the	DET
taxlaw-2791	385	9	general	general	ADJ
taxlaw-2791	385	10	provision	provision	NOUN
taxlaw-2791	385	11	governing	govern	VERB
taxlaw-2791	385	12	receipt	receipt	NOUN
taxlaw-2791	385	13	of	of	ADP
taxlaw-2791	385	14	property	property	NOUN
taxlaw-2791	385	15	in	in	ADP
taxlaw-2791	385	16	connection	connection	NOUN
taxlaw-2791	385	17	with	with	ADP
taxlaw-2791	385	18	services.68	services.68	PROPN
taxlaw-2791	385	19	in	in	ADP
taxlaw-2791	385	20	light	light	NOUN
taxlaw-2791	385	21	of	of	ADP
taxlaw-2791	385	22	the	the	DET
taxlaw-2791	385	23	potential	potential	ADJ
taxlaw-2791	385	24	conflict	conflict	NOUN
taxlaw-2791	385	25	between	between	ADP
taxlaw-2791	385	26	§	§	PROPN
taxlaw-2791	385	27	83	83	NUM
taxlaw-2791	385	28	and	and	CCONJ
taxlaw-2791	385	29	the	the	DET
taxlaw-2791	385	30	partnership	partnership	NOUN
taxlaw-2791	385	31	rules	rule	NOUN
taxlaw-2791	385	32	,	,	PUNCT
taxlaw-2791	385	33	the	the	DET
taxlaw-2791	385	34	partnership	partnership	NOUN
taxlaw-2791	385	35	tax	tax	NOUN
taxlaw-2791	385	36	bar	bar	NOUN
taxlaw-2791	385	37	has	have	AUX
taxlaw-2791	385	38	long	long	ADV
taxlaw-2791	385	39	sought	seek	VERB
taxlaw-2791	385	40	a	a	DET
taxlaw-2791	385	41	special	special	ADJ
taxlaw-2791	385	42	rule	rule	NOUN
taxlaw-2791	385	43	that	that	PRON
taxlaw-2791	385	44	would	would	AUX
taxlaw-2791	385	45	exempt	exempt	VERB
taxlaw-2791	385	46	a	a	DET
taxlaw-2791	385	47	profits	profit	NOUN
taxlaw-2791	385	48	holder	holder	NOUN
taxlaw-2791	385	49	whose	whose	DET
taxlaw-2791	385	50	interest	interest	NOUN
taxlaw-2791	385	51	is	be	AUX
taxlaw-2791	385	52	forfeitable	forfeitable	ADJ
taxlaw-2791	385	53	from	from	ADP
taxlaw-2791	385	54	the	the	DET
taxlaw-2791	385	55	normal	normal	ADJ
taxlaw-2791	385	56	operation	operation	NOUN
taxlaw-2791	385	57	of	of	ADP
taxlaw-2791	385	58	§	§	PROPN
taxlaw-2791	385	59	83	83	NUM
taxlaw-2791	385	60	.	.	PUNCT
taxlaw-2791	386	1	from	from	ADP
taxlaw-2791	386	2	the	the	DET
taxlaw-2791	386	3	partnership	partnership	NOUN
taxlaw-2791	386	4	tax	tax	NOUN
taxlaw-2791	386	5	bar	bar	NOUN
taxlaw-2791	386	6	’s	’s	PART
taxlaw-2791	386	7	perspective	perspective	NOUN
taxlaw-2791	386	8	,	,	PUNCT
taxlaw-2791	386	9	the	the	DET
taxlaw-2791	386	10	ordinary	ordinary	ADJ
taxlaw-2791	386	11	income	income	NOUN
taxlaw-2791	386	12	approach	approach	NOUN
taxlaw-2791	386	13	favored	favor	VERB
taxlaw-2791	386	14	by	by	ADP
taxlaw-2791	386	15	reformers	reformer	NOUN
taxlaw-2791	386	16	is	be	AUX
taxlaw-2791	386	17	nothing	nothing	PRON
taxlaw-2791	386	18	new	new	ADJ
taxlaw-2791	386	19	.	.	PUNCT
taxlaw-2791	387	1	historically	historically	ADV
taxlaw-2791	387	2	,	,	PUNCT
taxlaw-2791	387	3	the	the	DET
taxlaw-2791	387	4	ordinary	ordinary	ADJ
taxlaw-2791	387	5	income	income	NOUN
taxlaw-2791	387	6	approach	approach	NOUN
taxlaw-2791	387	7	harkens	harken	VERB
taxlaw-2791	387	8	back	back	ADV
taxlaw-2791	387	9	to	to	ADP
taxlaw-2791	387	10	proposals	proposal	NOUN
taxlaw-2791	387	11	by	by	ADP
taxlaw-2791	387	12	william	william	PROPN
taxlaw-2791	387	13	mckee	mckee	PROPN
taxlaw-2791	387	14	and	and	CCONJ
taxlaw-2791	387	15	others	other	NOUN
taxlaw-2791	387	16	in	in	ADP
taxlaw-2791	387	17	the	the	DET
taxlaw-2791	387	18	1970	1970	NUM
taxlaw-2791	387	19	’s	’s	NOUN
taxlaw-2791	387	20	as	as	ADP
taxlaw-2791	387	21	a	a	DET
taxlaw-2791	387	22	compromise	compromise	NOUN
taxlaw-2791	387	23	solution	solution	NOUN
taxlaw-2791	387	24	to	to	ADP
taxlaw-2791	387	25	the	the	DET
taxlaw-2791	387	26	potential	potential	ADJ
taxlaw-2791	387	27	conflict	conflict	NOUN
taxlaw-2791	387	28	between	between	ADP
taxlaw-2791	387	29	§	§	PROPN
taxlaw-2791	387	30	83	83	NUM
taxlaw-2791	387	31	and	and	CCONJ
taxlaw-2791	387	32	the	the	DET
taxlaw-2791	387	33	partnership	partnership	NOUN
taxlaw-2791	387	34	rules.69	rules.69	NOUN
taxlaw-2791	387	35	while	while	SCONJ
taxlaw-2791	387	36	reformers	reformer	NOUN
taxlaw-2791	387	37	perhaps	perhaps	ADV
taxlaw-2791	387	38	unwittingly	unwittingly	ADV
taxlaw-2791	387	39	borrowed	borrow	VERB
taxlaw-2791	387	40	the	the	DET
taxlaw-2791	387	41	ordinary	ordinary	ADJ
taxlaw-2791	387	42	income	income	NOUN
taxlaw-2791	387	43	approach	approach	NOUN
taxlaw-2791	387	44	as	as	ADP
taxlaw-2791	387	45	a	a	DET
taxlaw-2791	387	46	solution	solution	NOUN
taxlaw-2791	387	47	to	to	ADP
taxlaw-2791	387	48	the	the	DET
taxlaw-2791	387	49	carried	carry	VERB
taxlaw-2791	387	50	interest	interest	NOUN
taxlaw-2791	387	51	problem	problem	NOUN
taxlaw-2791	387	52	,	,	PUNCT
taxlaw-2791	387	53	the	the	DET
taxlaw-2791	387	54	mckee	mckee	PROPN
taxlaw-2791	387	55	proposal	proposal	NOUN
taxlaw-2791	387	56	antedated	antedate	VERB
taxlaw-2791	387	57	the	the	DET
taxlaw-2791	387	58	modern	modern	ADJ
taxlaw-2791	387	59	capital	capital	NOUN
taxlaw-2791	387	60	account	account	NOUN
taxlaw-2791	387	61	system	system	NOUN
taxlaw-2791	387	62	.	.	PUNCT
taxlaw-2791	388	1	the	the	DET
taxlaw-2791	388	2	complex	complex	ADJ
taxlaw-2791	388	3	capital	capital	NOUN
taxlaw-2791	388	4	account	account	NOUN
taxlaw-2791	388	5	system	system	NOUN
taxlaw-2791	388	6	makes	make	VERB
taxlaw-2791	388	7	it	it	PRON
taxlaw-2791	388	8	possible	possible	ADJ
taxlaw-2791	388	9	,	,	PUNCT
taxlaw-2791	388	10	in	in	ADP
taxlaw-2791	388	11	theory	theory	NOUN
taxlaw-2791	388	12	,	,	PUNCT
taxlaw-2791	388	13	to	to	PART
taxlaw-2791	388	14	track	track	VERB
taxlaw-2791	388	15	the	the	DET
taxlaw-2791	388	16	separate	separate	ADJ
taxlaw-2791	388	17	labor	labor	NOUN
taxlaw-2791	388	18	and	and	CCONJ
taxlaw-2791	388	19	capital	capital	NOUN
taxlaw-2791	388	20	components	component	NOUN
taxlaw-2791	388	21	of	of	ADP
taxlaw-2791	388	22	a	a	DET
taxlaw-2791	388	23	service	service	NOUN
taxlaw-2791	388	24	partner	partner	NOUN
taxlaw-2791	388	25	’s	’s	PART
taxlaw-2791	388	26	interest	interest	NOUN
taxlaw-2791	388	27	when	when	SCONJ
taxlaw-2791	388	28	earnings	earning	NOUN
taxlaw-2791	388	29	from	from	ADP
taxlaw-2791	388	30	services	service	NOUN
taxlaw-2791	388	31	are	be	AUX
taxlaw-2791	388	32	reinvested	reinveste	VERB
taxlaw-2791	388	33	in	in	ADP
taxlaw-2791	388	34	the	the	DET
taxlaw-2791	388	35	partnership	partnership	NOUN
taxlaw-2791	388	36	.	.	PUNCT
taxlaw-2791	389	1	indeed	indeed	ADV
taxlaw-2791	389	2	,	,	PUNCT
taxlaw-2791	389	3	it	it	PRON
taxlaw-2791	389	4	may	may	AUX
taxlaw-2791	389	5	be	be	AUX
taxlaw-2791	389	6	possible	possible	ADJ
taxlaw-2791	389	7	to	to	PART
taxlaw-2791	389	8	refine	refine	VERB
taxlaw-2791	389	9	the	the	DET
taxlaw-2791	389	10	mckee	mckee	PROPN
taxlaw-2791	389	11	proposal	proposal	NOUN
taxlaw-2791	389	12	to	to	PART
taxlaw-2791	389	13	take	take	VERB
taxlaw-2791	389	14	into	into	ADP
taxlaw-2791	389	15	account	account	NOUN
taxlaw-2791	389	16	previously	previously	ADV
taxlaw-2791	389	17	taxed	tax	VERB
taxlaw-2791	389	18	and	and	CCONJ
taxlaw-2791	389	19	reinvested	reinvested	ADJ
taxlaw-2791	389	20	salary	salary	NOUN
taxlaw-2791	389	21	as	as	ADP
taxlaw-2791	389	22	a	a	DET
taxlaw-2791	389	23	source	source	NOUN
taxlaw-2791	389	24	of	of	ADP
taxlaw-2791	389	25	future	future	ADJ
taxlaw-2791	389	26	capital	capital	NOUN
taxlaw-2791	389	27	gains	gain	NOUN
taxlaw-2791	389	28	,	,	PUNCT
taxlaw-2791	389	29	by	by	ADP
taxlaw-2791	389	30	“	"	PUNCT
taxlaw-2791	389	31	disaggregating	disaggregate	VERB
taxlaw-2791	389	32	”	"	PUNCT
taxlaw-2791	389	33	a	a	DET
taxlaw-2791	389	34	service	service	NOUN
taxlaw-2791	389	35	partner	partner	NOUN
taxlaw-2791	389	36	’s	’s	PART
taxlaw-2791	389	37	return	return	NOUN
taxlaw-2791	389	38	into	into	ADP
taxlaw-2791	389	39	separate	separate	ADJ
taxlaw-2791	389	40	labor	labor	NOUN
taxlaw-2791	389	41	and	and	CCONJ
taxlaw-2791	389	42	capital	capital	NOUN
taxlaw-2791	389	43	components	component	NOUN
taxlaw-2791	389	44	.	.	PUNCT
taxlaw-2791	390	1	yet	yet	CCONJ
taxlaw-2791	390	2	capital	capital	NOUN
taxlaw-2791	390	3	accounts	account	NOUN
taxlaw-2791	390	4	may	may	AUX
taxlaw-2791	390	5	be	be	AUX
taxlaw-2791	390	6	a	a	DET
taxlaw-2791	390	7	shaky	shaky	ADJ
taxlaw-2791	390	8	foundation	foundation	NOUN
taxlaw-2791	390	9	for	for	ADP
taxlaw-2791	390	10	reform	reform	NOUN
taxlaw-2791	390	11	,	,	PUNCT
taxlaw-2791	390	12	and	and	CCONJ
taxlaw-2791	390	13	the	the	DET
taxlaw-2791	390	14	earned	earn	VERB
taxlaw-2791	390	15	capital	capital	NOUN
taxlaw-2791	390	16	exception	exception	NOUN
taxlaw-2791	390	17	may	may	AUX
taxlaw-2791	390	18	be	be	AUX
taxlaw-2791	390	19	a	a	DET
taxlaw-2791	390	20	misnomer	misnomer	NOUN
taxlaw-2791	390	21	.	.	PUNCT
taxlaw-2791	391	1	when	when	SCONJ
taxlaw-2791	391	2	gp	gp	NOUN
taxlaw-2791	391	3	has	have	VERB
taxlaw-2791	391	4	solely	solely	ADV
taxlaw-2791	391	5	a	a	DET
taxlaw-2791	391	6	profits	profit	NOUN
taxlaw-2791	391	7	interest	interest	NOUN
taxlaw-2791	391	8	contingent	contingent	NOUN
taxlaw-2791	391	9	on	on	ADP
taxlaw-2791	391	10	a	a	DET
taxlaw-2791	391	11	performance	performance	NOUN
taxlaw-2791	391	12	goal	goal	NOUN
taxlaw-2791	391	13	,	,	PUNCT
taxlaw-2791	391	14	the	the	DET
taxlaw-2791	391	15	fundamental	fundamental	ADJ
taxlaw-2791	391	16	issue	issue	NOUN
taxlaw-2791	391	17	is	be	AUX
taxlaw-2791	391	18	whether	whether	SCONJ
taxlaw-2791	391	19	gp	gp	NOUN
taxlaw-2791	391	20	or	or	CCONJ
taxlaw-2791	391	21	lp	lp	NOUN
taxlaw-2791	391	22	should	should	AUX
taxlaw-2791	391	23	be	be	AUX
taxlaw-2791	391	24	treated	treat	VERB
taxlaw-2791	391	25	as	as	ADP
taxlaw-2791	391	26	owning	own	VERB
taxlaw-2791	391	27	partnership	partnership	NOUN
taxlaw-2791	391	28	capital	capital	NOUN
taxlaw-2791	391	29	that	that	PRON
taxlaw-2791	391	30	generates	generate	VERB
taxlaw-2791	391	31	an	an	DET
taxlaw-2791	391	32	investment	investment	NOUN
taxlaw-2791	391	33	return	return	NOUN
taxlaw-2791	391	34	taxed	tax	VERB
taxlaw-2791	391	35	as	as	ADP
taxlaw-2791	391	36	capital	capital	NOUN
taxlaw-2791	391	37	gain.70	gain.70	PROPN
taxlaw-2791	391	38	if	if	SCONJ
taxlaw-2791	391	39	,	,	PUNCT
taxlaw-2791	391	40	upon	upon	SCONJ
taxlaw-2791	391	41	closer	close	ADJ
taxlaw-2791	391	42	inspection	inspection	NOUN
taxlaw-2791	391	43	,	,	PUNCT
taxlaw-2791	391	44	§	§	PROPN
taxlaw-2791	391	45	710	710	NUM
taxlaw-2791	391	46	is	be	AUX
taxlaw-2791	391	47	not	not	PART
taxlaw-2791	391	48	the	the	DET
taxlaw-2791	391	49	simple	simple	ADJ
taxlaw-2791	391	50	solution	solution	NOUN
taxlaw-2791	391	51	touted	tout	VERB
taxlaw-2791	391	52	by	by	ADP
taxlaw-2791	391	53	reformers	reformer	NOUN
taxlaw-2791	391	54	,	,	PUNCT
taxlaw-2791	391	55	a	a	DET
taxlaw-2791	391	56	better	well	ADJ
taxlaw-2791	391	57	approach	approach	NOUN
taxlaw-2791	391	58	may	may	AUX
taxlaw-2791	391	59	be	be	AUX
taxlaw-2791	391	60	to	to	PART
taxlaw-2791	391	61	deny	deny	VERB
taxlaw-2791	391	62	partner	partner	NOUN
taxlaw-2791	391	63	status	status	NOUN
taxlaw-2791	391	64	to	to	ADP
taxlaw-2791	391	65	a	a	DET
taxlaw-2791	391	66	service	service	NOUN
taxlaw-2791	391	67	provider	provider	NOUN
taxlaw-2791	391	68	who	who	PRON
taxlaw-2791	391	69	is	be	AUX
taxlaw-2791	391	70	essentially	essentially	ADV
taxlaw-2791	391	71	in	in	ADP
taxlaw-2791	391	72	the	the	DET
taxlaw-2791	391	73	same	same	ADJ
taxlaw-2791	391	74	position	position	NOUN
taxlaw-2791	391	75	as	as	ADP
taxlaw-2791	391	76	an	an	DET
taxlaw-2791	391	77	option	option	NOUN
taxlaw-2791	391	78	holder	holder	NOUN
taxlaw-2791	391	79	.	.	PUNCT
taxlaw-2791	392	1	68	68	NUM
taxlaw-2791	392	2	.	.	PUNCT
taxlaw-2791	392	3	section	section	NOUN
taxlaw-2791	392	4	83	83	NUM
taxlaw-2791	392	5	requires	require	VERB
taxlaw-2791	392	6	a	a	DET
taxlaw-2791	392	7	person	person	NOUN
taxlaw-2791	392	8	who	who	PRON
taxlaw-2791	392	9	receives	receive	VERB
taxlaw-2791	392	10	property	property	NOUN
taxlaw-2791	392	11	in	in	ADP
taxlaw-2791	392	12	connection	connection	NOUN
taxlaw-2791	392	13	with	with	ADP
taxlaw-2791	392	14	performance	performance	NOUN
taxlaw-2791	392	15	of	of	ADP
taxlaw-2791	392	16	services	service	NOUN
taxlaw-2791	392	17	to	to	PART
taxlaw-2791	392	18	include	include	VERB
taxlaw-2791	392	19	the	the	DET
taxlaw-2791	392	20	value	value	NOUN
taxlaw-2791	392	21	of	of	ADP
taxlaw-2791	392	22	such	such	ADJ
taxlaw-2791	392	23	property	property	NOUN
taxlaw-2791	392	24	in	in	ADP
taxlaw-2791	392	25	income	income	NOUN
taxlaw-2791	392	26	when	when	SCONJ
taxlaw-2791	392	27	such	such	ADJ
taxlaw-2791	392	28	property	property	NOUN
taxlaw-2791	392	29	first	first	ADV
taxlaw-2791	392	30	becomes	become	VERB
taxlaw-2791	392	31	“	"	PUNCT
taxlaw-2791	392	32	transferable	transferable	ADJ
taxlaw-2791	392	33	”	"	PUNCT
taxlaw-2791	392	34	or	or	CCONJ
taxlaw-2791	392	35	is	be	AUX
taxlaw-2791	392	36	no	no	PRON
taxlaw-2791	392	37	longer	long	ADV
taxlaw-2791	392	38	subject	subject	ADJ
taxlaw-2791	392	39	to	to	ADP
taxlaw-2791	392	40	a	a	DET
taxlaw-2791	392	41	“	"	PUNCT
taxlaw-2791	392	42	substantial	substantial	ADJ
taxlaw-2791	392	43	risk	risk	NOUN
taxlaw-2791	392	44	of	of	ADP
taxlaw-2791	392	45	forfeiture	forfeiture	NOUN
taxlaw-2791	392	46	.	.	PUNCT
taxlaw-2791	392	47	”	"	PUNCT
taxlaw-2791	393	1	see	see	VERB
taxlaw-2791	393	2	i.r.c	i.r.c	NOUN
taxlaw-2791	393	3	.	.	PUNCT
taxlaw-2791	394	1	§	§	PROPN
taxlaw-2791	394	2	83(a)(1	83(a)(1	NUM
taxlaw-2791	394	3	)	)	PUNCT
taxlaw-2791	394	4	(	(	PUNCT
taxlaw-2791	394	5	2009	2009	NUM
taxlaw-2791	394	6	)	)	PUNCT
taxlaw-2791	394	7	.	.	PUNCT
taxlaw-2791	395	1	in	in	ADP
taxlaw-2791	395	2	the	the	DET
taxlaw-2791	395	3	absence	absence	NOUN
taxlaw-2791	395	4	of	of	ADP
taxlaw-2791	395	5	a	a	DET
taxlaw-2791	395	6	§	§	PROPN
taxlaw-2791	395	7	83(b	83(b	NUM
taxlaw-2791	395	8	)	)	PUNCT
taxlaw-2791	395	9	election	election	NOUN
taxlaw-2791	395	10	,	,	PUNCT
taxlaw-2791	395	11	the	the	DET
taxlaw-2791	395	12	taxable	taxable	ADJ
taxlaw-2791	395	13	event	event	NOUN
taxlaw-2791	395	14	occurs	occur	VERB
taxlaw-2791	395	15	when	when	SCONJ
taxlaw-2791	395	16	the	the	DET
taxlaw-2791	395	17	transferred	transfer	VERB
taxlaw-2791	395	18	property	property	NOUN
taxlaw-2791	395	19	becomes	become	VERB
taxlaw-2791	395	20	substantially	substantially	ADV
taxlaw-2791	395	21	vested	vest	VERB
taxlaw-2791	395	22	.	.	PUNCT
taxlaw-2791	396	1	see	see	VERB
taxlaw-2791	396	2	treas	treas	PROPN
taxlaw-2791	396	3	.	.	PUNCT
taxlaw-2791	397	1	reg	reg	PROPN
taxlaw-2791	397	2	.	.	PUNCT
taxlaw-2791	398	1	§	§	PROPN
taxlaw-2791	398	2	1.83	1.83	NUM
taxlaw-2791	398	3	-	-	SYM
taxlaw-2791	398	4	3(b	3(b	NUM
taxlaw-2791	398	5	)	)	PUNCT
taxlaw-2791	398	6	(	(	PUNCT
taxlaw-2791	398	7	as	as	SCONJ
taxlaw-2791	398	8	amended	amend	VERB
taxlaw-2791	398	9	in	in	ADP
taxlaw-2791	398	10	2005	2005	NUM
taxlaw-2791	398	11	)	)	PUNCT
taxlaw-2791	398	12	.	.	PUNCT
taxlaw-2791	399	1	prior	prior	ADV
taxlaw-2791	399	2	to	to	ADP
taxlaw-2791	399	3	vesting	vest	VERB
taxlaw-2791	399	4	,	,	PUNCT
taxlaw-2791	399	5	the	the	DET
taxlaw-2791	399	6	transferor	transferor	NOUN
taxlaw-2791	399	7	(	(	PUNCT
taxlaw-2791	399	8	not	not	PART
taxlaw-2791	399	9	the	the	DET
taxlaw-2791	399	10	transferee	transferee	NOUN
taxlaw-2791	399	11	)	)	PUNCT
taxlaw-2791	399	12	is	be	AUX
taxlaw-2791	399	13	treated	treat	VERB
taxlaw-2791	399	14	as	as	ADP
taxlaw-2791	399	15	the	the	DET
taxlaw-2791	399	16	owner	owner	NOUN
taxlaw-2791	399	17	of	of	ADP
taxlaw-2791	399	18	such	such	ADJ
taxlaw-2791	399	19	property	property	NOUN
taxlaw-2791	399	20	.	.	PUNCT
taxlaw-2791	400	1	see	see	VERB
taxlaw-2791	400	2	treas	treas	PROPN
taxlaw-2791	400	3	.	.	PUNCT
taxlaw-2791	401	1	reg	reg	PROPN
taxlaw-2791	401	2	.	.	PUNCT
taxlaw-2791	402	1	§	§	PROPN
taxlaw-2791	402	2	1.83	1.83	NUM
taxlaw-2791	402	3	-	-	PUNCT
taxlaw-2791	402	4	1(a)(1	1(a)(1	NUM
taxlaw-2791	402	5	)	)	PUNCT
taxlaw-2791	402	6	(	(	PUNCT
taxlaw-2791	402	7	as	as	SCONJ
taxlaw-2791	402	8	amended	amend	VERB
taxlaw-2791	402	9	in	in	ADP
taxlaw-2791	402	10	2003	2003	NUM
taxlaw-2791	402	11	)	)	PUNCT
taxlaw-2791	402	12	.	.	PUNCT
taxlaw-2791	403	1	69	69	NUM
taxlaw-2791	403	2	.	.	PUNCT
taxlaw-2791	404	1	see	see	VERB
taxlaw-2791	404	2	infra	infra	NOUN
taxlaw-2791	404	3	notes	note	VERB
taxlaw-2791	404	4	108–111	108–111	NUM
taxlaw-2791	404	5	and	and	CCONJ
taxlaw-2791	404	6	accompanying	accompany	VERB
taxlaw-2791	404	7	text	text	NOUN
taxlaw-2791	404	8	.	.	PUNCT
taxlaw-2791	405	1	70	70	X
taxlaw-2791	405	2	.	.	PUNCT
taxlaw-2791	406	1	see	see	VERB
taxlaw-2791	406	2	senate	senate	PROPN
taxlaw-2791	406	3	hearings	hearing	NOUN
taxlaw-2791	406	4	,	,	PUNCT
taxlaw-2791	406	5	supra	supra	PROPN
taxlaw-2791	406	6	note	note	NOUN
taxlaw-2791	406	7	1	1	NUM
taxlaw-2791	406	8	(	(	PUNCT
taxlaw-2791	406	9	statement	statement	NOUN
taxlaw-2791	406	10	of	of	ADP
taxlaw-2791	406	11	charles	charles	PROPN
taxlaw-2791	406	12	i.	i.	PROPN
taxlaw-2791	406	13	kingson	kingson	PROPN
taxlaw-2791	406	14	,	,	PUNCT
taxlaw-2791	406	15	july	july	PROPN
taxlaw-2791	406	16	31	31	NUM
taxlaw-2791	406	17	,	,	PUNCT
taxlaw-2791	406	18	2007	2007	NUM
taxlaw-2791	406	19	)	)	PUNCT
taxlaw-2791	406	20	(	(	PUNCT
taxlaw-2791	406	21	“	"	PUNCT
taxlaw-2791	406	22	the	the	DET
taxlaw-2791	406	23	debate	debate	NOUN
taxlaw-2791	406	24	over	over	ADP
taxlaw-2791	406	25	carried	carry	VERB
taxlaw-2791	406	26	interests	interest	NOUN
taxlaw-2791	406	27	should	should	AUX
taxlaw-2791	406	28	be	be	AUX
taxlaw-2791	406	29	seen	see	VERB
taxlaw-2791	406	30	as	as	ADP
taxlaw-2791	406	31	part	part	NOUN
taxlaw-2791	406	32	of	of	ADP
taxlaw-2791	406	33	a	a	DET
taxlaw-2791	406	34	derivative	derivative	ADJ
taxlaw-2791	406	35	free	free	ADJ
taxlaw-2791	406	36	-	-	PUNCT
taxlaw-2791	406	37	for	for	ADP
taxlaw-2791	406	38	-	-	PUNCT
taxlaw-2791	406	39	all	all	PRON
taxlaw-2791	406	40	,	,	PUNCT
taxlaw-2791	406	41	a	a	DET
taxlaw-2791	406	42	sort	sort	NOUN
taxlaw-2791	406	43	of	of	ADP
taxlaw-2791	406	44	financial	financial	ADJ
taxlaw-2791	406	45	check	check	NOUN
taxlaw-2791	406	46	-	-	PUNCT
taxlaw-2791	406	47	the	the	DET
taxlaw-2791	406	48	-	-	PUNCT
taxlaw-2791	406	49	box	box	NOUN
taxlaw-2791	406	50	regime	regime	NOUN
taxlaw-2791	406	51	,	,	PUNCT
taxlaw-2791	406	52	in	in	ADP
taxlaw-2791	406	53	which	which	PRON
taxlaw-2791	406	54	people	people	NOUN
taxlaw-2791	406	55	can	can	AUX
taxlaw-2791	406	56	choose	choose	VERB
taxlaw-2791	406	57	between	between	ADP
taxlaw-2791	406	58	the	the	DET
taxlaw-2791	406	59	tax	tax	NOUN
taxlaw-2791	406	60	attributes	attribute	NOUN
taxlaw-2791	406	61	of	of	ADP
taxlaw-2791	406	62	owning	owning	NOUN
taxlaw-2791	406	63	or	or	CCONJ
taxlaw-2791	406	64	not	not	PART
taxlaw-2791	406	65	owning	own	VERB
taxlaw-2791	406	66	property	property	NOUN
taxlaw-2791	406	67	.	.	PUNCT
taxlaw-2791	406	68	”	"	PUNCT
taxlaw-2791	406	69	)	)	PUNCT
taxlaw-2791	406	70	.	.	PUNCT
taxlaw-2791	407	1	kingson	kingson	PROPN
taxlaw-2791	407	2	was	be	AUX
taxlaw-2791	407	3	apparently	apparently	ADV
taxlaw-2791	407	4	the	the	DET
taxlaw-2791	407	5	only	only	ADJ
taxlaw-2791	407	6	witness	witness	NOUN
taxlaw-2791	407	7	who	who	PRON
taxlaw-2791	407	8	suggested	suggest	VERB
taxlaw-2791	407	9	that	that	SCONJ
taxlaw-2791	407	10	an	an	DET
taxlaw-2791	407	11	investment	investment	NOUN
taxlaw-2791	407	12	manager	manager	NOUN
taxlaw-2791	407	13	’s	’s	PART
taxlaw-2791	407	14	return	return	NOUN
taxlaw-2791	407	15	should	should	AUX
taxlaw-2791	407	16	already	already	ADV
taxlaw-2791	407	17	be	be	AUX
taxlaw-2791	407	18	taxed	tax	VERB
taxlaw-2791	407	19	as	as	ADP
taxlaw-2791	407	20	ordinary	ordinary	ADJ
taxlaw-2791	407	21	income	income	NOUN
taxlaw-2791	407	22	under	under	ADP
taxlaw-2791	407	23	current	current	ADJ
taxlaw-2791	407	24	law	law	NOUN
taxlaw-2791	407	25	.	.	PUNCT
taxlaw-2791	408	1	i	i	PRON
taxlaw-2791	408	2	d.	d.	PROPN
taxlaw-2791	408	3	see	see	VERB
taxlaw-2791	408	4	also	also	ADV
taxlaw-2791	408	5	charles	charles	PROPN
taxlaw-2791	408	6	i.	i.	PROPN
taxlaw-2791	408	7	kingson	kingson	PROPN
taxlaw-2791	408	8	,	,	PUNCT
taxlaw-2791	408	9	carried	carry	VERB
taxlaw-2791	408	10	interests	interest	NOUN
taxlaw-2791	408	11	:	:	PUNCT
taxlaw-2791	408	12	an	an	DET
taxlaw-2791	408	13	outdated	outdated	ADJ
taxlaw-2791	408	14	term	term	NOUN
taxlaw-2791	408	15	?	?	PUNCT
taxlaw-2791	408	16	,	,	PUNCT
taxlaw-2791	408	17	123	123	NUM
taxlaw-2791	408	18	tax	tax	NOUN
taxlaw-2791	408	19	notes	note	NOUN
taxlaw-2791	408	20	627	627	NUM
taxlaw-2791	408	21	(	(	PUNCT
taxlaw-2791	408	22	2009	2009	NUM
taxlaw-2791	408	23	)	)	PUNCT
taxlaw-2791	408	24	(	(	PUNCT
taxlaw-2791	408	25	“	"	PUNCT
taxlaw-2791	408	26	a	a	DET
taxlaw-2791	408	27	bill	bill	NOUN
taxlaw-2791	408	28	to	to	PART
taxlaw-2791	408	29	tax	tax	VERB
taxlaw-2791	408	30	hedge	hedge	NOUN
taxlaw-2791	408	31	fund	fund	NOUN
taxlaw-2791	408	32	managers	manager	NOUN
taxlaw-2791	408	33	on	on	ADP
taxlaw-2791	408	34	their	their	PRON
taxlaw-2791	408	35	share	share	NOUN
taxlaw-2791	408	36	of	of	ADP
taxlaw-2791	408	37	the	the	DET
taxlaw-2791	408	38	profits	profit	NOUN
taxlaw-2791	408	39	as	as	ADP
taxlaw-2791	408	40	ordinary	ordinary	ADJ
taxlaw-2791	408	41	income	income	NOUN
taxlaw-2791	408	42	probably	probably	ADV
taxlaw-2791	408	43	loses	lose	VERB
taxlaw-2791	408	44	revenue	revenue	NOUN
taxlaw-2791	408	45	.	.	PUNCT
taxlaw-2791	408	46	.	.	PUNCT
taxlaw-2791	408	47	.	.	PUNCT
taxlaw-2791	409	1	[	[	X
taxlaw-2791	409	2	a	a	X
taxlaw-2791	409	3	]	]	X
taxlaw-2791	409	4	statute	statute	NOUN
taxlaw-2791	409	5	ratifies	ratify	VERB
taxlaw-2791	409	6	their	their	PRON
taxlaw-2791	409	7	previous	previous	ADJ
taxlaw-2791	409	8	position	position	NOUN
taxlaw-2791	409	9	.	.	PUNCT
taxlaw-2791	409	10	”	"	PUNCT
taxlaw-2791	409	11	)	)	PUNCT
taxlaw-2791	410	1	[	[	X
taxlaw-2791	410	2	hereinafter	hereinafter	NOUN
taxlaw-2791	410	3	kingson	kingson	NOUN
taxlaw-2791	410	4	,	,	PUNCT
taxlaw-2791	410	5	carried	carry	VERB
taxlaw-2791	410	6	interests	interest	NOUN
taxlaw-2791	410	7	:	:	PUNCT
taxlaw-2791	410	8	an	an	DET
taxlaw-2791	410	9	outdated	outdated	ADJ
taxlaw-2791	410	10	term	term	NOUN
taxlaw-2791	410	11	?	?	PUNCT
taxlaw-2791	410	12	]	]	PUNCT
taxlaw-2791	410	13	.	.	PUNCT
taxlaw-2791	411	1	2010	2010	NUM
taxlaw-2791	411	2	]	]	PUNCT
taxlaw-2791	411	3	the	the	DET
taxlaw-2791	411	4	sou	sou	PROPN
taxlaw-2791	411	5	�	�	PROPN
taxlaw-2791	411	6	d	d	PROPN
taxlaw-2791	411	7	a	a	DET
taxlaw-2791	411	8	�	�	PROPN
taxlaw-2791	411	9	d	d	NOUN
taxlaw-2791	411	10	fury	fury	NOUN
taxlaw-2791	411	11	of	of	ADP
taxlaw-2791	411	12	carried	carry	VERB
taxlaw-2791	411	13	i	i	PRON
taxlaw-2791	411	14	�	�	VERB
taxlaw-2791	411	15	terest	ter	ADJ
taxlaw-2791	411	16	reform	reform	NOUN
taxlaw-2791	411	17	19	19	NUM
taxlaw-2791	411	18	ii	ii	NOUN
taxlaw-2791	411	19	.	.	PROPN
taxlaw-2791	411	20	proposed	propose	VERB
taxlaw-2791	411	21	§	§	PROPN
taxlaw-2791	411	22	§	§	PROPN
taxlaw-2791	411	23	710	710	NUM
taxlaw-2791	411	24	and	and	CCONJ
taxlaw-2791	411	25	83	83	NUM
taxlaw-2791	411	26	although	although	SCONJ
taxlaw-2791	411	27	hardly	hardly	ADV
taxlaw-2791	411	28	novel	novel	ADJ
taxlaw-2791	411	29	,	,	PUNCT
taxlaw-2791	411	30	the	the	DET
taxlaw-2791	411	31	recharacterization	recharacterization	ADJ
taxlaw-2791	411	32	approach	approach	NOUN
taxlaw-2791	411	33	of	of	ADP
taxlaw-2791	411	34	§	§	PROPN
taxlaw-2791	411	35	710	710	NUM
taxlaw-2791	411	36	follows	follow	VERB
taxlaw-2791	411	37	broadly	broadly	ADV
taxlaw-2791	411	38	the	the	DET
taxlaw-2791	411	39	proposal	proposal	NOUN
taxlaw-2791	411	40	of	of	ADP
taxlaw-2791	411	41	reformers	reformer	NOUN
taxlaw-2791	411	42	who	who	PRON
taxlaw-2791	411	43	argued	argue	VERB
taxlaw-2791	411	44	that	that	SCONJ
taxlaw-2791	411	45	a	a	DET
taxlaw-2791	411	46	service	service	NOUN
taxlaw-2791	411	47	partner	partner	NOUN
taxlaw-2791	411	48	’s	’s	PART
taxlaw-2791	411	49	distributive	distributive	ADJ
taxlaw-2791	411	50	share	share	NOUN
taxlaw-2791	411	51	should	should	AUX
taxlaw-2791	411	52	be	be	AUX
taxlaw-2791	411	53	treated	treat	VERB
taxlaw-2791	411	54	as	as	ADP
taxlaw-2791	411	55	ordinary	ordinary	ADJ
taxlaw-2791	411	56	income	income	NOUN
taxlaw-2791	411	57	from	from	ADP
taxlaw-2791	411	58	compensation	compensation	NOUN
taxlaw-2791	411	59	.	.	PUNCT
taxlaw-2791	412	1	rather	rather	ADV
taxlaw-2791	412	2	than	than	SCONJ
taxlaw-2791	412	3	address	address	VERB
taxlaw-2791	412	4	joint	joint	ADJ
taxlaw-2791	412	5	-	-	PUNCT
taxlaw-2791	412	6	tax	tax	NOUN
taxlaw-2791	412	7	minimization	minimization	NOUN
taxlaw-2791	412	8	by	by	ADP
taxlaw-2791	412	9	reallocating	reallocate	VERB
taxlaw-2791	412	10	income	income	NOUN
taxlaw-2791	412	11	between	between	ADP
taxlaw-2791	412	12	service	service	NOUN
taxlaw-2791	412	13	providers	provider	NOUN
taxlaw-2791	412	14	and	and	CCONJ
taxlaw-2791	412	15	investors	investor	NOUN
taxlaw-2791	412	16	,	,	PUNCT
taxlaw-2791	412	17	the	the	DET
taxlaw-2791	412	18	recharacterization	recharacterization	NOUN
taxlaw-2791	412	19	approach	approach	NOUN
taxlaw-2791	412	20	affects	affect	VERB
taxlaw-2791	412	21	the	the	DET
taxlaw-2791	412	22	treatment	treatment	NOUN
taxlaw-2791	412	23	of	of	ADP
taxlaw-2791	412	24	only	only	ADV
taxlaw-2791	412	25	one	one	NUM
taxlaw-2791	412	26	party	party	NOUN
taxlaw-2791	412	27	to	to	ADP
taxlaw-2791	412	28	the	the	DET
taxlaw-2791	412	29	transaction	transaction	NOUN
taxlaw-2791	412	30	.	.	PUNCT
taxlaw-2791	413	1	such	such	DET
taxlaw-2791	413	2	an	an	DET
taxlaw-2791	413	3	approach	approach	NOUN
taxlaw-2791	413	4	is	be	AUX
taxlaw-2791	413	5	theoretically	theoretically	ADV
taxlaw-2791	413	6	flawed	flawed	ADJ
taxlaw-2791	413	7	but	but	CCONJ
taxlaw-2791	413	8	arguably	arguably	ADV
taxlaw-2791	413	9	represents	represent	VERB
taxlaw-2791	413	10	an	an	DET
taxlaw-2791	413	11	appealing	appealing	ADJ
taxlaw-2791	413	12	political	political	ADJ
taxlaw-2791	413	13	compromise	compromise	NOUN
taxlaw-2791	413	14	:	:	PUNCT
taxlaw-2791	413	15	it	it	PRON
taxlaw-2791	413	16	preserves	preserve	VERB
taxlaw-2791	413	17	the	the	DET
taxlaw-2791	413	18	status	status	NOUN
taxlaw-2791	413	19	of	of	ADP
taxlaw-2791	413	20	a	a	DET
taxlaw-2791	413	21	service	service	NOUN
taxlaw-2791	413	22	provider	provider	NOUN
taxlaw-2791	413	23	as	as	ADP
taxlaw-2791	413	24	a	a	DET
taxlaw-2791	413	25	partner	partner	NOUN
taxlaw-2791	413	26	,	,	PUNCT
taxlaw-2791	413	27	suspends	suspend	VERB
taxlaw-2791	413	28	the	the	DET
taxlaw-2791	413	29	taxable	taxable	ADJ
taxlaw-2791	413	30	event	event	NOUN
taxlaw-2791	413	31	until	until	SCONJ
taxlaw-2791	413	32	profits	profit	NOUN
taxlaw-2791	413	33	are	be	AUX
taxlaw-2791	413	34	allocated	allocate	VERB
taxlaw-2791	413	35	to	to	ADP
taxlaw-2791	413	36	the	the	DET
taxlaw-2791	413	37	service	service	NOUN
taxlaw-2791	413	38	provider	provider	NOUN
taxlaw-2791	413	39	,	,	PUNCT
taxlaw-2791	413	40	and	and	CCONJ
taxlaw-2791	413	41	treats	treat	VERB
taxlaw-2791	413	42	investor	investor	NOUN
taxlaw-2791	413	43	partners	partner	NOUN
taxlaw-2791	413	44	no	no	ADV
taxlaw-2791	413	45	less	less	ADV
taxlaw-2791	413	46	favorably	favorably	ADV
taxlaw-2791	413	47	than	than	ADP
taxlaw-2791	413	48	under	under	ADP
taxlaw-2791	413	49	current	current	ADJ
taxlaw-2791	413	50	law.71	law.71	NOUN
taxlaw-2791	413	51	consistent	consistent	ADJ
taxlaw-2791	413	52	with	with	ADP
taxlaw-2791	413	53	the	the	DET
taxlaw-2791	413	54	“	"	PUNCT
taxlaw-2791	413	55	technical	technical	ADJ
taxlaw-2791	413	56	”	"	PUNCT
taxlaw-2791	413	57	recommendations	recommendation	NOUN
taxlaw-2791	413	58	of	of	ADP
taxlaw-2791	413	59	the	the	DET
taxlaw-2791	413	60	partnership	partnership	NOUN
taxlaw-2791	413	61	tax	tax	NOUN
taxlaw-2791	413	62	bar	bar	NOUN
taxlaw-2791	413	63	,	,	PUNCT
taxlaw-2791	413	64	the	the	DET
taxlaw-2791	413	65	levin	levin	PROPN
taxlaw-2791	413	66	bill	bill	PROPN
taxlaw-2791	413	67	amends	amend	VERB
taxlaw-2791	413	68	§	§	PROPN
taxlaw-2791	413	69	83	83	NUM
taxlaw-2791	413	70	to	to	PART
taxlaw-2791	413	71	provide	provide	VERB
taxlaw-2791	413	72	a	a	DET
taxlaw-2791	413	73	statutory	statutory	ADJ
taxlaw-2791	413	74	exception	exception	NOUN
taxlaw-2791	413	75	for	for	ADP
taxlaw-2791	413	76	profits	profit	NOUN
taxlaw-2791	413	77	interests	interest	NOUN
taxlaw-2791	413	78	(	(	PUNCT
taxlaw-2791	413	79	the	the	DET
taxlaw-2791	413	80	zero	zero	NUM
taxlaw-2791	413	81	-	-	PUNCT
taxlaw-2791	413	82	value	value	NOUN
taxlaw-2791	413	83	approach	approach	NOUN
taxlaw-2791	413	84	)	)	PUNCT
taxlaw-2791	413	85	,	,	PUNCT
taxlaw-2791	413	86	offering	offer	VERB
taxlaw-2791	413	87	an	an	DET
taxlaw-2791	413	88	unwarranted	unwarranted	ADJ
taxlaw-2791	413	89	valuation	valuation	NOUN
taxlaw-2791	413	90	subsidy	subsidy	NOUN
taxlaw-2791	413	91	for	for	ADP
taxlaw-2791	413	92	valuable	valuable	ADJ
taxlaw-2791	413	93	profits	profit	NOUN
taxlaw-2791	413	94	interests	interest	NOUN
taxlaw-2791	413	95	.	.	PUNCT
taxlaw-2791	414	1	section	section	NOUN
taxlaw-2791	414	2	710	710	NUM
taxlaw-2791	414	3	would	would	AUX
taxlaw-2791	414	4	be	be	AUX
taxlaw-2791	414	5	both	both	ADV
taxlaw-2791	414	6	complex	complex	ADJ
taxlaw-2791	414	7	and	and	CCONJ
taxlaw-2791	414	8	easily	easily	ADV
taxlaw-2791	414	9	avoidable	avoidable	ADJ
taxlaw-2791	414	10	:	:	PUNCT
taxlaw-2791	414	11	tax	tax	NOUN
taxlaw-2791	414	12	-	-	PUNCT
taxlaw-2791	414	13	exempt	exempt	ADJ
taxlaw-2791	414	14	investors	investor	NOUN
taxlaw-2791	414	15	and	and	CCONJ
taxlaw-2791	414	16	service	service	NOUN
taxlaw-2791	414	17	providers	provider	NOUN
taxlaw-2791	414	18	would	would	AUX
taxlaw-2791	414	19	have	have	VERB
taxlaw-2791	414	20	a	a	DET
taxlaw-2791	414	21	joint	joint	ADJ
taxlaw-2791	414	22	-	-	PUNCT
taxlaw-2791	414	23	tax	tax	NOUN
taxlaw-2791	414	24	incentive	incentive	NOUN
taxlaw-2791	414	25	to	to	PART
taxlaw-2791	414	26	opt	opt	VERB
taxlaw-2791	414	27	out	out	ADP
taxlaw-2791	414	28	of	of	ADP
taxlaw-2791	414	29	§	§	PROPN
taxlaw-2791	414	30	710	710	NUM
taxlaw-2791	414	31	by	by	ADP
taxlaw-2791	414	32	restructuring	restructure	VERB
taxlaw-2791	414	33	a	a	DET
taxlaw-2791	414	34	profits	profit	NOUN
taxlaw-2791	414	35	interest	interest	NOUN
taxlaw-2791	414	36	as	as	ADP
taxlaw-2791	414	37	an	an	DET
taxlaw-2791	414	38	economically	economically	ADV
taxlaw-2791	414	39	equivalent	equivalent	ADJ
taxlaw-2791	414	40	option	option	NOUN
taxlaw-2791	414	41	to	to	PART
taxlaw-2791	414	42	achieve	achieve	VERB
taxlaw-2791	414	43	yield	yield	NOUN
taxlaw-2791	414	44	exemption	exemption	NOUN
taxlaw-2791	414	45	and	and	CCONJ
taxlaw-2791	414	46	longer	long	ADJ
taxlaw-2791	414	47	deferral	deferral	ADJ
taxlaw-2791	414	48	.	.	PUNCT
taxlaw-2791	415	1	a.	a.	NOUN
taxlaw-2791	415	2	ordinary	ordinary	ADJ
taxlaw-2791	415	3	income	income	NOUN
taxlaw-2791	415	4	treatment	treatment	NOUN
taxlaw-2791	415	5	in	in	ADP
taxlaw-2791	415	6	the	the	DET
taxlaw-2791	415	7	reductionist	reductionist	ADJ
taxlaw-2791	415	8	version	version	NOUN
taxlaw-2791	415	9	of	of	ADP
taxlaw-2791	415	10	the	the	DET
taxlaw-2791	415	11	story	story	NOUN
taxlaw-2791	415	12	told	tell	VERB
taxlaw-2791	415	13	to	to	ADP
taxlaw-2791	415	14	congress	congress	PROPN
taxlaw-2791	415	15	,	,	PUNCT
taxlaw-2791	415	16	the	the	DET
taxlaw-2791	415	17	undertaxation	undertaxation	NOUN
taxlaw-2791	415	18	of	of	ADP
taxlaw-2791	415	19	gp	gp	NOUN
taxlaw-2791	415	20	—	—	PUNCT
taxlaw-2791	415	21	who	who	PRON
taxlaw-2791	415	22	earns	earn	VERB
taxlaw-2791	415	23	compensation	compensation	NOUN
taxlaw-2791	415	24	for	for	ADP
taxlaw-2791	415	25	services	service	NOUN
taxlaw-2791	415	26	but	but	CCONJ
taxlaw-2791	415	27	is	be	AUX
taxlaw-2791	415	28	taxed	tax	VERB
taxlaw-2791	415	29	at	at	ADP
taxlaw-2791	415	30	the	the	DET
taxlaw-2791	415	31	capital	capital	NOUN
taxlaw-2791	415	32	gains	gain	NOUN
taxlaw-2791	415	33	rate	rate	NOUN
taxlaw-2791	415	34	—	—	PUNCT
taxlaw-2791	415	35	creates	create	VERB
taxlaw-2791	415	36	a	a	DET
taxlaw-2791	415	37	fundamental	fundamental	ADJ
taxlaw-2791	415	38	problem	problem	NOUN
taxlaw-2791	415	39	of	of	ADP
taxlaw-2791	415	40	distributive	distributive	ADJ
taxlaw-2791	415	41	justice.72	justice.72	NOUN
taxlaw-2791	415	42	such	such	ADJ
taxlaw-2791	415	43	undertaxation	undertaxation	NOUN
taxlaw-2791	415	44	is	be	AUX
taxlaw-2791	415	45	attributable	attributable	ADJ
taxlaw-2791	415	46	to	to	ADP
taxlaw-2791	415	47	a	a	DET
taxlaw-2791	415	48	“	"	PUNCT
taxlaw-2791	415	49	quirk	quirk	NOUN
taxlaw-2791	415	50	”	"	PUNCT
taxlaw-2791	415	51	of	of	ADP
taxlaw-2791	415	52	partnership	partnership	NOUN
taxlaw-2791	415	53	tax	tax	NOUN
taxlaw-2791	415	54	law	law	NOUN
taxlaw-2791	415	55	that	that	PRON
taxlaw-2791	415	56	treats	treat	VERB
taxlaw-2791	415	57	receipt	receipt	NOUN
taxlaw-2791	415	58	of	of	ADP
taxlaw-2791	415	59	a	a	DET
taxlaw-2791	415	60	profits	profit	NOUN
taxlaw-2791	415	61	interest	interest	NOUN
taxlaw-2791	415	62	as	as	ADP
taxlaw-2791	415	63	nontaxable	nontaxable	ADJ
taxlaw-2791	415	64	,	,	PUNCT
taxlaw-2791	415	65	thereby	thereby	ADV
taxlaw-2791	415	66	allowing	allow	VERB
taxlaw-2791	415	67	deferral	deferral	ADJ
taxlaw-2791	415	68	and	and	CCONJ
taxlaw-2791	415	69	conversion.73	conversion.73	NOUN
taxlaw-2791	415	70	rather	rather	ADV
taxlaw-2791	415	71	than	than	ADP
taxlaw-2791	415	72	challenge	challenge	VERB
taxlaw-2791	415	73	the	the	DET
taxlaw-2791	415	74	partner	partner	NOUN
taxlaw-2791	415	75	status	status	NOUN
taxlaw-2791	415	76	of	of	ADP
taxlaw-2791	415	77	a	a	DET
taxlaw-2791	415	78	service	service	NOUN
taxlaw-2791	415	79	provider	provider	NOUN
taxlaw-2791	415	80	who	who	PRON
taxlaw-2791	415	81	holds	hold	VERB
taxlaw-2791	415	82	an	an	DET
taxlaw-2791	415	83	option	option	NOUN
taxlaw-2791	415	84	-	-	PUNCT
taxlaw-2791	415	85	like	like	ADJ
taxlaw-2791	415	86	interest	interest	NOUN
taxlaw-2791	415	87	,	,	PUNCT
taxlaw-2791	415	88	reformers	reformer	NOUN
taxlaw-2791	415	89	focused	focus	VERB
taxlaw-2791	415	90	narrowly	narrowly	ADV
taxlaw-2791	415	91	on	on	ADP
taxlaw-2791	415	92	the	the	DET
taxlaw-2791	415	93	characterization	characterization	NOUN
taxlaw-2791	415	94	rule	rule	NOUN
taxlaw-2791	415	95	of	of	ADP
taxlaw-2791	415	96	§	§	PROPN
taxlaw-2791	415	97	702(b	702(b	PROPN
taxlaw-2791	415	98	)	)	PUNCT
taxlaw-2791	415	99	.	.	PUNCT
taxlaw-2791	416	1	under	under	ADP
taxlaw-2791	416	2	that	that	DET
taxlaw-2791	416	3	rule	rule	NOUN
taxlaw-2791	416	4	,	,	PUNCT
taxlaw-2791	416	5	the	the	DET
taxlaw-2791	416	6	character	character	NOUN
taxlaw-2791	416	7	of	of	ADP
taxlaw-2791	416	8	income	income	NOUN
taxlaw-2791	416	9	in	in	ADP
taxlaw-2791	416	10	the	the	DET
taxlaw-2791	416	11	hands	hand	NOUN
taxlaw-2791	416	12	of	of	ADP
taxlaw-2791	416	13	the	the	DET
taxlaw-2791	416	14	partnership	partnership	NOUN
taxlaw-2791	416	15	determines	determine	VERB
taxlaw-2791	416	16	the	the	DET
taxlaw-2791	416	17	character	character	NOUN
taxlaw-2791	416	18	71	71	NUM
taxlaw-2791	416	19	.	.	PUNCT
taxlaw-2791	417	1	see	see	VERB
taxlaw-2791	417	2	nysba	nysba	PROPN
taxlaw-2791	417	3	report	report	NOUN
taxlaw-2791	417	4	,	,	PUNCT
taxlaw-2791	417	5	supra	supra	PROPN
taxlaw-2791	417	6	note	note	PROPN
taxlaw-2791	417	7	11	11	NUM
taxlaw-2791	417	8	,	,	PUNCT
taxlaw-2791	417	9	at	at	ADP
taxlaw-2791	417	10	14	14	NUM
taxlaw-2791	417	11	.	.	PUNCT
taxlaw-2791	418	1	72	72	NUM
taxlaw-2791	418	2	.	.	PUNCT
taxlaw-2791	419	1	see	see	VERB
taxlaw-2791	419	2	house	house	PROPN
taxlaw-2791	419	3	hearing	hearing	NOUN
taxlaw-2791	419	4	,	,	PUNCT
taxlaw-2791	419	5	supra	supra	PROPN
taxlaw-2791	419	6	note	note	NOUN
taxlaw-2791	419	7	1	1	NUM
taxlaw-2791	419	8	(	(	PUNCT
taxlaw-2791	419	9	statement	statement	NOUN
taxlaw-2791	419	10	of	of	ADP
taxlaw-2791	419	11	victor	victor	PROPN
taxlaw-2791	419	12	fleischer	fleischer	PROPN
taxlaw-2791	419	13	,	,	PUNCT
taxlaw-2791	419	14	sept	sept	PROPN
taxlaw-2791	419	15	.	.	PROPN
taxlaw-2791	419	16	6	6	NUM
taxlaw-2791	419	17	,	,	PUNCT
taxlaw-2791	419	18	2007	2007	NUM
taxlaw-2791	419	19	,	,	PUNCT
taxlaw-2791	419	20	at	at	ADP
taxlaw-2791	419	21	4	4	NUM
taxlaw-2791	419	22	)	)	PUNCT
taxlaw-2791	419	23	(	(	PUNCT
taxlaw-2791	419	24	to	to	ADP
taxlaw-2791	419	25	some	some	PRON
taxlaw-2791	419	26	,	,	PUNCT
taxlaw-2791	419	27	“	"	PUNCT
taxlaw-2791	419	28	the	the	DET
taxlaw-2791	419	29	most	most	ADV
taxlaw-2791	419	30	compelling	compelling	ADJ
taxlaw-2791	419	31	point	point	NOUN
taxlaw-2791	419	32	is	be	AUX
taxlaw-2791	419	33	simply	simply	ADV
taxlaw-2791	419	34	one	one	NUM
taxlaw-2791	419	35	of	of	ADP
taxlaw-2791	419	36	distributive	distributive	ADJ
taxlaw-2791	419	37	justice	justice	NOUN
taxlaw-2791	419	38	.	.	PUNCT
taxlaw-2791	419	39	”	"	PUNCT
taxlaw-2791	419	40	)	)	PUNCT
taxlaw-2791	419	41	.	.	PUNCT
taxlaw-2791	420	1	while	while	SCONJ
taxlaw-2791	420	2	the	the	DET
taxlaw-2791	420	3	proposed	propose	VERB
taxlaw-2791	420	4	legislation	legislation	NOUN
taxlaw-2791	420	5	might	might	AUX
taxlaw-2791	420	6	offer	offer	VERB
taxlaw-2791	420	7	fresh	fresh	ADJ
taxlaw-2791	420	8	opportunities	opportunity	NOUN
taxlaw-2791	420	9	for	for	ADP
taxlaw-2791	420	10	gamesmanship	gamesmanship	NOUN
taxlaw-2791	420	11	,	,	PUNCT
taxlaw-2791	420	12	such	such	ADJ
taxlaw-2791	420	13	challenges	challenge	NOUN
taxlaw-2791	420	14	were	be	AUX
taxlaw-2791	420	15	viewed	view	VERB
taxlaw-2791	420	16	as	as	ADP
taxlaw-2791	420	17	surmountable	surmountable	ADJ
taxlaw-2791	420	18	.	.	PUNCT
taxlaw-2791	421	1	i	i	PRON
taxlaw-2791	421	2	d.	d.	PROPN
taxlaw-2791	421	3	at	at	ADP
taxlaw-2791	421	4	7	7	NUM
taxlaw-2791	421	5	(	(	PUNCT
taxlaw-2791	421	6	“	"	PUNCT
taxlaw-2791	421	7	[	[	X
taxlaw-2791	421	8	t]hese	t]hese	ADJ
taxlaw-2791	421	9	details	detail	NOUN
taxlaw-2791	421	10	can	can	AUX
taxlaw-2791	421	11	be	be	AUX
taxlaw-2791	421	12	ironed	iron	VERB
taxlaw-2791	421	13	out	out	ADP
taxlaw-2791	421	14	,	,	PUNCT
taxlaw-2791	421	15	and	and	CCONJ
taxlaw-2791	421	16	we	we	PRON
taxlaw-2791	421	17	should	should	AUX
taxlaw-2791	421	18	not	not	PART
taxlaw-2791	421	19	let	let	VERB
taxlaw-2791	421	20	the	the	DET
taxlaw-2791	421	21	private	private	ADJ
taxlaw-2791	421	22	equity	equity	NOUN
taxlaw-2791	421	23	industry	industry	NOUN
taxlaw-2791	421	24	’s	’s	PART
taxlaw-2791	421	25	threat	threat	NOUN
taxlaw-2791	421	26	of	of	ADP
taxlaw-2791	421	27	further	further	ADJ
taxlaw-2791	421	28	gamesmanship	gamesmanship	NOUN
taxlaw-2791	421	29	justify	justify	VERB
taxlaw-2791	421	30	inequities	inequity	NOUN
taxlaw-2791	421	31	and	and	CCONJ
taxlaw-2791	421	32	inefficiencies	inefficiency	NOUN
taxlaw-2791	421	33	in	in	ADP
taxlaw-2791	421	34	the	the	DET
taxlaw-2791	421	35	current	current	ADJ
taxlaw-2791	421	36	law	law	NOUN
taxlaw-2791	421	37	.	.	PUNCT
taxlaw-2791	421	38	”	"	PUNCT
taxlaw-2791	421	39	)	)	PUNCT
taxlaw-2791	421	40	.	.	PUNCT
taxlaw-2791	422	1	73	73	NUM
taxlaw-2791	422	2	.	.	PUNCT
taxlaw-2791	423	1	fleischer	fleischer	PROPN
taxlaw-2791	423	2	,	,	PUNCT
taxlaw-2791	423	3	supra	supra	PROPN
taxlaw-2791	423	4	note	note	NOUN
taxlaw-2791	423	5	2	2	NUM
taxlaw-2791	423	6	,	,	PUNCT
taxlaw-2791	423	7	at	at	ADP
taxlaw-2791	423	8	5	5	NUM
taxlaw-2791	423	9	(	(	PUNCT
taxlaw-2791	423	10	describing	describe	VERB
taxlaw-2791	423	11	the	the	DET
taxlaw-2791	423	12	“	"	PUNCT
taxlaw-2791	423	13	quirk	quirk	NOUN
taxlaw-2791	423	14	in	in	ADP
taxlaw-2791	423	15	the	the	DET
taxlaw-2791	423	16	partnership	partnership	NOUN
taxlaw-2791	423	17	tax	tax	NOUN
taxlaw-2791	423	18	rules	rule	NOUN
taxlaw-2791	423	19	[	[	PUNCT
taxlaw-2791	423	20	that	that	PRON
taxlaw-2791	423	21	]	]	PUNCT
taxlaw-2791	423	22	allows	allow	VERB
taxlaw-2791	423	23	some	some	PRON
taxlaw-2791	423	24	of	of	ADP
taxlaw-2791	423	25	the	the	DET
taxlaw-2791	423	26	richest	rich	ADJ
taxlaw-2791	423	27	workers	worker	NOUN
taxlaw-2791	423	28	in	in	ADP
taxlaw-2791	423	29	the	the	DET
taxlaw-2791	423	30	country	country	NOUN
taxlaw-2791	423	31	to	to	PART
taxlaw-2791	423	32	pay	pay	VERB
taxlaw-2791	423	33	tax	tax	NOUN
taxlaw-2791	423	34	on	on	ADP
taxlaw-2791	423	35	their	their	PRON
taxlaw-2791	423	36	labor	labor	NOUN
taxlaw-2791	423	37	income	income	NOUN
taxlaw-2791	423	38	at	at	ADP
taxlaw-2791	423	39	a	a	DET
taxlaw-2791	423	40	low	low	ADJ
taxlaw-2791	423	41	effective	effective	ADJ
taxlaw-2791	423	42	rate	rate	NOUN
taxlaw-2791	423	43	”	"	PUNCT
taxlaw-2791	423	44	)	)	PUNCT
taxlaw-2791	423	45	.	.	PUNCT
taxlaw-2791	424	1	20	20	NUM
taxlaw-2791	424	2	columbia	columbia	PROPN
taxlaw-2791	424	3	jour	jour	PROPN
taxlaw-2791	424	4	�	�	PROPN
taxlaw-2791	424	5	al	al	PROPN
taxlaw-2791	424	6	of	of	ADP
taxlaw-2791	424	7	tax	tax	NOUN
taxlaw-2791	424	8	law	law	NOUN
taxlaw-2791	425	1	[	[	X
taxlaw-2791	425	2	vol	vol	NOUN
taxlaw-2791	425	3	.	.	PUNCT
taxlaw-2791	425	4	1:1	1:1	NUM
taxlaw-2791	425	5	of	of	ADP
taxlaw-2791	425	6	the	the	DET
taxlaw-2791	425	7	income	income	NOUN
taxlaw-2791	425	8	in	in	ADP
taxlaw-2791	425	9	the	the	DET
taxlaw-2791	425	10	hands	hand	NOUN
taxlaw-2791	425	11	of	of	ADP
taxlaw-2791	425	12	the	the	DET
taxlaw-2791	425	13	partner	partner	NOUN
taxlaw-2791	425	14	.	.	PUNCT
taxlaw-2791	426	1	indeed	indeed	ADV
taxlaw-2791	426	2	,	,	PUNCT
taxlaw-2791	426	3	such	such	ADJ
taxlaw-2791	426	4	“	"	PUNCT
taxlaw-2791	426	5	conduit	conduit	NOUN
taxlaw-2791	426	6	”	"	PUNCT
taxlaw-2791	426	7	treatment	treatment	NOUN
taxlaw-2791	426	8	has	have	AUX
taxlaw-2791	426	9	long	long	ADV
taxlaw-2791	426	10	been	be	AUX
taxlaw-2791	426	11	perceived	perceive	VERB
taxlaw-2791	426	12	to	to	PART
taxlaw-2791	426	13	be	be	AUX
taxlaw-2791	426	14	at	at	ADP
taxlaw-2791	426	15	the	the	DET
taxlaw-2791	426	16	heart	heart	NOUN
taxlaw-2791	426	17	of	of	ADP
taxlaw-2791	426	18	the	the	DET
taxlaw-2791	426	19	partnership	partnership	NOUN
taxlaw-2791	426	20	tax	tax	NOUN
taxlaw-2791	426	21	rules.74	rules.74	VERB
taxlaw-2791	426	22	faulting	fault	VERB
taxlaw-2791	426	23	the	the	DET
taxlaw-2791	426	24	conduit	conduit	NOUN
taxlaw-2791	426	25	rule	rule	NOUN
taxlaw-2791	426	26	as	as	ADP
taxlaw-2791	426	27	the	the	DET
taxlaw-2791	426	28	source	source	NOUN
taxlaw-2791	426	29	of	of	ADP
taxlaw-2791	426	30	capital	capital	NOUN
taxlaw-2791	426	31	-	-	PUNCT
taxlaw-2791	426	32	gain	gain	NOUN
taxlaw-2791	426	33	conversion	conversion	NOUN
taxlaw-2791	426	34	,	,	PUNCT
taxlaw-2791	426	35	reformers	reformer	NOUN
taxlaw-2791	426	36	proposed	propose	VERB
taxlaw-2791	426	37	a	a	DET
taxlaw-2791	426	38	simple	simple	ADJ
taxlaw-2791	426	39	solution	solution	NOUN
taxlaw-2791	426	40	to	to	PART
taxlaw-2791	426	41	redress	redress	VERB
taxlaw-2791	426	42	a	a	DET
taxlaw-2791	426	43	serious	serious	ADJ
taxlaw-2791	426	44	inequity	inequity	NOUN
taxlaw-2791	426	45	:	:	PUNCT
taxlaw-2791	426	46	recharacterize	recharacterize	NOUN
taxlaw-2791	426	47	income	income	NOUN
taxlaw-2791	426	48	passed	pass	VERB
taxlaw-2791	426	49	through	through	ADP
taxlaw-2791	426	50	to	to	PART
taxlaw-2791	426	51	gp	gp	NOUN
taxlaw-2791	426	52	as	as	ADP
taxlaw-2791	426	53	ordinary	ordinary	ADJ
taxlaw-2791	426	54	income.75	income.75	ADJ
taxlaw-2791	426	55	consistent	consistent	ADJ
taxlaw-2791	426	56	with	with	ADP
taxlaw-2791	426	57	this	this	DET
taxlaw-2791	426	58	solution	solution	NOUN
taxlaw-2791	426	59	,	,	PUNCT
taxlaw-2791	426	60	§	§	PROPN
taxlaw-2791	426	61	710	710	NUM
taxlaw-2791	426	62	overrides	override	VERB
taxlaw-2791	426	63	the	the	DET
taxlaw-2791	426	64	long	long	ADV
taxlaw-2791	426	65	-	-	PUNCT
taxlaw-2791	426	66	standing	stand	VERB
taxlaw-2791	426	67	character	character	NOUN
taxlaw-2791	426	68	flow	flow	NOUN
taxlaw-2791	426	69	-	-	PUNCT
taxlaw-2791	426	70	through	through	ADP
taxlaw-2791	426	71	rule	rule	NOUN
taxlaw-2791	426	72	under	under	ADP
taxlaw-2791	426	73	§	§	PROPN
taxlaw-2791	426	74	702	702	NUM
taxlaw-2791	426	75	and	and	CCONJ
taxlaw-2791	426	76	treats	treat	VERB
taxlaw-2791	426	77	disproportionate	disproportionate	ADJ
taxlaw-2791	426	78	allocations	allocation	NOUN
taxlaw-2791	426	79	to	to	PART
taxlaw-2791	426	80	gp	gp	VERB
taxlaw-2791	426	81	as	as	ADP
taxlaw-2791	426	82	ordinary	ordinary	ADJ
taxlaw-2791	426	83	income	income	NOUN
taxlaw-2791	426	84	(	(	PUNCT
taxlaw-2791	426	85	or	or	CCONJ
taxlaw-2791	426	86	loss).76	loss).76	PROPN
taxlaw-2791	426	87	simply	simply	ADV
taxlaw-2791	426	88	stated	state	VERB
taxlaw-2791	426	89	,	,	PUNCT
taxlaw-2791	426	90	the	the	DET
taxlaw-2791	426	91	net	net	ADJ
taxlaw-2791	426	92	effect	effect	NOUN
taxlaw-2791	426	93	is	be	AUX
taxlaw-2791	426	94	to	to	PART
taxlaw-2791	426	95	increase	increase	VERB
taxlaw-2791	426	96	the	the	DET
taxlaw-2791	426	97	tax	tax	NOUN
taxlaw-2791	426	98	rate	rate	NOUN
taxlaw-2791	426	99	on	on	ADP
taxlaw-2791	426	100	gp	gp	NOUN
taxlaw-2791	426	101	’s	’s	PART
taxlaw-2791	426	102	implicit	implicit	ADJ
taxlaw-2791	426	103	salary	salary	NOUN
taxlaw-2791	426	104	from	from	ADP
taxlaw-2791	426	105	15	15	NUM
taxlaw-2791	426	106	%	%	NOUN
taxlaw-2791	426	107	to	to	PART
taxlaw-2791	426	108	35	35	NUM
taxlaw-2791	426	109	%	%	NOUN
taxlaw-2791	426	110	,	,	PUNCT
taxlaw-2791	426	111	without	without	ADP
taxlaw-2791	426	112	altering	alter	VERB
taxlaw-2791	426	113	the	the	DET
taxlaw-2791	426	114	tax	tax	NOUN
taxlaw-2791	426	115	consequences	consequence	NOUN
taxlaw-2791	426	116	to	to	PART
taxlaw-2791	426	117	lp.77	lp.77	VERB
taxlaw-2791	426	118	the	the	DET
taxlaw-2791	426	119	tradeoff	tradeoff	NOUN
taxlaw-2791	426	120	for	for	ADP
taxlaw-2791	426	121	increasing	increase	VERB
taxlaw-2791	426	122	the	the	DET
taxlaw-2791	426	123	tax	tax	NOUN
taxlaw-2791	426	124	rate	rate	NOUN
taxlaw-2791	426	125	on	on	ADP
taxlaw-2791	426	126	gp	gp	NOUN
taxlaw-2791	426	127	is	be	AUX
taxlaw-2791	426	128	preserving	preserve	VERB
taxlaw-2791	426	129	intact	intact	ADJ
taxlaw-2791	426	130	the	the	DET
taxlaw-2791	426	131	existing	exist	VERB
taxlaw-2791	426	132	favorable	favorable	ADJ
taxlaw-2791	426	133	treatment	treatment	NOUN
taxlaw-2791	426	134	of	of	ADP
taxlaw-2791	426	135	lp.78	lp.78	PROPN
taxlaw-2791	426	136	proposed	propose	VERB
taxlaw-2791	426	137	§	§	NOUN
taxlaw-2791	426	138	710	710	NUM
taxlaw-2791	426	139	exempts	exempt	NOUN
taxlaw-2791	426	140	from	from	ADP
taxlaw-2791	426	141	ordinary	ordinary	ADJ
taxlaw-2791	426	142	income	income	NOUN
taxlaw-2791	426	143	treatment	treatment	NOUN
taxlaw-2791	426	144	an	an	DET
taxlaw-2791	426	145	allocation	allocation	NOUN
taxlaw-2791	426	146	that	that	PRON
taxlaw-2791	426	147	reflects	reflect	VERB
taxlaw-2791	426	148	a	a	DET
taxlaw-2791	426	149	reasonable	reasonable	ADJ
taxlaw-2791	426	150	return	return	NOUN
taxlaw-2791	426	151	on	on	ADP
taxlaw-2791	426	152	a	a	DET
taxlaw-2791	426	153	service	service	NOUN
taxlaw-2791	426	154	partner	partner	NOUN
taxlaw-2791	426	155	’s	’s	PART
taxlaw-2791	426	156	“	"	PUNCT
taxlaw-2791	426	157	qualified	qualified	ADJ
taxlaw-2791	426	158	capital	capital	NOUN
taxlaw-2791	426	159	interest	interest	NOUN
taxlaw-2791	426	160	.	.	PUNCT
taxlaw-2791	427	1	”79	”79	PROPN
taxlaw-2791	427	2	qualified	qualified	ADJ
taxlaw-2791	427	3	capital	capital	NOUN
taxlaw-2791	427	4	consists	consist	VERB
taxlaw-2791	427	5	initially	initially	ADV
taxlaw-2791	427	6	of	of	ADP
taxlaw-2791	427	7	the	the	DET
taxlaw-2791	427	8	amount	amount	NOUN
taxlaw-2791	427	9	of	of	ADP
taxlaw-2791	427	10	money	money	NOUN
taxlaw-2791	427	11	,	,	PUNCT
taxlaw-2791	427	12	the	the	DET
taxlaw-2791	427	13	fair	fair	ADJ
taxlaw-2791	427	14	market	market	NOUN
taxlaw-2791	427	15	value	value	NOUN
taxlaw-2791	427	16	of	of	ADP
taxlaw-2791	427	17	any	any	DET
taxlaw-2791	427	18	property	property	NOUN
taxlaw-2791	427	19	contributed	contribute	VERB
taxlaw-2791	427	20	to	to	ADP
taxlaw-2791	427	21	the	the	DET
taxlaw-2791	427	22	partnership	partnership	NOUN
taxlaw-2791	427	23	,	,	PUNCT
taxlaw-2791	427	24	and	and	CCONJ
taxlaw-2791	427	25	the	the	DET
taxlaw-2791	427	26	amount	amount	NOUN
taxlaw-2791	427	27	(	(	PUNCT
taxlaw-2791	427	28	if	if	SCONJ
taxlaw-2791	427	29	any	any	PRON
taxlaw-2791	427	30	)	)	PUNCT
taxlaw-2791	427	31	taxed	tax	VERB
taxlaw-2791	427	32	to	to	ADP
taxlaw-2791	427	33	the	the	DET
taxlaw-2791	427	34	service	service	NOUN
taxlaw-2791	427	35	partner	partner	NOUN
taxlaw-2791	427	36	upon	upon	SCONJ
taxlaw-2791	427	37	receipt	receipt	NOUN
taxlaw-2791	427	38	of	of	ADP
taxlaw-2791	427	39	a	a	DET
taxlaw-2791	427	40	profits	profit	NOUN
taxlaw-2791	427	41	interest.80	interest.80	NOUN
taxlaw-2791	427	42	upward	upward	ADV
taxlaw-2791	427	43	(	(	PUNCT
taxlaw-2791	427	44	or	or	CCONJ
taxlaw-2791	427	45	downward	downward	ADJ
taxlaw-2791	427	46	)	)	PUNCT
taxlaw-2791	427	47	adjustments	adjustment	NOUN
taxlaw-2791	427	48	must	must	AUX
taxlaw-2791	427	49	be	be	AUX
taxlaw-2791	427	50	made	make	VERB
taxlaw-2791	427	51	to	to	ADP
taxlaw-2791	427	52	a	a	DET
taxlaw-2791	427	53	service	service	NOUN
taxlaw-2791	427	54	partner	partner	NOUN
taxlaw-2791	427	55	’s	’s	PART
taxlaw-2791	427	56	share	share	NOUN
taxlaw-2791	427	57	of	of	ADP
taxlaw-2791	427	58	qualified	qualified	ADJ
taxlaw-2791	427	59	capital	capital	NOUN
taxlaw-2791	427	60	to	to	PART
taxlaw-2791	427	61	reflect	reflect	VERB
taxlaw-2791	427	62	net	net	ADJ
taxlaw-2791	427	63	income	income	NOUN
taxlaw-2791	427	64	(	(	PUNCT
taxlaw-2791	427	65	or	or	CCONJ
taxlaw-2791	427	66	net	net	ADJ
taxlaw-2791	427	67	loss	loss	NOUN
taxlaw-2791	427	68	)	)	PUNCT
taxlaw-2791	427	69	as	as	ADV
taxlaw-2791	427	70	well	well	ADV
taxlaw-2791	427	71	74	74	NUM
taxlaw-2791	427	72	.	.	PUNCT
taxlaw-2791	428	1	see	see	VERB
taxlaw-2791	428	2	george	george	PROPN
taxlaw-2791	428	3	k.	k.	PROPN
taxlaw-2791	428	4	yin	yin	PROPN
taxlaw-2791	428	5	&	&	CCONJ
taxlaw-2791	428	6	karen	karen	PROPN
taxlaw-2791	428	7	c.	c.	PROPN
taxlaw-2791	428	8	burke	burke	PROPN
taxlaw-2791	428	9	,	,	PUNCT
taxlaw-2791	428	10	partnership	partnership	NOUN
taxlaw-2791	428	11	taxation	taxation	NOUN
taxlaw-2791	428	12	47	47	NUM
taxlaw-2791	428	13	(	(	PUNCT
taxlaw-2791	428	14	2009	2009	NUM
taxlaw-2791	428	15	)	)	PUNCT
taxlaw-2791	428	16	(	(	PUNCT
taxlaw-2791	428	17	noting	note	VERB
taxlaw-2791	428	18	that	that	SCONJ
taxlaw-2791	428	19	courts	court	NOUN
taxlaw-2791	428	20	refer	refer	VERB
taxlaw-2791	428	21	to	to	ADP
taxlaw-2791	428	22	§	§	PROPN
taxlaw-2791	428	23	702(b	702(b	PROPN
taxlaw-2791	428	24	)	)	PUNCT
taxlaw-2791	428	25	as	as	ADP
taxlaw-2791	428	26	the	the	DET
taxlaw-2791	428	27	“	"	PUNCT
taxlaw-2791	428	28	conduit	conduit	NOUN
taxlaw-2791	428	29	rule	rule	NOUN
taxlaw-2791	428	30	”	"	PUNCT
taxlaw-2791	428	31	)	)	PUNCT
taxlaw-2791	428	32	.	.	PUNCT
taxlaw-2791	429	1	75	75	NUM
taxlaw-2791	429	2	.	.	PUNCT
taxlaw-2791	430	1	see	see	VERB
taxlaw-2791	430	2	fleischer	fleischer	PROPN
taxlaw-2791	430	3	,	,	PUNCT
taxlaw-2791	430	4	supra	supra	PROPN
taxlaw-2791	430	5	note	note	NOUN
taxlaw-2791	430	6	2	2	NUM
taxlaw-2791	430	7	,	,	PUNCT
taxlaw-2791	430	8	at	at	ADP
taxlaw-2791	430	9	51	51	NUM
taxlaw-2791	430	10	(	(	PUNCT
taxlaw-2791	430	11	referring	refer	VERB
taxlaw-2791	430	12	to	to	ADP
taxlaw-2791	430	13	“	"	PUNCT
taxlaw-2791	430	14	ordinary	ordinary	ADJ
taxlaw-2791	430	15	-	-	PUNCT
taxlaw-2791	430	16	income	income	NOUN
taxlaw-2791	430	17	method	method	NOUN
taxlaw-2791	430	18	”	"	PUNCT
taxlaw-2791	430	19	)	)	PUNCT
taxlaw-2791	430	20	;	;	PUNCT
taxlaw-2791	430	21	senate	senate	PROPN
taxlaw-2791	430	22	hearings	hearing	NOUN
taxlaw-2791	430	23	,	,	PUNCT
taxlaw-2791	430	24	supra	supra	PROPN
taxlaw-2791	430	25	note	note	NOUN
taxlaw-2791	430	26	1	1	NUM
taxlaw-2791	430	27	(	(	PUNCT
taxlaw-2791	430	28	statement	statement	NOUN
taxlaw-2791	430	29	of	of	ADP
taxlaw-2791	430	30	mark	mark	PROPN
taxlaw-2791	430	31	p.	p.	PROPN
taxlaw-2791	430	32	gergen	gergen	PROPN
taxlaw-2791	430	33	,	,	PUNCT
taxlaw-2791	430	34	july	july	PROPN
taxlaw-2791	430	35	11	11	NUM
taxlaw-2791	430	36	,	,	PUNCT
taxlaw-2791	430	37	2007	2007	NUM
taxlaw-2791	430	38	)	)	PUNCT
taxlaw-2791	430	39	(	(	PUNCT
taxlaw-2791	430	40	“	"	PUNCT
taxlaw-2791	430	41	there	there	PRON
taxlaw-2791	430	42	is	be	VERB
taxlaw-2791	430	43	a	a	DET
taxlaw-2791	430	44	fairly	fairly	ADV
taxlaw-2791	430	45	simple	simple	ADJ
taxlaw-2791	430	46	solution	solution	NOUN
taxlaw-2791	430	47	to	to	ADP
taxlaw-2791	430	48	the	the	DET
taxlaw-2791	430	49	problem	problem	NOUN
taxlaw-2791	430	50	of	of	ADP
taxlaw-2791	430	51	the	the	DET
taxlaw-2791	430	52	taxation	taxation	NOUN
taxlaw-2791	430	53	of	of	ADP
taxlaw-2791	430	54	carried	carry	VERB
taxlaw-2791	430	55	interests	interest	NOUN
taxlaw-2791	430	56	.	.	PUNCT
taxlaw-2791	430	57	.	.	PUNCT
taxlaw-2791	430	58	.	.	PUNCT
taxlaw-2791	430	59	.	.	PUNCT
taxlaw-2791	431	1	the	the	DET
taxlaw-2791	431	2	capital	capital	NOUN
taxlaw-2791	431	3	accounts	account	NOUN
taxlaw-2791	431	4	system	system	NOUN
taxlaw-2791	431	5	.	.	PUNCT
taxlaw-2791	431	6	.	.	PUNCT
taxlaw-2791	431	7	.	.	PUNCT
taxlaw-2791	431	8	makes	make	VERB
taxlaw-2791	431	9	this	this	PRON
taxlaw-2791	431	10	fairly	fairly	ADV
taxlaw-2791	431	11	easy	easy	ADJ
taxlaw-2791	431	12	to	to	PART
taxlaw-2791	431	13	do	do	VERB
taxlaw-2791	431	14	.	.	PUNCT
taxlaw-2791	431	15	”	"	PUNCT
taxlaw-2791	431	16	)	)	PUNCT
taxlaw-2791	431	17	;	;	PUNCT
taxlaw-2791	431	18	i	i	PRON
taxlaw-2791	431	19	d.	d.	PROPN
taxlaw-2791	431	20	(	(	PUNCT
taxlaw-2791	431	21	“	"	PUNCT
taxlaw-2791	431	22	the	the	DET
taxlaw-2791	431	23	capital	capital	NOUN
taxlaw-2791	431	24	account	account	NOUN
taxlaw-2791	431	25	makes	make	VERB
taxlaw-2791	431	26	it	it	PRON
taxlaw-2791	431	27	possible	possible	ADJ
taxlaw-2791	431	28	to	to	PART
taxlaw-2791	431	29	identify	identify	VERB
taxlaw-2791	431	30	when	when	SCONJ
taxlaw-2791	431	31	a	a	DET
taxlaw-2791	431	32	distributive	distributive	ADJ
taxlaw-2791	431	33	share	share	NOUN
taxlaw-2791	431	34	is	be	AUX
taxlaw-2791	431	35	compensation	compensation	NOUN
taxlaw-2791	431	36	.	.	PUNCT
taxlaw-2791	431	37	”	"	PUNCT
taxlaw-2791	431	38	)	)	PUNCT
taxlaw-2791	431	39	.	.	PUNCT
taxlaw-2791	432	1	76	76	NUM
taxlaw-2791	432	2	.	.	PUNCT
taxlaw-2791	433	1	compare	compare	ADJ
taxlaw-2791	433	2	i.r.c	i.r.c	NOUN
taxlaw-2791	433	3	.	.	PUNCT
taxlaw-2791	434	1	§	§	PROPN
taxlaw-2791	434	2	702(b	702(b	PROPN
taxlaw-2791	434	3	)	)	PUNCT
taxlaw-2791	434	4	(	(	PUNCT
taxlaw-2791	434	5	2009	2009	NUM
taxlaw-2791	434	6	)	)	PUNCT
taxlaw-2791	434	7	(	(	PUNCT
taxlaw-2791	434	8	character	character	NOUN
taxlaw-2791	434	9	of	of	ADP
taxlaw-2791	434	10	any	any	DET
taxlaw-2791	434	11	item	item	NOUN
taxlaw-2791	434	12	included	include	VERB
taxlaw-2791	434	13	in	in	ADP
taxlaw-2791	434	14	partner	partner	NOUN
taxlaw-2791	434	15	’s	’s	PART
taxlaw-2791	434	16	distributive	distributive	ADJ
taxlaw-2791	434	17	share	share	NOUN
taxlaw-2791	434	18	“	"	PUNCT
taxlaw-2791	434	19	shall	shall	AUX
taxlaw-2791	434	20	be	be	AUX
taxlaw-2791	434	21	treated	treat	VERB
taxlaw-2791	434	22	as	as	SCONJ
taxlaw-2791	434	23	if	if	SCONJ
taxlaw-2791	434	24	such	such	ADJ
taxlaw-2791	434	25	item	item	NOUN
taxlaw-2791	434	26	were	be	AUX
taxlaw-2791	434	27	realized	realize	VERB
taxlaw-2791	434	28	directly	directly	ADV
taxlaw-2791	434	29	from	from	ADP
taxlaw-2791	434	30	the	the	DET
taxlaw-2791	434	31	source	source	NOUN
taxlaw-2791	434	32	from	from	ADP
taxlaw-2791	434	33	which	which	PRON
taxlaw-2791	434	34	realized	realize	VERB
taxlaw-2791	434	35	by	by	ADP
taxlaw-2791	434	36	the	the	DET
taxlaw-2791	434	37	partnership	partnership	NOUN
taxlaw-2791	434	38	”	"	PUNCT
taxlaw-2791	434	39	)	)	PUNCT
taxlaw-2791	434	40	with	with	ADP
taxlaw-2791	434	41	prop	prop	NOUN
taxlaw-2791	434	42	.	.	PUNCT
taxlaw-2791	435	1	§	§	PROPN
taxlaw-2791	435	2	710(a)(1	710(a)(1	PROPN
taxlaw-2791	435	3	)	)	PUNCT
taxlaw-2791	435	4	(	(	PUNCT
taxlaw-2791	435	5	“	"	PUNCT
taxlaw-2791	435	6	notwithstanding	notwithstanding	ADP
taxlaw-2791	435	7	section	section	NOUN
taxlaw-2791	435	8	702(b	702(b	PROPN
taxlaw-2791	435	9	)	)	PUNCT
taxlaw-2791	435	10	,	,	PUNCT
taxlaw-2791	435	11	”	"	PUNCT
taxlaw-2791	435	12	any	any	DET
taxlaw-2791	435	13	net	net	ADJ
taxlaw-2791	435	14	income	income	NOUN
taxlaw-2791	435	15	or	or	CCONJ
taxlaw-2791	435	16	loss	loss	NOUN
taxlaw-2791	435	17	“	"	PUNCT
taxlaw-2791	435	18	shall	shall	AUX
taxlaw-2791	435	19	be	be	AUX
taxlaw-2791	435	20	treated	treat	VERB
taxlaw-2791	435	21	as	as	ADP
taxlaw-2791	435	22	ordinary	ordinary	ADJ
taxlaw-2791	435	23	income	income	NOUN
taxlaw-2791	435	24	[	[	X
taxlaw-2791	435	25	or	or	CCONJ
taxlaw-2791	435	26	]	]	PUNCT
taxlaw-2791	435	27	ordinary	ordinary	ADJ
taxlaw-2791	435	28	loss	loss	NOUN
taxlaw-2791	435	29	.	.	PUNCT
taxlaw-2791	435	30	”	"	PUNCT
taxlaw-2791	435	31	)	)	PUNCT
taxlaw-2791	435	32	.	.	PUNCT
taxlaw-2791	436	1	77	77	NUM
taxlaw-2791	436	2	.	.	PUNCT
taxlaw-2791	437	1	assuming	assume	VERB
taxlaw-2791	437	2	that	that	SCONJ
taxlaw-2791	437	3	most	most	ADJ
taxlaw-2791	437	4	lps	lps	PROPN
taxlaw-2791	437	5	are	be	AUX
taxlaw-2791	437	6	tax	tax	NOUN
taxlaw-2791	437	7	exempt	exempt	ADJ
taxlaw-2791	437	8	,	,	PUNCT
taxlaw-2791	437	9	the	the	DET
taxlaw-2791	437	10	one	one	NUM
taxlaw-2791	437	11	-	-	PUNCT
taxlaw-2791	437	12	sided	sided	ADJ
taxlaw-2791	437	13	change	change	NOUN
taxlaw-2791	437	14	in	in	ADP
taxlaw-2791	437	15	the	the	DET
taxlaw-2791	437	16	tax	tax	NOUN
taxlaw-2791	437	17	treatment	treatment	NOUN
taxlaw-2791	437	18	of	of	ADP
taxlaw-2791	437	19	gp	gp	NOUN
taxlaw-2791	437	20	would	would	AUX
taxlaw-2791	437	21	result	result	VERB
taxlaw-2791	437	22	in	in	ADP
taxlaw-2791	437	23	a	a	DET
taxlaw-2791	437	24	net	net	ADJ
taxlaw-2791	437	25	increase	increase	NOUN
taxlaw-2791	437	26	in	in	ADP
taxlaw-2791	437	27	revenue	revenue	NOUN
taxlaw-2791	437	28	.	.	PUNCT
taxlaw-2791	438	1	see	see	VERB
taxlaw-2791	438	2	knoll	knoll	NOUN
taxlaw-2791	438	3	,	,	PUNCT
taxlaw-2791	438	4	supra	supra	PROPN
taxlaw-2791	438	5	note	note	NOUN
taxlaw-2791	438	6	6	6	NUM
taxlaw-2791	438	7	,	,	PUNCT
taxlaw-2791	438	8	at	at	ADP
taxlaw-2791	438	9	129	129	NUM
taxlaw-2791	438	10	(	(	PUNCT
taxlaw-2791	438	11	noting	note	VERB
taxlaw-2791	438	12	that	that	SCONJ
taxlaw-2791	438	13	untaxed	untaxed	ADJ
taxlaw-2791	438	14	investors	investor	NOUN
taxlaw-2791	438	15	provide	provide	VERB
taxlaw-2791	438	16	at	at	ADV
taxlaw-2791	438	17	least	least	ADV
taxlaw-2791	438	18	50	50	NUM
taxlaw-2791	438	19	%	%	NOUN
taxlaw-2791	438	20	of	of	ADP
taxlaw-2791	438	21	private	private	ADJ
taxlaw-2791	438	22	equity	equity	NOUN
taxlaw-2791	438	23	capital	capital	NOUN
taxlaw-2791	438	24	)	)	PUNCT
taxlaw-2791	438	25	.	.	PUNCT
taxlaw-2791	439	1	carried	carry	VERB
taxlaw-2791	439	2	interest	interest	NOUN
taxlaw-2791	439	3	allocations	allocation	NOUN
taxlaw-2791	439	4	recharacterized	recharacterize	VERB
taxlaw-2791	439	5	as	as	ADP
taxlaw-2791	439	6	ordinary	ordinary	ADJ
taxlaw-2791	439	7	income	income	NOUN
taxlaw-2791	439	8	would	would	AUX
taxlaw-2791	439	9	also	also	ADV
taxlaw-2791	439	10	be	be	AUX
taxlaw-2791	439	11	subject	subject	ADJ
taxlaw-2791	439	12	to	to	ADP
taxlaw-2791	439	13	social	social	ADJ
taxlaw-2791	439	14	security	security	NOUN
taxlaw-2791	439	15	and	and	CCONJ
taxlaw-2791	439	16	medicare	medicare	NOUN
taxlaw-2791	439	17	taxes	taxis	NOUN
taxlaw-2791	439	18	as	as	ADP
taxlaw-2791	439	19	self	self	NOUN
taxlaw-2791	439	20	-	-	PUNCT
taxlaw-2791	439	21	employment	employment	NOUN
taxlaw-2791	439	22	income	income	NOUN
taxlaw-2791	439	23	.	.	PUNCT
taxlaw-2791	440	1	see	see	VERB
taxlaw-2791	440	2	prop	prop	NOUN
taxlaw-2791	440	3	.	.	PUNCT
taxlaw-2791	441	1	§	§	PROPN
taxlaw-2791	441	2	710(a)(1)(a	710(a)(1)(a	PROPN
taxlaw-2791	441	3	)	)	PUNCT
taxlaw-2791	441	4	;	;	PUNCT
taxlaw-2791	441	5	i.r.c	i.r.c	NOUN
taxlaw-2791	441	6	.	.	PUNCT
taxlaw-2791	442	1	§	§	PROPN
taxlaw-2791	442	2	1402	1402	NUM
taxlaw-2791	442	3	(	(	PUNCT
taxlaw-2791	442	4	2009	2009	NUM
taxlaw-2791	442	5	)	)	PUNCT
taxlaw-2791	442	6	.	.	PUNCT
taxlaw-2791	443	1	78	78	NUM
taxlaw-2791	443	2	.	.	PUNCT
taxlaw-2791	444	1	see	see	VERB
taxlaw-2791	444	2	schler	schler	NOUN
taxlaw-2791	444	3	,	,	PUNCT
taxlaw-2791	444	4	supra	supra	PROPN
taxlaw-2791	444	5	note	note	NOUN
taxlaw-2791	444	6	13	13	NUM
taxlaw-2791	444	7	,	,	PUNCT
taxlaw-2791	444	8	at	at	ADP
taxlaw-2791	444	9	839	839	NUM
taxlaw-2791	444	10	(	(	PUNCT
taxlaw-2791	444	11	noting	note	VERB
taxlaw-2791	444	12	that	that	SCONJ
taxlaw-2791	444	13	prop	prop	NOUN
taxlaw-2791	444	14	.	.	PUNCT
taxlaw-2791	445	1	§	§	PROPN
taxlaw-2791	445	2	710	710	NUM
taxlaw-2791	445	3	approach	approach	NOUN
taxlaw-2791	445	4	“	"	PUNCT
taxlaw-2791	445	5	is	be	AUX
taxlaw-2791	445	6	theoretically	theoretically	ADV
taxlaw-2791	445	7	incorrect	incorrect	ADJ
taxlaw-2791	445	8	,	,	PUNCT
taxlaw-2791	445	9	but	but	CCONJ
taxlaw-2791	445	10	on	on	ADP
taxlaw-2791	445	11	balance	balance	NOUN
taxlaw-2791	445	12	it	it	PRON
taxlaw-2791	445	13	is	be	AUX
taxlaw-2791	445	14	a	a	DET
taxlaw-2791	445	15	reasonable	reasonable	ADJ
taxlaw-2791	445	16	and	and	CCONJ
taxlaw-2791	445	17	generally	generally	ADV
taxlaw-2791	445	18	pro	pro	ADJ
taxlaw-2791	445	19	-	-	ADJ
taxlaw-2791	445	20	taxpayer	taxpayer	ADJ
taxlaw-2791	445	21	result	result	NOUN
taxlaw-2791	445	22	”	"	PUNCT
taxlaw-2791	445	23	)	)	PUNCT
taxlaw-2791	445	24	.	.	PUNCT
taxlaw-2791	446	1	79	79	NUM
taxlaw-2791	446	2	.	.	PUNCT
taxlaw-2791	447	1	see	see	VERB
taxlaw-2791	447	2	prop	prop	NOUN
taxlaw-2791	447	3	.	.	PUNCT
taxlaw-2791	448	1	§	§	PROPN
taxlaw-2791	448	2	710(c)(2)(a)(i)–(ii	710(c)(2)(a)(i)–(ii	PROPN
taxlaw-2791	448	3	)	)	PUNCT
taxlaw-2791	448	4	(	(	PUNCT
taxlaw-2791	448	5	allocations	allocation	NOUN
taxlaw-2791	448	6	must	must	AUX
taxlaw-2791	448	7	be	be	AUX
taxlaw-2791	448	8	made	make	VERB
taxlaw-2791	448	9	“	"	PUNCT
taxlaw-2791	448	10	in	in	ADP
taxlaw-2791	448	11	the	the	DET
taxlaw-2791	448	12	same	same	ADJ
taxlaw-2791	448	13	manner	manner	NOUN
taxlaw-2791	448	14	”	"	PUNCT
taxlaw-2791	448	15	as	as	ADP
taxlaw-2791	448	16	allocations	allocation	NOUN
taxlaw-2791	448	17	made	make	VERB
taxlaw-2791	448	18	to	to	ADP
taxlaw-2791	448	19	non	non	ADJ
taxlaw-2791	448	20	-	-	ADJ
taxlaw-2791	448	21	service	service	ADJ
taxlaw-2791	448	22	partners	partner	NOUN
taxlaw-2791	448	23	that	that	PRON
taxlaw-2791	448	24	are	be	AUX
taxlaw-2791	448	25	“	"	PUNCT
taxlaw-2791	448	26	significant	significant	ADJ
taxlaw-2791	448	27	”	"	PUNCT
taxlaw-2791	448	28	in	in	ADP
taxlaw-2791	448	29	comparison	comparison	NOUN
taxlaw-2791	448	30	to	to	ADP
taxlaw-2791	448	31	allocations	allocation	NOUN
taxlaw-2791	448	32	made	make	VERB
taxlaw-2791	448	33	to	to	PART
taxlaw-2791	448	34	service	service	NOUN
taxlaw-2791	448	35	partners	partner	NOUN
taxlaw-2791	448	36	)	)	PUNCT
taxlaw-2791	448	37	;	;	PUNCT
taxlaw-2791	449	1	prop	prop	NOUN
taxlaw-2791	449	2	.	.	PUNCT
taxlaw-2791	450	1	§	§	PROPN
taxlaw-2791	450	2	710(c)(2)(c	710(c)(2)(c	PROPN
taxlaw-2791	450	3	)	)	PUNCT
taxlaw-2791	450	4	(	(	PUNCT
taxlaw-2791	450	5	defining	define	VERB
taxlaw-2791	450	6	a	a	DET
taxlaw-2791	450	7	qualified	qualified	ADJ
taxlaw-2791	450	8	capital	capital	NOUN
taxlaw-2791	450	9	interest	interest	NOUN
taxlaw-2791	450	10	)	)	PUNCT
taxlaw-2791	450	11	.	.	PUNCT
taxlaw-2791	451	1	see	see	VERB
taxlaw-2791	451	2	also	also	ADV
taxlaw-2791	451	3	nysba	nysba	NOUN
taxlaw-2791	451	4	report	report	NOUN
taxlaw-2791	451	5	,	,	PUNCT
taxlaw-2791	451	6	supra	supra	PROPN
taxlaw-2791	451	7	note	note	PROPN
taxlaw-2791	451	8	11	11	NUM
taxlaw-2791	451	9	,	,	PUNCT
taxlaw-2791	451	10	at	at	ADP
taxlaw-2791	451	11	20–24	20–24	PROPN
taxlaw-2791	451	12	(	(	PUNCT
taxlaw-2791	451	13	describing	describe	VERB
taxlaw-2791	451	14	the	the	DET
taxlaw-2791	451	15	“	"	PUNCT
taxlaw-2791	451	16	reasonable	reasonable	ADJ
taxlaw-2791	451	17	allocation	allocation	NOUN
taxlaw-2791	451	18	”	"	PUNCT
taxlaw-2791	451	19	requirement	requirement	NOUN
taxlaw-2791	451	20	under	under	ADP
taxlaw-2791	451	21	prior	prior	ADJ
taxlaw-2791	451	22	versions	version	NOUN
taxlaw-2791	451	23	of	of	ADP
taxlaw-2791	451	24	the	the	DET
taxlaw-2791	451	25	carried	carry	VERB
taxlaw-2791	451	26	interest	interest	NOUN
taxlaw-2791	451	27	legislation	legislation	NOUN
taxlaw-2791	451	28	)	)	PUNCT
taxlaw-2791	451	29	.	.	PUNCT
taxlaw-2791	452	1	80	80	NUM
taxlaw-2791	452	2	.	.	PUNCT
taxlaw-2791	453	1	see	see	VERB
taxlaw-2791	453	2	prop	prop	NOUN
taxlaw-2791	453	3	.	.	PUNCT
taxlaw-2791	454	1	§	§	PROPN
taxlaw-2791	454	2	710(c)(2)(c	710(c)(2)(c	PROPN
taxlaw-2791	454	3	)	)	PUNCT
taxlaw-2791	454	4	(	(	PUNCT
taxlaw-2791	454	5	2009	2009	NUM
taxlaw-2791	454	6	)	)	PUNCT
taxlaw-2791	454	7	.	.	PUNCT
taxlaw-2791	455	1	a	a	DET
taxlaw-2791	455	2	service	service	NOUN
taxlaw-2791	455	3	partner	partner	NOUN
taxlaw-2791	455	4	’s	’s	PART
taxlaw-2791	455	5	qualified	qualified	ADJ
taxlaw-2791	455	6	capital	capital	NOUN
taxlaw-2791	455	7	will	will	AUX
taxlaw-2791	455	8	initially	initially	ADV
taxlaw-2791	455	9	be	be	AUX
taxlaw-2791	455	10	zero	zero	NUM
taxlaw-2791	455	11	(	(	PUNCT
taxlaw-2791	455	12	the	the	DET
taxlaw-2791	455	13	liquidation	liquidation	NOUN
taxlaw-2791	455	14	value	value	NOUN
taxlaw-2791	455	15	of	of	ADP
taxlaw-2791	455	16	the	the	DET
taxlaw-2791	455	17	profits	profit	NOUN
taxlaw-2791	455	18	interest	interest	NOUN
taxlaw-2791	455	19	)	)	PUNCT
taxlaw-2791	455	20	,	,	PUNCT
taxlaw-2791	455	21	unless	unless	SCONJ
taxlaw-2791	455	22	the	the	DET
taxlaw-2791	455	23	partner	partner	NOUN
taxlaw-2791	455	24	owns	own	VERB
taxlaw-2791	455	25	a	a	DET
taxlaw-2791	455	26	separate	separate	ADJ
taxlaw-2791	455	27	capital	capital	NOUN
taxlaw-2791	455	28	interest	interest	NOUN
taxlaw-2791	455	29	.	.	PUNCT
taxlaw-2791	456	1	see	see	VERB
taxlaw-2791	456	2	prop	prop	NOUN
taxlaw-2791	456	3	.	.	PUNCT
taxlaw-2791	457	1	§	§	PROPN
taxlaw-2791	457	2	710(c)(2)(c)(ii	710(c)(2)(c)(ii	PROPN
taxlaw-2791	457	3	)	)	PUNCT
taxlaw-2791	457	4	(	(	PUNCT
taxlaw-2791	457	5	treating	treat	VERB
taxlaw-2791	457	6	as	as	ADP
taxlaw-2791	457	7	qualified	qualified	ADJ
taxlaw-2791	457	8	capital	capital	NOUN
taxlaw-2791	457	9	the	the	DET
taxlaw-2791	457	10	amount	amount	NOUN
taxlaw-2791	457	11	of	of	ADP
taxlaw-2791	457	12	income	income	NOUN
taxlaw-2791	457	13	included	include	VERB
taxlaw-2791	457	14	under	under	ADP
taxlaw-2791	457	15	proposed	propose	VERB
taxlaw-2791	457	16	§	§	PROPN
taxlaw-2791	457	17	83	83	NUM
taxlaw-2791	457	18	upon	upon	SCONJ
taxlaw-2791	457	19	grant	grant	NOUN
taxlaw-2791	457	20	)	)	PUNCT
taxlaw-2791	457	21	.	.	PUNCT
taxlaw-2791	458	1	2010	2010	NUM
taxlaw-2791	458	2	]	]	PUNCT
taxlaw-2791	458	3	the	the	DET
taxlaw-2791	458	4	sou	sou	PROPN
taxlaw-2791	458	5	�	�	PROPN
taxlaw-2791	458	6	d	d	PROPN
taxlaw-2791	458	7	a	a	DET
taxlaw-2791	458	8	�	�	PROPN
taxlaw-2791	458	9	d	d	NOUN
taxlaw-2791	458	10	fury	fury	NOUN
taxlaw-2791	458	11	of	of	ADP
taxlaw-2791	458	12	carried	carry	VERB
taxlaw-2791	458	13	i	i	PRON
taxlaw-2791	458	14	�	�	VERB
taxlaw-2791	458	15	terest	ter	ADJ
taxlaw-2791	458	16	reform	reform	NOUN
taxlaw-2791	458	17	21	21	NUM
taxlaw-2791	458	18	as	as	ADP
taxlaw-2791	458	19	distributions	distribution	NOUN
taxlaw-2791	458	20	of	of	ADP
taxlaw-2791	458	21	cash	cash	NOUN
taxlaw-2791	458	22	and	and	CCONJ
taxlaw-2791	458	23	property.81	property.81	NOUN
taxlaw-2791	458	24	if	if	SCONJ
taxlaw-2791	458	25	all	all	DET
taxlaw-2791	458	26	earnings	earning	NOUN
taxlaw-2791	458	27	are	be	AUX
taxlaw-2791	458	28	distributed	distribute	VERB
taxlaw-2791	458	29	currently	currently	ADV
taxlaw-2791	458	30	,	,	PUNCT
taxlaw-2791	458	31	gp	gp	NOUN
taxlaw-2791	458	32	never	never	ADV
taxlaw-2791	458	33	acquires	acquire	VERB
taxlaw-2791	458	34	qualified	qualified	ADJ
taxlaw-2791	458	35	capital	capital	NOUN
taxlaw-2791	458	36	from	from	ADP
taxlaw-2791	458	37	retained	retain	VERB
taxlaw-2791	458	38	earnings	earning	NOUN
taxlaw-2791	458	39	(	(	PUNCT
taxlaw-2791	458	40	“	"	PUNCT
taxlaw-2791	458	41	earned	earn	VERB
taxlaw-2791	458	42	capital	capital	NOUN
taxlaw-2791	458	43	”	"	PUNCT
taxlaw-2791	458	44	)	)	PUNCT
taxlaw-2791	458	45	,	,	PUNCT
taxlaw-2791	458	46	and	and	CCONJ
taxlaw-2791	458	47	§	§	PROPN
taxlaw-2791	458	48	710	710	NUM
taxlaw-2791	458	49	has	have	VERB
taxlaw-2791	458	50	the	the	DET
taxlaw-2791	458	51	same	same	ADJ
taxlaw-2791	458	52	net	net	ADJ
taxlaw-2791	458	53	result	result	NOUN
taxlaw-2791	458	54	as	as	ADP
taxlaw-2791	458	55	taxing	tax	VERB
taxlaw-2791	458	56	all	all	DET
taxlaw-2791	458	57	distributions	distribution	NOUN
taxlaw-2791	458	58	to	to	PART
taxlaw-2791	458	59	gp	gp	VERB
taxlaw-2791	458	60	as	as	ADP
taxlaw-2791	458	61	ordinary	ordinary	ADJ
taxlaw-2791	458	62	income	income	NOUN
taxlaw-2791	458	63	.	.	PUNCT
taxlaw-2791	459	1	in	in	ADP
taxlaw-2791	459	2	all	all	DET
taxlaw-2791	459	3	other	other	ADJ
taxlaw-2791	459	4	situations	situation	NOUN
taxlaw-2791	459	5	,	,	PUNCT
taxlaw-2791	459	6	the	the	DET
taxlaw-2791	459	7	operation	operation	NOUN
taxlaw-2791	459	8	of	of	ADP
taxlaw-2791	459	9	§	§	PROPN
taxlaw-2791	459	10	710	710	NUM
taxlaw-2791	459	11	is	be	AUX
taxlaw-2791	459	12	much	much	ADV
taxlaw-2791	459	13	more	more	ADV
taxlaw-2791	459	14	complex	complex	ADJ
taxlaw-2791	459	15	.	.	PUNCT
taxlaw-2791	460	1	since	since	SCONJ
taxlaw-2791	460	2	gp	gp	NOUN
taxlaw-2791	460	3	is	be	AUX
taxlaw-2791	460	4	treated	treat	VERB
taxlaw-2791	460	5	as	as	ADP
taxlaw-2791	460	6	receiving	receive	VERB
taxlaw-2791	460	7	compensation	compensation	NOUN
taxlaw-2791	460	8	,	,	PUNCT
taxlaw-2791	460	9	it	it	PRON
taxlaw-2791	460	10	might	might	AUX
taxlaw-2791	460	11	appear	appear	VERB
taxlaw-2791	460	12	logical	logical	ADJ
taxlaw-2791	460	13	to	to	PART
taxlaw-2791	460	14	tax	tax	VERB
taxlaw-2791	460	15	p	p	X
taxlaw-2791	460	16	’s	’s	PART
taxlaw-2791	460	17	income	income	NOUN
taxlaw-2791	460	18	entirely	entirely	ADV
taxlaw-2791	460	19	to	to	ADP
taxlaw-2791	460	20	lp	lp	NOUN
taxlaw-2791	460	21	,	,	PUNCT
taxlaw-2791	460	22	with	with	ADP
taxlaw-2791	460	23	an	an	DET
taxlaw-2791	460	24	offsetting	offset	VERB
taxlaw-2791	460	25	compensation	compensation	NOUN
taxlaw-2791	460	26	deduction.82	deduction.82	ADJ
taxlaw-2791	460	27	section	section	NOUN
taxlaw-2791	460	28	710	710	NUM
taxlaw-2791	460	29	does	do	AUX
taxlaw-2791	460	30	not	not	PART
taxlaw-2791	460	31	follow	follow	VERB
taxlaw-2791	460	32	that	that	DET
taxlaw-2791	460	33	logical	logical	ADJ
taxlaw-2791	460	34	approach	approach	NOUN
taxlaw-2791	460	35	:	:	PUNCT
taxlaw-2791	460	36	it	it	PRON
taxlaw-2791	460	37	alters	alter	VERB
taxlaw-2791	460	38	the	the	DET
taxlaw-2791	460	39	character	character	NOUN
taxlaw-2791	460	40	of	of	ADP
taxlaw-2791	460	41	the	the	DET
taxlaw-2791	460	42	income	income	NOUN
taxlaw-2791	460	43	allocated	allocate	VERB
taxlaw-2791	460	44	to	to	ADP
taxlaw-2791	460	45	gp	gp	NOUN
taxlaw-2791	460	46	but	but	CCONJ
taxlaw-2791	460	47	does	do	AUX
taxlaw-2791	460	48	not	not	PART
taxlaw-2791	460	49	reallocate	reallocate	VERB
taxlaw-2791	460	50	income	income	NOUN
taxlaw-2791	460	51	between	between	ADP
taxlaw-2791	460	52	gp	gp	NOUN
taxlaw-2791	460	53	and	and	CCONJ
taxlaw-2791	460	54	lp.83	lp.83	PROPN
taxlaw-2791	460	55	since	since	SCONJ
taxlaw-2791	460	56	lp	lp	NOUN
taxlaw-2791	460	57	is	be	AUX
taxlaw-2791	460	58	taxed	tax	VERB
taxlaw-2791	460	59	on	on	ADP
taxlaw-2791	460	60	only	only	ADV
taxlaw-2791	460	61	80	80	NUM
taxlaw-2791	460	62	%	%	NOUN
taxlaw-2791	460	63	of	of	ADP
taxlaw-2791	460	64	the	the	DET
taxlaw-2791	460	65	partnership	partnership	NOUN
taxlaw-2791	460	66	income	income	NOUN
taxlaw-2791	460	67	,	,	PUNCT
taxlaw-2791	460	68	lp	lp	PROPN
taxlaw-2791	460	69	receives	receive	VERB
taxlaw-2791	460	70	the	the	DET
taxlaw-2791	460	71	equivalent	equivalent	NOUN
taxlaw-2791	460	72	of	of	ADP
taxlaw-2791	460	73	a	a	DET
taxlaw-2791	460	74	deduction	deduction	NOUN
taxlaw-2791	460	75	in	in	ADP
taxlaw-2791	460	76	the	the	DET
taxlaw-2791	460	77	form	form	NOUN
taxlaw-2791	460	78	of	of	ADP
taxlaw-2791	460	79	a	a	DET
taxlaw-2791	460	80	reduced	reduced	ADJ
taxlaw-2791	460	81	share	share	NOUN
taxlaw-2791	460	82	of	of	ADP
taxlaw-2791	460	83	capital	capital	NOUN
taxlaw-2791	461	1	gain.84	gain.84	INTJ
taxlaw-2791	461	2	if	if	SCONJ
taxlaw-2791	461	3	lp	lp	NOUN
taxlaw-2791	461	4	is	be	AUX
taxlaw-2791	461	5	tax	tax	NOUN
taxlaw-2791	461	6	exempt	exempt	ADJ
taxlaw-2791	461	7	,	,	PUNCT
taxlaw-2791	461	8	lp	lp	NOUN
taxlaw-2791	461	9	is	be	AUX
taxlaw-2791	461	10	indifferent	indifferent	ADJ
taxlaw-2791	461	11	to	to	ADP
taxlaw-2791	461	12	the	the	DET
taxlaw-2791	461	13	loss	loss	NOUN
taxlaw-2791	461	14	of	of	ADP
taxlaw-2791	461	15	a	a	DET
taxlaw-2791	461	16	worthless	worthless	ADJ
taxlaw-2791	461	17	deduction	deduction	NOUN
taxlaw-2791	461	18	.	.	PUNCT
taxlaw-2791	462	1	if	if	SCONJ
taxlaw-2791	462	2	lp	lp	NOUN
taxlaw-2791	462	3	is	be	AUX
taxlaw-2791	462	4	a	a	DET
taxlaw-2791	462	5	taxable	taxable	ADJ
taxlaw-2791	462	6	individual	individual	NOUN
taxlaw-2791	462	7	and	and	CCONJ
taxlaw-2791	462	8	the	the	DET
taxlaw-2791	462	9	expense	expense	NOUN
taxlaw-2791	462	10	is	be	AUX
taxlaw-2791	462	11	immediately	immediately	ADV
taxlaw-2791	462	12	deductible	deductible	ADJ
taxlaw-2791	462	13	,	,	PUNCT
taxlaw-2791	462	14	§	§	PROPN
taxlaw-2791	462	15	710	710	NUM
taxlaw-2791	462	16	is	be	AUX
taxlaw-2791	462	17	potentially	potentially	ADV
taxlaw-2791	462	18	punitive	punitive	ADJ
taxlaw-2791	462	19	.	.	PUNCT
taxlaw-2791	463	1	the	the	DET
taxlaw-2791	463	2	net	net	ADJ
taxlaw-2791	463	3	detriment	detriment	NOUN
taxlaw-2791	463	4	to	to	ADP
taxlaw-2791	463	5	lp	lp	PROPN
taxlaw-2791	463	6	is	be	AUX
taxlaw-2791	463	7	equal	equal	ADJ
taxlaw-2791	463	8	to	to	ADP
taxlaw-2791	463	9	the	the	DET
taxlaw-2791	463	10	difference	difference	NOUN
taxlaw-2791	463	11	between	between	ADP
taxlaw-2791	463	12	the	the	DET
taxlaw-2791	463	13	ordinary	ordinary	ADJ
taxlaw-2791	463	14	income	income	NOUN
taxlaw-2791	463	15	rate	rate	NOUN
taxlaw-2791	463	16	and	and	CCONJ
taxlaw-2791	463	17	the	the	DET
taxlaw-2791	463	18	capital	capital	NOUN
taxlaw-2791	463	19	gain	gain	NOUN
taxlaw-2791	463	20	rate	rate	NOUN
taxlaw-2791	463	21	on	on	ADP
taxlaw-2791	463	22	the	the	DET
taxlaw-2791	463	23	implicit	implicit	ADJ
taxlaw-2791	463	24	salary	salary	NOUN
taxlaw-2791	463	25	.	.	PUNCT
taxlaw-2791	464	1	section	section	NOUN
taxlaw-2791	464	2	710	710	NUM
taxlaw-2791	464	3	essentially	essentially	ADV
taxlaw-2791	464	4	provides	provide	VERB
taxlaw-2791	464	5	an	an	DET
taxlaw-2791	464	6	election	election	NOUN
taxlaw-2791	464	7	to	to	PART
taxlaw-2791	464	8	obtain	obtain	VERB
taxlaw-2791	464	9	a	a	DET
taxlaw-2791	464	10	deduction	deduction	NOUN
taxlaw-2791	464	11	for	for	ADP
taxlaw-2791	464	12	gp	gp	NOUN
taxlaw-2791	464	13	’s	’s	PART
taxlaw-2791	464	14	implicit	implicit	ADJ
taxlaw-2791	464	15	salary	salary	NOUN
taxlaw-2791	464	16	.	.	PUNCT
taxlaw-2791	465	1	to	to	PART
taxlaw-2791	465	2	take	take	VERB
taxlaw-2791	465	3	advantage	advantage	NOUN
taxlaw-2791	465	4	of	of	ADP
taxlaw-2791	465	5	this	this	DET
taxlaw-2791	465	6	election	election	NOUN
taxlaw-2791	465	7	,	,	PUNCT
taxlaw-2791	465	8	the	the	DET
taxlaw-2791	465	9	parties	party	NOUN
taxlaw-2791	465	10	must	must	AUX
taxlaw-2791	465	11	simply	simply	ADV
taxlaw-2791	465	12	pay	pay	VERB
taxlaw-2791	465	13	cash	cash	NOUN
taxlaw-2791	465	14	(	(	PUNCT
taxlaw-2791	465	15	rather	rather	ADV
taxlaw-2791	465	16	than	than	ADP
taxlaw-2791	465	17	carry	carry	VERB
taxlaw-2791	465	18	)	)	PUNCT
taxlaw-2791	465	19	to	to	PART
taxlaw-2791	465	20	gp	gp	VERB
taxlaw-2791	465	21	.	.	PUNCT
taxlaw-2791	466	1	this	this	DET
taxlaw-2791	466	2	elective	elective	ADJ
taxlaw-2791	466	3	workaround	workaround	NOUN
taxlaw-2791	466	4	exposes	expose	VERB
taxlaw-2791	466	5	a	a	DET
taxlaw-2791	466	6	fundamental	fundamental	ADJ
taxlaw-2791	466	7	flaw	flaw	NOUN
taxlaw-2791	466	8	:	:	PUNCT
taxlaw-2791	466	9	under	under	ADP
taxlaw-2791	466	10	§	§	PROPN
taxlaw-2791	466	11	710	710	NUM
taxlaw-2791	466	12	,	,	PUNCT
taxlaw-2791	466	13	it	it	PRON
taxlaw-2791	466	14	is	be	AUX
taxlaw-2791	466	15	not	not	PART
taxlaw-2791	466	16	possible	possible	ADJ
taxlaw-2791	466	17	to	to	PART
taxlaw-2791	466	18	ensure	ensure	VERB
taxlaw-2791	466	19	consistent	consistent	ADJ
taxlaw-2791	466	20	treatment	treatment	NOUN
taxlaw-2791	466	21	of	of	ADP
taxlaw-2791	466	22	the	the	DET
taxlaw-2791	466	23	parties	party	NOUN
taxlaw-2791	466	24	regardless	regardless	ADV
taxlaw-2791	466	25	of	of	ADP
taxlaw-2791	466	26	whether	whether	SCONJ
taxlaw-2791	466	27	cash	cash	NOUN
taxlaw-2791	466	28	or	or	CCONJ
taxlaw-2791	466	29	carry	carry	VERB
taxlaw-2791	466	30	is	be	AUX
taxlaw-2791	466	31	used.85	used.85	ADJ
taxlaw-2791	466	32	81	81	NUM
taxlaw-2791	466	33	.	.	PUNCT
taxlaw-2791	467	1	any	any	DET
taxlaw-2791	467	2	net	net	ADJ
taxlaw-2791	467	3	income	income	NOUN
taxlaw-2791	467	4	is	be	AUX
taxlaw-2791	467	5	generally	generally	ADV
taxlaw-2791	467	6	treated	treat	VERB
taxlaw-2791	467	7	as	as	ADP
taxlaw-2791	467	8	ordinary	ordinary	ADJ
taxlaw-2791	467	9	income	income	NOUN
taxlaw-2791	467	10	attributable	attributable	ADJ
taxlaw-2791	467	11	to	to	ADP
taxlaw-2791	467	12	services	service	NOUN
taxlaw-2791	467	13	;	;	PUNCT
taxlaw-2791	467	14	any	any	DET
taxlaw-2791	467	15	net	net	ADJ
taxlaw-2791	467	16	loss	loss	NOUN
taxlaw-2791	467	17	is	be	AUX
taxlaw-2791	467	18	generally	generally	ADV
taxlaw-2791	467	19	treated	treat	VERB
taxlaw-2791	467	20	as	as	ADP
taxlaw-2791	467	21	ordinary	ordinary	ADJ
taxlaw-2791	467	22	loss	loss	NOUN
taxlaw-2791	467	23	to	to	ADP
taxlaw-2791	467	24	the	the	DET
taxlaw-2791	467	25	extent	extent	NOUN
taxlaw-2791	467	26	of	of	ADP
taxlaw-2791	467	27	amounts	amount	NOUN
taxlaw-2791	467	28	previously	previously	ADV
taxlaw-2791	467	29	taxed	tax	VERB
taxlaw-2791	467	30	as	as	ADP
taxlaw-2791	467	31	ordinary	ordinary	ADJ
taxlaw-2791	467	32	income	income	NOUN
taxlaw-2791	467	33	.	.	PUNCT
taxlaw-2791	468	1	see	see	VERB
taxlaw-2791	468	2	prop	prop	NOUN
taxlaw-2791	468	3	.	.	PUNCT
taxlaw-2791	469	1	§	§	PROPN
taxlaw-2791	469	2	710(a)(1)(a	710(a)(1)(a	PROPN
taxlaw-2791	469	3	)	)	PUNCT
taxlaw-2791	469	4	and	and	CCONJ
taxlaw-2791	469	5	(	(	PUNCT
taxlaw-2791	469	6	b	b	NOUN
taxlaw-2791	469	7	)	)	PUNCT
taxlaw-2791	469	8	;	;	PUNCT
taxlaw-2791	469	9	see	see	VERB
taxlaw-2791	469	10	also	also	ADV
taxlaw-2791	469	11	prop	prop	VERB
taxlaw-2791	469	12	.	.	PUNCT
taxlaw-2791	470	1	§	§	PROPN
taxlaw-2791	470	2	710(c)(2)(c)(iii)(ii	710(c)(2)(c)(iii)(ii	NUM
taxlaw-2791	470	3	)	)	PUNCT
taxlaw-2791	470	4	(	(	PUNCT
taxlaw-2791	470	5	2009	2009	NUM
taxlaw-2791	470	6	)	)	PUNCT
taxlaw-2791	470	7	(	(	PUNCT
taxlaw-2791	470	8	reduction	reduction	NOUN
taxlaw-2791	470	9	for	for	ADP
taxlaw-2791	470	10	net	net	ADJ
taxlaw-2791	470	11	losses	loss	NOUN
taxlaw-2791	470	12	and	and	CCONJ
taxlaw-2791	470	13	distributions	distribution	NOUN
taxlaw-2791	470	14	)	)	PUNCT
taxlaw-2791	470	15	.	.	PUNCT
taxlaw-2791	471	1	the	the	DET
taxlaw-2791	471	2	loss	loss	NOUN
taxlaw-2791	471	3	limitation	limitation	NOUN
taxlaw-2791	471	4	would	would	AUX
taxlaw-2791	471	5	be	be	AUX
taxlaw-2791	471	6	layered	layer	VERB
taxlaw-2791	471	7	on	on	ADP
taxlaw-2791	471	8	top	top	NOUN
taxlaw-2791	471	9	of	of	ADP
taxlaw-2791	471	10	existing	exist	VERB
taxlaw-2791	471	11	loss	loss	NOUN
taxlaw-2791	471	12	limitation	limitation	NOUN
taxlaw-2791	471	13	rules	rule	NOUN
taxlaw-2791	471	14	.	.	PUNCT
taxlaw-2791	472	1	see	see	VERB
taxlaw-2791	472	2	i.r.c	i.r.c	NOUN
taxlaw-2791	472	3	.	.	PUNCT
taxlaw-2791	473	1	§	§	PROPN
taxlaw-2791	473	2	§	§	PROPN
taxlaw-2791	473	3	704(d	704(d	PROPN
taxlaw-2791	473	4	)	)	PUNCT
taxlaw-2791	473	5	,	,	PUNCT
taxlaw-2791	473	6	465	465	NUM
taxlaw-2791	473	7	,	,	PUNCT
taxlaw-2791	473	8	469	469	NUM
taxlaw-2791	473	9	,	,	PUNCT
taxlaw-2791	473	10	and	and	CCONJ
taxlaw-2791	473	11	470	470	NUM
taxlaw-2791	473	12	(	(	PUNCT
taxlaw-2791	473	13	2009	2009	NUM
taxlaw-2791	473	14	)	)	PUNCT
taxlaw-2791	473	15	.	.	PUNCT
taxlaw-2791	474	1	82	82	NUM
taxlaw-2791	474	2	.	.	PUNCT
taxlaw-2791	475	1	when	when	SCONJ
taxlaw-2791	475	2	§	§	PROPN
taxlaw-2791	475	3	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	475	4	)	)	PUNCT
taxlaw-2791	475	5	applies	apply	VERB
taxlaw-2791	475	6	,	,	PUNCT
taxlaw-2791	475	7	the	the	DET
taxlaw-2791	475	8	defective	defective	ADJ
taxlaw-2791	475	9	allocation	allocation	NOUN
taxlaw-2791	475	10	is	be	AUX
taxlaw-2791	475	11	disregarded	disregard	VERB
taxlaw-2791	475	12	and	and	CCONJ
taxlaw-2791	475	13	the	the	DET
taxlaw-2791	475	14	related	related	ADJ
taxlaw-2791	475	15	items	item	NOUN
taxlaw-2791	475	16	of	of	ADP
taxlaw-2791	475	17	income	income	NOUN
taxlaw-2791	475	18	(	(	PUNCT
taxlaw-2791	475	19	or	or	CCONJ
taxlaw-2791	475	20	loss	loss	NOUN
taxlaw-2791	475	21	)	)	PUNCT
taxlaw-2791	475	22	are	be	AUX
taxlaw-2791	475	23	reallocated	reallocate	VERB
taxlaw-2791	475	24	to	to	ADP
taxlaw-2791	475	25	the	the	DET
taxlaw-2791	475	26	other	other	ADJ
taxlaw-2791	475	27	partners	partner	NOUN
taxlaw-2791	475	28	,	,	PUNCT
taxlaw-2791	475	29	who	who	PRON
taxlaw-2791	475	30	may	may	AUX
taxlaw-2791	475	31	also	also	ADV
taxlaw-2791	475	32	be	be	AUX
taxlaw-2791	475	33	entitled	entitle	VERB
taxlaw-2791	475	34	to	to	ADP
taxlaw-2791	475	35	a	a	DET
taxlaw-2791	475	36	current	current	ADJ
taxlaw-2791	475	37	(	(	PUNCT
taxlaw-2791	475	38	or	or	CCONJ
taxlaw-2791	475	39	capitalized	capitalize	VERB
taxlaw-2791	475	40	)	)	PUNCT
taxlaw-2791	475	41	deduction	deduction	NOUN
taxlaw-2791	475	42	for	for	ADP
taxlaw-2791	475	43	compensation	compensation	NOUN
taxlaw-2791	475	44	.	.	PUNCT
taxlaw-2791	476	1	see	see	VERB
taxlaw-2791	476	2	joint	joint	ADJ
taxlaw-2791	476	3	comm	comm	NOUN
taxlaw-2791	476	4	.	.	PUNCT
taxlaw-2791	477	1	on	on	ADP
taxlaw-2791	477	2	tax’n	tax’n	NUM
taxlaw-2791	477	3	,	,	PUNCT
taxlaw-2791	477	4	98th	98th	ADJ
taxlaw-2791	477	5	cong	cong	NOUN
taxlaw-2791	477	6	.	.	PUNCT
taxlaw-2791	478	1	2d	2d	PROPN
taxlaw-2791	478	2	sess	sess	PROPN
taxlaw-2791	478	3	.	.	PUNCT
taxlaw-2791	478	4	,	,	PUNCT
taxlaw-2791	478	5	general	general	ADJ
taxlaw-2791	478	6	explanation	explanation	NOUN
taxlaw-2791	478	7	of	of	ADP
taxlaw-2791	478	8	the	the	DET
taxlaw-2791	478	9	revenue	revenue	NOUN
taxlaw-2791	478	10	provisions	provision	NOUN
taxlaw-2791	478	11	of	of	ADP
taxlaw-2791	478	12	the	the	DET
taxlaw-2791	478	13	deficit	deficit	NOUN
taxlaw-2791	478	14	reduction	reduction	NOUN
taxlaw-2791	478	15	act	act	NOUN
taxlaw-2791	478	16	of	of	ADP
taxlaw-2791	478	17	1984	1984	NUM
taxlaw-2791	478	18	,	,	PUNCT
taxlaw-2791	478	19	227–28	227–28	PROPN
taxlaw-2791	478	20	(	(	PUNCT
taxlaw-2791	478	21	comm	comm	NOUN
taxlaw-2791	478	22	.	.	PUNCT
taxlaw-2791	479	1	print	print	NOUN
taxlaw-2791	479	2	1984	1984	NUM
taxlaw-2791	479	3	)	)	PUNCT
taxlaw-2791	479	4	;	;	PUNCT
taxlaw-2791	480	1	s.	s.	PROPN
taxlaw-2791	480	2	prt	prt	PROPN
taxlaw-2791	480	3	.	.	PUNCT
taxlaw-2791	481	1	no	no	INTJ
taxlaw-2791	481	2	.	.	NOUN
taxlaw-2791	482	1	98	98	NUM
taxlaw-2791	482	2	-	-	SYM
taxlaw-2791	482	3	169	169	NUM
taxlaw-2791	482	4	,	,	PUNCT
taxlaw-2791	482	5	at	at	ADP
taxlaw-2791	482	6	227–29	227–29	PROPN
taxlaw-2791	482	7	(	(	PUNCT
taxlaw-2791	482	8	1984	1984	NUM
taxlaw-2791	482	9	)	)	PUNCT
taxlaw-2791	483	1	;	;	PUNCT
taxlaw-2791	483	2	h.r	h.r	PROPN
taxlaw-2791	483	3	.	.	PROPN
taxlaw-2791	483	4	rep	rep	PROPN
taxlaw-2791	483	5	.	.	PROPN
taxlaw-2791	483	6	no	no	INTJ
taxlaw-2791	483	7	.	.	NOUN
taxlaw-2791	484	1	98	98	NUM
taxlaw-2791	484	2	-	-	SYM
taxlaw-2791	484	3	432	432	NUM
taxlaw-2791	484	4	,	,	PUNCT
taxlaw-2791	484	5	at	at	ADP
taxlaw-2791	484	6	1218–20	1218–20	NUM
taxlaw-2791	484	7	(	(	PUNCT
taxlaw-2791	484	8	1984	1984	NUM
taxlaw-2791	484	9	)	)	PUNCT
taxlaw-2791	484	10	(	(	PUNCT
taxlaw-2791	484	11	conf	conf	NOUN
taxlaw-2791	484	12	.	.	PUNCT
taxlaw-2791	485	1	rep	rep	PROPN
taxlaw-2791	485	2	.	.	PROPN
taxlaw-2791	485	3	)	)	PUNCT
taxlaw-2791	485	4	.	.	PUNCT
taxlaw-2791	486	1	it	it	PRON
taxlaw-2791	486	2	is	be	AUX
taxlaw-2791	486	3	not	not	PART
taxlaw-2791	486	4	clear	clear	ADJ
taxlaw-2791	486	5	how	how	SCONJ
taxlaw-2791	486	6	prop	prop	NOUN
taxlaw-2791	486	7	.	.	PUNCT
taxlaw-2791	487	1	§	§	PROPN
taxlaw-2791	487	2	710	710	NUM
taxlaw-2791	487	3	would	would	AUX
taxlaw-2791	487	4	be	be	AUX
taxlaw-2791	487	5	coordinated	coordinate	VERB
taxlaw-2791	487	6	with	with	ADP
taxlaw-2791	487	7	§	§	PROPN
taxlaw-2791	487	8	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	487	9	)	)	PUNCT
taxlaw-2791	487	10	.	.	PUNCT
taxlaw-2791	488	1	83	83	NUM
taxlaw-2791	488	2	.	.	PUNCT
taxlaw-2791	489	1	see	see	VERB
taxlaw-2791	489	2	schler	schler	NOUN
taxlaw-2791	489	3	,	,	PUNCT
taxlaw-2791	489	4	supra	supra	PROPN
taxlaw-2791	489	5	note	note	NOUN
taxlaw-2791	489	6	13	13	NUM
taxlaw-2791	489	7	,	,	PUNCT
taxlaw-2791	489	8	at	at	ADP
taxlaw-2791	489	9	838–39	838–39	PROPN
taxlaw-2791	489	10	(	(	PUNCT
taxlaw-2791	489	11	contrasting	contrast	VERB
taxlaw-2791	489	12	the	the	DET
taxlaw-2791	489	13	recharacterization	recharacterization	NOUN
taxlaw-2791	489	14	/	/	SYM
taxlaw-2791	489	15	exclusion	exclusion	NOUN
taxlaw-2791	489	16	approach	approach	NOUN
taxlaw-2791	489	17	with	with	ADP
taxlaw-2791	489	18	the	the	DET
taxlaw-2791	489	19	inclusion	inclusion	NOUN
taxlaw-2791	489	20	/	/	SYM
taxlaw-2791	489	21	deduction	deduction	NOUN
taxlaw-2791	489	22	approach	approach	NOUN
taxlaw-2791	489	23	)	)	PUNCT
taxlaw-2791	489	24	.	.	PUNCT
taxlaw-2791	490	1	under	under	ADP
taxlaw-2791	490	2	current	current	ADJ
taxlaw-2791	490	3	law	law	NOUN
taxlaw-2791	490	4	,	,	PUNCT
taxlaw-2791	490	5	taxable	taxable	ADJ
taxlaw-2791	490	6	individual	individual	ADJ
taxlaw-2791	490	7	investors	investor	NOUN
taxlaw-2791	490	8	’	'	PUNCT
taxlaw-2791	490	9	share	share	NOUN
taxlaw-2791	490	10	of	of	ADP
taxlaw-2791	490	11	capital	capital	NOUN
taxlaw-2791	490	12	gain	gain	NOUN
taxlaw-2791	490	13	is	be	AUX
taxlaw-2791	490	14	partially	partially	ADV
taxlaw-2791	490	15	offset	offset	VERB
taxlaw-2791	490	16	by	by	ADP
taxlaw-2791	490	17	capital	capital	NOUN
taxlaw-2791	490	18	gain	gain	NOUN
taxlaw-2791	490	19	shifted	shift	VERB
taxlaw-2791	490	20	to	to	ADP
taxlaw-2791	490	21	the	the	DET
taxlaw-2791	490	22	service	service	NOUN
taxlaw-2791	490	23	partner	partner	NOUN
taxlaw-2791	490	24	as	as	ADP
taxlaw-2791	490	25	compensation	compensation	NOUN
taxlaw-2791	490	26	for	for	ADP
taxlaw-2791	490	27	investment	investment	NOUN
taxlaw-2791	490	28	services	service	NOUN
taxlaw-2791	490	29	.	.	PUNCT
taxlaw-2791	491	1	see	see	VERB
taxlaw-2791	491	2	knoll	knoll	NOUN
taxlaw-2791	491	3	,	,	PUNCT
taxlaw-2791	491	4	supra	supra	PROPN
taxlaw-2791	491	5	note	note	NOUN
taxlaw-2791	491	6	6	6	NUM
taxlaw-2791	491	7	,	,	PUNCT
taxlaw-2791	491	8	at	at	ADP
taxlaw-2791	491	9	157–58	157–58	NUM
taxlaw-2791	491	10	(	(	PUNCT
taxlaw-2791	491	11	noting	note	VERB
taxlaw-2791	491	12	that	that	SCONJ
taxlaw-2791	491	13	investors	investor	NOUN
taxlaw-2791	491	14	are	be	AUX
taxlaw-2791	491	15	taxed	tax	VERB
taxlaw-2791	491	16	like	like	ADP
taxlaw-2791	491	17	any	any	DET
taxlaw-2791	491	18	other	other	ADJ
taxlaw-2791	491	19	investor	investor	NOUN
taxlaw-2791	491	20	in	in	ADP
taxlaw-2791	491	21	a	a	DET
taxlaw-2791	491	22	capital	capital	NOUN
taxlaw-2791	491	23	asset	asset	NOUN
taxlaw-2791	491	24	)	)	PUNCT
taxlaw-2791	491	25	.	.	PUNCT
taxlaw-2791	492	1	84	84	NUM
taxlaw-2791	492	2	.	.	PUNCT
taxlaw-2791	492	3	denial	denial	NOUN
taxlaw-2791	492	4	of	of	ADP
taxlaw-2791	492	5	a	a	DET
taxlaw-2791	492	6	deduction	deduction	NOUN
taxlaw-2791	492	7	to	to	ADP
taxlaw-2791	492	8	the	the	DET
taxlaw-2791	492	9	investors	investor	NOUN
taxlaw-2791	492	10	may	may	AUX
taxlaw-2791	492	11	be	be	AUX
taxlaw-2791	492	12	justified	justify	VERB
taxlaw-2791	492	13	on	on	ADP
taxlaw-2791	492	14	the	the	DET
taxlaw-2791	492	15	ground	ground	NOUN
taxlaw-2791	492	16	that	that	SCONJ
taxlaw-2791	492	17	it	it	PRON
taxlaw-2791	492	18	“	"	PUNCT
taxlaw-2791	492	19	avoids	avoid	VERB
taxlaw-2791	492	20	the	the	DET
taxlaw-2791	492	21	situation	situation	NOUN
taxlaw-2791	492	22	in	in	ADP
taxlaw-2791	492	23	which	which	PRON
taxlaw-2791	492	24	individual	individual	ADJ
taxlaw-2791	492	25	investors	investor	NOUN
taxlaw-2791	492	26	get	get	VERB
taxlaw-2791	492	27	the	the	DET
taxlaw-2791	492	28	tax	tax	NOUN
taxlaw-2791	492	29	benefit	benefit	NOUN
taxlaw-2791	492	30	of	of	ADP
taxlaw-2791	492	31	concurrent	concurrent	ADJ
taxlaw-2791	492	32	capital	capital	NOUN
taxlaw-2791	492	33	gain	gain	NOUN
taxlaw-2791	492	34	income	income	NOUN
taxlaw-2791	492	35	and	and	CCONJ
taxlaw-2791	492	36	an	an	DET
taxlaw-2791	492	37	ordinary	ordinary	ADJ
taxlaw-2791	492	38	deduction	deduction	NOUN
taxlaw-2791	492	39	.	.	PUNCT
taxlaw-2791	492	40	”	"	PUNCT
taxlaw-2791	493	1	gergen	gergen	PROPN
taxlaw-2791	493	2	,	,	PUNCT
taxlaw-2791	493	3	supra	supra	PROPN
taxlaw-2791	493	4	note	note	NOUN
taxlaw-2791	493	5	12	12	NUM
taxlaw-2791	493	6	,	,	PUNCT
taxlaw-2791	493	7	at	at	ADP
taxlaw-2791	493	8	149	149	NUM
taxlaw-2791	493	9	n.2	n.2	NOUN
taxlaw-2791	493	10	.	.	PUNCT
taxlaw-2791	494	1	see	see	VERB
taxlaw-2791	494	2	also	also	ADV
taxlaw-2791	494	3	knoll	knoll	NOUN
taxlaw-2791	494	4	,	,	PUNCT
taxlaw-2791	494	5	supra	supra	PROPN
taxlaw-2791	494	6	note	note	NOUN
taxlaw-2791	494	7	6	6	NUM
taxlaw-2791	494	8	,	,	PUNCT
taxlaw-2791	494	9	at	at	ADP
taxlaw-2791	494	10	157	157	NUM
taxlaw-2791	494	11	(	(	PUNCT
taxlaw-2791	494	12	allowing	allow	VERB
taxlaw-2791	494	13	an	an	DET
taxlaw-2791	494	14	ordinary	ordinary	ADJ
taxlaw-2791	494	15	deduction	deduction	NOUN
taxlaw-2791	494	16	would	would	AUX
taxlaw-2791	494	17	potentially	potentially	ADV
taxlaw-2791	494	18	convert	convert	VERB
taxlaw-2791	494	19	“	"	PUNCT
taxlaw-2791	494	20	private	private	ADJ
taxlaw-2791	494	21	equity	equity	NOUN
taxlaw-2791	494	22	limited	limit	VERB
taxlaw-2791	494	23	partnership	partnership	NOUN
taxlaw-2791	494	24	interests	interest	NOUN
taxlaw-2791	495	1	[	[	X
taxlaw-2791	495	2	into	into	ADP
taxlaw-2791	495	3	]	]	PUNCT
taxlaw-2791	495	4	tax	tax	NOUN
taxlaw-2791	495	5	-	-	PUNCT
taxlaw-2791	495	6	advantaged	advantaged	ADJ
taxlaw-2791	495	7	assets	asset	NOUN
taxlaw-2791	495	8	”	"	PUNCT
taxlaw-2791	495	9	)	)	PUNCT
taxlaw-2791	495	10	.	.	PUNCT
taxlaw-2791	496	1	85	85	NUM
taxlaw-2791	496	2	.	.	PUNCT
taxlaw-2791	497	1	while	while	SCONJ
taxlaw-2791	497	2	the	the	DET
taxlaw-2791	497	3	option	option	NOUN
taxlaw-2791	497	4	of	of	ADP
taxlaw-2791	497	5	paying	pay	VERB
taxlaw-2791	497	6	cash	cash	NOUN
taxlaw-2791	497	7	to	to	PART
taxlaw-2791	497	8	gp	gp	NOUN
taxlaw-2791	497	9	offers	offer	VERB
taxlaw-2791	497	10	“	"	PUNCT
taxlaw-2791	497	11	a	a	DET
taxlaw-2791	497	12	cheap	cheap	ADJ
taxlaw-2791	497	13	and	and	CCONJ
taxlaw-2791	497	14	easy	easy	ADJ
taxlaw-2791	497	15	design	design	NOUN
taxlaw-2791	497	16	around	around	ADP
taxlaw-2791	497	17	”	"	PUNCT
taxlaw-2791	497	18	the	the	DET
taxlaw-2791	497	19	proposed	propose	VERB
taxlaw-2791	497	20	legislation	legislation	NOUN
taxlaw-2791	497	21	,	,	PUNCT
taxlaw-2791	497	22	there	there	PRON
taxlaw-2791	497	23	are	be	VERB
taxlaw-2791	497	24	no	no	DET
taxlaw-2791	497	25	practicable	practicable	ADJ
taxlaw-2791	497	26	alternatives	alternative	NOUN
taxlaw-2791	497	27	to	to	PART
taxlaw-2791	497	28	prevent	prevent	VERB
taxlaw-2791	497	29	such	such	ADJ
taxlaw-2791	497	30	self	self	NOUN
taxlaw-2791	497	31	-	-	PUNCT
taxlaw-2791	497	32	help	help	NOUN
taxlaw-2791	497	33	measures	measure	NOUN
taxlaw-2791	497	34	.	.	PUNCT
taxlaw-2791	498	1	22	22	NUM
taxlaw-2791	498	2	columbia	columbia	PROPN
taxlaw-2791	498	3	jour	jour	PROPN
taxlaw-2791	498	4	�	�	PROPN
taxlaw-2791	498	5	al	al	PROPN
taxlaw-2791	498	6	of	of	ADP
taxlaw-2791	498	7	tax	tax	NOUN
taxlaw-2791	498	8	law	law	NOUN
taxlaw-2791	499	1	[	[	X
taxlaw-2791	499	2	vol	vol	NOUN
taxlaw-2791	499	3	.	.	PUNCT
taxlaw-2791	499	4	1:1	1:1	NUM
taxlaw-2791	500	1	it	it	PRON
taxlaw-2791	500	2	is	be	AUX
taxlaw-2791	500	3	useful	useful	ADJ
taxlaw-2791	500	4	to	to	PART
taxlaw-2791	500	5	compare	compare	VERB
taxlaw-2791	500	6	the	the	DET
taxlaw-2791	500	7	recharacterization	recharacterization	ADJ
taxlaw-2791	500	8	approach	approach	NOUN
taxlaw-2791	500	9	of	of	ADP
taxlaw-2791	500	10	§	§	PROPN
taxlaw-2791	500	11	710	710	NUM
taxlaw-2791	500	12	with	with	ADP
taxlaw-2791	500	13	the	the	DET
taxlaw-2791	500	14	entity	entity	NOUN
taxlaw-2791	500	15	approach	approach	NOUN
taxlaw-2791	500	16	of	of	ADP
taxlaw-2791	500	17	§	§	PROPN
taxlaw-2791	500	18	707(a)(2)(a	707(a)(2)(a	PROPN
taxlaw-2791	500	19	)	)	PUNCT
taxlaw-2791	500	20	which	which	PRON
taxlaw-2791	500	21	would	would	AUX
taxlaw-2791	500	22	treat	treat	VERB
taxlaw-2791	500	23	the	the	DET
taxlaw-2791	500	24	partnership	partnership	NOUN
taxlaw-2791	500	25	as	as	ADP
taxlaw-2791	500	26	paying	pay	VERB
taxlaw-2791	500	27	compensation	compensation	NOUN
taxlaw-2791	500	28	to	to	PART
taxlaw-2791	500	29	gp	gp	VERB
taxlaw-2791	500	30	as	as	ADP
taxlaw-2791	500	31	a	a	DET
taxlaw-2791	500	32	third	third	ADJ
taxlaw-2791	500	33	-	-	PUNCT
taxlaw-2791	500	34	party	party	NOUN
taxlaw-2791	500	35	service	service	NOUN
taxlaw-2791	500	36	provider	provider	NOUN
taxlaw-2791	500	37	.	.	PUNCT
taxlaw-2791	501	1	under	under	ADP
taxlaw-2791	501	2	the	the	DET
taxlaw-2791	501	3	inclusion	inclusion	NOUN
taxlaw-2791	501	4	/	/	SYM
taxlaw-2791	501	5	deduction	deduction	NOUN
taxlaw-2791	501	6	approach	approach	NOUN
taxlaw-2791	501	7	of	of	ADP
taxlaw-2791	501	8	§	§	PROPN
taxlaw-2791	501	9	707(a)(2)(a	707(a)(2)(a	PROPN
taxlaw-2791	501	10	)	)	PUNCT
taxlaw-2791	501	11	,	,	PUNCT
taxlaw-2791	501	12	lp	lp	PRON
taxlaw-2791	501	13	would	would	AUX
taxlaw-2791	501	14	include	include	VERB
taxlaw-2791	501	15	p	p	X
taxlaw-2791	501	16	’s	’s	ADJ
taxlaw-2791	501	17	entire	entire	ADJ
taxlaw-2791	501	18	income	income	NOUN
taxlaw-2791	501	19	and	and	CCONJ
taxlaw-2791	501	20	would	would	AUX
taxlaw-2791	501	21	deduct	deduct	VERB
taxlaw-2791	501	22	(	(	PUNCT
taxlaw-2791	501	23	or	or	CCONJ
taxlaw-2791	501	24	capitalize	capitalize	VERB
taxlaw-2791	501	25	)	)	PUNCT
taxlaw-2791	501	26	the	the	DET
taxlaw-2791	501	27	implicit	implicit	ADJ
taxlaw-2791	501	28	salary.86	salary.86	NOUN
taxlaw-2791	501	29	when	when	SCONJ
taxlaw-2791	501	30	gp	gp	NOUN
taxlaw-2791	501	31	’s	’s	PART
taxlaw-2791	501	32	implicit	implicit	ADJ
taxlaw-2791	501	33	salary	salary	NOUN
taxlaw-2791	501	34	is	be	AUX
taxlaw-2791	501	35	capitalized	capitalize	VERB
taxlaw-2791	501	36	,	,	PUNCT
taxlaw-2791	501	37	taxing	tax	VERB
taxlaw-2791	501	38	lp	lp	NOUN
taxlaw-2791	501	39	on	on	ADP
taxlaw-2791	501	40	only	only	ADV
taxlaw-2791	501	41	80	80	NUM
taxlaw-2791	501	42	%	%	NOUN
taxlaw-2791	501	43	of	of	ADP
taxlaw-2791	501	44	overall	overall	ADJ
taxlaw-2791	501	45	gain	gain	NOUN
taxlaw-2791	501	46	achieves	achieve	VERB
taxlaw-2791	501	47	roughly	roughly	ADV
taxlaw-2791	501	48	the	the	DET
taxlaw-2791	501	49	same	same	ADJ
taxlaw-2791	501	50	result	result	NOUN
taxlaw-2791	501	51	as	as	ADP
taxlaw-2791	501	52	under	under	ADP
taxlaw-2791	501	53	§	§	PROPN
taxlaw-2791	501	54	707(a)(2)(a).87	707(a)(2)(a).87	NUM
taxlaw-2791	501	55	under	under	ADP
taxlaw-2791	501	56	the	the	DET
taxlaw-2791	501	57	§	§	PROPN
taxlaw-2791	501	58	707(a)(2)(a	707(a)(2)(a	PROPN
taxlaw-2791	501	59	)	)	PUNCT
taxlaw-2791	501	60	approach	approach	NOUN
taxlaw-2791	501	61	,	,	PUNCT
taxlaw-2791	501	62	lp	lp	PRON
taxlaw-2791	501	63	would	would	AUX
taxlaw-2791	501	64	be	be	AUX
taxlaw-2791	501	65	forced	force	VERB
taxlaw-2791	501	66	to	to	PART
taxlaw-2791	501	67	include	include	VERB
taxlaw-2791	501	68	all	all	PRON
taxlaw-2791	501	69	of	of	ADP
taxlaw-2791	501	70	p	p	X
taxlaw-2791	501	71	’s	’s	PART
taxlaw-2791	501	72	income	income	NOUN
taxlaw-2791	501	73	with	with	ADP
taxlaw-2791	501	74	a	a	DET
taxlaw-2791	501	75	potential	potential	ADJ
taxlaw-2791	501	76	offsetting	offset	VERB
taxlaw-2791	501	77	deduction	deduction	NOUN
taxlaw-2791	501	78	.	.	PUNCT
taxlaw-2791	502	1	by	by	ADP
taxlaw-2791	502	2	contrast	contrast	NOUN
taxlaw-2791	502	3	,	,	PUNCT
taxlaw-2791	502	4	the	the	DET
taxlaw-2791	502	5	§	§	PROPN
taxlaw-2791	502	6	710	710	NUM
taxlaw-2791	502	7	approach	approach	NOUN
taxlaw-2791	502	8	omits	omit	VERB
taxlaw-2791	502	9	the	the	DET
taxlaw-2791	502	10	final	final	ADJ
taxlaw-2791	502	11	step	step	NOUN
taxlaw-2791	502	12	of	of	ADP
taxlaw-2791	502	13	forcing	force	VERB
taxlaw-2791	502	14	lp	lp	NOUN
taxlaw-2791	502	15	to	to	PART
taxlaw-2791	502	16	deduct	deduct	VERB
taxlaw-2791	502	17	or	or	CCONJ
taxlaw-2791	502	18	capitalize	capitalize	VERB
taxlaw-2791	502	19	the	the	DET
taxlaw-2791	502	20	expense	expense	NOUN
taxlaw-2791	502	21	.	.	PUNCT
taxlaw-2791	503	1	if	if	SCONJ
taxlaw-2791	503	2	the	the	DET
taxlaw-2791	503	3	implicit	implicit	ADJ
taxlaw-2791	503	4	salary	salary	NOUN
taxlaw-2791	503	5	would	would	AUX
taxlaw-2791	503	6	be	be	AUX
taxlaw-2791	503	7	a	a	DET
taxlaw-2791	503	8	disallowed	disallow	VERB
taxlaw-2791	503	9	expense	expense	NOUN
taxlaw-2791	503	10	,	,	PUNCT
taxlaw-2791	503	11	the	the	DET
taxlaw-2791	503	12	recharacterization	recharacterization	NOUN
taxlaw-2791	503	13	/	/	SYM
taxlaw-2791	503	14	exclusion	exclusion	NOUN
taxlaw-2791	503	15	approach	approach	NOUN
taxlaw-2791	503	16	of	of	ADP
taxlaw-2791	503	17	§	§	PROPN
taxlaw-2791	503	18	710	710	NUM
taxlaw-2791	503	19	treats	treat	NOUN
taxlaw-2791	503	20	lp	lp	ADV
taxlaw-2791	503	21	too	too	ADV
taxlaw-2791	503	22	generously	generously	ADV
taxlaw-2791	503	23	by	by	ADP
taxlaw-2791	503	24	giving	give	VERB
taxlaw-2791	503	25	lp	lp	ADP
taxlaw-2791	503	26	the	the	DET
taxlaw-2791	503	27	equivalent	equivalent	NOUN
taxlaw-2791	503	28	of	of	ADP
taxlaw-2791	503	29	a	a	DET
taxlaw-2791	503	30	deduction.88	deduction.88	PROPN
taxlaw-2791	503	31	the	the	DET
taxlaw-2791	503	32	net	net	ADJ
taxlaw-2791	503	33	result	result	NOUN
taxlaw-2791	503	34	is	be	AUX
taxlaw-2791	503	35	that	that	SCONJ
taxlaw-2791	503	36	§	§	PROPN
taxlaw-2791	503	37	710	710	NUM
taxlaw-2791	503	38	will	will	AUX
taxlaw-2791	503	39	often	often	ADV
taxlaw-2791	503	40	result	result	VERB
taxlaw-2791	503	41	in	in	ADP
taxlaw-2791	503	42	unwarranted	unwarranted	ADJ
taxlaw-2791	503	43	bonuses	bonus	NOUN
taxlaw-2791	503	44	or	or	CCONJ
taxlaw-2791	503	45	penalties	penalty	NOUN
taxlaw-2791	503	46	,	,	PUNCT
taxlaw-2791	503	47	subject	subject	ADJ
taxlaw-2791	503	48	to	to	ADP
taxlaw-2791	503	49	transactional	transactional	ADJ
taxlaw-2791	503	50	elections	election	NOUN
taxlaw-2791	503	51	to	to	PART
taxlaw-2791	503	52	vary	vary	VERB
taxlaw-2791	503	53	the	the	DET
taxlaw-2791	503	54	results	result	NOUN
taxlaw-2791	503	55	to	to	PART
taxlaw-2791	503	56	minimize	minimize	VERB
taxlaw-2791	503	57	the	the	DET
taxlaw-2791	503	58	parties	party	NOUN
taxlaw-2791	503	59	’	’	PART
taxlaw-2791	503	60	joint	joint	ADJ
taxlaw-2791	503	61	taxes	taxis	NOUN
taxlaw-2791	503	62	.	.	PUNCT
taxlaw-2791	504	1	when	when	SCONJ
taxlaw-2791	504	2	lp	lp	NOUN
taxlaw-2791	504	3	is	be	AUX
taxlaw-2791	504	4	tax	tax	NOUN
taxlaw-2791	504	5	exempt	exempt	ADJ
taxlaw-2791	504	6	(	(	PUNCT
taxlaw-2791	504	7	or	or	CCONJ
taxlaw-2791	504	8	otherwise	otherwise	ADV
taxlaw-2791	504	9	tax	tax	NOUN
taxlaw-2791	504	10	indifferent	indifferent	NOUN
taxlaw-2791	504	11	)	)	PUNCT
taxlaw-2791	504	12	,	,	PUNCT
taxlaw-2791	504	13	§	§	PROPN
taxlaw-2791	504	14	710	710	NUM
taxlaw-2791	504	15	eliminates	eliminate	VERB
taxlaw-2791	504	16	the	the	DET
taxlaw-2791	504	17	joint	joint	ADJ
taxlaw-2791	504	18	-	-	PUNCT
taxlaw-2791	504	19	tax	tax	NOUN
taxlaw-2791	504	20	windfall	windfall	NOUN
taxlaw-2791	504	21	resulting	result	VERB
taxlaw-2791	504	22	from	from	ADP
taxlaw-2791	504	23	conversion	conversion	NOUN
taxlaw-2791	504	24	of	of	ADP
taxlaw-2791	504	25	ordinary	ordinary	ADJ
taxlaw-2791	504	26	income	income	NOUN
taxlaw-2791	504	27	into	into	ADP
taxlaw-2791	504	28	capital	capital	NOUN
taxlaw-2791	504	29	gain.89	gain.89	NOUN
taxlaw-2791	504	30	under	under	ADP
taxlaw-2791	504	31	current	current	ADJ
taxlaw-2791	504	32	law	law	NOUN
taxlaw-2791	504	33	,	,	PUNCT
taxlaw-2791	504	34	both	both	PRON
taxlaw-2791	504	35	gp	gp	NOUN
taxlaw-2791	504	36	and	and	CCONJ
taxlaw-2791	504	37	taxable	taxable	ADJ
taxlaw-2791	504	38	individual	individual	ADJ
taxlaw-2791	504	39	lps	lps	PROPN
taxlaw-2791	504	40	have	have	VERB
taxlaw-2791	504	41	an	an	DET
taxlaw-2791	504	42	incentive	incentive	NOUN
taxlaw-2791	504	43	to	to	PART
taxlaw-2791	504	44	structure	structure	NOUN
taxlaw-2791	504	45	compensation	compensation	NOUN
taxlaw-2791	504	46	as	as	SCONJ
taxlaw-2791	504	47	carry	carry	VERB
taxlaw-2791	504	48	rather	rather	ADV
taxlaw-2791	504	49	than	than	ADP
taxlaw-2791	504	50	as	as	ADP
taxlaw-2791	504	51	a	a	DET
taxlaw-2791	504	52	fee	fee	NOUN
taxlaw-2791	504	53	to	to	PART
taxlaw-2791	504	54	avoid	avoid	VERB
taxlaw-2791	504	55	the	the	DET
taxlaw-2791	504	56	§	§	ADJ
taxlaw-2791	504	57	212	212	NUM
taxlaw-2791	504	58	limitation	limitation	NOUN
taxlaw-2791	504	59	on	on	ADP
taxlaw-2791	504	60	the	the	DET
taxlaw-2791	504	61	deductibility	deductibility	NOUN
taxlaw-2791	504	62	of	of	ADP
taxlaw-2791	504	63	investment	investment	NOUN
taxlaw-2791	504	64	-	-	PUNCT
taxlaw-2791	504	65	type	type	NOUN
taxlaw-2791	504	66	expenses.90	expenses.90	ADV
taxlaw-2791	504	67	if	if	SCONJ
taxlaw-2791	504	68	expenses	expense	NOUN
taxlaw-2791	504	69	passed	pass	VERB
taxlaw-2791	504	70	through	through	ADP
taxlaw-2791	504	71	to	to	ADP
taxlaw-2791	504	72	individual	individual	ADJ
taxlaw-2791	504	73	taxable	taxable	ADJ
taxlaw-2791	504	74	investors	investor	NOUN
taxlaw-2791	504	75	are	be	AUX
taxlaw-2791	504	76	properly	properly	ADV
taxlaw-2791	504	77	treated	treat	VERB
taxlaw-2791	504	78	as	as	ADP
taxlaw-2791	504	79	§	§	PROPN
taxlaw-2791	504	80	212	212	NUM
taxlaw-2791	504	81	expenses	expense	NOUN
taxlaw-2791	504	82	,	,	PUNCT
taxlaw-2791	504	83	they	they	PRON
taxlaw-2791	504	84	may	may	AUX
taxlaw-2791	504	85	result	result	VERB
taxlaw-2791	504	86	in	in	ADP
taxlaw-2791	504	87	gergen	gergen	NOUN
taxlaw-2791	504	88	,	,	PUNCT
taxlaw-2791	504	89	supra	supra	PROPN
taxlaw-2791	504	90	note	note	NOUN
taxlaw-2791	504	91	12	12	NUM
taxlaw-2791	504	92	,	,	PUNCT
taxlaw-2791	504	93	at	at	ADP
taxlaw-2791	504	94	140	140	NUM
taxlaw-2791	504	95	;	;	PUNCT
taxlaw-2791	504	96	cf	cf	X
taxlaw-2791	504	97	.	.	PUNCT
taxlaw-2791	505	1	i	i	PRON
taxlaw-2791	505	2	d.	d.	PROPN
taxlaw-2791	505	3	(	(	PUNCT
taxlaw-2791	505	4	suggesting	suggest	VERB
taxlaw-2791	505	5	treating	treat	VERB
taxlaw-2791	505	6	compensation	compensation	NOUN
taxlaw-2791	505	7	contingent	contingent	NOUN
taxlaw-2791	505	8	on	on	ADP
taxlaw-2791	505	9	profits	profit	NOUN
taxlaw-2791	505	10	“	"	PUNCT
taxlaw-2791	505	11	as	as	ADP
taxlaw-2791	505	12	an	an	DET
taxlaw-2791	505	13	allocation	allocation	NOUN
taxlaw-2791	505	14	of	of	ADP
taxlaw-2791	505	15	those	those	DET
taxlaw-2791	505	16	profits	profit	NOUN
taxlaw-2791	505	17	however	however	ADV
taxlaw-2791	505	18	the	the	DET
taxlaw-2791	505	19	payment	payment	NOUN
taxlaw-2791	505	20	is	be	AUX
taxlaw-2791	505	21	formally	formally	ADV
taxlaw-2791	505	22	characterized	characterize	VERB
taxlaw-2791	505	23	”	"	PUNCT
taxlaw-2791	505	24	)	)	PUNCT
taxlaw-2791	505	25	.	.	PUNCT
taxlaw-2791	506	1	86	86	NUM
taxlaw-2791	506	2	.	.	PUNCT
taxlaw-2791	507	1	both	both	DET
taxlaw-2791	507	2	§	§	PROPN
taxlaw-2791	507	3	707(a	707(a	PROPN
taxlaw-2791	507	4	)	)	PUNCT
taxlaw-2791	507	5	payments	payment	NOUN
taxlaw-2791	507	6	and	and	CCONJ
taxlaw-2791	507	7	§	§	PROPN
taxlaw-2791	507	8	707(c	707(c	PROPN
taxlaw-2791	507	9	)	)	PUNCT
taxlaw-2791	507	10	payments	payment	NOUN
taxlaw-2791	507	11	are	be	AUX
taxlaw-2791	507	12	subject	subject	ADJ
taxlaw-2791	507	13	to	to	ADP
taxlaw-2791	507	14	the	the	DET
taxlaw-2791	507	15	capitalization	capitalization	NOUN
taxlaw-2791	507	16	requirement	requirement	NOUN
taxlaw-2791	507	17	of	of	ADP
taxlaw-2791	507	18	§	§	PROPN
taxlaw-2791	507	19	263	263	NUM
taxlaw-2791	507	20	.	.	PUNCT
taxlaw-2791	508	1	if	if	SCONJ
taxlaw-2791	508	2	the	the	DET
taxlaw-2791	508	3	partnership	partnership	NOUN
taxlaw-2791	508	4	is	be	AUX
taxlaw-2791	508	5	required	require	VERB
taxlaw-2791	508	6	to	to	PART
taxlaw-2791	508	7	capitalize	capitalize	VERB
taxlaw-2791	508	8	a	a	DET
taxlaw-2791	508	9	salary	salary	NOUN
taxlaw-2791	508	10	payment	payment	NOUN
taxlaw-2791	508	11	(	(	PUNCT
taxlaw-2791	508	12	or	or	CCONJ
taxlaw-2791	508	13	the	the	DET
taxlaw-2791	508	14	deduction	deduction	NOUN
taxlaw-2791	508	15	is	be	AUX
taxlaw-2791	508	16	disallowed	disallow	VERB
taxlaw-2791	508	17	)	)	PUNCT
taxlaw-2791	508	18	,	,	PUNCT
taxlaw-2791	508	19	§	§	PROPN
taxlaw-2791	508	20	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	508	21	)	)	PUNCT
taxlaw-2791	508	22	prevents	prevent	VERB
taxlaw-2791	508	23	conversion	conversion	NOUN
taxlaw-2791	508	24	of	of	ADP
taxlaw-2791	508	25	long	long	ADJ
taxlaw-2791	508	26	-	-	PUNCT
taxlaw-2791	508	27	term	term	NOUN
taxlaw-2791	508	28	capital	capital	NOUN
taxlaw-2791	508	29	gain	gain	NOUN
taxlaw-2791	508	30	into	into	ADP
taxlaw-2791	508	31	ordinary	ordinary	ADJ
taxlaw-2791	508	32	income	income	NOUN
taxlaw-2791	508	33	.	.	PUNCT
taxlaw-2791	509	1	for	for	ADP
taxlaw-2791	509	2	example	example	NOUN
taxlaw-2791	509	3	,	,	PUNCT
taxlaw-2791	509	4	assume	assume	VERB
taxlaw-2791	509	5	that	that	SCONJ
taxlaw-2791	509	6	p	p	PROPN
taxlaw-2791	509	7	has	have	VERB
taxlaw-2791	509	8	$	$	SYM
taxlaw-2791	509	9	100	100	NUM
taxlaw-2791	509	10	of	of	ADP
taxlaw-2791	509	11	long	long	ADJ
taxlaw-2791	509	12	-	-	PUNCT
taxlaw-2791	509	13	term	term	NOUN
taxlaw-2791	509	14	capital	capital	NOUN
taxlaw-2791	509	15	gain	gain	NOUN
taxlaw-2791	509	16	,	,	PUNCT
taxlaw-2791	509	17	of	of	ADP
taxlaw-2791	509	18	which	which	PRON
taxlaw-2791	509	19	$	$	SYM
taxlaw-2791	509	20	20	20	NUM
taxlaw-2791	509	21	is	be	AUX
taxlaw-2791	509	22	taxed	tax	VERB
taxlaw-2791	509	23	to	to	PART
taxlaw-2791	509	24	gp	gp	VERB
taxlaw-2791	509	25	.	.	PUNCT
taxlaw-2791	510	1	if	if	SCONJ
taxlaw-2791	510	2	the	the	DET
taxlaw-2791	510	3	$	$	SYM
taxlaw-2791	510	4	20	20	NUM
taxlaw-2791	510	5	of	of	ADP
taxlaw-2791	510	6	implicit	implicit	ADJ
taxlaw-2791	510	7	salary	salary	NOUN
taxlaw-2791	510	8	is	be	AUX
taxlaw-2791	510	9	capitalized	capitalize	VERB
taxlaw-2791	510	10	,	,	PUNCT
taxlaw-2791	510	11	p	p	DET
taxlaw-2791	510	12	’s	’s	PART
taxlaw-2791	510	13	deduction	deduction	NOUN
taxlaw-2791	510	14	is	be	AUX
taxlaw-2791	510	15	eliminated	eliminate	VERB
taxlaw-2791	510	16	,	,	PUNCT
taxlaw-2791	510	17	leaving	leave	VERB
taxlaw-2791	510	18	lp	lp	NOUN
taxlaw-2791	510	19	with	with	ADP
taxlaw-2791	510	20	$	$	SYM
taxlaw-2791	510	21	80	80	NUM
taxlaw-2791	510	22	of	of	ADP
taxlaw-2791	510	23	long	long	ADJ
taxlaw-2791	510	24	-	-	PUNCT
taxlaw-2791	510	25	term	term	NOUN
taxlaw-2791	510	26	capital	capital	NOUN
taxlaw-2791	510	27	gain	gain	NOUN
taxlaw-2791	510	28	(	(	PUNCT
taxlaw-2791	510	29	$	$	SYM
taxlaw-2791	510	30	100	100	NUM
taxlaw-2791	510	31	less	less	ADJ
taxlaw-2791	510	32	$	$	SYM
taxlaw-2791	510	33	20	20	NUM
taxlaw-2791	510	34	basis	basis	NOUN
taxlaw-2791	510	35	offset	offset	NOUN
taxlaw-2791	510	36	)	)	PUNCT
taxlaw-2791	510	37	and	and	CCONJ
taxlaw-2791	510	38	gp	gp	VERB
taxlaw-2791	510	39	with	with	ADP
taxlaw-2791	510	40	$	$	SYM
taxlaw-2791	510	41	20	20	NUM
taxlaw-2791	510	42	of	of	ADP
taxlaw-2791	510	43	ordinary	ordinary	ADJ
taxlaw-2791	510	44	income	income	NOUN
taxlaw-2791	510	45	.	.	PUNCT
taxlaw-2791	511	1	87	87	NUM
taxlaw-2791	511	2	.	.	PUNCT
taxlaw-2791	512	1	see	see	VERB
taxlaw-2791	512	2	knoll	knoll	NOUN
taxlaw-2791	512	3	,	,	PUNCT
taxlaw-2791	512	4	supra	supra	PROPN
taxlaw-2791	512	5	note	note	NOUN
taxlaw-2791	512	6	6	6	NUM
taxlaw-2791	512	7	,	,	PUNCT
taxlaw-2791	512	8	at	at	ADP
taxlaw-2791	512	9	128	128	NUM
taxlaw-2791	512	10	n.78	n.78	NOUN
taxlaw-2791	512	11	(	(	PUNCT
taxlaw-2791	512	12	discussing	discuss	VERB
taxlaw-2791	512	13	uncertainty	uncertainty	NOUN
taxlaw-2791	512	14	under	under	ADP
taxlaw-2791	512	15	current	current	ADJ
taxlaw-2791	512	16	law	law	NOUN
taxlaw-2791	512	17	concerning	concern	VERB
taxlaw-2791	512	18	whether	whether	SCONJ
taxlaw-2791	512	19	investment	investment	NOUN
taxlaw-2791	512	20	fees	fee	NOUN
taxlaw-2791	512	21	(	(	PUNCT
taxlaw-2791	512	22	paid	pay	VERB
taxlaw-2791	512	23	in	in	ADP
taxlaw-2791	512	24	cash	cash	NOUN
taxlaw-2791	512	25	upfront	upfront	NOUN
taxlaw-2791	512	26	)	)	PUNCT
taxlaw-2791	512	27	would	would	AUX
taxlaw-2791	512	28	be	be	AUX
taxlaw-2791	512	29	deductible	deductible	ADJ
taxlaw-2791	512	30	immediately	immediately	ADV
taxlaw-2791	512	31	or	or	CCONJ
taxlaw-2791	512	32	capitalized	capitalize	VERB
taxlaw-2791	512	33	and	and	CCONJ
taxlaw-2791	512	34	amortized	amortize	VERB
taxlaw-2791	512	35	over	over	ADP
taxlaw-2791	512	36	time	time	NOUN
taxlaw-2791	512	37	)	)	PUNCT
taxlaw-2791	512	38	;	;	PUNCT
taxlaw-2791	513	1	sanchirico	sanchirico	NOUN
taxlaw-2791	513	2	,	,	PUNCT
taxlaw-2791	513	3	supra	supra	ADJ
taxlaw-2791	513	4	note	note	NOUN
taxlaw-2791	513	5	5	5	NUM
taxlaw-2791	513	6	,	,	PUNCT
taxlaw-2791	513	7	at	at	ADP
taxlaw-2791	513	8	1076	1076	NUM
taxlaw-2791	513	9	n.13	n.13	NUM
taxlaw-2791	513	10	(	(	PUNCT
taxlaw-2791	513	11	assuming	assume	VERB
taxlaw-2791	513	12	fees	fee	NOUN
taxlaw-2791	513	13	would	would	AUX
taxlaw-2791	513	14	be	be	AUX
taxlaw-2791	513	15	immediately	immediately	ADV
taxlaw-2791	513	16	deductible	deductible	ADJ
taxlaw-2791	513	17	)	)	PUNCT
taxlaw-2791	513	18	;	;	PUNCT
taxlaw-2791	513	19	weisbach	weisbach	NOUN
taxlaw-2791	513	20	,	,	PUNCT
taxlaw-2791	513	21	supra	supra	ADJ
taxlaw-2791	513	22	note	note	PROPN
taxlaw-2791	513	23	14	14	NUM
taxlaw-2791	513	24	,	,	PUNCT
taxlaw-2791	513	25	at	at	ADP
taxlaw-2791	513	26	732	732	NUM
taxlaw-2791	513	27	(	(	PUNCT
taxlaw-2791	513	28	concluding	conclude	VERB
taxlaw-2791	513	29	that	that	SCONJ
taxlaw-2791	513	30	payments	payment	NOUN
taxlaw-2791	513	31	“	"	PUNCT
taxlaw-2791	513	32	would	would	AUX
taxlaw-2791	513	33	not	not	PART
taxlaw-2791	513	34	likely	likely	ADV
taxlaw-2791	513	35	have	have	VERB
taxlaw-2791	513	36	to	to	PART
taxlaw-2791	513	37	be	be	AUX
taxlaw-2791	513	38	capitalized	capitalize	VERB
taxlaw-2791	513	39	”	"	PUNCT
taxlaw-2791	513	40	)	)	PUNCT
taxlaw-2791	513	41	.	.	PUNCT
taxlaw-2791	514	1	88	88	NUM
taxlaw-2791	514	2	.	.	PUNCT
taxlaw-2791	515	1	cf	cf	NOUN
taxlaw-2791	515	2	.	.	PUNCT
taxlaw-2791	515	3	sanchirico	sanchirico	PROPN
taxlaw-2791	515	4	,	,	PUNCT
taxlaw-2791	515	5	supra	supra	ADJ
taxlaw-2791	515	6	note	note	NOUN
taxlaw-2791	515	7	5	5	NUM
taxlaw-2791	515	8	,	,	PUNCT
taxlaw-2791	515	9	at	at	ADP
taxlaw-2791	515	10	1127	1127	NUM
taxlaw-2791	515	11	(	(	PUNCT
taxlaw-2791	515	12	noting	note	VERB
taxlaw-2791	515	13	that	that	SCONJ
taxlaw-2791	515	14	permanent	permanent	ADJ
taxlaw-2791	515	15	disallowance	disallowance	NOUN
taxlaw-2791	515	16	is	be	AUX
taxlaw-2791	515	17	unlikely	unlikely	ADJ
taxlaw-2791	515	18	,	,	PUNCT
taxlaw-2791	515	19	since	since	SCONJ
taxlaw-2791	515	20	the	the	DET
taxlaw-2791	515	21	partnership	partnership	NOUN
taxlaw-2791	515	22	’s	’s	PART
taxlaw-2791	515	23	business	business	NOUN
taxlaw-2791	515	24	can	can	AUX
taxlaw-2791	515	25	be	be	AUX
taxlaw-2791	515	26	restructured	restructure	VERB
taxlaw-2791	515	27	to	to	PART
taxlaw-2791	515	28	ensure	ensure	VERB
taxlaw-2791	515	29	that	that	SCONJ
taxlaw-2791	515	30	“	"	PUNCT
taxlaw-2791	515	31	the	the	DET
taxlaw-2791	515	32	limited	limited	ADJ
taxlaw-2791	515	33	partner	partner	NOUN
taxlaw-2791	515	34	is	be	AUX
taxlaw-2791	515	35	able	able	ADJ
taxlaw-2791	515	36	at	at	ADP
taxlaw-2791	515	37	some	some	DET
taxlaw-2791	515	38	point	point	NOUN
taxlaw-2791	515	39	to	to	PART
taxlaw-2791	515	40	deduct	deduct	VERB
taxlaw-2791	515	41	at	at	ADP
taxlaw-2791	515	42	least	least	ADJ
taxlaw-2791	515	43	some	some	PRON
taxlaw-2791	515	44	portion	portion	NOUN
taxlaw-2791	515	45	of	of	ADP
taxlaw-2791	515	46	his	his	PRON
taxlaw-2791	515	47	distributive	distributive	ADJ
taxlaw-2791	515	48	share	share	NOUN
taxlaw-2791	515	49	”	"	PUNCT
taxlaw-2791	515	50	of	of	ADP
taxlaw-2791	515	51	the	the	DET
taxlaw-2791	515	52	imputed	impute	VERB
taxlaw-2791	515	53	salary	salary	NOUN
taxlaw-2791	515	54	expense	expense	NOUN
taxlaw-2791	515	55	)	)	PUNCT
taxlaw-2791	515	56	(	(	PUNCT
taxlaw-2791	515	57	emphasis	emphasis	NOUN
taxlaw-2791	515	58	added	add	VERB
taxlaw-2791	515	59	)	)	PUNCT
taxlaw-2791	515	60	.	.	PUNCT
taxlaw-2791	516	1	89	89	NUM
taxlaw-2791	516	2	.	.	PUNCT
taxlaw-2791	517	1	since	since	SCONJ
taxlaw-2791	517	2	corporate	corporate	ADJ
taxlaw-2791	517	3	partners	partner	NOUN
taxlaw-2791	517	4	do	do	AUX
taxlaw-2791	517	5	not	not	PART
taxlaw-2791	517	6	benefit	benefit	VERB
taxlaw-2791	517	7	from	from	ADP
taxlaw-2791	517	8	lower	low	ADJ
taxlaw-2791	517	9	capital	capital	NOUN
taxlaw-2791	517	10	gains	gain	NOUN
taxlaw-2791	517	11	rates	rate	NOUN
taxlaw-2791	517	12	,	,	PUNCT
taxlaw-2791	517	13	they	they	PRON
taxlaw-2791	517	14	are	be	AUX
taxlaw-2791	517	15	generally	generally	ADV
taxlaw-2791	517	16	indifferent	indifferent	ADJ
taxlaw-2791	517	17	between	between	ADP
taxlaw-2791	517	18	an	an	DET
taxlaw-2791	517	19	ordinary	ordinary	ADJ
taxlaw-2791	517	20	income	income	NOUN
taxlaw-2791	517	21	deduction	deduction	NOUN
taxlaw-2791	517	22	and	and	CCONJ
taxlaw-2791	517	23	reduced	reduce	VERB
taxlaw-2791	517	24	capital	capital	NOUN
taxlaw-2791	517	25	gain	gain	NOUN
taxlaw-2791	517	26	.	.	PUNCT
taxlaw-2791	518	1	see	see	VERB
taxlaw-2791	518	2	sanchirico	sanchirico	NOUN
taxlaw-2791	518	3	,	,	PUNCT
taxlaw-2791	518	4	supra	supra	ADJ
taxlaw-2791	518	5	note	note	NOUN
taxlaw-2791	518	6	5	5	NUM
taxlaw-2791	518	7	,	,	PUNCT
taxlaw-2791	518	8	at	at	ADP
taxlaw-2791	518	9	1124–25	1124–25	NUM
taxlaw-2791	518	10	;	;	PUNCT
taxlaw-2791	518	11	knoll	knoll	NOUN
taxlaw-2791	518	12	,	,	PUNCT
taxlaw-2791	518	13	supra	supra	PROPN
taxlaw-2791	518	14	note	note	NOUN
taxlaw-2791	518	15	6	6	NUM
taxlaw-2791	518	16	,	,	PUNCT
taxlaw-2791	518	17	at	at	ADP
taxlaw-2791	518	18	130	130	NUM
taxlaw-2791	518	19	.	.	PUNCT
taxlaw-2791	519	1	90	90	NUM
taxlaw-2791	519	2	.	.	PUNCT
taxlaw-2791	520	1	see	see	VERB
taxlaw-2791	520	2	i.r.c	i.r.c	NOUN
taxlaw-2791	520	3	.	.	PUNCT
taxlaw-2791	521	1	§	§	PROPN
taxlaw-2791	521	2	212	212	NUM
taxlaw-2791	521	3	(	(	PUNCT
taxlaw-2791	521	4	2009	2009	NUM
taxlaw-2791	521	5	)	)	PUNCT
taxlaw-2791	521	6	(	(	PUNCT
taxlaw-2791	521	7	treating	treat	VERB
taxlaw-2791	521	8	investment	investment	NOUN
taxlaw-2791	521	9	expenses	expense	NOUN
taxlaw-2791	521	10	of	of	ADP
taxlaw-2791	521	11	individual	individual	ADJ
taxlaw-2791	521	12	taxpayers	taxpayer	NOUN
taxlaw-2791	521	13	as	as	ADP
taxlaw-2791	521	14	additional	additional	ADJ
taxlaw-2791	521	15	itemized	itemize	VERB
taxlaw-2791	521	16	deductions	deduction	NOUN
taxlaw-2791	521	17	)	)	PUNCT
taxlaw-2791	521	18	.	.	PUNCT
taxlaw-2791	522	1	2010	2010	NUM
taxlaw-2791	522	2	]	]	PUNCT
taxlaw-2791	522	3	the	the	DET
taxlaw-2791	522	4	sou	sou	PROPN
taxlaw-2791	522	5	�	�	PROPN
taxlaw-2791	522	6	d	d	PROPN
taxlaw-2791	522	7	a	a	DET
taxlaw-2791	522	8	�	�	PROPN
taxlaw-2791	522	9	d	d	NOUN
taxlaw-2791	522	10	fury	fury	NOUN
taxlaw-2791	522	11	of	of	ADP
taxlaw-2791	522	12	carried	carry	VERB
taxlaw-2791	522	13	i	i	PRON
taxlaw-2791	522	14	�	�	VERB
taxlaw-2791	522	15	terest	ter	ADJ
taxlaw-2791	522	16	reform	reform	NOUN
taxlaw-2791	522	17	23	23	NUM
taxlaw-2791	522	18	a	a	DET
taxlaw-2791	522	19	worthless	worthless	ADJ
taxlaw-2791	522	20	itemized	itemize	VERB
taxlaw-2791	522	21	deduction.91	deduction.91	NOUN
taxlaw-2791	522	22	by	by	ADP
taxlaw-2791	522	23	allowing	allow	VERB
taxlaw-2791	522	24	a	a	DET
taxlaw-2791	522	25	deduction	deduction	NOUN
taxlaw-2791	522	26	-	-	PUNCT
taxlaw-2791	522	27	equivalent	equivalent	NOUN
taxlaw-2791	522	28	to	to	ADP
taxlaw-2791	522	29	lp	lp	NOUN
taxlaw-2791	522	30	,	,	PUNCT
taxlaw-2791	522	31	§	§	NOUN
taxlaw-2791	522	32	710	710	NUM
taxlaw-2791	522	33	attempts	attempt	NOUN
taxlaw-2791	522	34	to	to	PART
taxlaw-2791	522	35	“	"	PUNCT
taxlaw-2791	522	36	finesse	finesse	VERB
taxlaw-2791	522	37	”	"	PUNCT
taxlaw-2791	522	38	the	the	DET
taxlaw-2791	522	39	§	§	PROPN
taxlaw-2791	522	40	212	212	NUM
taxlaw-2791	522	41	issue.92	issue.92	NOUN
taxlaw-2791	522	42	while	while	SCONJ
taxlaw-2791	522	43	overly	overly	ADV
taxlaw-2791	522	44	generous	generous	ADJ
taxlaw-2791	522	45	,	,	PUNCT
taxlaw-2791	522	46	this	this	DET
taxlaw-2791	522	47	approach	approach	NOUN
taxlaw-2791	522	48	could	could	AUX
taxlaw-2791	522	49	be	be	AUX
taxlaw-2791	522	50	viewed	view	VERB
taxlaw-2791	522	51	as	as	ADP
taxlaw-2791	522	52	“	"	PUNCT
taxlaw-2791	522	53	simplifying	simplify	VERB
taxlaw-2791	522	54	”	"	PUNCT
taxlaw-2791	522	55	the	the	DET
taxlaw-2791	522	56	treatment	treatment	NOUN
taxlaw-2791	522	57	of	of	ADP
taxlaw-2791	522	58	taxable	taxable	ADJ
taxlaw-2791	522	59	individual	individual	ADJ
taxlaw-2791	522	60	investors	investor	NOUN
taxlaw-2791	522	61	by	by	ADP
taxlaw-2791	522	62	not	not	PART
taxlaw-2791	522	63	forcing	force	VERB
taxlaw-2791	522	64	them	they	PRON
taxlaw-2791	522	65	to	to	PART
taxlaw-2791	522	66	include	include	VERB
taxlaw-2791	522	67	an	an	DET
taxlaw-2791	522	68	additional	additional	ADJ
taxlaw-2791	522	69	amount	amount	NOUN
taxlaw-2791	522	70	in	in	ADP
taxlaw-2791	522	71	income	income	NOUN
taxlaw-2791	522	72	(	(	PUNCT
taxlaw-2791	522	73	their	their	PRON
taxlaw-2791	522	74	portion	portion	NOUN
taxlaw-2791	522	75	of	of	ADP
taxlaw-2791	522	76	gp	gp	NOUN
taxlaw-2791	522	77	’s	’s	PART
taxlaw-2791	522	78	implicit	implicit	ADJ
taxlaw-2791	522	79	salary	salary	NOUN
taxlaw-2791	522	80	)	)	PUNCT
taxlaw-2791	522	81	and	and	CCONJ
taxlaw-2791	522	82	then	then	ADV
taxlaw-2791	522	83	claim	claim	VERB
taxlaw-2791	522	84	an	an	DET
taxlaw-2791	522	85	offsetting	offset	VERB
taxlaw-2791	522	86	deduction	deduction	NOUN
taxlaw-2791	522	87	.	.	PUNCT
taxlaw-2791	523	1	although	although	SCONJ
taxlaw-2791	523	2	some	some	DET
taxlaw-2791	523	3	commentators	commentator	NOUN
taxlaw-2791	523	4	have	have	AUX
taxlaw-2791	523	5	suggested	suggest	VERB
taxlaw-2791	523	6	that	that	SCONJ
taxlaw-2791	523	7	the	the	DET
taxlaw-2791	523	8	§	§	ADJ
taxlaw-2791	523	9	212	212	NUM
taxlaw-2791	523	10	limitation	limitation	NOUN
taxlaw-2791	523	11	may	may	AUX
taxlaw-2791	523	12	be	be	AUX
taxlaw-2791	523	13	difficult	difficult	ADJ
taxlaw-2791	523	14	to	to	PART
taxlaw-2791	523	15	defend	defend	VERB
taxlaw-2791	523	16	as	as	ADP
taxlaw-2791	523	17	a	a	DET
taxlaw-2791	523	18	matter	matter	NOUN
taxlaw-2791	523	19	of	of	ADP
taxlaw-2791	523	20	tax	tax	NOUN
taxlaw-2791	523	21	policy	policy	NOUN
taxlaw-2791	523	22	,	,	PUNCT
taxlaw-2791	523	23	taxable	taxable	ADJ
taxlaw-2791	523	24	individual	individual	ADJ
taxlaw-2791	523	25	investors	investor	NOUN
taxlaw-2791	523	26	should	should	AUX
taxlaw-2791	523	27	not	not	PART
taxlaw-2791	523	28	be	be	AUX
taxlaw-2791	523	29	allowed	allow	VERB
taxlaw-2791	523	30	an	an	DET
taxlaw-2791	523	31	undeserved	undeserved	ADJ
taxlaw-2791	523	32	windfall.93	windfall.93	NOUN
taxlaw-2791	523	33	even	even	ADV
taxlaw-2791	523	34	if	if	SCONJ
taxlaw-2791	523	35	the	the	DET
taxlaw-2791	523	36	partnership	partnership	NOUN
taxlaw-2791	523	37	claims	claim	VERB
taxlaw-2791	523	38	to	to	PART
taxlaw-2791	523	39	be	be	AUX
taxlaw-2791	523	40	conducting	conduct	VERB
taxlaw-2791	523	41	an	an	DET
taxlaw-2791	523	42	active	active	ADJ
taxlaw-2791	523	43	trade	trade	NOUN
taxlaw-2791	523	44	or	or	CCONJ
taxlaw-2791	523	45	business	business	NOUN
taxlaw-2791	523	46	,	,	PUNCT
taxlaw-2791	523	47	investment	investment	NOUN
taxlaw-2791	523	48	-	-	PUNCT
taxlaw-2791	523	49	type	type	NOUN
taxlaw-2791	523	50	expenses	expense	NOUN
taxlaw-2791	523	51	attributable	attributable	ADJ
taxlaw-2791	523	52	to	to	ADP
taxlaw-2791	523	53	a	a	DET
taxlaw-2791	523	54	limited	limited	ADJ
taxlaw-2791	523	55	partnership	partnership	NOUN
taxlaw-2791	523	56	interest	interest	NOUN
taxlaw-2791	523	57	,	,	PUNCT
taxlaw-2791	523	58	by	by	ADP
taxlaw-2791	523	59	analogy	analogy	NOUN
taxlaw-2791	523	60	to	to	ADP
taxlaw-2791	523	61	a	a	DET
taxlaw-2791	523	62	security	security	NOUN
taxlaw-2791	523	63	,	,	PUNCT
taxlaw-2791	523	64	should	should	AUX
taxlaw-2791	523	65	arguably	arguably	ADV
taxlaw-2791	523	66	be	be	AUX
taxlaw-2791	523	67	treated	treat	VERB
taxlaw-2791	523	68	as	as	ADP
taxlaw-2791	523	69	§	§	PROPN
taxlaw-2791	523	70	212	212	NUM
taxlaw-2791	523	71	expenses	expense	NOUN
taxlaw-2791	523	72	.	.	PUNCT
taxlaw-2791	524	1	b.	b.	PROPN
taxlaw-2791	524	2	joint	joint	ADJ
taxlaw-2791	524	3	-	-	PUNCT
taxlaw-2791	524	4	tax	tax	NOUN
taxlaw-2791	524	5	perspective	perspective	NOUN
taxlaw-2791	524	6	and	and	CCONJ
taxlaw-2791	524	7	§	§	PROPN
taxlaw-2791	524	8	83	83	NUM
taxlaw-2791	524	9	although	although	SCONJ
taxlaw-2791	524	10	some	some	DET
taxlaw-2791	524	11	reformers	reformer	NOUN
taxlaw-2791	524	12	claim	claim	VERB
taxlaw-2791	524	13	that	that	SCONJ
taxlaw-2791	524	14	the	the	DET
taxlaw-2791	524	15	existing	exist	VERB
taxlaw-2791	524	16	treatment	treatment	NOUN
taxlaw-2791	524	17	of	of	ADP
taxlaw-2791	524	18	partnership	partnership	NOUN
taxlaw-2791	524	19	profits	profit	NOUN
taxlaw-2791	524	20	interests	interest	NOUN
taxlaw-2791	524	21	is	be	AUX
taxlaw-2791	524	22	fundamentally	fundamentally	ADV
taxlaw-2791	524	23	untenable	untenable	ADJ
taxlaw-2791	524	24	as	as	ADP
taxlaw-2791	524	25	a	a	DET
taxlaw-2791	524	26	policy	policy	NOUN
taxlaw-2791	524	27	matter	matter	NOUN
taxlaw-2791	524	28	,	,	PUNCT
taxlaw-2791	524	29	this	this	DET
taxlaw-2791	524	30	issue	issue	NOUN
taxlaw-2791	524	31	may	may	AUX
taxlaw-2791	524	32	be	be	AUX
taxlaw-2791	524	33	a	a	DET
taxlaw-2791	524	34	“	"	PUNCT
taxlaw-2791	524	35	red	red	ADJ
taxlaw-2791	524	36	herring	herring	NOUN
taxlaw-2791	524	37	.	.	PUNCT
taxlaw-2791	525	1	”94	”94	PROPN
taxlaw-2791	525	2	the	the	DET
taxlaw-2791	525	3	tax	tax	NOUN
taxlaw-2791	525	4	treatment	treatment	NOUN
taxlaw-2791	525	5	of	of	ADP
taxlaw-2791	525	6	profits	profit	NOUN
taxlaw-2791	525	7	interests	interest	NOUN
taxlaw-2791	525	8	appears	appear	VERB
taxlaw-2791	525	9	anomalous	anomalous	ADJ
taxlaw-2791	525	10	mainly	mainly	ADV
taxlaw-2791	525	11	if	if	SCONJ
taxlaw-2791	525	12	one	one	PRON
taxlaw-2791	525	13	focuses	focus	VERB
taxlaw-2791	525	14	narrowly	narrowly	ADV
taxlaw-2791	525	15	on	on	ADP
taxlaw-2791	525	16	gp	gp	NOUN
taxlaw-2791	525	17	’s	’s	PART
taxlaw-2791	525	18	one	one	NUM
taxlaw-2791	525	19	-	-	PUNCT
taxlaw-2791	525	20	sided	sided	ADJ
taxlaw-2791	525	21	conversion	conversion	NOUN
taxlaw-2791	525	22	and	and	CCONJ
taxlaw-2791	525	23	deferral	deferral	NOUN
taxlaw-2791	525	24	.	.	PUNCT
taxlaw-2791	526	1	from	from	ADP
taxlaw-2791	526	2	a	a	DET
taxlaw-2791	526	3	joint	joint	ADJ
taxlaw-2791	526	4	-	-	PUNCT
taxlaw-2791	526	5	tax	tax	NOUN
taxlaw-2791	526	6	perspective	perspective	NOUN
taxlaw-2791	526	7	,	,	PUNCT
taxlaw-2791	526	8	the	the	DET
taxlaw-2791	526	9	existing	exist	VERB
taxlaw-2791	526	10	91	91	NUM
taxlaw-2791	526	11	.	.	PUNCT
taxlaw-2791	527	1	see	see	VERB
taxlaw-2791	527	2	i.r.c	i.r.c	NOUN
taxlaw-2791	527	3	.	.	PUNCT
taxlaw-2791	528	1	§	§	PROPN
taxlaw-2791	528	2	§	§	PROPN
taxlaw-2791	528	3	67	67	NUM
taxlaw-2791	528	4	,	,	PUNCT
taxlaw-2791	528	5	68	68	NUM
taxlaw-2791	528	6	,	,	PUNCT
taxlaw-2791	528	7	and	and	CCONJ
taxlaw-2791	528	8	56(b	56(b	NUM
taxlaw-2791	528	9	)	)	PUNCT
taxlaw-2791	528	10	(	(	PUNCT
taxlaw-2791	528	11	2009	2009	NUM
taxlaw-2791	528	12	)	)	PUNCT
taxlaw-2791	528	13	.	.	PUNCT
taxlaw-2791	529	1	if	if	SCONJ
taxlaw-2791	529	2	the	the	DET
taxlaw-2791	529	3	partnership	partnership	NOUN
taxlaw-2791	529	4	qualifies	qualify	VERB
taxlaw-2791	529	5	as	as	ADP
taxlaw-2791	529	6	a	a	DET
taxlaw-2791	529	7	“	"	PUNCT
taxlaw-2791	529	8	trader	trader	NOUN
taxlaw-2791	529	9	”	"	PUNCT
taxlaw-2791	529	10	rather	rather	ADV
taxlaw-2791	529	11	than	than	ADP
taxlaw-2791	529	12	an	an	DET
taxlaw-2791	529	13	“	"	PUNCT
taxlaw-2791	529	14	investor	investor	NOUN
taxlaw-2791	529	15	,	,	PUNCT
taxlaw-2791	529	16	”	"	PUNCT
taxlaw-2791	529	17	§	§	PROPN
taxlaw-2791	529	18	162	162	NUM
taxlaw-2791	529	19	may	may	AUX
taxlaw-2791	529	20	apply	apply	VERB
taxlaw-2791	529	21	to	to	ADP
taxlaw-2791	529	22	management	management	NOUN
taxlaw-2791	529	23	expenses	expense	NOUN
taxlaw-2791	529	24	passed	pass	VERB
taxlaw-2791	529	25	through	through	ADP
taxlaw-2791	529	26	to	to	ADP
taxlaw-2791	529	27	investors	investor	NOUN
taxlaw-2791	529	28	.	.	PUNCT
taxlaw-2791	530	1	cf	cf	X
taxlaw-2791	530	2	.	.	PUNCT
taxlaw-2791	531	1	rev	rev	PROPN
taxlaw-2791	531	2	.	.	PROPN
taxlaw-2791	532	1	rul	rul	PROPN
taxlaw-2791	532	2	.	.	PUNCT
taxlaw-2791	532	3	2008	2008	NUM
taxlaw-2791	532	4	-	-	SYM
taxlaw-2791	532	5	39	39	NUM
taxlaw-2791	532	6	,	,	PUNCT
taxlaw-2791	532	7	2008	2008	NUM
taxlaw-2791	532	8	-	-	SYM
taxlaw-2791	532	9	2	2	NUM
taxlaw-2791	532	10	c.b	c.b	PROPN
taxlaw-2791	532	11	.	.	PROPN
taxlaw-2791	532	12	252	252	NUM
taxlaw-2791	532	13	(	(	PUNCT
taxlaw-2791	532	14	management	management	NOUN
taxlaw-2791	532	15	fees	fee	NOUN
taxlaw-2791	532	16	paid	pay	VERB
taxlaw-2791	532	17	by	by	ADP
taxlaw-2791	532	18	upper	upper	ADJ
taxlaw-2791	532	19	-	-	PUNCT
taxlaw-2791	532	20	tier	tier	NOUN
taxlaw-2791	532	21	partnership	partnership	NOUN
taxlaw-2791	532	22	were	be	AUX
taxlaw-2791	532	23	not	not	PART
taxlaw-2791	532	24	§	§	PROPN
taxlaw-2791	532	25	162	162	NUM
taxlaw-2791	532	26	expenses	expense	NOUN
taxlaw-2791	532	27	;	;	PUNCT
taxlaw-2791	532	28	fees	fee	NOUN
taxlaw-2791	532	29	passed	pass	VERB
taxlaw-2791	532	30	through	through	ADP
taxlaw-2791	532	31	to	to	ADP
taxlaw-2791	532	32	investors	investor	NOUN
taxlaw-2791	532	33	as	as	ADP
taxlaw-2791	532	34	separately	separately	ADV
taxlaw-2791	532	35	-	-	PUNCT
taxlaw-2791	532	36	stated	state	VERB
taxlaw-2791	532	37	§	§	PROPN
taxlaw-2791	532	38	212	212	NUM
taxlaw-2791	532	39	expenses	expense	NOUN
taxlaw-2791	532	40	)	)	PUNCT
taxlaw-2791	532	41	.	.	PUNCT
taxlaw-2791	533	1	even	even	ADV
taxlaw-2791	533	2	if	if	SCONJ
taxlaw-2791	533	3	the	the	DET
taxlaw-2791	533	4	partnership	partnership	NOUN
taxlaw-2791	533	5	is	be	AUX
taxlaw-2791	533	6	a	a	DET
taxlaw-2791	533	7	trader	trader	NOUN
taxlaw-2791	533	8	,	,	PUNCT
taxlaw-2791	533	9	the	the	DET
taxlaw-2791	533	10	§	§	PROPN
taxlaw-2791	533	11	469	469	NUM
taxlaw-2791	533	12	passive	passive	ADJ
taxlaw-2791	533	13	loss	loss	NOUN
taxlaw-2791	533	14	limitations	limitation	NOUN
taxlaw-2791	533	15	may	may	AUX
taxlaw-2791	533	16	apply	apply	VERB
taxlaw-2791	533	17	to	to	ADP
taxlaw-2791	533	18	an	an	DET
taxlaw-2791	533	19	individual	individual	ADJ
taxlaw-2791	533	20	investor	investor	NOUN
taxlaw-2791	533	21	.	.	PUNCT
taxlaw-2791	534	1	see	see	VERB
taxlaw-2791	534	2	i.r.c	i.r.c	NOUN
taxlaw-2791	534	3	.	.	PUNCT
taxlaw-2791	535	1	§	§	PROPN
taxlaw-2791	535	2	469	469	NUM
taxlaw-2791	535	3	(	(	PUNCT
taxlaw-2791	535	4	2009	2009	NUM
taxlaw-2791	535	5	)	)	PUNCT
taxlaw-2791	535	6	.	.	PUNCT
taxlaw-2791	536	1	92	92	NUM
taxlaw-2791	536	2	.	.	PUNCT
taxlaw-2791	536	3	gergen	gergen	PROPN
taxlaw-2791	536	4	,	,	PUNCT
taxlaw-2791	536	5	supra	supra	PROPN
taxlaw-2791	536	6	note	note	NOUN
taxlaw-2791	536	7	12	12	NUM
taxlaw-2791	536	8	,	,	PUNCT
taxlaw-2791	536	9	at	at	ADP
taxlaw-2791	536	10	140	140	NUM
taxlaw-2791	536	11	(	(	PUNCT
taxlaw-2791	536	12	“	"	PUNCT
taxlaw-2791	536	13	code	code	PROPN
taxlaw-2791	536	14	sec	sec	PROPN
taxlaw-2791	536	15	.	.	PROPN
taxlaw-2791	537	1	710	710	NUM
taxlaw-2791	537	2	tries	try	VERB
taxlaw-2791	537	3	to	to	PART
taxlaw-2791	537	4	finesse	finesse	VERB
taxlaw-2791	537	5	this	this	DET
taxlaw-2791	537	6	issue	issue	NOUN
taxlaw-2791	537	7	.	.	PUNCT
taxlaw-2791	537	8	”	"	PUNCT
taxlaw-2791	537	9	)	)	PUNCT
taxlaw-2791	537	10	.	.	PUNCT
taxlaw-2791	538	1	since	since	SCONJ
taxlaw-2791	538	2	“	"	PUNCT
taxlaw-2791	538	3	many	many	ADJ
taxlaw-2791	538	4	of	of	ADP
taxlaw-2791	538	5	the	the	DET
taxlaw-2791	538	6	funds	fund	NOUN
taxlaw-2791	538	7	targeted	target	VERB
taxlaw-2791	538	8	by	by	ADP
taxlaw-2791	538	9	the	the	DET
taxlaw-2791	538	10	[	[	X
taxlaw-2791	538	11	legislation	legislation	NOUN
taxlaw-2791	538	12	]	]	PUNCT
taxlaw-2791	538	13	do	do	AUX
taxlaw-2791	538	14	not	not	PART
taxlaw-2791	538	15	engage	engage	VERB
taxlaw-2791	538	16	in	in	ADP
taxlaw-2791	538	17	a	a	DET
taxlaw-2791	538	18	‘	'	PUNCT
taxlaw-2791	538	19	trade	trade	NOUN
taxlaw-2791	538	20	or	or	CCONJ
taxlaw-2791	538	21	business	business	NOUN
taxlaw-2791	538	22	’	'	PUNCT
taxlaw-2791	538	23	at	at	ADV
taxlaw-2791	538	24	all	all	ADV
taxlaw-2791	538	25	,	,	PUNCT
taxlaw-2791	538	26	”	"	PUNCT
taxlaw-2791	538	27	the	the	DET
taxlaw-2791	538	28	proposed	propose	VERB
taxlaw-2791	538	29	legislation	legislation	NOUN
taxlaw-2791	538	30	is	be	AUX
taxlaw-2791	538	31	clearly	clearly	ADV
taxlaw-2791	538	32	overly	overly	ADV
taxlaw-2791	538	33	generous	generous	ADJ
taxlaw-2791	538	34	to	to	ADP
taxlaw-2791	538	35	investors	investor	NOUN
taxlaw-2791	538	36	.	.	PUNCT
taxlaw-2791	539	1	nysba	nysba	PROPN
taxlaw-2791	539	2	report	report	PROPN
taxlaw-2791	539	3	,	,	PUNCT
taxlaw-2791	539	4	supra	supra	PROPN
taxlaw-2791	539	5	note	note	PROPN
taxlaw-2791	539	6	11	11	NUM
taxlaw-2791	539	7	,	,	PUNCT
taxlaw-2791	539	8	at	at	ADP
taxlaw-2791	539	9	69	69	NUM
taxlaw-2791	539	10	n.184	n.184	NOUN
taxlaw-2791	539	11	.	.	PROPN
taxlaw-2791	540	1	93	93	NUM
taxlaw-2791	540	2	.	.	PUNCT
taxlaw-2791	541	1	cf	cf	NOUN
taxlaw-2791	541	2	.	.	PUNCT
taxlaw-2791	541	3	sanchirico	sanchirico	PROPN
taxlaw-2791	541	4	,	,	PUNCT
taxlaw-2791	541	5	supra	supra	ADJ
taxlaw-2791	541	6	note	note	NOUN
taxlaw-2791	541	7	5	5	NUM
taxlaw-2791	541	8	,	,	PUNCT
taxlaw-2791	541	9	at	at	ADP
taxlaw-2791	541	10	1105	1105	NUM
taxlaw-2791	541	11	(	(	PUNCT
taxlaw-2791	541	12	suggesting	suggest	VERB
taxlaw-2791	541	13	that	that	DET
taxlaw-2791	541	14	avoidance	avoidance	NOUN
taxlaw-2791	541	15	of	of	ADP
taxlaw-2791	541	16	the	the	DET
taxlaw-2791	541	17	§	§	PROPN
taxlaw-2791	541	18	212	212	NUM
taxlaw-2791	541	19	limits	limit	NOUN
taxlaw-2791	541	20	may	may	AUX
taxlaw-2791	541	21	be	be	AUX
taxlaw-2791	541	22	“	"	PUNCT
taxlaw-2791	541	23	quite	quite	ADV
taxlaw-2791	541	24	different	different	ADJ
taxlaw-2791	541	25	normatively	normatively	ADV
taxlaw-2791	541	26	”	"	PUNCT
taxlaw-2791	541	27	since	since	SCONJ
taxlaw-2791	541	28	the	the	DET
taxlaw-2791	541	29	disfavored	disfavored	ADJ
taxlaw-2791	541	30	treatment	treatment	NOUN
taxlaw-2791	541	31	of	of	ADP
taxlaw-2791	541	32	investment	investment	NOUN
taxlaw-2791	541	33	expenses	expense	NOUN
taxlaw-2791	541	34	“	"	PUNCT
taxlaw-2791	541	35	is	be	AUX
taxlaw-2791	541	36	not	not	PART
taxlaw-2791	541	37	itself	itself	PRON
taxlaw-2791	541	38	easy	easy	ADJ
taxlaw-2791	541	39	to	to	PART
taxlaw-2791	541	40	justify	justify	VERB
taxlaw-2791	541	41	as	as	ADP
taxlaw-2791	541	42	a	a	DET
taxlaw-2791	541	43	policy	policy	NOUN
taxlaw-2791	541	44	matter	matter	NOUN
taxlaw-2791	541	45	”	"	PUNCT
taxlaw-2791	541	46	)	)	PUNCT
taxlaw-2791	541	47	.	.	PUNCT
taxlaw-2791	542	1	while	while	SCONJ
taxlaw-2791	542	2	managers	manager	NOUN
taxlaw-2791	542	3	’	'	PUNCT
taxlaw-2791	542	4	outsized	outsized	ADJ
taxlaw-2791	542	5	salaries	salary	NOUN
taxlaw-2791	542	6	may	may	AUX
taxlaw-2791	542	7	be	be	AUX
taxlaw-2791	542	8	an	an	DET
taxlaw-2791	542	9	especially	especially	ADV
taxlaw-2791	542	10	attractive	attractive	ADJ
taxlaw-2791	542	11	target	target	NOUN
taxlaw-2791	542	12	for	for	ADP
taxlaw-2791	542	13	reform	reform	NOUN
taxlaw-2791	542	14	,	,	PUNCT
taxlaw-2791	542	15	the	the	DET
taxlaw-2791	542	16	case	case	NOUN
taxlaw-2791	542	17	for	for	ADP
taxlaw-2791	542	18	preserving	preserve	VERB
taxlaw-2791	542	19	taxable	taxable	ADJ
taxlaw-2791	542	20	individual	individual	ADJ
taxlaw-2791	542	21	investors	investor	NOUN
taxlaw-2791	542	22	’	'	PUNCT
taxlaw-2791	542	23	current	current	ADJ
taxlaw-2791	542	24	favorable	favorable	ADJ
taxlaw-2791	542	25	treatment	treatment	NOUN
taxlaw-2791	542	26	needs	need	VERB
taxlaw-2791	542	27	to	to	PART
taxlaw-2791	542	28	be	be	AUX
taxlaw-2791	542	29	made	make	VERB
taxlaw-2791	542	30	explicitly	explicitly	ADV
taxlaw-2791	542	31	,	,	PUNCT
taxlaw-2791	542	32	not	not	PART
taxlaw-2791	542	33	as	as	ADP
taxlaw-2791	542	34	a	a	DET
taxlaw-2791	542	35	backhanded	backhanded	ADJ
taxlaw-2791	542	36	criticism	criticism	NOUN
taxlaw-2791	542	37	of	of	ADP
taxlaw-2791	542	38	§	§	PROPN
taxlaw-2791	542	39	212	212	NUM
taxlaw-2791	542	40	.	.	PUNCT
taxlaw-2791	543	1	see	see	VERB
taxlaw-2791	543	2	susan	susan	PROPN
taxlaw-2791	543	3	kalinka	kalinka	PROPN
taxlaw-2791	543	4	,	,	PUNCT
taxlaw-2791	543	5	rev	rev	PROPN
taxlaw-2791	543	6	.	.	PROPN
taxlaw-2791	544	1	rul	rul	PROPN
taxlaw-2791	544	2	.	.	PUNCT
taxlaw-2791	544	3	2008	2008	NUM
taxlaw-2791	544	4	-	-	SYM
taxlaw-2791	544	5	38	38	NUM
taxlaw-2791	544	6	and	and	CCONJ
taxlaw-2791	544	7	rev	rev	PROPN
taxlaw-2791	544	8	.	.	PROPN
taxlaw-2791	544	9	rul	rul	PROPN
taxlaw-2791	544	10	.	.	PUNCT
taxlaw-2791	544	11	2008	2008	NUM
taxlaw-2791	544	12	-	-	SYM
taxlaw-2791	544	13	39	39	NUM
taxlaw-2791	544	14	:	:	PUNCT
taxlaw-2791	544	15	above	above	ADP
taxlaw-2791	544	16	the	the	DET
taxlaw-2791	544	17	line	line	NOUN
taxlaw-2791	544	18	,	,	PUNCT
taxlaw-2791	544	19	below	below	ADP
taxlaw-2791	544	20	the	the	DET
taxlaw-2791	544	21	line	line	NOUN
taxlaw-2791	544	22	and	and	CCONJ
taxlaw-2791	544	23	even	even	ADV
taxlaw-2791	544	24	further	far	ADV
taxlaw-2791	544	25	below	below	ADP
taxlaw-2791	544	26	the	the	DET
taxlaw-2791	544	27	line	line	NOUN
taxlaw-2791	544	28	,	,	PUNCT
taxlaw-2791	544	29	87	87	NUM
taxlaw-2791	544	30	taxes	taxis	NOUN
taxlaw-2791	544	31	23	23	NUM
taxlaw-2791	544	32	(	(	PUNCT
taxlaw-2791	544	33	2009	2009	NUM
taxlaw-2791	544	34	)	)	PUNCT
taxlaw-2791	544	35	(	(	PUNCT
taxlaw-2791	544	36	proposing	propose	VERB
taxlaw-2791	544	37	to	to	PART
taxlaw-2791	544	38	treat	treat	VERB
taxlaw-2791	544	39	all	all	DET
taxlaw-2791	544	40	passive	passive	ADJ
taxlaw-2791	544	41	investors	investor	NOUN
taxlaw-2791	544	42	the	the	DET
taxlaw-2791	544	43	same	same	ADJ
taxlaw-2791	544	44	whether	whether	SCONJ
taxlaw-2791	544	45	they	they	PRON
taxlaw-2791	544	46	invest	invest	VERB
taxlaw-2791	544	47	in	in	ADP
taxlaw-2791	544	48	securities	security	NOUN
taxlaw-2791	544	49	directly	directly	ADV
taxlaw-2791	544	50	or	or	CCONJ
taxlaw-2791	544	51	through	through	ADP
taxlaw-2791	544	52	a	a	DET
taxlaw-2791	544	53	hedge	hedge	NOUN
taxlaw-2791	544	54	fund	fund	NOUN
taxlaw-2791	544	55	)	)	PUNCT
taxlaw-2791	544	56	;	;	PUNCT
taxlaw-2791	544	57	andrew	andrew	PROPN
taxlaw-2791	544	58	w.	w.	PROPN
taxlaw-2791	544	59	needham	needham	PROPN
taxlaw-2791	544	60	&	&	CCONJ
taxlaw-2791	544	61	christian	christian	PROPN
taxlaw-2791	544	62	brause	brause	NOUN
taxlaw-2791	544	63	,	,	PUNCT
taxlaw-2791	544	64	736	736	NUM
taxlaw-2791	544	65	b.n.a	b.n.a	NOUN
taxlaw-2791	544	66	.	.	PUNCT
taxlaw-2791	544	67	tax	tax	NOUN
taxlaw-2791	544	68	mgmt	mgmt	PROPN
taxlaw-2791	544	69	.	.	PUNCT
taxlaw-2791	545	1	portfolio	portfolio	PROPN
taxlaw-2791	545	2	a-59	a-59	VERB
taxlaw-2791	545	3	to	to	ADP
taxlaw-2791	545	4	a-63	a-63	PROPN
taxlaw-2791	545	5	(	(	PUNCT
taxlaw-2791	545	6	2007	2007	NUM
taxlaw-2791	545	7	)	)	PUNCT
taxlaw-2791	545	8	(	(	PUNCT
taxlaw-2791	545	9	discussing	discuss	VERB
taxlaw-2791	545	10	uncertainties	uncertainty	NOUN
taxlaw-2791	545	11	concerning	concern	VERB
taxlaw-2791	545	12	a	a	DET
taxlaw-2791	545	13	hedge	hedge	NOUN
taxlaw-2791	545	14	fund	fund	NOUN
taxlaw-2791	545	15	’s	’s	PART
taxlaw-2791	545	16	“	"	PUNCT
taxlaw-2791	545	17	trader	trader	NOUN
taxlaw-2791	545	18	”	"	PUNCT
taxlaw-2791	545	19	status	status	NOUN
taxlaw-2791	545	20	)	)	PUNCT
taxlaw-2791	545	21	.	.	PUNCT
taxlaw-2791	546	1	94	94	NUM
taxlaw-2791	546	2	.	.	PUNCT
taxlaw-2791	546	3	sanchirico	sanchirico	PROPN
taxlaw-2791	546	4	,	,	PUNCT
taxlaw-2791	546	5	supra	supra	ADJ
taxlaw-2791	546	6	note	note	NOUN
taxlaw-2791	546	7	5	5	NUM
taxlaw-2791	546	8	,	,	PUNCT
taxlaw-2791	546	9	at	at	ADP
taxlaw-2791	546	10	1082	1082	NUM
taxlaw-2791	546	11	(	(	PUNCT
taxlaw-2791	546	12	describing	describe	VERB
taxlaw-2791	546	13	flawed	flaw	VERB
taxlaw-2791	546	14	tax	tax	NOUN
taxlaw-2791	546	15	treatment	treatment	NOUN
taxlaw-2791	546	16	of	of	ADP
taxlaw-2791	546	17	profits	profit	NOUN
taxlaw-2791	546	18	interests	interest	NOUN
taxlaw-2791	546	19	as	as	ADP
taxlaw-2791	546	20	“	"	PUNCT
taxlaw-2791	546	21	something	something	PRON
taxlaw-2791	546	22	of	of	ADP
taxlaw-2791	546	23	a	a	DET
taxlaw-2791	546	24	red	red	ADJ
taxlaw-2791	546	25	herring	herring	NOUN
taxlaw-2791	546	26	”	"	PUNCT
taxlaw-2791	546	27	)	)	PUNCT
taxlaw-2791	546	28	.	.	PUNCT
taxlaw-2791	547	1	whatever	whatever	PRON
taxlaw-2791	547	2	its	its	PRON
taxlaw-2791	547	3	defects	defect	NOUN
taxlaw-2791	547	4	,	,	PUNCT
taxlaw-2791	547	5	current	current	ADJ
taxlaw-2791	547	6	law	law	NOUN
taxlaw-2791	547	7	is	be	AUX
taxlaw-2791	547	8	clearly	clearly	ADV
taxlaw-2791	547	9	rooted	root	VERB
taxlaw-2791	547	10	in	in	ADP
taxlaw-2791	547	11	considerations	consideration	NOUN
taxlaw-2791	547	12	of	of	ADP
taxlaw-2791	547	13	administrability	administrability	NOUN
taxlaw-2791	547	14	,	,	PUNCT
taxlaw-2791	547	15	not	not	PART
taxlaw-2791	547	16	an	an	DET
taxlaw-2791	547	17	intent	intent	NOUN
taxlaw-2791	547	18	to	to	PART
taxlaw-2791	547	19	“	"	PUNCT
taxlaw-2791	547	20	subsidize	subsidize	VERB
taxlaw-2791	547	21	activity	activity	NOUN
taxlaw-2791	547	22	carried	carry	VERB
taxlaw-2791	547	23	out	out	ADP
taxlaw-2791	547	24	in	in	ADP
taxlaw-2791	547	25	the	the	DET
taxlaw-2791	547	26	partnership	partnership	NOUN
taxlaw-2791	547	27	form	form	NOUN
taxlaw-2791	547	28	.	.	PUNCT
taxlaw-2791	547	29	”	"	PUNCT
taxlaw-2791	548	1	ronald	ronald	PROPN
taxlaw-2791	548	2	j.	j.	PROPN
taxlaw-2791	548	3	gilson	gilson	PROPN
taxlaw-2791	548	4	&	&	CCONJ
taxlaw-2791	548	5	david	david	PROPN
taxlaw-2791	548	6	m.	m.	PROPN
taxlaw-2791	548	7	schizer	schizer	PROPN
taxlaw-2791	548	8	,	,	PUNCT
taxlaw-2791	548	9	understanding	understand	VERB
taxlaw-2791	548	10	venture	venture	NOUN
taxlaw-2791	548	11	capital	capital	NOUN
taxlaw-2791	548	12	structure	structure	NOUN
taxlaw-2791	548	13	:	:	PUNCT
taxlaw-2791	548	14	a	a	DET
taxlaw-2791	548	15	tax	tax	NOUN
taxlaw-2791	548	16	explanation	explanation	NOUN
taxlaw-2791	548	17	for	for	ADP
taxlaw-2791	548	18	convertible	convertible	ADJ
taxlaw-2791	548	19	preferred	preferred	ADJ
taxlaw-2791	548	20	stock	stock	NOUN
taxlaw-2791	548	21	,	,	PUNCT
taxlaw-2791	548	22	116	116	NUM
taxlaw-2791	548	23	harv	harv	PROPN
taxlaw-2791	548	24	l.	l.	PROPN
taxlaw-2791	548	25	rev	rev	PROPN
taxlaw-2791	548	26	.	.	PROPN
taxlaw-2791	548	27	874	874	NUM
taxlaw-2791	548	28	,	,	PUNCT
taxlaw-2791	548	29	913	913	NUM
taxlaw-2791	548	30	(	(	PUNCT
taxlaw-2791	548	31	2003	2003	NUM
taxlaw-2791	548	32	)	)	PUNCT
taxlaw-2791	548	33	.	.	PUNCT
taxlaw-2791	549	1	24	24	NUM
taxlaw-2791	549	2	columbia	columbia	PROPN
taxlaw-2791	549	3	jour	jour	PROPN
taxlaw-2791	549	4	�	�	PROPN
taxlaw-2791	549	5	al	al	PROPN
taxlaw-2791	549	6	of	of	ADP
taxlaw-2791	549	7	tax	tax	NOUN
taxlaw-2791	549	8	law	law	NOUN
taxlaw-2791	550	1	[	[	X
taxlaw-2791	550	2	vol	vol	NOUN
taxlaw-2791	550	3	.	.	PUNCT
taxlaw-2791	551	1	1:1	1:1	NUM
taxlaw-2791	551	2	treatment	treatment	NOUN
taxlaw-2791	551	3	of	of	ADP
taxlaw-2791	551	4	partnership	partnership	NOUN
taxlaw-2791	551	5	profits	profit	NOUN
taxlaw-2791	551	6	interests	interest	NOUN
taxlaw-2791	551	7	generally	generally	ADV
taxlaw-2791	551	8	does	do	AUX
taxlaw-2791	551	9	not	not	PART
taxlaw-2791	551	10	give	give	VERB
taxlaw-2791	551	11	rise	rise	NOUN
taxlaw-2791	551	12	to	to	ADP
taxlaw-2791	551	13	a	a	DET
taxlaw-2791	551	14	tax	tax	NOUN
taxlaw-2791	551	15	advantage	advantage	NOUN
taxlaw-2791	551	16	(	(	PUNCT
taxlaw-2791	551	17	or	or	CCONJ
taxlaw-2791	551	18	disadvantage	disadvantage	NOUN
taxlaw-2791	551	19	)	)	PUNCT
taxlaw-2791	551	20	if	if	SCONJ
taxlaw-2791	551	21	all	all	DET
taxlaw-2791	551	22	parties	party	NOUN
taxlaw-2791	551	23	are	be	AUX
taxlaw-2791	551	24	taxed	tax	VERB
taxlaw-2791	551	25	at	at	ADP
taxlaw-2791	551	26	the	the	DET
taxlaw-2791	551	27	same	same	ADJ
taxlaw-2791	551	28	rates	rate	NOUN
taxlaw-2791	551	29	on	on	ADP
taxlaw-2791	551	30	ordinary	ordinary	ADJ
taxlaw-2791	551	31	income	income	NOUN
taxlaw-2791	551	32	and	and	CCONJ
taxlaw-2791	551	33	capital	capital	NOUN
taxlaw-2791	551	34	gains	gain	NOUN
taxlaw-2791	551	35	.	.	PUNCT
taxlaw-2791	552	1	it	it	PRON
taxlaw-2791	552	2	is	be	AUX
taxlaw-2791	552	3	important	important	ADJ
taxlaw-2791	552	4	to	to	PART
taxlaw-2791	552	5	consider	consider	VERB
taxlaw-2791	552	6	the	the	DET
taxlaw-2791	552	7	tax	tax	NOUN
taxlaw-2791	552	8	treatment	treatment	NOUN
taxlaw-2791	552	9	of	of	ADP
taxlaw-2791	552	10	partnership	partnership	NOUN
taxlaw-2791	552	11	profits	profit	VERB
taxlaw-2791	552	12	interest	interest	NOUN
taxlaw-2791	552	13	within	within	ADP
taxlaw-2791	552	14	the	the	DET
taxlaw-2791	552	15	broader	broad	ADJ
taxlaw-2791	552	16	spectrum	spectrum	NOUN
taxlaw-2791	552	17	of	of	ADP
taxlaw-2791	552	18	alternative	alternative	ADJ
taxlaw-2791	552	19	compensation	compensation	NOUN
taxlaw-2791	552	20	arrangements	arrangement	NOUN
taxlaw-2791	552	21	.	.	PUNCT
taxlaw-2791	553	1	the	the	DET
taxlaw-2791	553	2	differing	differ	VERB
taxlaw-2791	553	3	tax	tax	NOUN
taxlaw-2791	553	4	treatments	treatment	NOUN
taxlaw-2791	553	5	of	of	ADP
taxlaw-2791	553	6	these	these	DET
taxlaw-2791	553	7	alternative	alternative	ADJ
taxlaw-2791	553	8	compensation	compensation	NOUN
taxlaw-2791	553	9	forms	form	NOUN
taxlaw-2791	553	10	can	can	AUX
taxlaw-2791	553	11	be	be	AUX
taxlaw-2791	553	12	illustrated	illustrate	VERB
taxlaw-2791	553	13	graphically	graphically	ADV
taxlaw-2791	553	14	as	as	SCONJ
taxlaw-2791	553	15	follows	follow	VERB
taxlaw-2791	553	16	:	:	PUNCT
taxlaw-2791	553	17	gp	gp	NOUN
taxlaw-2791	553	18	’s	’s	PART
taxlaw-2791	553	19	profits	profit	NOUN
taxlaw-2791	553	20	share	share	PROPN
taxlaw-2791	553	21	gp	gp	NOUN
taxlaw-2791	554	1	lp	lp	PROPN
taxlaw-2791	554	2	profits	profit	VERB
taxlaw-2791	554	3	interest	interest	NOUN
taxlaw-2791	554	4	(	(	PUNCT
taxlaw-2791	554	5	current	current	ADJ
taxlaw-2791	554	6	law	law	NOUN
taxlaw-2791	554	7	)	)	PUNCT
taxlaw-2791	554	8	cg	cg	NOUN
taxlaw-2791	554	9	(	(	PUNCT
taxlaw-2791	554	10	realization	realization	NOUN
taxlaw-2791	554	11	)	)	PUNCT
taxlaw-2791	554	12	no	no	DET
taxlaw-2791	554	13	deduction	deduction	NOUN
taxlaw-2791	554	14	option	option	NOUN
taxlaw-2791	554	15	oi	oi	X
taxlaw-2791	554	16	(	(	PUNCT
taxlaw-2791	554	17	exercise	exercise	NOUN
taxlaw-2791	554	18	)	)	PUNCT
taxlaw-2791	554	19	cg	cg	NOUN
taxlaw-2791	554	20	(	(	PUNCT
taxlaw-2791	554	21	realization	realization	NOUN
taxlaw-2791	554	22	)	)	PUNCT
taxlaw-2791	554	23	ordinary	ordinary	ADJ
taxlaw-2791	554	24	deduction	deduction	NOUN
taxlaw-2791	554	25	(	(	PUNCT
taxlaw-2791	554	26	exercise	exercise	NOUN
taxlaw-2791	554	27	)	)	PUNCT
taxlaw-2791	554	28	§	§	PROPN
taxlaw-2791	554	29	710	710	NUM
taxlaw-2791	554	30	oi	oi	NOUN
taxlaw-2791	554	31	(	(	PUNCT
taxlaw-2791	554	32	realization	realization	NOUN
taxlaw-2791	554	33	)	)	PUNCT
taxlaw-2791	554	34	cg	cg	NOUN
taxlaw-2791	554	35	(	(	PUNCT
taxlaw-2791	554	36	realization	realization	NOUN
taxlaw-2791	554	37	)	)	PUNCT
taxlaw-2791	554	38	no	no	DET
taxlaw-2791	554	39	deduction	deduction	NOUN
taxlaw-2791	554	40	§	§	PROPN
taxlaw-2791	554	41	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	554	42	)	)	PUNCT
taxlaw-2791	554	43	oi	oi	NOUN
taxlaw-2791	554	44	(	(	PUNCT
taxlaw-2791	554	45	distribution	distribution	NOUN
taxlaw-2791	554	46	)	)	PUNCT
taxlaw-2791	554	47	cg	cg	NOUN
taxlaw-2791	554	48	(	(	PUNCT
taxlaw-2791	554	49	reallocation	reallocation	NOUN
taxlaw-2791	554	50	)	)	PUNCT
taxlaw-2791	554	51	ordinary	ordinary	ADJ
taxlaw-2791	554	52	deduction	deduction	NOUN
taxlaw-2791	554	53	(	(	PUNCT
taxlaw-2791	554	54	payment	payment	NOUN
taxlaw-2791	554	55	)	)	PUNCT
taxlaw-2791	554	56	from	from	ADP
taxlaw-2791	554	57	a	a	DET
taxlaw-2791	554	58	joint	joint	ADJ
taxlaw-2791	554	59	-	-	PUNCT
taxlaw-2791	554	60	tax	tax	NOUN
taxlaw-2791	554	61	perspective	perspective	NOUN
taxlaw-2791	554	62	,	,	PUNCT
taxlaw-2791	554	63	profits	profit	NOUN
taxlaw-2791	554	64	interests	interest	NOUN
taxlaw-2791	554	65	and	and	CCONJ
taxlaw-2791	554	66	options	option	NOUN
taxlaw-2791	554	67	are	be	AUX
taxlaw-2791	554	68	generally	generally	ADV
taxlaw-2791	554	69	not	not	PART
taxlaw-2791	554	70	tax	tax	NOUN
taxlaw-2791	554	71	advantaged	advantaged	ADJ
taxlaw-2791	554	72	when	when	SCONJ
taxlaw-2791	554	73	lp	lp	NOUN
taxlaw-2791	554	74	and	and	CCONJ
taxlaw-2791	554	75	gp	gp	NOUN
taxlaw-2791	554	76	are	be	AUX
taxlaw-2791	554	77	taxed	tax	VERB
taxlaw-2791	554	78	at	at	ADP
taxlaw-2791	554	79	the	the	DET
taxlaw-2791	554	80	same	same	ADJ
taxlaw-2791	554	81	rates	rate	NOUN
taxlaw-2791	554	82	.	.	PUNCT
taxlaw-2791	555	1	in	in	ADP
taxlaw-2791	555	2	the	the	DET
taxlaw-2791	555	3	case	case	NOUN
taxlaw-2791	555	4	of	of	ADP
taxlaw-2791	555	5	a	a	DET
taxlaw-2791	555	6	profits	profit	NOUN
taxlaw-2791	555	7	interest	interest	NOUN
taxlaw-2791	555	8	,	,	PUNCT
taxlaw-2791	555	9	the	the	DET
taxlaw-2791	555	10	tax	tax	NOUN
taxlaw-2791	555	11	benefit	benefit	NOUN
taxlaw-2791	555	12	to	to	ADP
taxlaw-2791	555	13	gp	gp	NOUN
taxlaw-2791	555	14	,	,	PUNCT
taxlaw-2791	555	15	who	who	PRON
taxlaw-2791	555	16	reports	report	VERB
taxlaw-2791	555	17	capital	capital	NOUN
taxlaw-2791	555	18	gain	gain	NOUN
taxlaw-2791	555	19	rather	rather	ADV
taxlaw-2791	555	20	than	than	ADP
taxlaw-2791	555	21	ordinary	ordinary	ADJ
taxlaw-2791	555	22	income	income	NOUN
taxlaw-2791	555	23	as	as	SCONJ
taxlaw-2791	555	24	partnership	partnership	NOUN
taxlaw-2791	555	25	profits	profit	NOUN
taxlaw-2791	555	26	are	be	AUX
taxlaw-2791	555	27	realized	realize	VERB
taxlaw-2791	555	28	and	and	CCONJ
taxlaw-2791	555	29	allocated	allocate	VERB
taxlaw-2791	555	30	,	,	PUNCT
taxlaw-2791	555	31	is	be	AUX
taxlaw-2791	555	32	precisely	precisely	ADV
taxlaw-2791	555	33	offset	offset	VERB
taxlaw-2791	555	34	by	by	ADP
taxlaw-2791	555	35	the	the	DET
taxlaw-2791	555	36	tax	tax	NOUN
taxlaw-2791	555	37	detriment	detriment	NOUN
taxlaw-2791	555	38	to	to	ADP
taxlaw-2791	555	39	lp	lp	NOUN
taxlaw-2791	555	40	,	,	PUNCT
taxlaw-2791	555	41	who	who	PRON
taxlaw-2791	555	42	reports	report	VERB
taxlaw-2791	555	43	less	less	ADJ
taxlaw-2791	555	44	capital	capital	NOUN
taxlaw-2791	555	45	gain	gain	NOUN
taxlaw-2791	555	46	but	but	CCONJ
taxlaw-2791	555	47	loses	lose	VERB
taxlaw-2791	555	48	an	an	DET
taxlaw-2791	555	49	ordinary	ordinary	ADJ
taxlaw-2791	555	50	deduction.95	deduction.95	NOUN
taxlaw-2791	555	51	from	from	ADP
taxlaw-2791	555	52	a	a	DET
taxlaw-2791	555	53	joint	joint	ADJ
taxlaw-2791	555	54	-	-	PUNCT
taxlaw-2791	555	55	tax	tax	NOUN
taxlaw-2791	555	56	perspective	perspective	NOUN
taxlaw-2791	555	57	,	,	PUNCT
taxlaw-2791	555	58	a	a	DET
taxlaw-2791	555	59	compensatory	compensatory	ADJ
taxlaw-2791	555	60	partnership	partnership	NOUN
taxlaw-2791	555	61	option	option	NOUN
taxlaw-2791	555	62	is	be	AUX
taxlaw-2791	555	63	not	not	PART
taxlaw-2791	555	64	globally	globally	ADV
taxlaw-2791	555	65	tax	tax	NOUN
taxlaw-2791	555	66	advantaged	advantaged	ADJ
taxlaw-2791	555	67	because	because	SCONJ
taxlaw-2791	555	68	gp	gp	NOUN
taxlaw-2791	555	69	’s	’s	PART
taxlaw-2791	555	70	entire	entire	ADJ
taxlaw-2791	555	71	compensatory	compensatory	ADJ
taxlaw-2791	555	72	return	return	NOUN
taxlaw-2791	555	73	is	be	AUX
taxlaw-2791	555	74	taxed	tax	VERB
taxlaw-2791	555	75	as	as	ADP
taxlaw-2791	555	76	ordinary	ordinary	ADJ
taxlaw-2791	555	77	income	income	NOUN
taxlaw-2791	555	78	,	,	PUNCT
taxlaw-2791	555	79	offset	offset	VERB
taxlaw-2791	555	80	by	by	ADP
taxlaw-2791	555	81	a	a	DET
taxlaw-2791	555	82	deduction	deduction	NOUN
taxlaw-2791	555	83	to	to	ADP
taxlaw-2791	555	84	lp	lp	NOUN
taxlaw-2791	555	85	,	,	PUNCT
taxlaw-2791	555	86	and	and	CCONJ
taxlaw-2791	555	87	the	the	DET
taxlaw-2791	555	88	partnership	partnership	NOUN
taxlaw-2791	555	89	’s	’s	PART
taxlaw-2791	555	90	entire	entire	ADJ
taxlaw-2791	555	91	investment	investment	NOUN
taxlaw-2791	555	92	return	return	NOUN
taxlaw-2791	555	93	is	be	AUX
taxlaw-2791	555	94	taxed	tax	VERB
taxlaw-2791	555	95	to	to	ADP
taxlaw-2791	555	96	lp	lp	PROPN
taxlaw-2791	555	97	.	.	PUNCT
taxlaw-2791	556	1	similarly	similarly	ADV
taxlaw-2791	556	2	,	,	PUNCT
taxlaw-2791	556	3	under	under	ADP
taxlaw-2791	556	4	the	the	DET
taxlaw-2791	556	5	service	service	NOUN
taxlaw-2791	556	6	’s	’s	PART
taxlaw-2791	556	7	administrative	administrative	ADJ
taxlaw-2791	556	8	guidance	guidance	NOUN
taxlaw-2791	556	9	for	for	ADP
taxlaw-2791	556	10	valuing	value	VERB
taxlaw-2791	556	11	a	a	DET
taxlaw-2791	556	12	profits	profit	NOUN
taxlaw-2791	556	13	interest	interest	NOUN
taxlaw-2791	556	14	upon	upon	SCONJ
taxlaw-2791	556	15	receipt	receipt	NOUN
taxlaw-2791	556	16	,	,	PUNCT
taxlaw-2791	556	17	there	there	PRON
taxlaw-2791	556	18	may	may	AUX
taxlaw-2791	556	19	be	be	AUX
taxlaw-2791	556	20	no	no	DET
taxlaw-2791	556	21	joint	joint	ADJ
taxlaw-2791	556	22	-	-	PUNCT
taxlaw-2791	556	23	tax	tax	NOUN
taxlaw-2791	556	24	advantage	advantage	NOUN
taxlaw-2791	556	25	if	if	SCONJ
taxlaw-2791	556	26	both	both	CCONJ
taxlaw-2791	556	27	lp	lp	NOUN
taxlaw-2791	556	28	and	and	CCONJ
taxlaw-2791	556	29	gp	gp	NOUN
taxlaw-2791	556	30	are	be	AUX
taxlaw-2791	556	31	taxed	tax	VERB
taxlaw-2791	556	32	at	at	ADP
taxlaw-2791	556	33	the	the	DET
taxlaw-2791	556	34	same	same	ADJ
taxlaw-2791	556	35	rates.96	rates.96	NOUN
taxlaw-2791	556	36	if	if	SCONJ
taxlaw-2791	556	37	lp	lp	ADJ
taxlaw-2791	556	38	is	be	AUX
taxlaw-2791	556	39	tax	tax	NOUN
taxlaw-2791	556	40	exempt	exempt	ADJ
taxlaw-2791	556	41	(	(	PUNCT
taxlaw-2791	556	42	or	or	CCONJ
taxlaw-2791	556	43	otherwise	otherwise	ADV
taxlaw-2791	556	44	tax	tax	NOUN
taxlaw-2791	556	45	95	95	NUM
taxlaw-2791	556	46	.	.	PUNCT
taxlaw-2791	557	1	see	see	VERB
taxlaw-2791	557	2	sanchirico	sanchirico	NOUN
taxlaw-2791	557	3	,	,	PUNCT
taxlaw-2791	557	4	supra	supra	ADJ
taxlaw-2791	557	5	note	note	NOUN
taxlaw-2791	557	6	5	5	NUM
taxlaw-2791	557	7	,	,	PUNCT
taxlaw-2791	557	8	at	at	ADP
taxlaw-2791	557	9	1076	1076	NUM
taxlaw-2791	557	10	,	,	PUNCT
taxlaw-2791	557	11	1082	1082	NUM
taxlaw-2791	557	12	(	(	PUNCT
taxlaw-2791	557	13	concluding	conclude	VERB
taxlaw-2791	557	14	that	that	SCONJ
taxlaw-2791	557	15	the	the	DET
taxlaw-2791	557	16	tax	tax	NOUN
taxlaw-2791	557	17	advantage	advantage	NOUN
taxlaw-2791	557	18	enjoyed	enjoy	VERB
taxlaw-2791	557	19	by	by	ADP
taxlaw-2791	557	20	private	private	ADJ
taxlaw-2791	557	21	equity	equity	NOUN
taxlaw-2791	557	22	fund	fund	NOUN
taxlaw-2791	557	23	managers	manager	NOUN
taxlaw-2791	557	24	“	"	PUNCT
taxlaw-2791	557	25	is	be	AUX
taxlaw-2791	557	26	most	most	ADV
taxlaw-2791	557	27	fundamentally	fundamentally	ADV
taxlaw-2791	557	28	a	a	DET
taxlaw-2791	557	29	form	form	NOUN
taxlaw-2791	557	30	of	of	ADP
taxlaw-2791	557	31	‘	'	PUNCT
taxlaw-2791	557	32	joint	joint	ADJ
taxlaw-2791	557	33	-	-	PUNCT
taxlaw-2791	557	34	tax	tax	NOUN
taxlaw-2791	557	35	arbitrage	arbitrage	NOUN
taxlaw-2791	557	36	’	'	PUNCT
taxlaw-2791	557	37	”	"	PUNCT
taxlaw-2791	557	38	rather	rather	ADV
taxlaw-2791	557	39	than	than	ADP
taxlaw-2791	557	40	“	"	PUNCT
taxlaw-2791	557	41	a	a	DET
taxlaw-2791	557	42	matter	matter	NOUN
taxlaw-2791	557	43	of	of	ADP
taxlaw-2791	557	44	wholesale	wholesale	ADJ
taxlaw-2791	557	45	conversion	conversion	NOUN
taxlaw-2791	557	46	and	and	CCONJ
taxlaw-2791	557	47	deferral	deferral	ADJ
taxlaw-2791	557	48	”	"	PUNCT
taxlaw-2791	557	49	)	)	PUNCT
taxlaw-2791	557	50	;	;	PUNCT
taxlaw-2791	558	1	knoll	knoll	NOUN
taxlaw-2791	558	2	,	,	PUNCT
taxlaw-2791	558	3	supra	supra	PROPN
taxlaw-2791	558	4	note	note	NOUN
taxlaw-2791	558	5	6	6	NUM
taxlaw-2791	558	6	,	,	PUNCT
taxlaw-2791	558	7	at	at	ADP
taxlaw-2791	558	8	128	128	NUM
taxlaw-2791	558	9	;	;	PUNCT
taxlaw-2791	558	10	weisbach	weisbach	NOUN
taxlaw-2791	558	11	,	,	PUNCT
taxlaw-2791	558	12	supra	supra	ADJ
taxlaw-2791	558	13	note	note	PROPN
taxlaw-2791	558	14	14	14	NUM
taxlaw-2791	558	15	,	,	PUNCT
taxlaw-2791	558	16	at	at	ADP
taxlaw-2791	558	17	732–33	732–33	PROPN
taxlaw-2791	558	18	(	(	PUNCT
taxlaw-2791	558	19	“	"	PUNCT
taxlaw-2791	558	20	[	[	X
taxlaw-2791	558	21	t]he	t]he	ADJ
taxlaw-2791	558	22	only	only	ADJ
taxlaw-2791	558	23	real	real	ADJ
taxlaw-2791	558	24	difference	difference	NOUN
taxlaw-2791	558	25	between	between	ADP
taxlaw-2791	558	26	use	use	NOUN
taxlaw-2791	558	27	of	of	ADP
taxlaw-2791	558	28	an	an	DET
taxlaw-2791	558	29	explicit	explicit	ADJ
taxlaw-2791	558	30	salary	salary	NOUN
taxlaw-2791	558	31	and	and	CCONJ
taxlaw-2791	558	32	the	the	DET
taxlaw-2791	558	33	use	use	NOUN
taxlaw-2791	558	34	of	of	ADP
taxlaw-2791	558	35	a	a	DET
taxlaw-2791	558	36	carried	carry	VERB
taxlaw-2791	558	37	interest	interest	NOUN
taxlaw-2791	558	38	relates	relate	VERB
taxlaw-2791	558	39	to	to	ADP
taxlaw-2791	558	40	having	have	VERB
taxlaw-2791	558	41	tax	tax	NOUN
taxlaw-2791	558	42	-	-	PUNCT
taxlaw-2791	558	43	exempt	exempt	ADJ
taxlaw-2791	558	44	investors	investor	NOUN
taxlaw-2791	558	45	.	.	PUNCT
taxlaw-2791	558	46	”	"	PUNCT
taxlaw-2791	558	47	)	)	PUNCT
taxlaw-2791	558	48	.	.	PUNCT
taxlaw-2791	559	1	96	96	NUM
taxlaw-2791	559	2	.	.	X
taxlaw-2791	560	1	one	one	NUM
taxlaw-2791	560	2	commentator	commentator	NOUN
taxlaw-2791	560	3	has	have	AUX
taxlaw-2791	560	4	recently	recently	ADV
taxlaw-2791	560	5	faulted	fault	VERB
taxlaw-2791	560	6	reformers	reformer	NOUN
taxlaw-2791	560	7	for	for	ADP
taxlaw-2791	560	8	failing	fail	VERB
taxlaw-2791	560	9	to	to	PART
taxlaw-2791	560	10	identify	identify	VERB
taxlaw-2791	560	11	the	the	DET
taxlaw-2791	560	12	§	§	PROPN
taxlaw-2791	560	13	83(b	83(b	NUM
taxlaw-2791	560	14	)	)	PUNCT
taxlaw-2791	560	15	election	election	NOUN
taxlaw-2791	560	16	as	as	ADP
taxlaw-2791	560	17	a	a	DET
taxlaw-2791	560	18	source	source	NOUN
taxlaw-2791	560	19	of	of	ADP
taxlaw-2791	560	20	inequity	inequity	NOUN
taxlaw-2791	560	21	in	in	ADP
taxlaw-2791	560	22	the	the	DET
taxlaw-2791	560	23	taxation	taxation	NOUN
taxlaw-2791	560	24	of	of	ADP
taxlaw-2791	560	25	equity	equity	NOUN
taxlaw-2791	560	26	-	-	PUNCT
taxlaw-2791	560	27	based	base	VERB
taxlaw-2791	560	28	deferred	deferred	ADJ
taxlaw-2791	560	29	compensation	compensation	NOUN
taxlaw-2791	560	30	.	.	PUNCT
taxlaw-2791	561	1	see	see	VERB
taxlaw-2791	561	2	philip	philip	PROPN
taxlaw-2791	561	3	f.	f.	PROPN
taxlaw-2791	561	4	postlewaite	postlewaite	PROPN
taxlaw-2791	561	5	,	,	PUNCT
taxlaw-2791	561	6	fifteen	fifteen	NUM
taxlaw-2791	561	7	and	and	CCONJ
taxlaw-2791	561	8	thirty	thirty	NUM
taxlaw-2791	561	9	five	five	NUM
taxlaw-2791	561	10	—	—	PUNCT
taxlaw-2791	561	11	class	class	NOUN
taxlaw-2791	561	12	warfare	warfare	NOUN
taxlaw-2791	561	13	in	in	ADP
taxlaw-2791	561	14	subchapter	subchapter	NOUN
taxlaw-2791	561	15	k	k	PROPN
taxlaw-2791	561	16	of	of	ADP
taxlaw-2791	561	17	the	the	DET
taxlaw-2791	561	18	internal	internal	ADJ
taxlaw-2791	561	19	revenue	revenue	NOUN
taxlaw-2791	561	20	code	code	NOUN
taxlaw-2791	561	21	:	:	PUNCT
taxlaw-2791	561	22	the	the	DET
taxlaw-2791	561	23	taxation	taxation	NOUN
taxlaw-2791	561	24	of	of	ADP
taxlaw-2791	561	25	human	human	ADJ
taxlaw-2791	561	26	capital	capital	NOUN
taxlaw-2791	561	27	upon	upon	SCONJ
taxlaw-2791	561	28	the	the	DET
taxlaw-2791	561	29	receipt	receipt	NOUN
taxlaw-2791	561	30	of	of	ADP
taxlaw-2791	561	31	a	a	DET
taxlaw-2791	561	32	proprietary	proprietary	ADJ
taxlaw-2791	561	33	interest	interest	NOUN
taxlaw-2791	561	34	in	in	ADP
taxlaw-2791	561	35	a	a	DET
taxlaw-2791	561	36	business	business	NOUN
taxlaw-2791	561	37	enterprise	enterprise	NOUN
taxlaw-2791	561	38	,	,	PUNCT
taxlaw-2791	561	39	122	122	NUM
taxlaw-2791	561	40	tax	tax	NOUN
taxlaw-2791	561	41	notes	note	NOUN
taxlaw-2791	561	42	503	503	NUM
taxlaw-2791	561	43	,	,	PUNCT
taxlaw-2791	561	44	531	531	NUM
taxlaw-2791	561	45	(	(	PUNCT
taxlaw-2791	561	46	2009	2009	NUM
taxlaw-2791	561	47	)	)	PUNCT
taxlaw-2791	561	48	.	.	PUNCT
taxlaw-2791	562	1	from	from	ADP
taxlaw-2791	562	2	a	a	DET
taxlaw-2791	562	3	joint	joint	ADJ
taxlaw-2791	562	4	-	-	PUNCT
taxlaw-2791	562	5	tax	tax	NOUN
taxlaw-2791	562	6	perspective	perspective	NOUN
taxlaw-2791	562	7	,	,	PUNCT
taxlaw-2791	562	8	however	however	ADV
taxlaw-2791	562	9	,	,	PUNCT
taxlaw-2791	562	10	a	a	DET
taxlaw-2791	562	11	§	§	PROPN
taxlaw-2791	562	12	83(b	83(b	NUM
taxlaw-2791	562	13	)	)	PUNCT
taxlaw-2791	562	14	election	election	NOUN
taxlaw-2791	562	15	is	be	AUX
taxlaw-2791	562	16	likely	likely	ADJ
taxlaw-2791	562	17	to	to	PART
taxlaw-2791	562	18	be	be	AUX
taxlaw-2791	562	19	tax	tax	NOUN
taxlaw-2791	562	20	advantageous	advantageous	ADJ
taxlaw-2791	562	21	only	only	ADV
taxlaw-2791	562	22	if	if	SCONJ
taxlaw-2791	562	23	the	the	DET
taxlaw-2791	562	24	employer	employer	NOUN
taxlaw-2791	562	25	2010	2010	NUM
taxlaw-2791	562	26	]	]	PUNCT
taxlaw-2791	562	27	the	the	DET
taxlaw-2791	562	28	sou	sou	PROPN
taxlaw-2791	562	29	�	�	PROPN
taxlaw-2791	562	30	d	d	PROPN
taxlaw-2791	562	31	a	a	DET
taxlaw-2791	562	32	�	�	PROPN
taxlaw-2791	562	33	d	d	NOUN
taxlaw-2791	562	34	fury	fury	NOUN
taxlaw-2791	562	35	of	of	ADP
taxlaw-2791	562	36	carried	carry	VERB
taxlaw-2791	562	37	i	i	PRON
taxlaw-2791	562	38	�	�	VERB
taxlaw-2791	562	39	terest	ter	ADJ
taxlaw-2791	562	40	reform	reform	NOUN
taxlaw-2791	562	41	25	25	NUM
taxlaw-2791	562	42	indifferent	indifferent	NOUN
taxlaw-2791	562	43	)	)	PUNCT
taxlaw-2791	562	44	,	,	PUNCT
taxlaw-2791	562	45	however	however	ADV
taxlaw-2791	562	46	,	,	PUNCT
taxlaw-2791	562	47	the	the	DET
taxlaw-2791	562	48	fundamental	fundamental	ADJ
taxlaw-2791	562	49	premise	premise	NOUN
taxlaw-2791	562	50	of	of	ADP
taxlaw-2791	562	51	safe	safe	ADJ
taxlaw-2791	562	52	harbor	harbor	NOUN
taxlaw-2791	562	53	treatment	treatment	NOUN
taxlaw-2791	562	54	is	be	AUX
taxlaw-2791	562	55	flawed	flawed	ADJ
taxlaw-2791	562	56	,	,	PUNCT
taxlaw-2791	562	57	since	since	SCONJ
taxlaw-2791	562	58	lp	lp	NOUN
taxlaw-2791	562	59	suffers	suffer	VERB
taxlaw-2791	562	60	no	no	DET
taxlaw-2791	562	61	offsetting	offset	VERB
taxlaw-2791	562	62	detriment	detriment	NOUN
taxlaw-2791	562	63	in	in	ADP
taxlaw-2791	562	64	the	the	DET
taxlaw-2791	562	65	form	form	NOUN
taxlaw-2791	562	66	of	of	ADP
taxlaw-2791	562	67	a	a	DET
taxlaw-2791	562	68	forgone	forgone	NOUN
taxlaw-2791	562	69	compensation	compensation	NOUN
taxlaw-2791	562	70	deduction.97	deduction.97	NOUN
taxlaw-2791	562	71	as	as	SCONJ
taxlaw-2791	562	72	discussed	discuss	VERB
taxlaw-2791	562	73	below	below	ADV
taxlaw-2791	562	74	,	,	PUNCT
taxlaw-2791	562	75	the	the	DET
taxlaw-2791	562	76	service	service	NOUN
taxlaw-2791	562	77	’s	’s	PART
taxlaw-2791	562	78	liberal	liberal	ADJ
taxlaw-2791	562	79	administrative	administrative	ADJ
taxlaw-2791	562	80	guidance	guidance	NOUN
taxlaw-2791	562	81	on	on	ADP
taxlaw-2791	562	82	profits	profit	NOUN
taxlaw-2791	562	83	interests	interest	NOUN
taxlaw-2791	562	84	was	be	AUX
taxlaw-2791	562	85	arguably	arguably	ADV
taxlaw-2791	562	86	never	never	ADV
taxlaw-2791	562	87	intended	intend	VERB
taxlaw-2791	562	88	to	to	PART
taxlaw-2791	562	89	sanction	sanction	VERB
taxlaw-2791	562	90	the	the	DET
taxlaw-2791	562	91	type	type	NOUN
taxlaw-2791	562	92	of	of	ADP
taxlaw-2791	562	93	capital	capital	NOUN
taxlaw-2791	562	94	-	-	PUNCT
taxlaw-2791	562	95	gain	gain	NOUN
taxlaw-2791	562	96	conversion	conversion	NOUN
taxlaw-2791	562	97	that	that	PRON
taxlaw-2791	562	98	prompted	prompt	VERB
taxlaw-2791	562	99	reformers	reformer	NOUN
taxlaw-2791	562	100	’	'	PUNCT
taxlaw-2791	562	101	ire	ire	NOUN
taxlaw-2791	562	102	.	.	PUNCT
taxlaw-2791	563	1	rather	rather	ADV
taxlaw-2791	563	2	,	,	PUNCT
taxlaw-2791	563	3	safe	safe	ADJ
taxlaw-2791	563	4	harbor	harbor	NOUN
taxlaw-2791	563	5	treatment	treatment	NOUN
taxlaw-2791	563	6	should	should	AUX
taxlaw-2791	563	7	be	be	AUX
taxlaw-2791	563	8	limited	limit	VERB
taxlaw-2791	563	9	to	to	ADP
taxlaw-2791	563	10	those	those	DET
taxlaw-2791	563	11	situations	situation	NOUN
taxlaw-2791	563	12	in	in	ADP
taxlaw-2791	563	13	which	which	PRON
taxlaw-2791	563	14	there	there	PRON
taxlaw-2791	563	15	is	be	VERB
taxlaw-2791	563	16	little	little	ADJ
taxlaw-2791	563	17	room	room	NOUN
taxlaw-2791	563	18	for	for	ADP
taxlaw-2791	563	19	abuse	abuse	NOUN
taxlaw-2791	563	20	because	because	SCONJ
taxlaw-2791	563	21	sufficient	sufficient	ADJ
taxlaw-2791	563	22	tax	tax	NOUN
taxlaw-2791	563	23	tension	tension	NOUN
taxlaw-2791	563	24	exists	exist	VERB
taxlaw-2791	563	25	between	between	ADP
taxlaw-2791	563	26	the	the	DET
taxlaw-2791	563	27	partners	partner	NOUN
taxlaw-2791	563	28	.	.	PUNCT
taxlaw-2791	564	1	ironically	ironically	ADV
taxlaw-2791	564	2	,	,	PUNCT
taxlaw-2791	564	3	it	it	PRON
taxlaw-2791	564	4	was	be	AUX
taxlaw-2791	564	5	quite	quite	ADV
taxlaw-2791	564	6	clear	clear	ADJ
taxlaw-2791	564	7	to	to	ADP
taxlaw-2791	564	8	sophisticated	sophisticated	ADJ
taxlaw-2791	564	9	partnership	partnership	NOUN
taxlaw-2791	564	10	practitioners	practitioner	NOUN
taxlaw-2791	564	11	,	,	PUNCT
taxlaw-2791	564	12	though	though	SCONJ
taxlaw-2791	564	13	perhaps	perhaps	ADV
taxlaw-2791	564	14	not	not	PART
taxlaw-2791	564	15	to	to	ADP
taxlaw-2791	564	16	congress	congress	PROPN
taxlaw-2791	564	17	,	,	PUNCT
taxlaw-2791	564	18	that	that	PRON
taxlaw-2791	564	19	private	private	ADJ
taxlaw-2791	564	20	equity	equity	NOUN
taxlaw-2791	564	21	arrangements	arrangement	NOUN
taxlaw-2791	564	22	were	be	AUX
taxlaw-2791	564	23	not	not	PART
taxlaw-2791	564	24	literally	literally	ADV
taxlaw-2791	564	25	protected	protect	VERB
taxlaw-2791	564	26	under	under	ADP
taxlaw-2791	564	27	the	the	DET
taxlaw-2791	564	28	service	service	NOUN
taxlaw-2791	564	29	’s	’s	PART
taxlaw-2791	564	30	administrative	administrative	ADJ
taxlaw-2791	564	31	guidance	guidance	NOUN
taxlaw-2791	564	32	.	.	PUNCT
taxlaw-2791	565	1	on	on	ADP
taxlaw-2791	565	2	the	the	DET
taxlaw-2791	565	3	one	one	NUM
taxlaw-2791	565	4	hand	hand	NOUN
taxlaw-2791	565	5	,	,	PUNCT
taxlaw-2791	565	6	practitioners	practitioner	NOUN
taxlaw-2791	565	7	perhaps	perhaps	ADV
taxlaw-2791	565	8	hoped	hope	VERB
taxlaw-2791	565	9	and	and	CCONJ
taxlaw-2791	565	10	believed	believe	VERB
taxlaw-2791	565	11	that	that	SCONJ
taxlaw-2791	565	12	regulations	regulation	NOUN
taxlaw-2791	565	13	proposed	propose	VERB
taxlaw-2791	565	14	in	in	ADP
taxlaw-2791	565	15	2005	2005	NUM
taxlaw-2791	565	16	(	(	PUNCT
taxlaw-2791	565	17	and	and	CCONJ
taxlaw-2791	565	18	never	never	ADV
taxlaw-2791	565	19	finalized	finalize	VERB
taxlaw-2791	565	20	)	)	PUNCT
taxlaw-2791	565	21	would	would	AUX
taxlaw-2791	565	22	retroactively	retroactively	ADV
taxlaw-2791	565	23	sanction	sanction	VERB
taxlaw-2791	565	24	the	the	DET
taxlaw-2791	565	25	aggressive	aggressive	ADJ
taxlaw-2791	565	26	position	position	NOUN
taxlaw-2791	565	27	that	that	PRON
taxlaw-2791	565	28	receipt	receipt	NOUN
taxlaw-2791	565	29	of	of	ADP
taxlaw-2791	565	30	such	such	ADJ
taxlaw-2791	565	31	carried	carry	VERB
taxlaw-2791	565	32	interests	interest	NOUN
taxlaw-2791	565	33	was	be	AUX
taxlaw-2791	565	34	tax	tax	NOUN
taxlaw-2791	565	35	free	free	ADJ
taxlaw-2791	565	36	.	.	PUNCT
taxlaw-2791	566	1	on	on	ADP
taxlaw-2791	566	2	the	the	DET
taxlaw-2791	566	3	other	other	ADJ
taxlaw-2791	566	4	hand	hand	NOUN
taxlaw-2791	566	5	,	,	PUNCT
taxlaw-2791	566	6	reformers	reformer	NOUN
taxlaw-2791	566	7	demanded	demand	VERB
taxlaw-2791	566	8	a	a	DET
taxlaw-2791	566	9	statutory	statutory	ADJ
taxlaw-2791	566	10	solution	solution	NOUN
taxlaw-2791	566	11	to	to	ADP
taxlaw-2791	566	12	a	a	DET
taxlaw-2791	566	13	problem	problem	NOUN
taxlaw-2791	566	14	flowing	flow	VERB
taxlaw-2791	566	15	from	from	ADP
taxlaw-2791	566	16	overly	overly	ADV
taxlaw-2791	566	17	generous	generous	ADJ
taxlaw-2791	566	18	administrative	administrative	ADJ
taxlaw-2791	566	19	rules	rule	NOUN
taxlaw-2791	566	20	that	that	PRON
taxlaw-2791	566	21	never	never	ADV
taxlaw-2791	566	22	had	have	VERB
taxlaw-2791	566	23	the	the	DET
taxlaw-2791	566	24	force	force	NOUN
taxlaw-2791	566	25	of	of	ADP
taxlaw-2791	566	26	law	law	NOUN
taxlaw-2791	566	27	.	.	PUNCT
taxlaw-2791	567	1	if	if	SCONJ
taxlaw-2791	567	2	the	the	DET
taxlaw-2791	567	3	problem	problem	NOUN
taxlaw-2791	567	4	was	be	AUX
taxlaw-2791	567	5	administrative	administrative	ADJ
taxlaw-2791	567	6	in	in	ADP
taxlaw-2791	567	7	nature	nature	NOUN
taxlaw-2791	567	8	,	,	PUNCT
taxlaw-2791	567	9	however	however	ADV
taxlaw-2791	567	10	,	,	PUNCT
taxlaw-2791	567	11	the	the	DET
taxlaw-2791	567	12	solution	solution	NOUN
taxlaw-2791	567	13	may	may	AUX
taxlaw-2791	567	14	well	well	ADV
taxlaw-2791	567	15	be	be	AUX
taxlaw-2791	567	16	for	for	SCONJ
taxlaw-2791	567	17	congress	congress	PROPN
taxlaw-2791	567	18	to	to	PART
taxlaw-2791	567	19	direct	direct	VERB
taxlaw-2791	567	20	treasury	treasury	NOUN
taxlaw-2791	567	21	to	to	PART
taxlaw-2791	567	22	use	use	VERB
taxlaw-2791	567	23	existing	exist	VERB
taxlaw-2791	567	24	regulatory	regulatory	ADJ
taxlaw-2791	567	25	and	and	CCONJ
taxlaw-2791	567	26	statutory	statutory	ADJ
taxlaw-2791	567	27	tools	tool	NOUN
taxlaw-2791	567	28	to	to	PART
taxlaw-2791	567	29	address	address	VERB
taxlaw-2791	567	30	the	the	DET
taxlaw-2791	567	31	underlying	underlying	ADJ
taxlaw-2791	567	32	problem	problem	NOUN
taxlaw-2791	567	33	.	.	PUNCT
taxlaw-2791	568	1	while	while	SCONJ
taxlaw-2791	568	2	generally	generally	ADV
taxlaw-2791	568	3	following	follow	VERB
taxlaw-2791	568	4	the	the	DET
taxlaw-2791	568	5	service	service	NOUN
taxlaw-2791	568	6	’s	’s	PART
taxlaw-2791	568	7	prior	prior	ADJ
taxlaw-2791	568	8	administrative	administrative	ADJ
taxlaw-2791	568	9	guidance	guidance	NOUN
taxlaw-2791	568	10	,	,	PUNCT
taxlaw-2791	568	11	the	the	DET
taxlaw-2791	568	12	2005	2005	NUM
taxlaw-2791	568	13	proposed	propose	VERB
taxlaw-2791	568	14	regulations	regulation	NOUN
taxlaw-2791	568	15	impose	impose	VERB
taxlaw-2791	568	16	formal	formal	ADJ
taxlaw-2791	568	17	conditions	condition	NOUN
taxlaw-2791	568	18	concerning	concern	VERB
taxlaw-2791	568	19	the	the	DET
taxlaw-2791	568	20	taxation	taxation	NOUN
taxlaw-2791	568	21	of	of	ADP
taxlaw-2791	568	22	profits	profit	NOUN
taxlaw-2791	568	23	interests	interest	NOUN
taxlaw-2791	568	24	more	more	ADV
taxlaw-2791	568	25	consistent	consistent	ADJ
taxlaw-2791	568	26	with	with	ADP
taxlaw-2791	568	27	the	the	DET
taxlaw-2791	568	28	general	general	ADJ
taxlaw-2791	568	29	structure	structure	NOUN
taxlaw-2791	568	30	of	of	ADP
taxlaw-2791	568	31	§	§	PROPN
taxlaw-2791	568	32	83.98	83.98	NUM
taxlaw-2791	568	33	under	under	ADP
taxlaw-2791	568	34	the	the	DET
taxlaw-2791	568	35	proposed	propose	VERB
taxlaw-2791	568	36	regulations	regulation	NOUN
taxlaw-2791	568	37	,	,	PUNCT
taxlaw-2791	568	38	two	two	NUM
taxlaw-2791	568	39	elections	election	NOUN
taxlaw-2791	568	40	must	must	AUX
taxlaw-2791	568	41	be	be	AUX
taxlaw-2791	568	42	made	make	VERB
taxlaw-2791	568	43	to	to	PART
taxlaw-2791	568	44	ensure	ensure	VERB
taxlaw-2791	568	45	partner	partner	NOUN
taxlaw-2791	568	46	status	status	NOUN
taxlaw-2791	568	47	:	:	PUNCT
taxlaw-2791	568	48	an	an	DET
taxlaw-2791	568	49	election	election	NOUN
taxlaw-2791	568	50	to	to	PART
taxlaw-2791	568	51	treat	treat	VERB
taxlaw-2791	568	52	the	the	DET
taxlaw-2791	568	53	value	value	NOUN
taxlaw-2791	568	54	of	of	ADP
taxlaw-2791	568	55	the	the	DET
taxlaw-2791	568	56	interest	interest	NOUN
taxlaw-2791	568	57	(	(	PUNCT
taxlaw-2791	568	58	capital	capital	NOUN
taxlaw-2791	568	59	or	or	CCONJ
taxlaw-2791	568	60	profits	profit	NOUN
taxlaw-2791	568	61	)	)	PUNCT
taxlaw-2791	568	62	as	as	ADV
taxlaw-2791	568	63	equal	equal	ADJ
taxlaw-2791	568	64	to	to	ADP
taxlaw-2791	568	65	the	the	DET
taxlaw-2791	568	66	amount	amount	NOUN
taxlaw-2791	568	67	the	the	DET
taxlaw-2791	568	68	service	service	NOUN
taxlaw-2791	568	69	provider	provider	NOUN
taxlaw-2791	568	70	would	would	AUX
taxlaw-2791	568	71	receive	receive	VERB
taxlaw-2791	568	72	on	on	ADP
taxlaw-2791	568	73	an	an	DET
taxlaw-2791	568	74	immediate	immediate	ADJ
taxlaw-2791	568	75	deemed	deemed	ADJ
taxlaw-2791	568	76	liquidation	liquidation	NOUN
taxlaw-2791	568	77	of	of	ADP
taxlaw-2791	568	78	the	the	DET
taxlaw-2791	568	79	partnership	partnership	NOUN
taxlaw-2791	568	80	(	(	PUNCT
taxlaw-2791	568	81	the	the	DET
taxlaw-2791	568	82	liquidation	liquidation	NOUN
taxlaw-2791	568	83	-	-	PUNCT
taxlaw-2791	568	84	value	value	NOUN
taxlaw-2791	568	85	election	election	NOUN
taxlaw-2791	568	86	)	)	PUNCT
taxlaw-2791	568	87	and	and	CCONJ
taxlaw-2791	568	88	an	an	DET
taxlaw-2791	568	89	election	election	NOUN
taxlaw-2791	568	90	to	to	PART
taxlaw-2791	568	91	include	include	VERB
taxlaw-2791	568	92	the	the	DET
taxlaw-2791	568	93	value	value	NOUN
taxlaw-2791	568	94	of	of	ADP
taxlaw-2791	568	95	a	a	DET
taxlaw-2791	568	96	nonvested	nonveste	VERB
taxlaw-2791	568	97	interest	interest	NOUN
taxlaw-2791	568	98	in	in	ADP
taxlaw-2791	568	99	income	income	NOUN
taxlaw-2791	568	100	(	(	PUNCT
taxlaw-2791	568	101	a	a	DET
taxlaw-2791	568	102	§	§	PROPN
taxlaw-2791	568	103	83(b	83(b	NUM
taxlaw-2791	568	104	)	)	PUNCT
taxlaw-2791	568	105	election).99	election).99	PROPN
taxlaw-2791	569	1	the	the	DET
taxlaw-2791	569	2	proposed	propose	VERB
taxlaw-2791	569	3	regulations	regulation	NOUN
taxlaw-2791	569	4	sanction	sanction	NOUN
taxlaw-2791	569	5	nonrecognition	nonrecognition	NOUN
taxlaw-2791	569	6	of	of	ADP
taxlaw-2791	569	7	gain	gain	NOUN
taxlaw-2791	569	8	or	or	CCONJ
taxlaw-2791	569	9	loss	loss	NOUN
taxlaw-2791	569	10	at	at	ADP
taxlaw-2791	569	11	the	the	DET
taxlaw-2791	569	12	partnership	partnership	NOUN
taxlaw-2791	569	13	level	level	NOUN
taxlaw-2791	569	14	when	when	SCONJ
taxlaw-2791	569	15	a	a	DET
taxlaw-2791	569	16	partnership	partnership	NOUN
taxlaw-2791	569	17	transfers	transfer	VERB
taxlaw-2791	569	18	a	a	DET
taxlaw-2791	569	19	compensatory	compensatory	ADJ
taxlaw-2791	569	20	partnership	partnership	NOUN
taxlaw-2791	569	21	interest	interest	NOUN
taxlaw-2791	569	22	or	or	CCONJ
taxlaw-2791	569	23	is	be	AUX
taxlaw-2791	569	24	effectively	effectively	ADV
taxlaw-2791	569	25	tax	tax	NOUN
taxlaw-2791	569	26	-	-	PUNCT
taxlaw-2791	569	27	exempt	exempt	ADJ
taxlaw-2791	569	28	;	;	PUNCT
taxlaw-2791	569	29	in	in	ADP
taxlaw-2791	569	30	this	this	DET
taxlaw-2791	569	31	situation	situation	NOUN
taxlaw-2791	569	32	,	,	PUNCT
taxlaw-2791	569	33	“	"	PUNCT
taxlaw-2791	569	34	the	the	DET
taxlaw-2791	569	35	parties	party	NOUN
taxlaw-2791	569	36	can	can	AUX
taxlaw-2791	569	37	generate	generate	VERB
taxlaw-2791	569	38	a	a	DET
taxlaw-2791	569	39	large	large	ADJ
taxlaw-2791	569	40	tax	tax	NOUN
taxlaw-2791	569	41	benefit	benefit	NOUN
taxlaw-2791	569	42	from	from	ADP
taxlaw-2791	569	43	undervaluing	undervalue	VERB
taxlaw-2791	569	44	the	the	DET
taxlaw-2791	569	45	employer	employer	NOUN
taxlaw-2791	569	46	’s	’s	PART
taxlaw-2791	569	47	shares	share	NOUN
taxlaw-2791	569	48	and	and	CCONJ
taxlaw-2791	569	49	making	make	VERB
taxlaw-2791	569	50	the	the	DET
taxlaw-2791	569	51	election	election	NOUN
taxlaw-2791	569	52	.	.	PUNCT
taxlaw-2791	569	53	”	"	PUNCT
taxlaw-2791	570	1	see	see	VERB
taxlaw-2791	570	2	knoll	knoll	NOUN
taxlaw-2791	570	3	,	,	PUNCT
taxlaw-2791	570	4	supra	supra	PROPN
taxlaw-2791	570	5	note	note	NOUN
taxlaw-2791	570	6	5	5	NUM
taxlaw-2791	570	7	,	,	PUNCT
taxlaw-2791	570	8	at	at	ADP
taxlaw-2791	570	9	745	745	NUM
taxlaw-2791	570	10	.	.	PUNCT
taxlaw-2791	571	1	97	97	NUM
taxlaw-2791	571	2	.	.	PUNCT
taxlaw-2791	572	1	while	while	SCONJ
taxlaw-2791	572	2	the	the	DET
taxlaw-2791	572	3	lack	lack	NOUN
taxlaw-2791	572	4	of	of	ADP
taxlaw-2791	572	5	any	any	DET
taxlaw-2791	572	6	offsetting	offset	VERB
taxlaw-2791	572	7	tax	tax	NOUN
taxlaw-2791	572	8	detriment	detriment	NOUN
taxlaw-2791	572	9	should	should	AUX
taxlaw-2791	572	10	be	be	AUX
taxlaw-2791	572	11	sufficient	sufficient	ADJ
taxlaw-2791	572	12	grounds	ground	NOUN
taxlaw-2791	572	13	to	to	PART
taxlaw-2791	572	14	exclude	exclude	VERB
taxlaw-2791	572	15	such	such	ADJ
taxlaw-2791	572	16	arrangements	arrangement	NOUN
taxlaw-2791	572	17	from	from	ADP
taxlaw-2791	572	18	safe	safe	ADJ
taxlaw-2791	572	19	harbor	harbor	NOUN
taxlaw-2791	572	20	treatment	treatment	NOUN
taxlaw-2791	572	21	,	,	PUNCT
taxlaw-2791	572	22	current	current	ADJ
taxlaw-2791	572	23	law	law	NOUN
taxlaw-2791	572	24	may	may	AUX
taxlaw-2791	572	25	present	present	VERB
taxlaw-2791	572	26	a	a	DET
taxlaw-2791	572	27	closer	close	ADJ
taxlaw-2791	572	28	issue	issue	NOUN
taxlaw-2791	572	29	.	.	PUNCT
taxlaw-2791	573	1	see	see	VERB
taxlaw-2791	573	2	staff	staff	NOUN
taxlaw-2791	573	3	of	of	ADP
taxlaw-2791	573	4	the	the	DET
taxlaw-2791	573	5	joint	joint	ADJ
taxlaw-2791	573	6	comm	comm	NOUN
taxlaw-2791	573	7	.	.	PUNCT
taxlaw-2791	574	1	on	on	ADP
taxlaw-2791	574	2	tax’n	tax’n	NUM
taxlaw-2791	574	3	,	,	PUNCT
taxlaw-2791	574	4	present	present	ADJ
taxlaw-2791	574	5	law	law	NOUN
taxlaw-2791	574	6	and	and	CCONJ
taxlaw-2791	574	7	analysis	analysis	NOUN
taxlaw-2791	574	8	relating	relate	VERB
taxlaw-2791	574	9	to	to	ADP
taxlaw-2791	574	10	tax	tax	NOUN
taxlaw-2791	574	11	treatment	treatment	NOUN
taxlaw-2791	574	12	of	of	ADP
taxlaw-2791	574	13	partnership	partnership	NOUN
taxlaw-2791	574	14	carried	carry	VERB
taxlaw-2791	574	15	interests	interest	NOUN
taxlaw-2791	574	16	and	and	CCONJ
taxlaw-2791	574	17	related	related	ADJ
taxlaw-2791	574	18	issues	issue	NOUN
taxlaw-2791	574	19	54	54	NUM
taxlaw-2791	574	20	(	(	PUNCT
taxlaw-2791	574	21	sept	sept	PROPN
taxlaw-2791	574	22	.	.	PROPN
taxlaw-2791	574	23	4	4	NUM
taxlaw-2791	574	24	,	,	PUNCT
taxlaw-2791	574	25	2007	2007	NUM
taxlaw-2791	574	26	)	)	PUNCT
taxlaw-2791	574	27	(	(	PUNCT
taxlaw-2791	574	28	jcx	jcx	ADJ
taxlaw-2791	574	29	6207	6207	NUM
taxlaw-2791	574	30	)	)	PUNCT
taxlaw-2791	574	31	(	(	PUNCT
taxlaw-2791	574	32	querying	query	VERB
taxlaw-2791	574	33	“	"	PUNCT
taxlaw-2791	574	34	whether	whether	SCONJ
taxlaw-2791	574	35	it	it	PRON
taxlaw-2791	574	36	is	be	AUX
taxlaw-2791	574	37	appropriate	appropriate	ADJ
taxlaw-2791	574	38	to	to	PART
taxlaw-2791	574	39	permit	permit	VERB
taxlaw-2791	574	40	the	the	DET
taxlaw-2791	574	41	general	general	ADJ
taxlaw-2791	574	42	partner	partner	NOUN
taxlaw-2791	574	43	to	to	PART
taxlaw-2791	574	44	have	have	VERB
taxlaw-2791	574	45	favorable	favorable	ADJ
taxlaw-2791	574	46	tax	tax	NOUN
taxlaw-2791	574	47	treatment	treatment	NOUN
taxlaw-2791	574	48	premised	premise	VERB
taxlaw-2791	574	49	on	on	ADP
taxlaw-2791	574	50	an	an	DET
taxlaw-2791	574	51	offsetting	offset	VERB
taxlaw-2791	574	52	tax	tax	NOUN
taxlaw-2791	574	53	disadvantage	disadvantage	NOUN
taxlaw-2791	574	54	to	to	ADP
taxlaw-2791	574	55	limited	limit	VERB
taxlaw-2791	574	56	partners	partner	NOUN
taxlaw-2791	574	57	when	when	SCONJ
taxlaw-2791	574	58	,	,	PUNCT
taxlaw-2791	574	59	by	by	ADP
taxlaw-2791	574	60	virtue	virtue	NOUN
taxlaw-2791	574	61	of	of	ADP
taxlaw-2791	574	62	the	the	DET
taxlaw-2791	574	63	limited	limited	ADJ
taxlaw-2791	574	64	partners	partner	NOUN
taxlaw-2791	574	65	’	'	PUNCT
taxlaw-2791	574	66	tax	tax	NOUN
taxlaw-2791	574	67	status	status	NOUN
taxlaw-2791	574	68	,	,	PUNCT
taxlaw-2791	574	69	no	no	DET
taxlaw-2791	574	70	such	such	ADJ
taxlaw-2791	574	71	disadvantage	disadvantage	NOUN
taxlaw-2791	574	72	results	result	NOUN
taxlaw-2791	574	73	.	.	PUNCT
taxlaw-2791	574	74	”	"	PUNCT
taxlaw-2791	574	75	)	)	PUNCT
taxlaw-2791	574	76	.	.	PUNCT
taxlaw-2791	575	1	98	98	NUM
taxlaw-2791	575	2	.	.	PUNCT
taxlaw-2791	576	1	see	see	VERB
taxlaw-2791	576	2	reg-105	reg-105	NOUN
taxlaw-2791	576	3	-	-	PUNCT
taxlaw-2791	576	4	346	346	NUM
taxlaw-2791	576	5	-	-	PUNCT
taxlaw-2791	576	6	03	03	NUM
taxlaw-2791	576	7	,	,	PUNCT
taxlaw-2791	576	8	supra	supra	NOUN
taxlaw-2791	576	9	note	note	NOUN
taxlaw-2791	576	10	32	32	NUM
taxlaw-2791	576	11	,	,	PUNCT
taxlaw-2791	576	12	preamble	preamble	ADJ
taxlaw-2791	576	13	.	.	PUNCT
taxlaw-2791	577	1	under	under	ADP
taxlaw-2791	577	2	the	the	DET
taxlaw-2791	577	3	proposed	propose	VERB
taxlaw-2791	577	4	2005	2005	NUM
taxlaw-2791	577	5	regulations	regulation	NOUN
taxlaw-2791	577	6	,	,	PUNCT
taxlaw-2791	577	7	the	the	DET
taxlaw-2791	577	8	liquidation	liquidation	NOUN
taxlaw-2791	577	9	-	-	PUNCT
taxlaw-2791	577	10	value	value	NOUN
taxlaw-2791	577	11	election	election	NOUN
taxlaw-2791	577	12	is	be	AUX
taxlaw-2791	577	13	available	available	ADJ
taxlaw-2791	577	14	only	only	ADV
taxlaw-2791	577	15	if	if	SCONJ
taxlaw-2791	577	16	services	service	NOUN
taxlaw-2791	577	17	are	be	AUX
taxlaw-2791	577	18	performed	perform	VERB
taxlaw-2791	577	19	for	for	ADP
taxlaw-2791	577	20	the	the	DET
taxlaw-2791	577	21	issuing	issue	VERB
taxlaw-2791	577	22	partnership	partnership	NOUN
taxlaw-2791	577	23	.	.	PUNCT
taxlaw-2791	578	1	99	99	NUM
taxlaw-2791	578	2	.	.	PUNCT
taxlaw-2791	578	3	see	see	VERB
taxlaw-2791	579	1	i	i	PRON
taxlaw-2791	579	2	d.	d.	PROPN
taxlaw-2791	579	3	26	26	NUM
taxlaw-2791	579	4	columbia	columbia	PROPN
taxlaw-2791	579	5	jour	jour	PROPN
taxlaw-2791	579	6	�	�	PROPN
taxlaw-2791	579	7	al	al	PROPN
taxlaw-2791	579	8	of	of	ADP
taxlaw-2791	579	9	tax	tax	NOUN
taxlaw-2791	579	10	law	law	NOUN
taxlaw-2791	579	11	[	[	X
taxlaw-2791	579	12	vol	vol	NOUN
taxlaw-2791	579	13	.	.	PUNCT
taxlaw-2791	580	1	1:1	1:1	NUM
taxlaw-2791	580	2	option.100	option.100	INTJ
taxlaw-2791	580	3	under	under	ADP
taxlaw-2791	580	4	the	the	DET
taxlaw-2791	580	5	so	so	ADV
taxlaw-2791	580	6	-	-	PUNCT
taxlaw-2791	580	7	called	call	VERB
taxlaw-2791	580	8	“	"	PUNCT
taxlaw-2791	580	9	circle	circle	NOUN
taxlaw-2791	580	10	-	-	PUNCT
taxlaw-2791	580	11	of	of	ADP
taxlaw-2791	580	12	-	-	PUNCT
taxlaw-2791	580	13	cash	cash	NOUN
taxlaw-2791	580	14	”	"	PUNCT
taxlaw-2791	580	15	theory	theory	NOUN
taxlaw-2791	580	16	,	,	PUNCT
taxlaw-2791	580	17	the	the	DET
taxlaw-2791	580	18	partnership	partnership	NOUN
taxlaw-2791	580	19	may	may	AUX
taxlaw-2791	580	20	be	be	AUX
taxlaw-2791	580	21	deemed	deem	VERB
taxlaw-2791	580	22	to	to	PART
taxlaw-2791	580	23	transfer	transfer	VERB
taxlaw-2791	580	24	cash	cash	NOUN
taxlaw-2791	580	25	compensation	compensation	NOUN
taxlaw-2791	580	26	to	to	ADP
taxlaw-2791	580	27	the	the	DET
taxlaw-2791	580	28	service	service	NOUN
taxlaw-2791	580	29	partner	partner	NOUN
taxlaw-2791	580	30	who	who	PRON
taxlaw-2791	580	31	then	then	ADV
taxlaw-2791	580	32	recontributes	recontribute	VERB
taxlaw-2791	580	33	the	the	DET
taxlaw-2791	580	34	cash	cash	NOUN
taxlaw-2791	580	35	to	to	ADP
taxlaw-2791	580	36	the	the	DET
taxlaw-2791	580	37	partnership	partnership	NOUN
taxlaw-2791	580	38	in	in	ADP
taxlaw-2791	580	39	exchange	exchange	NOUN
taxlaw-2791	580	40	for	for	ADP
taxlaw-2791	580	41	a	a	DET
taxlaw-2791	580	42	capital	capital	NOUN
taxlaw-2791	580	43	interest	interest	NOUN
taxlaw-2791	580	44	.	.	PUNCT
taxlaw-2791	581	1	the	the	DET
taxlaw-2791	581	2	2005	2005	NUM
taxlaw-2791	581	3	proposed	propose	VERB
taxlaw-2791	581	4	regulations	regulation	NOUN
taxlaw-2791	581	5	do	do	AUX
taxlaw-2791	581	6	not	not	PART
taxlaw-2791	581	7	explicitly	explicitly	ADV
taxlaw-2791	581	8	adopt	adopt	VERB
taxlaw-2791	581	9	the	the	DET
taxlaw-2791	581	10	circle	circle	NOUN
taxlaw-2791	581	11	-	-	PUNCT
taxlaw-2791	581	12	of	of	ADP
taxlaw-2791	581	13	-	-	PUNCT
taxlaw-2791	581	14	cash	cash	NOUN
taxlaw-2791	581	15	theory	theory	NOUN
taxlaw-2791	581	16	;	;	PUNCT
taxlaw-2791	581	17	without	without	ADP
taxlaw-2791	581	18	any	any	DET
taxlaw-2791	581	19	analysis	analysis	NOUN
taxlaw-2791	581	20	or	or	CCONJ
taxlaw-2791	581	21	discussion	discussion	NOUN
taxlaw-2791	581	22	,	,	PUNCT
taxlaw-2791	581	23	the	the	DET
taxlaw-2791	581	24	preamble	preamble	ADJ
taxlaw-2791	581	25	states	state	VERB
taxlaw-2791	581	26	merely	merely	ADV
taxlaw-2791	581	27	that	that	SCONJ
taxlaw-2791	581	28	deferring	defer	VERB
taxlaw-2791	581	29	partnership	partnership	NOUN
taxlaw-2791	581	30	-	-	PUNCT
taxlaw-2791	581	31	level	level	NOUN
taxlaw-2791	581	32	gain	gain	NOUN
taxlaw-2791	581	33	is	be	AUX
taxlaw-2791	581	34	“	"	PUNCT
taxlaw-2791	581	35	more	more	ADV
taxlaw-2791	581	36	consistent	consistent	ADJ
taxlaw-2791	581	37	with	with	ADP
taxlaw-2791	581	38	the	the	DET
taxlaw-2791	581	39	[	[	X
taxlaw-2791	581	40	nonrecognition	nonrecognition	NOUN
taxlaw-2791	581	41	]	]	PUNCT
taxlaw-2791	581	42	policies	policy	NOUN
taxlaw-2791	581	43	underlying	underlie	VERB
taxlaw-2791	581	44	section	section	NOUN
taxlaw-2791	581	45	721	721	NUM
taxlaw-2791	581	46	”	"	PUNCT
taxlaw-2791	581	47	than	than	SCONJ
taxlaw-2791	581	48	would	would	AUX
taxlaw-2791	581	49	be	be	AUX
taxlaw-2791	581	50	a	a	DET
taxlaw-2791	581	51	recognition	recognition	NOUN
taxlaw-2791	581	52	rule.101	rule.101	VERB
taxlaw-2791	581	53	the	the	DET
taxlaw-2791	581	54	2005	2005	NUM
taxlaw-2791	581	55	proposed	propose	VERB
taxlaw-2791	581	56	regulations	regulation	NOUN
taxlaw-2791	581	57	were	be	AUX
taxlaw-2791	581	58	controversial	controversial	ADJ
taxlaw-2791	581	59	because	because	SCONJ
taxlaw-2791	581	60	they	they	PRON
taxlaw-2791	581	61	contradicted	contradict	VERB
taxlaw-2791	581	62	prior	prior	ADJ
taxlaw-2791	581	63	authority	authority	NOUN
taxlaw-2791	581	64	that	that	PRON
taxlaw-2791	581	65	was	be	AUX
taxlaw-2791	581	66	generally	generally	ADV
taxlaw-2791	581	67	viewed	view	VERB
taxlaw-2791	581	68	as	as	ADP
taxlaw-2791	581	69	requiring	require	VERB
taxlaw-2791	581	70	nonservice	nonservice	NOUN
taxlaw-2791	581	71	partners	partner	NOUN
taxlaw-2791	581	72	to	to	PART
taxlaw-2791	581	73	recognize	recognize	VERB
taxlaw-2791	581	74	gain	gain	NOUN
taxlaw-2791	581	75	on	on	ADP
taxlaw-2791	581	76	exchange	exchange	NOUN
taxlaw-2791	581	77	of	of	ADP
taxlaw-2791	581	78	a	a	DET
taxlaw-2791	581	79	partnership	partnership	NOUN
taxlaw-2791	581	80	capital	capital	NOUN
taxlaw-2791	581	81	interest	interest	NOUN
taxlaw-2791	581	82	for	for	ADP
taxlaw-2791	581	83	services.102	services.102	PRON
taxlaw-2791	581	84	while	while	SCONJ
taxlaw-2791	581	85	the	the	DET
taxlaw-2791	581	86	partnership	partnership	NOUN
taxlaw-2791	581	87	tax	tax	NOUN
taxlaw-2791	581	88	bar	bar	NOUN
taxlaw-2791	581	89	has	have	AUX
taxlaw-2791	581	90	generally	generally	ADV
taxlaw-2791	581	91	extolled	extoll	VERB
taxlaw-2791	581	92	the	the	DET
taxlaw-2791	581	93	nonrecognition	nonrecognition	NOUN
taxlaw-2791	581	94	result	result	NOUN
taxlaw-2791	581	95	–	–	PUNCT
taxlaw-2791	581	96	by	by	ADP
taxlaw-2791	581	97	analogy	analogy	NOUN
taxlaw-2791	581	98	to	to	ADP
taxlaw-2791	581	99	§	§	PROPN
taxlaw-2791	581	100	1032	1032	NUM
taxlaw-2791	581	101	when	when	SCONJ
taxlaw-2791	581	102	a	a	DET
taxlaw-2791	581	103	corporation	corporation	NOUN
taxlaw-2791	581	104	transfers	transfer	VERB
taxlaw-2791	581	105	stock	stock	NOUN
taxlaw-2791	581	106	as	as	ADP
taxlaw-2791	581	107	compensation	compensation	NOUN
taxlaw-2791	581	108	for	for	ADP
taxlaw-2791	581	109	services	service	NOUN
taxlaw-2791	581	110	–	–	PUNCT
taxlaw-2791	581	111	such	such	ADJ
taxlaw-2791	581	112	treatment	treatment	NOUN
taxlaw-2791	581	113	is	be	AUX
taxlaw-2791	581	114	surprisingly	surprisingly	ADV
taxlaw-2791	581	115	difficult	difficult	ADJ
taxlaw-2791	581	116	to	to	PART
taxlaw-2791	581	117	reconcile	reconcile	VERB
taxlaw-2791	581	118	with	with	ADP
taxlaw-2791	581	119	the	the	DET
taxlaw-2791	581	120	legislative	legislative	ADJ
taxlaw-2791	581	121	history	history	NOUN
taxlaw-2791	581	122	and	and	CCONJ
taxlaw-2791	581	123	statutory	statutory	ADJ
taxlaw-2791	581	124	structure	structure	NOUN
taxlaw-2791	581	125	of	of	ADP
taxlaw-2791	581	126	§	§	PROPN
taxlaw-2791	581	127	721.103	721.103	NUM
taxlaw-2791	581	128	thus	thus	ADV
taxlaw-2791	581	129	far	far	ADV
taxlaw-2791	581	130	,	,	PUNCT
taxlaw-2791	581	131	the	the	DET
taxlaw-2791	581	132	carried	carry	VERB
taxlaw-2791	581	133	interest	interest	NOUN
taxlaw-2791	581	134	legislation	legislation	NOUN
taxlaw-2791	581	135	does	do	AUX
taxlaw-2791	581	136	not	not	PART
taxlaw-2791	581	137	address	address	VERB
taxlaw-2791	581	138	the	the	DET
taxlaw-2791	581	139	controversial	controversial	ADJ
taxlaw-2791	581	140	issue	issue	NOUN
taxlaw-2791	581	141	of	of	ADP
taxlaw-2791	581	142	partnership	partnership	NOUN
taxlaw-2791	581	143	-	-	PUNCT
taxlaw-2791	581	144	level	level	NOUN
taxlaw-2791	581	145	gain	gain	NOUN
taxlaw-2791	581	146	recognition	recognition	NOUN
taxlaw-2791	581	147	when	when	SCONJ
taxlaw-2791	581	148	a	a	DET
taxlaw-2791	581	149	service	service	NOUN
taxlaw-2791	581	150	partner	partner	NOUN
taxlaw-2791	581	151	receives	receive	VERB
taxlaw-2791	581	152	a	a	DET
taxlaw-2791	581	153	capital	capital	NOUN
taxlaw-2791	581	154	interest	interest	NOUN
taxlaw-2791	581	155	(	(	PUNCT
taxlaw-2791	581	156	or	or	CCONJ
taxlaw-2791	581	157	exercises	exercise	VERB
taxlaw-2791	581	158	a	a	DET
taxlaw-2791	581	159	compensatory	compensatory	NOUN
taxlaw-2791	581	160	option).104	option).104	NOUN
taxlaw-2791	581	161	now	now	ADV
taxlaw-2791	581	162	that	that	SCONJ
taxlaw-2791	581	163	§	§	PROPN
taxlaw-2791	581	164	710	710	NUM
taxlaw-2791	581	165	has	have	AUX
taxlaw-2791	581	166	implicitly	implicitly	ADV
taxlaw-2791	581	167	reopened	reopen	VERB
taxlaw-2791	581	168	these	these	DET
taxlaw-2791	581	169	issues	issue	NOUN
taxlaw-2791	581	170	,	,	PUNCT
taxlaw-2791	581	171	however	however	ADV
taxlaw-2791	581	172	,	,	PUNCT
taxlaw-2791	581	173	it	it	PRON
taxlaw-2791	581	174	seems	seem	VERB
taxlaw-2791	581	175	100	100	NUM
taxlaw-2791	581	176	.	.	PUNCT
taxlaw-2791	582	1	see	see	VERB
taxlaw-2791	582	2	prop	prop	NOUN
taxlaw-2791	582	3	.	.	PUNCT
taxlaw-2791	583	1	reg	reg	NOUN
taxlaw-2791	583	2	.	.	PUNCT
taxlaw-2791	584	1	§	§	PROPN
taxlaw-2791	584	2	1.721	1.721	NUM
taxlaw-2791	584	3	-	-	SYM
taxlaw-2791	584	4	1(b)(2	1(b)(2	NUM
taxlaw-2791	584	5	)	)	PUNCT
taxlaw-2791	584	6	,	,	PUNCT
taxlaw-2791	584	7	70	70	NUM
taxlaw-2791	584	8	fed	feed	VERB
taxlaw-2791	584	9	.	.	PUNCT
taxlaw-2791	585	1	reg	reg	PROPN
taxlaw-2791	585	2	.	.	PUNCT
taxlaw-2791	586	1	29675	29675	NUM
taxlaw-2791	586	2	(	(	PUNCT
taxlaw-2791	586	3	may	may	AUX
taxlaw-2791	586	4	24	24	NUM
taxlaw-2791	586	5	,	,	PUNCT
taxlaw-2791	586	6	2005	2005	NUM
taxlaw-2791	586	7	)	)	PUNCT
taxlaw-2791	586	8	.	.	PUNCT
taxlaw-2791	587	1	if	if	SCONJ
taxlaw-2791	587	2	the	the	DET
taxlaw-2791	587	3	partnership	partnership	NOUN
taxlaw-2791	587	4	revalues	revalue	VERB
taxlaw-2791	587	5	its	its	PRON
taxlaw-2791	587	6	assets	asset	NOUN
taxlaw-2791	587	7	in	in	ADP
taxlaw-2791	587	8	connection	connection	NOUN
taxlaw-2791	587	9	with	with	ADP
taxlaw-2791	587	10	the	the	DET
taxlaw-2791	587	11	service	service	NOUN
taxlaw-2791	587	12	partner	partner	NOUN
taxlaw-2791	587	13	’s	’s	PART
taxlaw-2791	587	14	admission	admission	NOUN
taxlaw-2791	587	15	,	,	PUNCT
taxlaw-2791	587	16	built	build	VERB
taxlaw-2791	587	17	-	-	PUNCT
taxlaw-2791	587	18	in	in	ADP
taxlaw-2791	587	19	gain	gain	NOUN
taxlaw-2791	587	20	or	or	CCONJ
taxlaw-2791	587	21	loss	loss	NOUN
taxlaw-2791	587	22	in	in	ADP
taxlaw-2791	587	23	the	the	DET
taxlaw-2791	587	24	partnership	partnership	NOUN
taxlaw-2791	587	25	’s	’s	PART
taxlaw-2791	587	26	assets	asset	NOUN
taxlaw-2791	587	27	is	be	AUX
taxlaw-2791	587	28	preserved	preserve	VERB
taxlaw-2791	587	29	,	,	PUNCT
taxlaw-2791	587	30	under	under	ADP
taxlaw-2791	587	31	§	§	PROPN
taxlaw-2791	587	32	704(c	704(c	PROPN
taxlaw-2791	587	33	)	)	PUNCT
taxlaw-2791	587	34	principles	principle	NOUN
taxlaw-2791	587	35	,	,	PUNCT
taxlaw-2791	587	36	for	for	ADP
taxlaw-2791	587	37	later	later	ADJ
taxlaw-2791	587	38	recognition	recognition	NOUN
taxlaw-2791	587	39	by	by	ADP
taxlaw-2791	587	40	the	the	DET
taxlaw-2791	587	41	non	non	ADJ
taxlaw-2791	587	42	-	-	ADJ
taxlaw-2791	587	43	service	service	ADJ
taxlaw-2791	587	44	partners	partner	NOUN
taxlaw-2791	587	45	.	.	PUNCT
taxlaw-2791	588	1	see	see	VERB
taxlaw-2791	588	2	treas	treas	PROPN
taxlaw-2791	588	3	.	.	PUNCT
taxlaw-2791	589	1	reg	reg	PROPN
taxlaw-2791	589	2	.	.	PUNCT
taxlaw-2791	590	1	§	§	PROPN
taxlaw-2791	590	2	1.704	1.704	NUM
taxlaw-2791	590	3	-	-	SYM
taxlaw-2791	590	4	1(b)(2)(iv)(f)(5)(iii	1(b)(2)(iv)(f)(5)(iii	NUM
taxlaw-2791	590	5	)	)	PUNCT
taxlaw-2791	590	6	(	(	PUNCT
taxlaw-2791	590	7	as	as	SCONJ
taxlaw-2791	590	8	amended	amend	VERB
taxlaw-2791	590	9	in	in	ADP
taxlaw-2791	590	10	2008	2008	NUM
taxlaw-2791	590	11	)	)	PUNCT
taxlaw-2791	590	12	;	;	PUNCT
taxlaw-2791	590	13	see	see	VERB
taxlaw-2791	590	14	also	also	ADV
taxlaw-2791	590	15	treas	treas	PROPN
taxlaw-2791	590	16	.	.	PUNCT
taxlaw-2791	591	1	reg	reg	PROPN
taxlaw-2791	591	2	.	.	PUNCT
taxlaw-2791	592	1	§	§	PROPN
taxlaw-2791	592	2	1.704	1.704	NUM
taxlaw-2791	592	3	-	-	NUM
taxlaw-2791	592	4	1(b)(4)(i	1(b)(4)(i	NUM
taxlaw-2791	592	5	)	)	PUNCT
taxlaw-2791	592	6	(	(	PUNCT
taxlaw-2791	592	7	as	as	SCONJ
taxlaw-2791	592	8	amended	amend	VERB
taxlaw-2791	592	9	in	in	ADP
taxlaw-2791	592	10	2008	2008	NUM
taxlaw-2791	592	11	)	)	PUNCT
taxlaw-2791	592	12	.	.	PUNCT
taxlaw-2791	593	1	101	101	NUM
taxlaw-2791	593	2	.	.	PUNCT
taxlaw-2791	593	3	reg-105	reg-105	NOUN
taxlaw-2791	593	4	-	-	PUNCT
taxlaw-2791	593	5	346	346	NUM
taxlaw-2791	593	6	-	-	PUNCT
taxlaw-2791	593	7	03	03	NUM
taxlaw-2791	593	8	,	,	PUNCT
taxlaw-2791	593	9	supra	supra	NOUN
taxlaw-2791	593	10	note	note	NOUN
taxlaw-2791	593	11	32	32	NUM
taxlaw-2791	593	12	,	,	PUNCT
taxlaw-2791	593	13	preamble	preamble	ADJ
taxlaw-2791	593	14	.	.	PUNCT
taxlaw-2791	594	1	102	102	NUM
taxlaw-2791	594	2	.	.	PUNCT
taxlaw-2791	595	1	under	under	ADP
taxlaw-2791	595	2	the	the	DET
taxlaw-2791	595	3	prevailing	prevail	VERB
taxlaw-2791	595	4	view	view	NOUN
taxlaw-2791	595	5	prior	prior	ADV
taxlaw-2791	595	6	to	to	ADP
taxlaw-2791	595	7	issuance	issuance	NOUN
taxlaw-2791	595	8	of	of	ADP
taxlaw-2791	595	9	the	the	DET
taxlaw-2791	595	10	proposed	propose	VERB
taxlaw-2791	595	11	2005	2005	NUM
taxlaw-2791	595	12	regulations	regulation	NOUN
taxlaw-2791	595	13	,	,	PUNCT
taxlaw-2791	595	14	transfer	transfer	NOUN
taxlaw-2791	595	15	of	of	ADP
taxlaw-2791	595	16	a	a	DET
taxlaw-2791	595	17	capital	capital	NOUN
taxlaw-2791	595	18	interest	interest	NOUN
taxlaw-2791	595	19	in	in	ADP
taxlaw-2791	595	20	exchange	exchange	NOUN
taxlaw-2791	595	21	for	for	ADP
taxlaw-2791	595	22	services	service	NOUN
taxlaw-2791	595	23	results	result	NOUN
taxlaw-2791	595	24	in	in	ADP
taxlaw-2791	595	25	recognition	recognition	NOUN
taxlaw-2791	595	26	of	of	ADP
taxlaw-2791	595	27	gain	gain	NOUN
taxlaw-2791	595	28	or	or	CCONJ
taxlaw-2791	595	29	loss	loss	NOUN
taxlaw-2791	595	30	at	at	ADP
taxlaw-2791	595	31	the	the	DET
taxlaw-2791	595	32	partnership	partnership	NOUN
taxlaw-2791	595	33	level	level	NOUN
taxlaw-2791	595	34	.	.	PUNCT
taxlaw-2791	596	1	see	see	VERB
taxlaw-2791	596	2	,	,	PUNCT
taxlaw-2791	596	3	e.g.	e.g.	ADV
taxlaw-2791	596	4	,	,	PUNCT
taxlaw-2791	596	5	yin	yin	PROPN
taxlaw-2791	596	6	&	&	CCONJ
taxlaw-2791	596	7	burke	burke	PROPN
taxlaw-2791	596	8	,	,	PUNCT
taxlaw-2791	596	9	supra	supra	PROPN
taxlaw-2791	596	10	note	note	NOUN
taxlaw-2791	596	11	74	74	NUM
taxlaw-2791	596	12	,	,	PUNCT
taxlaw-2791	596	13	at	at	ADP
taxlaw-2791	596	14	278	278	NUM
taxlaw-2791	596	15	.	.	PUNCT
taxlaw-2791	597	1	the	the	DET
taxlaw-2791	597	2	partnership	partnership	NOUN
taxlaw-2791	597	3	is	be	AUX
taxlaw-2791	597	4	allowed	allow	VERB
taxlaw-2791	597	5	a	a	DET
taxlaw-2791	597	6	deduction	deduction	NOUN
taxlaw-2791	597	7	(	(	PUNCT
taxlaw-2791	597	8	allocated	allocate	VERB
taxlaw-2791	597	9	to	to	ADP
taxlaw-2791	597	10	the	the	DET
taxlaw-2791	597	11	non	non	ADJ
taxlaw-2791	597	12	-	-	ADJ
taxlaw-2791	597	13	service	service	ADJ
taxlaw-2791	597	14	partners	partner	NOUN
taxlaw-2791	597	15	)	)	PUNCT
taxlaw-2791	597	16	equal	equal	ADJ
taxlaw-2791	597	17	to	to	ADP
taxlaw-2791	597	18	the	the	DET
taxlaw-2791	597	19	amount	amount	NOUN
taxlaw-2791	597	20	included	include	VERB
taxlaw-2791	597	21	in	in	ADP
taxlaw-2791	597	22	the	the	DET
taxlaw-2791	597	23	service	service	NOUN
taxlaw-2791	597	24	partner	partner	NOUN
taxlaw-2791	597	25	’s	’s	PART
taxlaw-2791	597	26	income	income	NOUN
taxlaw-2791	597	27	.	.	PUNCT
taxlaw-2791	598	1	see	see	VERB
taxlaw-2791	598	2	treas	treas	PROPN
taxlaw-2791	598	3	.	.	PUNCT
taxlaw-2791	599	1	reg	reg	PROPN
taxlaw-2791	599	2	.	.	PUNCT
taxlaw-2791	600	1	§	§	PROPN
taxlaw-2791	600	2	1.83	1.83	NUM
taxlaw-2791	600	3	-	-	PUNCT
taxlaw-2791	600	4	6(a)(1	6(a)(1	NUM
taxlaw-2791	600	5	)	)	PUNCT
taxlaw-2791	600	6	,	,	PUNCT
taxlaw-2791	600	7	(	(	PUNCT
taxlaw-2791	600	8	a)(4	a)(4	NUM
taxlaw-2791	600	9	)	)	PUNCT
taxlaw-2791	600	10	(	(	PUNCT
taxlaw-2791	600	11	as	as	SCONJ
taxlaw-2791	600	12	amended	amend	VERB
taxlaw-2791	600	13	in	in	ADP
taxlaw-2791	600	14	2003	2003	NUM
taxlaw-2791	600	15	)	)	PUNCT
taxlaw-2791	600	16	(	(	PUNCT
taxlaw-2791	600	17	capitalization	capitalization	NOUN
taxlaw-2791	600	18	requirement	requirement	NOUN
taxlaw-2791	600	19	)	)	PUNCT
taxlaw-2791	600	20	.	.	PUNCT
taxlaw-2791	601	1	103	103	NUM
taxlaw-2791	601	2	.	.	PUNCT
taxlaw-2791	601	3	see	see	VERB
taxlaw-2791	601	4	generally	generally	ADV
taxlaw-2791	601	5	martin	martin	PROPN
taxlaw-2791	601	6	j.	j.	PROPN
taxlaw-2791	601	7	mcmahon	mcmahon	PROPN
taxlaw-2791	601	8	,	,	PUNCT
taxlaw-2791	601	9	recognition	recognition	NOUN
taxlaw-2791	601	10	of	of	ADP
taxlaw-2791	601	11	gain	gain	NOUN
taxlaw-2791	601	12	by	by	ADP
taxlaw-2791	601	13	a	a	DET
taxlaw-2791	601	14	p’ship	p’ship	NOUN
taxlaw-2791	601	15	issuing	issue	VERB
taxlaw-2791	601	16	an	an	DET
taxlaw-2791	601	17	equity	equity	NOUN
taxlaw-2791	601	18	interest	interest	NOUN
taxlaw-2791	601	19	,	,	PUNCT
taxlaw-2791	601	20	109	109	NUM
taxlaw-2791	601	21	tax	tax	NOUN
taxlaw-2791	601	22	notes	note	NOUN
taxlaw-2791	601	23	1161	1161	NUM
taxlaw-2791	601	24	(	(	PUNCT
taxlaw-2791	601	25	2005	2005	NUM
taxlaw-2791	601	26	)	)	PUNCT
taxlaw-2791	601	27	(	(	PUNCT
taxlaw-2791	601	28	arguing	argue	VERB
taxlaw-2791	601	29	that	that	SCONJ
taxlaw-2791	601	30	nonrecognition	nonrecognition	NOUN
taxlaw-2791	601	31	treatment	treatment	NOUN
taxlaw-2791	601	32	is	be	AUX
taxlaw-2791	601	33	inconsistent	inconsistent	ADJ
taxlaw-2791	601	34	with	with	ADP
taxlaw-2791	601	35	the	the	DET
taxlaw-2791	601	36	legislative	legislative	ADJ
taxlaw-2791	601	37	history	history	NOUN
taxlaw-2791	601	38	of	of	ADP
taxlaw-2791	601	39	§	§	PROPN
taxlaw-2791	601	40	721	721	NUM
taxlaw-2791	601	41	)	)	PUNCT
taxlaw-2791	601	42	;	;	PUNCT
taxlaw-2791	602	1	cf	cf	X
taxlaw-2791	602	2	.	.	PUNCT
taxlaw-2791	603	1	douglas	douglas	PROPN
taxlaw-2791	603	2	a.	a.	PROPN
taxlaw-2791	603	3	kahn	kahn	PROPN
taxlaw-2791	603	4	,	,	PUNCT
taxlaw-2791	603	5	the	the	DET
taxlaw-2791	603	6	proper	proper	ADJ
taxlaw-2791	603	7	treatment	treatment	NOUN
taxlaw-2791	603	8	of	of	ADP
taxlaw-2791	603	9	the	the	DET
taxlaw-2791	603	10	transfer	transfer	NOUN
taxlaw-2791	603	11	of	of	ADP
taxlaw-2791	603	12	a	a	DET
taxlaw-2791	603	13	compensatory	compensatory	ADJ
taxlaw-2791	603	14	partnership	partnership	NOUN
taxlaw-2791	603	15	interest	interest	NOUN
taxlaw-2791	603	16	,	,	PUNCT
taxlaw-2791	603	17	62	62	NUM
taxlaw-2791	603	18	tax	tax	NOUN
taxlaw-2791	603	19	law	law	NOUN
taxlaw-2791	603	20	.	.	PUNCT
taxlaw-2791	604	1	1	1	NUM
taxlaw-2791	604	2	,	,	PUNCT
taxlaw-2791	604	3	51–56	51–56	NUM
taxlaw-2791	604	4	(	(	PUNCT
taxlaw-2791	604	5	2009	2009	NUM
taxlaw-2791	604	6	)	)	PUNCT
taxlaw-2791	604	7	(	(	PUNCT
taxlaw-2791	604	8	criticizing	criticize	VERB
taxlaw-2791	604	9	mcmahon	mcmahon	PROPN
taxlaw-2791	604	10	’s	’s	PART
taxlaw-2791	604	11	view	view	NOUN
taxlaw-2791	604	12	)	)	PUNCT
taxlaw-2791	604	13	.	.	PUNCT
taxlaw-2791	605	1	104	104	X
taxlaw-2791	605	2	.	.	PUNCT
taxlaw-2791	606	1	see	see	VERB
taxlaw-2791	606	2	monte	monte	PROPN
taxlaw-2791	606	3	a.	a.	PROPN
taxlaw-2791	606	4	jackel	jackel	PROPN
taxlaw-2791	606	5	&	&	CCONJ
taxlaw-2791	606	6	robert	robert	PROPN
taxlaw-2791	606	7	j.	j.	PROPN
taxlaw-2791	606	8	crnkovich	crnkovich	PROPN
taxlaw-2791	606	9	,	,	PUNCT
taxlaw-2791	606	10	partnership	partnership	NOUN
taxlaw-2791	606	11	deferred	defer	VERB
taxlaw-2791	606	12	compensation	compensation	NOUN
taxlaw-2791	606	13	and	and	CCONJ
taxlaw-2791	606	14	carried	carry	VERB
taxlaw-2791	606	15	interests	interest	NOUN
taxlaw-2791	606	16	,	,	PUNCT
taxlaw-2791	606	17	123	123	NUM
taxlaw-2791	606	18	tax	tax	NOUN
taxlaw-2791	606	19	notes	note	NOUN
taxlaw-2791	606	20	351	351	NUM
taxlaw-2791	606	21	,	,	PUNCT
taxlaw-2791	606	22	353	353	NUM
taxlaw-2791	606	23	(	(	PUNCT
taxlaw-2791	606	24	2009	2009	NUM
taxlaw-2791	606	25	)	)	PUNCT
taxlaw-2791	606	26	.	.	PUNCT
taxlaw-2791	607	1	a	a	DET
taxlaw-2791	607	2	prior	prior	ADJ
taxlaw-2791	607	3	version	version	NOUN
taxlaw-2791	607	4	of	of	ADP
taxlaw-2791	607	5	prop	prop	NOUN
taxlaw-2791	607	6	.	.	PUNCT
taxlaw-2791	608	1	§	§	PROPN
taxlaw-2791	608	2	710	710	NUM
taxlaw-2791	608	3	required	require	VERB
taxlaw-2791	608	4	partnership	partnership	NOUN
taxlaw-2791	608	5	-	-	PUNCT
taxlaw-2791	608	6	level	level	NOUN
taxlaw-2791	608	7	gain	gain	NOUN
taxlaw-2791	608	8	recognition	recognition	NOUN
taxlaw-2791	608	9	on	on	ADP
taxlaw-2791	608	10	a	a	DET
taxlaw-2791	608	11	distribution	distribution	NOUN
taxlaw-2791	608	12	of	of	ADP
taxlaw-2791	608	13	appreciated	appreciated	ADJ
taxlaw-2791	608	14	property	property	NOUN
taxlaw-2791	608	15	to	to	ADP
taxlaw-2791	608	16	a	a	DET
taxlaw-2791	608	17	service	service	NOUN
taxlaw-2791	608	18	partner	partner	NOUN
taxlaw-2791	608	19	,	,	PUNCT
taxlaw-2791	608	20	but	but	CCONJ
taxlaw-2791	608	21	the	the	DET
taxlaw-2791	608	22	provision	provision	NOUN
taxlaw-2791	608	23	was	be	AUX
taxlaw-2791	608	24	revised	revise	VERB
taxlaw-2791	608	25	to	to	PART
taxlaw-2791	608	26	limit	limit	VERB
taxlaw-2791	608	27	gain	gain	VERB
taxlaw-2791	608	28	recognition	recognition	NOUN
taxlaw-2791	608	29	solely	solely	ADV
taxlaw-2791	608	30	to	to	ADP
taxlaw-2791	608	31	the	the	DET
taxlaw-2791	608	32	service	service	NOUN
taxlaw-2791	608	33	partner	partner	NOUN
taxlaw-2791	608	34	.	.	PUNCT
taxlaw-2791	609	1	see	see	VERB
taxlaw-2791	609	2	carol	carol	PROPN
taxlaw-2791	609	3	kulish	kulish	PROPN
taxlaw-2791	609	4	harvey	harvey	PROPN
taxlaw-2791	609	5	&	&	CCONJ
taxlaw-2791	609	6	eric	eric	PROPN
taxlaw-2791	609	7	lee	lee	PROPN
taxlaw-2791	609	8	,	,	PUNCT
taxlaw-2791	609	9	a	a	DET
taxlaw-2791	609	10	technical	technical	ADJ
taxlaw-2791	609	11	walk	walk	NOUN
taxlaw-2791	609	12	through	through	ADP
taxlaw-2791	609	13	the	the	DET
taxlaw-2791	609	14	carried	carry	VERB
taxlaw-2791	609	15	interest	interest	NOUN
taxlaw-2791	609	16	provisions	provision	NOUN
taxlaw-2791	609	17	contained	contain	VERB
taxlaw-2791	609	18	in	in	ADP
taxlaw-2791	609	19	chairman	chairman	PROPN
taxlaw-2791	609	20	rangel	rangel	PROPN
taxlaw-2791	609	21	’s	’s	PART
taxlaw-2791	609	22	tax	tax	NOUN
taxlaw-2791	609	23	reform	reform	NOUN
taxlaw-2791	609	24	proposal	proposal	NOUN
taxlaw-2791	609	25	,	,	PUNCT
taxlaw-2791	609	26	86	86	NUM
taxlaw-2791	609	27	taxes	taxis	NOUN
taxlaw-2791	609	28	77	77	NUM
taxlaw-2791	609	29	,	,	PUNCT
taxlaw-2791	609	30	93	93	NUM
taxlaw-2791	609	31	(	(	PUNCT
taxlaw-2791	609	32	2008	2008	NUM
taxlaw-2791	609	33	)	)	PUNCT
taxlaw-2791	609	34	(	(	PUNCT
taxlaw-2791	609	35	discussing	discuss	VERB
taxlaw-2791	609	36	former	former	ADJ
taxlaw-2791	609	37	version	version	NOUN
taxlaw-2791	609	38	of	of	ADP
taxlaw-2791	609	39	prop	prop	NOUN
taxlaw-2791	609	40	.	.	PUNCT
taxlaw-2791	610	1	§	§	PROPN
taxlaw-2791	610	2	710(b)(4	710(b)(4	PROPN
taxlaw-2791	610	3	)	)	PUNCT
taxlaw-2791	610	4	)	)	PUNCT
taxlaw-2791	611	1	;	;	PUNCT
taxlaw-2791	611	2	nysba	nysba	NOUN
taxlaw-2791	611	3	report	report	NOUN
taxlaw-2791	611	4	,	,	PUNCT
taxlaw-2791	611	5	supra	supra	PROPN
taxlaw-2791	611	6	note	note	PROPN
taxlaw-2791	611	7	11	11	NUM
taxlaw-2791	611	8	,	,	PUNCT
taxlaw-2791	611	9	at	at	ADP
taxlaw-2791	611	10	31–32	31–32	NUM
taxlaw-2791	611	11	.	.	PUNCT
taxlaw-2791	612	1	as	as	SCONJ
taxlaw-2791	612	2	the	the	DET
taxlaw-2791	612	3	partnership	partnership	NOUN
taxlaw-2791	612	4	tax	tax	NOUN
taxlaw-2791	612	5	bar	bar	NOUN
taxlaw-2791	612	6	clearly	clearly	ADV
taxlaw-2791	612	7	perceived	perceive	VERB
taxlaw-2791	612	8	,	,	PUNCT
taxlaw-2791	612	9	partnership	partnership	NOUN
taxlaw-2791	612	10	-	-	PUNCT
taxlaw-2791	612	11	level	level	NOUN
taxlaw-2791	612	12	gain	gain	NOUN
taxlaw-2791	612	13	recognition	recognition	NOUN
taxlaw-2791	612	14	under	under	ADP
taxlaw-2791	612	15	prop	prop	NOUN
taxlaw-2791	612	16	.	.	PUNCT
taxlaw-2791	613	1	§	§	PROPN
taxlaw-2791	613	2	710	710	NUM
taxlaw-2791	613	3	would	would	AUX
taxlaw-2791	613	4	have	have	AUX
taxlaw-2791	613	5	been	be	AUX
taxlaw-2791	613	6	inconsistent	inconsistent	ADJ
taxlaw-2791	613	7	with	with	ADP
taxlaw-2791	613	8	the	the	DET
taxlaw-2791	613	9	proposed	propose	VERB
taxlaw-2791	613	10	2005	2005	NUM
taxlaw-2791	613	11	regulations	regulation	NOUN
taxlaw-2791	613	12	which	which	PRON
taxlaw-2791	613	13	defer	defer	VERB
taxlaw-2791	613	14	the	the	DET
taxlaw-2791	613	15	historic	historic	ADJ
taxlaw-2791	613	16	partners	partner	NOUN
taxlaw-2791	613	17	’	'	PUNCT
taxlaw-2791	613	18	gain	gain	VERB
taxlaw-2791	613	19	recognition	recognition	NOUN
taxlaw-2791	613	20	on	on	ADP
taxlaw-2791	613	21	transfer	transfer	NOUN
taxlaw-2791	613	22	of	of	ADP
taxlaw-2791	613	23	a	a	DET
taxlaw-2791	613	24	capital	capital	NOUN
taxlaw-2791	613	25	interest	interest	NOUN
taxlaw-2791	613	26	for	for	ADP
taxlaw-2791	613	27	services	service	NOUN
taxlaw-2791	613	28	.	.	PUNCT
taxlaw-2791	614	1	2010	2010	NUM
taxlaw-2791	614	2	]	]	PUNCT
taxlaw-2791	614	3	the	the	DET
taxlaw-2791	614	4	sou	sou	PROPN
taxlaw-2791	614	5	�	�	PROPN
taxlaw-2791	614	6	d	d	PROPN
taxlaw-2791	614	7	a	a	DET
taxlaw-2791	614	8	�	�	PROPN
taxlaw-2791	614	9	d	d	NOUN
taxlaw-2791	614	10	fury	fury	NOUN
taxlaw-2791	614	11	of	of	ADP
taxlaw-2791	614	12	carried	carry	VERB
taxlaw-2791	614	13	i	i	PRON
taxlaw-2791	614	14	�	�	VERB
taxlaw-2791	614	15	terest	ter	ADJ
taxlaw-2791	614	16	reform	reform	NOUN
taxlaw-2791	614	17	27	27	NUM
taxlaw-2791	614	18	likely	likely	ADJ
taxlaw-2791	614	19	that	that	SCONJ
taxlaw-2791	614	20	the	the	DET
taxlaw-2791	614	21	partnership	partnership	NOUN
taxlaw-2791	614	22	tax	tax	NOUN
taxlaw-2791	614	23	bar	bar	NOUN
taxlaw-2791	614	24	may	may	AUX
taxlaw-2791	614	25	seek	seek	VERB
taxlaw-2791	614	26	the	the	DET
taxlaw-2791	614	27	opportunity	opportunity	NOUN
taxlaw-2791	614	28	to	to	PART
taxlaw-2791	614	29	obtain	obtain	VERB
taxlaw-2791	614	30	a	a	DET
taxlaw-2791	614	31	statutory	statutory	ADJ
taxlaw-2791	614	32	override	override	NOUN
taxlaw-2791	614	33	to	to	ADP
taxlaw-2791	614	34	the	the	DET
taxlaw-2791	614	35	gain	gain	NOUN
taxlaw-2791	614	36	recognition	recognition	NOUN
taxlaw-2791	614	37	rule	rule	NOUN
taxlaw-2791	614	38	.	.	PUNCT
taxlaw-2791	615	1	if	if	SCONJ
taxlaw-2791	615	2	so	so	ADV
taxlaw-2791	615	3	,	,	PUNCT
taxlaw-2791	615	4	§	§	PROPN
taxlaw-2791	615	5	710	710	NUM
taxlaw-2791	615	6	may	may	AUX
taxlaw-2791	615	7	become	become	VERB
taxlaw-2791	615	8	the	the	DET
taxlaw-2791	615	9	excuse	excuse	NOUN
taxlaw-2791	615	10	for	for	ADP
taxlaw-2791	615	11	achieving	achieve	VERB
taxlaw-2791	615	12	yet	yet	ADV
taxlaw-2791	615	13	another	another	DET
taxlaw-2791	615	14	longstanding	longstanding	ADJ
taxlaw-2791	615	15	goal	goal	NOUN
taxlaw-2791	615	16	of	of	ADP
taxlaw-2791	615	17	the	the	DET
taxlaw-2791	615	18	partnership	partnership	NOUN
taxlaw-2791	615	19	tax	tax	NOUN
taxlaw-2791	615	20	bar	bar	NOUN
taxlaw-2791	615	21	—	—	PUNCT
taxlaw-2791	615	22	namely	namely	ADV
taxlaw-2791	615	23	,	,	PUNCT
taxlaw-2791	615	24	to	to	PART
taxlaw-2791	615	25	create	create	VERB
taxlaw-2791	615	26	a	a	DET
taxlaw-2791	615	27	special	special	ADJ
taxlaw-2791	615	28	nonrecognition	nonrecognition	NOUN
taxlaw-2791	615	29	rule	rule	NOUN
taxlaw-2791	615	30	for	for	ADP
taxlaw-2791	615	31	partnerships	partnership	NOUN
taxlaw-2791	615	32	when	when	SCONJ
taxlaw-2791	615	33	property	property	NOUN
taxlaw-2791	615	34	is	be	AUX
taxlaw-2791	615	35	transferred	transfer	VERB
taxlaw-2791	615	36	in	in	ADP
taxlaw-2791	615	37	exchange	exchange	NOUN
taxlaw-2791	615	38	for	for	ADP
taxlaw-2791	615	39	services	service	NOUN
taxlaw-2791	615	40	.	.	PUNCT
taxlaw-2791	616	1	in	in	ADP
taxlaw-2791	616	2	response	response	NOUN
taxlaw-2791	616	3	to	to	ADP
taxlaw-2791	616	4	comments	comment	NOUN
taxlaw-2791	616	5	from	from	ADP
taxlaw-2791	616	6	the	the	DET
taxlaw-2791	616	7	partnership	partnership	NOUN
taxlaw-2791	616	8	tax	tax	NOUN
taxlaw-2791	616	9	bar	bar	NOUN
taxlaw-2791	616	10	,	,	PUNCT
taxlaw-2791	616	11	the	the	DET
taxlaw-2791	616	12	carried	carry	VERB
taxlaw-2791	616	13	interest	interest	NOUN
taxlaw-2791	616	14	bill	bill	NOUN
taxlaw-2791	616	15	would	would	AUX
taxlaw-2791	616	16	significantly	significantly	ADV
taxlaw-2791	616	17	amend	amend	VERB
taxlaw-2791	616	18	§	§	PROPN
taxlaw-2791	616	19	83.105	83.105	NUM
taxlaw-2791	616	20	the	the	DET
taxlaw-2791	616	21	revision	revision	NOUN
taxlaw-2791	616	22	to	to	ADP
taxlaw-2791	616	23	§	§	PROPN
taxlaw-2791	616	24	83	83	NUM
taxlaw-2791	616	25	is	be	AUX
taxlaw-2791	616	26	very	very	ADV
taxlaw-2791	616	27	brief	brief	ADJ
taxlaw-2791	616	28	and	and	CCONJ
taxlaw-2791	616	29	essentially	essentially	ADV
taxlaw-2791	616	30	adds	add	VERB
taxlaw-2791	616	31	two	two	NUM
taxlaw-2791	616	32	special	special	ADJ
taxlaw-2791	616	33	rules	rule	NOUN
taxlaw-2791	616	34	for	for	ADP
taxlaw-2791	616	35	partnership	partnership	NOUN
taxlaw-2791	616	36	interests	interest	NOUN
taxlaw-2791	616	37	distinct	distinct	ADJ
taxlaw-2791	616	38	from	from	ADP
taxlaw-2791	616	39	all	all	DET
taxlaw-2791	616	40	other	other	ADJ
taxlaw-2791	616	41	types	type	NOUN
taxlaw-2791	616	42	of	of	ADP
taxlaw-2791	616	43	property	property	NOUN
taxlaw-2791	616	44	subject	subject	NOUN
taxlaw-2791	616	45	to	to	ADP
taxlaw-2791	616	46	§	§	PROPN
taxlaw-2791	616	47	83	83	NUM
taxlaw-2791	616	48	.	.	PUNCT
taxlaw-2791	617	1	first	first	ADV
taxlaw-2791	617	2	,	,	PUNCT
taxlaw-2791	617	3	except	except	SCONJ
taxlaw-2791	617	4	as	as	SCONJ
taxlaw-2791	617	5	provided	provide	VERB
taxlaw-2791	617	6	by	by	ADP
taxlaw-2791	617	7	regulations	regulation	NOUN
taxlaw-2791	617	8	,	,	PUNCT
taxlaw-2791	617	9	the	the	DET
taxlaw-2791	617	10	fair	fair	ADJ
taxlaw-2791	617	11	market	market	NOUN
taxlaw-2791	617	12	value	value	NOUN
taxlaw-2791	617	13	of	of	ADP
taxlaw-2791	617	14	a	a	DET
taxlaw-2791	617	15	partnership	partnership	NOUN
taxlaw-2791	617	16	interest	interest	NOUN
taxlaw-2791	617	17	issued	issue	VERB
taxlaw-2791	617	18	for	for	ADP
taxlaw-2791	617	19	services	service	NOUN
taxlaw-2791	617	20	(	(	PUNCT
taxlaw-2791	617	21	whether	whether	SCONJ
taxlaw-2791	617	22	a	a	DET
taxlaw-2791	617	23	capital	capital	NOUN
taxlaw-2791	617	24	or	or	CCONJ
taxlaw-2791	617	25	profits	profit	NOUN
taxlaw-2791	617	26	interest	interest	NOUN
taxlaw-2791	617	27	)	)	PUNCT
taxlaw-2791	617	28	would	would	AUX
taxlaw-2791	617	29	be	be	AUX
taxlaw-2791	617	30	treated	treat	VERB
taxlaw-2791	617	31	as	as	ADV
taxlaw-2791	617	32	equal	equal	ADJ
taxlaw-2791	617	33	to	to	ADP
taxlaw-2791	617	34	the	the	DET
taxlaw-2791	617	35	liquidation	liquidation	NOUN
taxlaw-2791	617	36	value	value	NOUN
taxlaw-2791	617	37	of	of	ADP
taxlaw-2791	617	38	the	the	DET
taxlaw-2791	617	39	interest	interest	NOUN
taxlaw-2791	617	40	(	(	PUNCT
taxlaw-2791	617	41	as	as	SCONJ
taxlaw-2791	617	42	determined	determine	VERB
taxlaw-2791	617	43	under	under	ADP
taxlaw-2791	617	44	a	a	DET
taxlaw-2791	617	45	hypothetical	hypothetical	ADJ
taxlaw-2791	617	46	sale	sale	NOUN
taxlaw-2791	617	47	at	at	ADP
taxlaw-2791	617	48	the	the	DET
taxlaw-2791	617	49	time	time	NOUN
taxlaw-2791	617	50	of	of	ADP
taxlaw-2791	617	51	grant	grant	NOUN
taxlaw-2791	617	52	)	)	PUNCT
taxlaw-2791	617	53	.	.	PUNCT
taxlaw-2791	618	1	second	second	ADJ
taxlaw-2791	618	2	,	,	PUNCT
taxlaw-2791	618	3	the	the	DET
taxlaw-2791	618	4	recipient	recipient	NOUN
taxlaw-2791	618	5	of	of	ADP
taxlaw-2791	618	6	the	the	DET
taxlaw-2791	618	7	interest	interest	NOUN
taxlaw-2791	618	8	would	would	AUX
taxlaw-2791	618	9	be	be	AUX
taxlaw-2791	618	10	deemed	deem	VERB
taxlaw-2791	618	11	to	to	PART
taxlaw-2791	618	12	make	make	VERB
taxlaw-2791	618	13	a	a	DET
taxlaw-2791	618	14	section	section	NOUN
taxlaw-2791	618	15	83(b	83(b	NUM
taxlaw-2791	618	16	)	)	PUNCT
taxlaw-2791	618	17	election	election	NOUN
taxlaw-2791	618	18	unless	unless	SCONJ
taxlaw-2791	618	19	the	the	DET
taxlaw-2791	618	20	recipient	recipient	NOUN
taxlaw-2791	618	21	specifically	specifically	ADV
taxlaw-2791	618	22	elected	elect	VERB
taxlaw-2791	618	23	not	not	PART
taxlaw-2791	618	24	to	to	PART
taxlaw-2791	618	25	have	have	VERB
taxlaw-2791	618	26	section	section	NOUN
taxlaw-2791	618	27	83(b	83(b	NUM
taxlaw-2791	618	28	)	)	PUNCT
taxlaw-2791	618	29	apply	apply	VERB
taxlaw-2791	618	30	.	.	PUNCT
taxlaw-2791	619	1	the	the	DET
taxlaw-2791	619	2	net	net	ADJ
taxlaw-2791	619	3	effect	effect	NOUN
taxlaw-2791	619	4	of	of	ADP
taxlaw-2791	619	5	these	these	DET
taxlaw-2791	619	6	changes	change	NOUN
taxlaw-2791	619	7	is	be	AUX
taxlaw-2791	619	8	that	that	SCONJ
taxlaw-2791	619	9	the	the	DET
taxlaw-2791	619	10	recipient	recipient	NOUN
taxlaw-2791	619	11	of	of	ADP
taxlaw-2791	619	12	a	a	DET
taxlaw-2791	619	13	nonvested	nonveste	VERB
taxlaw-2791	619	14	profits	profit	NOUN
taxlaw-2791	619	15	interest	interest	NOUN
taxlaw-2791	619	16	would	would	AUX
taxlaw-2791	619	17	obtain	obtain	VERB
taxlaw-2791	619	18	all	all	PRON
taxlaw-2791	619	19	of	of	ADP
taxlaw-2791	619	20	the	the	DET
taxlaw-2791	619	21	benefits	benefit	NOUN
taxlaw-2791	619	22	of	of	ADP
taxlaw-2791	619	23	partner	partner	NOUN
taxlaw-2791	619	24	status	status	NOUN
taxlaw-2791	619	25	at	at	ADP
taxlaw-2791	619	26	no	no	DET
taxlaw-2791	619	27	tax	tax	NOUN
taxlaw-2791	619	28	cost	cost	NOUN
taxlaw-2791	619	29	,	,	PUNCT
taxlaw-2791	619	30	without	without	ADP
taxlaw-2791	619	31	even	even	ADV
taxlaw-2791	619	32	bothering	bother	VERB
taxlaw-2791	619	33	to	to	PART
taxlaw-2791	619	34	make	make	VERB
taxlaw-2791	619	35	a	a	DET
taxlaw-2791	619	36	§	§	ADJ
taxlaw-2791	619	37	83(b	83(b	NUM
taxlaw-2791	619	38	)	)	PUNCT
taxlaw-2791	619	39	election	election	NOUN
taxlaw-2791	619	40	.	.	PUNCT
taxlaw-2791	620	1	such	such	ADJ
taxlaw-2791	620	2	largesse	largesse	NOUN
taxlaw-2791	620	3	would	would	AUX
taxlaw-2791	620	4	no	no	ADV
taxlaw-2791	620	5	longer	long	ADV
taxlaw-2791	620	6	depend	depend	VERB
taxlaw-2791	620	7	on	on	ADP
taxlaw-2791	620	8	dubious	dubious	ADJ
taxlaw-2791	620	9	administrative	administrative	ADJ
taxlaw-2791	620	10	guidance	guidance	NOUN
taxlaw-2791	620	11	but	but	CCONJ
taxlaw-2791	620	12	would	would	AUX
taxlaw-2791	620	13	instead	instead	ADV
taxlaw-2791	620	14	be	be	AUX
taxlaw-2791	620	15	codified	codify	VERB
taxlaw-2791	620	16	as	as	ADP
taxlaw-2791	620	17	an	an	DET
taxlaw-2791	620	18	amendment	amendment	NOUN
taxlaw-2791	620	19	to	to	ADP
taxlaw-2791	620	20	§	§	PROPN
taxlaw-2791	620	21	83	83	NUM
taxlaw-2791	620	22	.	.	PUNCT
taxlaw-2791	621	1	since	since	SCONJ
taxlaw-2791	621	2	a	a	DET
taxlaw-2791	621	3	compensatory	compensatory	ADJ
taxlaw-2791	621	4	partnership	partnership	NOUN
taxlaw-2791	621	5	interest	interest	NOUN
taxlaw-2791	621	6	is	be	AUX
taxlaw-2791	621	7	nearly	nearly	ADV
taxlaw-2791	621	8	always	always	ADV
taxlaw-2791	621	9	structured	structure	VERB
taxlaw-2791	621	10	as	as	ADP
taxlaw-2791	621	11	a	a	DET
taxlaw-2791	621	12	profits	profit	NOUN
taxlaw-2791	621	13	interest	interest	NOUN
taxlaw-2791	621	14	(	(	PUNCT
taxlaw-2791	621	15	rather	rather	ADV
taxlaw-2791	621	16	than	than	ADP
taxlaw-2791	621	17	a	a	DET
taxlaw-2791	621	18	capital	capital	NOUN
taxlaw-2791	621	19	interest	interest	NOUN
taxlaw-2791	621	20	)	)	PUNCT
taxlaw-2791	621	21	,	,	PUNCT
taxlaw-2791	621	22	the	the	DET
taxlaw-2791	621	23	deemed	deem	VERB
taxlaw-2791	621	24	§	§	PROPN
taxlaw-2791	621	25	83(b	83(b	NUM
taxlaw-2791	621	26	)	)	PUNCT
taxlaw-2791	621	27	election	election	NOUN
taxlaw-2791	621	28	achieves	achieve	VERB
taxlaw-2791	621	29	a	a	DET
taxlaw-2791	621	30	taxpayer	taxpayer	NOUN
taxlaw-2791	621	31	-	-	PUNCT
taxlaw-2791	621	32	favorable	favorable	ADJ
taxlaw-2791	621	33	result	result	NOUN
taxlaw-2791	621	34	(	(	PUNCT
taxlaw-2791	621	35	zero	zero	NUM
taxlaw-2791	621	36	value	value	NOUN
taxlaw-2791	621	37	)	)	PUNCT
taxlaw-2791	621	38	,	,	PUNCT
taxlaw-2791	621	39	subject	subject	ADJ
taxlaw-2791	621	40	to	to	ADP
taxlaw-2791	621	41	an	an	DET
taxlaw-2791	621	42	election	election	NOUN
taxlaw-2791	621	43	out.106	out.106	NOUN
taxlaw-2791	621	44	in	in	ADP
taxlaw-2791	621	45	the	the	DET
taxlaw-2791	621	46	unlikely	unlikely	ADJ
taxlaw-2791	621	47	event	event	NOUN
taxlaw-2791	621	48	that	that	SCONJ
taxlaw-2791	621	49	the	the	DET
taxlaw-2791	621	50	service	service	NOUN
taxlaw-2791	621	51	partner	partner	NOUN
taxlaw-2791	621	52	receives	receive	VERB
taxlaw-2791	621	53	a	a	DET
taxlaw-2791	621	54	capital	capital	NOUN
taxlaw-2791	621	55	interest	interest	NOUN
taxlaw-2791	621	56	,	,	PUNCT
taxlaw-2791	621	57	the	the	DET
taxlaw-2791	621	58	liquidation	liquidation	NOUN
taxlaw-2791	621	59	-	-	PUNCT
taxlaw-2791	621	60	value	value	NOUN
taxlaw-2791	621	61	rule	rule	NOUN
taxlaw-2791	621	62	prevents	prevent	VERB
taxlaw-2791	621	63	“	"	PUNCT
taxlaw-2791	621	64	whipsawing	whipsawing	NOUN
taxlaw-2791	621	65	”	"	PUNCT
taxlaw-2791	621	66	of	of	ADP
taxlaw-2791	621	67	the	the	DET
taxlaw-2791	621	68	government	government	NOUN
taxlaw-2791	621	69	:	:	PUNCT
taxlaw-2791	621	70	the	the	DET
taxlaw-2791	621	71	recipient	recipient	NOUN
taxlaw-2791	621	72	could	could	AUX
taxlaw-2791	621	73	not	not	PART
taxlaw-2791	621	74	claim	claim	VERB
taxlaw-2791	621	75	a	a	DET
taxlaw-2791	621	76	lower	low	ADJ
taxlaw-2791	621	77	discounted	discount	VERB
taxlaw-2791	621	78	value	value	NOUN
taxlaw-2791	621	79	based	base	VERB
taxlaw-2791	621	80	on	on	ADP
taxlaw-2791	621	81	fair	fair	ADJ
taxlaw-2791	621	82	market	market	NOUN
taxlaw-2791	621	83	value	value	NOUN
taxlaw-2791	621	84	,	,	PUNCT
taxlaw-2791	621	85	while	while	SCONJ
taxlaw-2791	621	86	non	non	ADJ
taxlaw-2791	621	87	-	-	ADJ
taxlaw-2791	621	88	service	service	ADJ
taxlaw-2791	621	89	partners	partner	NOUN
taxlaw-2791	621	90	claimed	claim	VERB
taxlaw-2791	621	91	a	a	DET
taxlaw-2791	621	92	deduction	deduction	NOUN
taxlaw-2791	621	93	(	(	PUNCT
taxlaw-2791	621	94	or	or	CCONJ
taxlaw-2791	621	95	capitalized	capitalize	VERB
taxlaw-2791	621	96	expense	expense	NOUN
taxlaw-2791	621	97	)	)	PUNCT
taxlaw-2791	621	98	based	base	VERB
taxlaw-2791	621	99	on	on	ADP
taxlaw-2791	621	100	the	the	DET
taxlaw-2791	621	101	higher	high	ADJ
taxlaw-2791	621	102	liquidation	liquidation	NOUN
taxlaw-2791	621	103	value.107	value.107	ADP
taxlaw-2791	621	104	the	the	DET
taxlaw-2791	621	105	proposed	propose	VERB
taxlaw-2791	621	106	rules	rule	NOUN
taxlaw-2791	621	107	are	be	AUX
taxlaw-2791	621	108	extraordinarily	extraordinarily	ADV
taxlaw-2791	621	109	favorable	favorable	ADJ
taxlaw-2791	621	110	to	to	ADP
taxlaw-2791	621	111	taxpayers	taxpayer	NOUN
taxlaw-2791	621	112	who	who	PRON
taxlaw-2791	621	113	would	would	AUX
taxlaw-2791	621	114	nearly	nearly	ADV
taxlaw-2791	621	115	always	always	ADV
taxlaw-2791	621	116	prefer	prefer	VERB
taxlaw-2791	621	117	to	to	PART
taxlaw-2791	621	118	structure	structure	VERB
taxlaw-2791	621	119	compensation	compensation	NOUN
taxlaw-2791	621	120	as	as	ADP
taxlaw-2791	621	121	a	a	DET
taxlaw-2791	621	122	nontaxable	nontaxable	ADJ
taxlaw-2791	621	123	profits	profit	NOUN
taxlaw-2791	621	124	interest	interest	NOUN
taxlaw-2791	621	125	rather	rather	ADV
taxlaw-2791	621	126	than	than	ADP
taxlaw-2791	621	127	a	a	DET
taxlaw-2791	621	128	taxable	taxable	ADJ
taxlaw-2791	621	129	capital	capital	NOUN
taxlaw-2791	621	130	interest	interest	NOUN
taxlaw-2791	621	131	.	.	PUNCT
taxlaw-2791	622	1	indeed	indeed	ADV
taxlaw-2791	622	2	,	,	PUNCT
taxlaw-2791	622	3	if	if	SCONJ
taxlaw-2791	622	4	there	there	PRON
taxlaw-2791	622	5	were	be	VERB
taxlaw-2791	622	6	any	any	DET
taxlaw-2791	622	7	serious	serious	ADJ
taxlaw-2791	622	8	likelihood	likelihood	NOUN
taxlaw-2791	622	9	that	that	SCONJ
taxlaw-2791	622	10	a	a	DET
taxlaw-2791	622	11	compensatory	compensatory	ADJ
taxlaw-2791	622	12	interest	interest	NOUN
taxlaw-2791	622	13	would	would	AUX
taxlaw-2791	622	14	be	be	AUX
taxlaw-2791	622	15	structured	structure	VERB
taxlaw-2791	622	16	as	as	ADP
taxlaw-2791	622	17	a	a	DET
taxlaw-2791	622	18	capital	capital	NOUN
taxlaw-2791	622	19	interest	interest	NOUN
taxlaw-2791	622	20	,	,	PUNCT
taxlaw-2791	622	21	the	the	DET
taxlaw-2791	622	22	105	105	NUM
taxlaw-2791	622	23	.	.	PUNCT
taxlaw-2791	622	24	proposed	propose	VERB
taxlaw-2791	622	25	§	§	PROPN
taxlaw-2791	622	26	83(a)(4)(a	83(a)(4)(a	PROPN
taxlaw-2791	622	27	)	)	PUNCT
taxlaw-2791	622	28	and	and	CCONJ
taxlaw-2791	622	29	(	(	PUNCT
taxlaw-2791	622	30	b	b	NOUN
taxlaw-2791	622	31	)	)	PUNCT
taxlaw-2791	622	32	contained	contain	VERB
taxlaw-2791	622	33	in	in	ADP
taxlaw-2791	622	34	section	section	NOUN
taxlaw-2791	622	35	1	1	NUM
taxlaw-2791	622	36	of	of	ADP
taxlaw-2791	622	37	the	the	DET
taxlaw-2791	622	38	levin	levin	PROPN
taxlaw-2791	622	39	bill	bill	PROPN
taxlaw-2791	622	40	,	,	PUNCT
taxlaw-2791	622	41	supra	supra	PROPN
taxlaw-2791	622	42	note	note	NOUN
taxlaw-2791	622	43	1	1	X
taxlaw-2791	622	44	.	.	PUNCT
taxlaw-2791	623	1	see	see	VERB
taxlaw-2791	623	2	nysba	nysba	PROPN
taxlaw-2791	623	3	report	report	NOUN
taxlaw-2791	623	4	,	,	PUNCT
taxlaw-2791	623	5	supra	supra	PROPN
taxlaw-2791	623	6	note	note	PROPN
taxlaw-2791	623	7	11	11	NUM
taxlaw-2791	623	8	,	,	PUNCT
taxlaw-2791	623	9	at	at	ADP
taxlaw-2791	623	10	8	8	NUM
taxlaw-2791	623	11	(	(	PUNCT
taxlaw-2791	623	12	recommending	recommend	VERB
taxlaw-2791	623	13	amendment	amendment	NOUN
taxlaw-2791	623	14	of	of	ADP
taxlaw-2791	623	15	§	§	PROPN
taxlaw-2791	623	16	83	83	NUM
taxlaw-2791	623	17	to	to	PART
taxlaw-2791	623	18	permit	permit	VERB
taxlaw-2791	623	19	or	or	CCONJ
taxlaw-2791	623	20	require	require	VERB
taxlaw-2791	623	21	use	use	NOUN
taxlaw-2791	623	22	of	of	ADP
taxlaw-2791	623	23	liquidation	liquidation	NOUN
taxlaw-2791	623	24	value	value	NOUN
taxlaw-2791	623	25	)	)	PUNCT
taxlaw-2791	623	26	.	.	PUNCT
taxlaw-2791	624	1	106	106	NUM
taxlaw-2791	624	2	.	.	PUNCT
taxlaw-2791	625	1	in	in	ADP
taxlaw-2791	625	2	effect	effect	NOUN
taxlaw-2791	625	3	,	,	PUNCT
taxlaw-2791	625	4	the	the	DET
taxlaw-2791	625	5	deemed	deem	VERB
taxlaw-2791	625	6	election	election	NOUN
taxlaw-2791	625	7	would	would	AUX
taxlaw-2791	625	8	free	free	VERB
taxlaw-2791	625	9	service	service	NOUN
taxlaw-2791	625	10	partners	partner	NOUN
taxlaw-2791	625	11	and	and	CCONJ
taxlaw-2791	625	12	non	non	ADJ
taxlaw-2791	625	13	-	-	ADJ
taxlaw-2791	625	14	service	service	ADJ
taxlaw-2791	625	15	partners	partner	NOUN
taxlaw-2791	625	16	from	from	ADP
taxlaw-2791	625	17	the	the	DET
taxlaw-2791	625	18	burden	burden	NOUN
taxlaw-2791	625	19	of	of	ADP
taxlaw-2791	625	20	making	make	VERB
taxlaw-2791	625	21	two	two	NUM
taxlaw-2791	625	22	elections	election	NOUN
taxlaw-2791	625	23	:	:	PUNCT
taxlaw-2791	625	24	a	a	DET
taxlaw-2791	625	25	liquidation	liquidation	NOUN
taxlaw-2791	625	26	-	-	PUNCT
taxlaw-2791	625	27	value	value	NOUN
taxlaw-2791	625	28	election	election	NOUN
taxlaw-2791	625	29	and	and	CCONJ
taxlaw-2791	625	30	a	a	DET
taxlaw-2791	625	31	§	§	PROPN
taxlaw-2791	625	32	83(b	83(b	NUM
taxlaw-2791	625	33	)	)	PUNCT
taxlaw-2791	625	34	election	election	NOUN
taxlaw-2791	625	35	.	.	PUNCT
taxlaw-2791	626	1	see	see	VERB
taxlaw-2791	626	2	nysba	nysba	PROPN
taxlaw-2791	626	3	report	report	NOUN
taxlaw-2791	626	4	,	,	PUNCT
taxlaw-2791	626	5	supra	supra	PROPN
taxlaw-2791	626	6	note	note	PROPN
taxlaw-2791	626	7	11	11	NUM
taxlaw-2791	626	8	,	,	PUNCT
taxlaw-2791	626	9	at	at	ADP
taxlaw-2791	626	10	27–28	27–28	PROPN
taxlaw-2791	626	11	(	(	PUNCT
taxlaw-2791	626	12	suggesting	suggest	VERB
taxlaw-2791	626	13	“	"	PUNCT
taxlaw-2791	626	14	a	a	DET
taxlaw-2791	626	15	clear	clear	ADJ
taxlaw-2791	626	16	statutory	statutory	ADJ
taxlaw-2791	626	17	basis	basis	NOUN
taxlaw-2791	626	18	for	for	ADP
taxlaw-2791	626	19	liquidation	liquidation	NOUN
taxlaw-2791	626	20	value	value	NOUN
taxlaw-2791	626	21	”	"	PUNCT
taxlaw-2791	626	22	is	be	AUX
taxlaw-2791	626	23	necessary	necessary	ADJ
taxlaw-2791	626	24	to	to	PART
taxlaw-2791	626	25	allow	allow	VERB
taxlaw-2791	626	26	partnerships	partnership	NOUN
taxlaw-2791	626	27	to	to	PART
taxlaw-2791	626	28	make	make	VERB
taxlaw-2791	626	29	the	the	DET
taxlaw-2791	626	30	liquidation	liquidation	NOUN
taxlaw-2791	626	31	-	-	PUNCT
taxlaw-2791	626	32	value	value	NOUN
taxlaw-2791	626	33	election	election	NOUN
taxlaw-2791	626	34	on	on	ADP
taxlaw-2791	626	35	behalf	behalf	NOUN
taxlaw-2791	626	36	of	of	ADP
taxlaw-2791	626	37	partners	partner	NOUN
taxlaw-2791	626	38	“	"	PUNCT
taxlaw-2791	626	39	free	free	ADJ
taxlaw-2791	626	40	of	of	ADP
taxlaw-2791	626	41	the	the	DET
taxlaw-2791	626	42	procedural	procedural	ADJ
taxlaw-2791	626	43	constraints	constraint	NOUN
taxlaw-2791	626	44	of	of	ADP
taxlaw-2791	626	45	the	the	DET
taxlaw-2791	626	46	currently	currently	ADV
taxlaw-2791	626	47	-	-	PUNCT
taxlaw-2791	626	48	proposed	propose	VERB
taxlaw-2791	626	49	safe	safe	ADJ
taxlaw-2791	626	50	harbor	harbor	NOUN
taxlaw-2791	626	51	”	"	PUNCT
taxlaw-2791	626	52	)	)	PUNCT
taxlaw-2791	626	53	.	.	PUNCT
taxlaw-2791	627	1	107	107	NUM
taxlaw-2791	627	2	.	.	PUNCT
taxlaw-2791	628	1	while	while	SCONJ
taxlaw-2791	628	2	a	a	DET
taxlaw-2791	628	3	profits	profit	NOUN
taxlaw-2791	628	4	interest	interest	NOUN
taxlaw-2791	628	5	has	have	VERB
taxlaw-2791	628	6	a	a	DET
taxlaw-2791	628	7	liquidation	liquidation	NOUN
taxlaw-2791	628	8	value	value	NOUN
taxlaw-2791	628	9	of	of	ADP
taxlaw-2791	628	10	zero	zero	NUM
taxlaw-2791	628	11	by	by	ADP
taxlaw-2791	628	12	definition	definition	NOUN
taxlaw-2791	628	13	,	,	PUNCT
taxlaw-2791	628	14	the	the	DET
taxlaw-2791	628	15	liquidation	liquidation	NOUN
taxlaw-2791	628	16	-	-	PUNCT
taxlaw-2791	628	17	value	value	NOUN
taxlaw-2791	628	18	of	of	ADP
taxlaw-2791	628	19	a	a	DET
taxlaw-2791	628	20	capital	capital	NOUN
taxlaw-2791	628	21	interest	interest	NOUN
taxlaw-2791	628	22	may	may	AUX
taxlaw-2791	628	23	exceed	exceed	VERB
taxlaw-2791	628	24	its	its	PRON
taxlaw-2791	628	25	fair	fair	ADJ
taxlaw-2791	628	26	market	market	NOUN
taxlaw-2791	628	27	value	value	NOUN
taxlaw-2791	628	28	discounted	discount	VERB
taxlaw-2791	628	29	to	to	PART
taxlaw-2791	628	30	reflect	reflect	VERB
taxlaw-2791	628	31	lack	lack	NOUN
taxlaw-2791	628	32	of	of	ADP
taxlaw-2791	628	33	marketability	marketability	NOUN
taxlaw-2791	628	34	and	and	CCONJ
taxlaw-2791	628	35	other	other	ADJ
taxlaw-2791	628	36	factors	factor	NOUN
taxlaw-2791	628	37	.	.	PUNCT
taxlaw-2791	629	1	28	28	NUM
taxlaw-2791	629	2	columbia	columbia	PROPN
taxlaw-2791	629	3	jour	jour	PROPN
taxlaw-2791	629	4	�	�	PROPN
taxlaw-2791	629	5	al	al	PROPN
taxlaw-2791	629	6	of	of	ADP
taxlaw-2791	629	7	tax	tax	NOUN
taxlaw-2791	629	8	law	law	NOUN
taxlaw-2791	630	1	[	[	X
taxlaw-2791	630	2	vol	vol	NOUN
taxlaw-2791	630	3	.	.	PUNCT
taxlaw-2791	630	4	1:1	1:1	NUM
taxlaw-2791	630	5	partnership	partnership	NOUN
taxlaw-2791	630	6	tax	tax	NOUN
taxlaw-2791	630	7	bar	bar	NOUN
taxlaw-2791	630	8	would	would	AUX
taxlaw-2791	630	9	presumably	presumably	ADV
taxlaw-2791	630	10	demand	demand	VERB
taxlaw-2791	630	11	valuation	valuation	NOUN
taxlaw-2791	630	12	discounts	discount	NOUN
taxlaw-2791	630	13	to	to	PART
taxlaw-2791	630	14	reflect	reflect	VERB
taxlaw-2791	630	15	lack	lack	NOUN
taxlaw-2791	630	16	of	of	ADP
taxlaw-2791	630	17	marketability	marketability	NOUN
taxlaw-2791	630	18	and	and	CCONJ
taxlaw-2791	630	19	control	control	NOUN
taxlaw-2791	630	20	.	.	PUNCT
taxlaw-2791	631	1	formally	formally	ADV
taxlaw-2791	631	2	,	,	PUNCT
taxlaw-2791	631	3	receipt	receipt	NOUN
taxlaw-2791	631	4	of	of	ADP
taxlaw-2791	631	5	a	a	DET
taxlaw-2791	631	6	compensatory	compensatory	ADJ
taxlaw-2791	631	7	partnership	partnership	NOUN
taxlaw-2791	631	8	profits	profit	NOUN
taxlaw-2791	631	9	interest	interest	NOUN
taxlaw-2791	631	10	would	would	AUX
taxlaw-2791	631	11	continue	continue	VERB
taxlaw-2791	631	12	to	to	PART
taxlaw-2791	631	13	be	be	AUX
taxlaw-2791	631	14	subject	subject	ADJ
taxlaw-2791	631	15	to	to	ADP
taxlaw-2791	631	16	§	§	PROPN
taxlaw-2791	631	17	83	83	NUM
taxlaw-2791	631	18	.	.	PUNCT
taxlaw-2791	632	1	nevertheless	nevertheless	ADV
taxlaw-2791	632	2	,	,	PUNCT
taxlaw-2791	632	3	the	the	DET
taxlaw-2791	632	4	zero	zero	NUM
taxlaw-2791	632	5	-	-	PUNCT
taxlaw-2791	632	6	value	value	NOUN
taxlaw-2791	632	7	rule	rule	NOUN
taxlaw-2791	632	8	and	and	CCONJ
taxlaw-2791	632	9	deemed	deem	VERB
taxlaw-2791	632	10	§	§	PROPN
taxlaw-2791	632	11	83(b	83(b	NUM
taxlaw-2791	632	12	)	)	PUNCT
taxlaw-2791	632	13	election	election	NOUN
taxlaw-2791	632	14	would	would	AUX
taxlaw-2791	632	15	effectively	effectively	ADV
taxlaw-2791	632	16	exempt	exempt	VERB
taxlaw-2791	632	17	partnership	partnership	NOUN
taxlaw-2791	632	18	profits	profit	NOUN
taxlaw-2791	632	19	interests	interest	NOUN
taxlaw-2791	632	20	from	from	ADP
taxlaw-2791	632	21	entanglement	entanglement	NOUN
taxlaw-2791	632	22	with	with	ADP
taxlaw-2791	632	23	§	§	PROPN
taxlaw-2791	632	24	83	83	NUM
taxlaw-2791	632	25	.	.	PUNCT
taxlaw-2791	633	1	since	since	SCONJ
taxlaw-2791	633	2	1969	1969	NUM
taxlaw-2791	633	3	,	,	PUNCT
taxlaw-2791	633	4	much	much	ADJ
taxlaw-2791	633	5	of	of	ADP
taxlaw-2791	633	6	the	the	DET
taxlaw-2791	633	7	partnership	partnership	NOUN
taxlaw-2791	633	8	tax	tax	NOUN
taxlaw-2791	633	9	bar	bar	NOUN
taxlaw-2791	633	10	has	have	AUX
taxlaw-2791	633	11	strenuously	strenuously	ADV
taxlaw-2791	633	12	resisted	resist	VERB
taxlaw-2791	633	13	the	the	DET
taxlaw-2791	633	14	notion	notion	NOUN
taxlaw-2791	633	15	that	that	SCONJ
taxlaw-2791	633	16	§	§	PROPN
taxlaw-2791	633	17	83	83	NUM
taxlaw-2791	633	18	should	should	AUX
taxlaw-2791	633	19	apply	apply	VERB
taxlaw-2791	633	20	in	in	ADP
taxlaw-2791	633	21	the	the	DET
taxlaw-2791	633	22	partnership	partnership	NOUN
taxlaw-2791	633	23	area.108	area.108	ADP
taxlaw-2791	633	24	as	as	SCONJ
taxlaw-2791	633	25	william	william	PROPN
taxlaw-2791	633	26	mckee	mckee	PROPN
taxlaw-2791	633	27	noted	note	VERB
taxlaw-2791	633	28	in	in	ADP
taxlaw-2791	633	29	1977	1977	NUM
taxlaw-2791	633	30	,	,	PUNCT
taxlaw-2791	633	31	the	the	DET
taxlaw-2791	633	32	“	"	PUNCT
taxlaw-2791	633	33	potential	potential	ADJ
taxlaw-2791	633	34	conflict	conflict	NOUN
taxlaw-2791	633	35	between	between	ADP
taxlaw-2791	633	36	§	§	PROPN
taxlaw-2791	633	37	83	83	NUM
taxlaw-2791	633	38	and	and	CCONJ
taxlaw-2791	633	39	subchapter	subchapter	NOUN
taxlaw-2791	633	40	k	k	PROPN
taxlaw-2791	633	41	is	be	AUX
taxlaw-2791	633	42	more	more	ADJ
taxlaw-2791	633	43	than	than	ADP
taxlaw-2791	633	44	skin	skin	NOUN
taxlaw-2791	633	45	-	-	PUNCT
taxlaw-2791	633	46	deep	deep	ADJ
taxlaw-2791	633	47	.	.	PUNCT
taxlaw-2791	633	48	.	.	PUNCT
taxlaw-2791	633	49	.	.	PUNCT
taxlaw-2791	633	50	.	.	PUNCT
taxlaw-2791	634	1	[	[	X
taxlaw-2791	634	2	t]reating	t]reate	VERB
taxlaw-2791	634	3	a	a	DET
taxlaw-2791	634	4	person	person	NOUN
taxlaw-2791	634	5	as	as	ADP
taxlaw-2791	634	6	a	a	DET
taxlaw-2791	634	7	partner	partner	NOUN
taxlaw-2791	634	8	prior	prior	ADV
taxlaw-2791	634	9	to	to	ADP
taxlaw-2791	634	10	the	the	DET
taxlaw-2791	634	11	lapse	lapse	NOUN
taxlaw-2791	634	12	of	of	ADP
taxlaw-2791	634	13	a	a	DET
taxlaw-2791	634	14	substantial	substantial	ADJ
taxlaw-2791	634	15	risk	risk	NOUN
taxlaw-2791	634	16	permits	permit	VERB
taxlaw-2791	634	17	the	the	DET
taxlaw-2791	634	18	§	§	PROPN
taxlaw-2791	634	19	83	83	NUM
taxlaw-2791	634	20	scheme	scheme	NOUN
taxlaw-2791	634	21	to	to	PART
taxlaw-2791	634	22	be	be	AUX
taxlaw-2791	634	23	subverted	subvert	VERB
taxlaw-2791	634	24	and	and	CCONJ
taxlaw-2791	634	25	manipulated	manipulate	VERB
taxlaw-2791	634	26	to	to	ADP
taxlaw-2791	634	27	the	the	DET
taxlaw-2791	634	28	advantage	advantage	NOUN
taxlaw-2791	634	29	of	of	ADP
taxlaw-2791	634	30	a	a	DET
taxlaw-2791	634	31	canny	canny	ADJ
taxlaw-2791	634	32	taxpayer	taxpayer	NOUN
taxlaw-2791	634	33	.	.	PUNCT
taxlaw-2791	635	1	”109	”109	VERB
taxlaw-2791	635	2	indeed	indeed	ADV
taxlaw-2791	635	3	,	,	PUNCT
taxlaw-2791	635	4	mckee	mckee	PROPN
taxlaw-2791	635	5	recommended	recommend	VERB
taxlaw-2791	635	6	a	a	DET
taxlaw-2791	635	7	“	"	PUNCT
taxlaw-2791	635	8	compromise	compromise	NOUN
taxlaw-2791	635	9	solution	solution	NOUN
taxlaw-2791	635	10	”	"	PUNCT
taxlaw-2791	635	11	under	under	ADP
taxlaw-2791	635	12	which	which	PRON
taxlaw-2791	635	13	the	the	DET
taxlaw-2791	635	14	normal	normal	ADJ
taxlaw-2791	635	15	partnership	partnership	NOUN
taxlaw-2791	635	16	rules	rule	NOUN
taxlaw-2791	635	17	would	would	AUX
taxlaw-2791	635	18	“	"	PUNCT
taxlaw-2791	635	19	simply	simply	ADV
taxlaw-2791	635	20	give	give	VERB
taxlaw-2791	635	21	way	way	NOUN
taxlaw-2791	635	22	to	to	ADP
taxlaw-2791	635	23	§	§	PROPN
taxlaw-2791	635	24	83	83	NUM
taxlaw-2791	635	25	,	,	PUNCT
taxlaw-2791	635	26	so	so	SCONJ
taxlaw-2791	635	27	that	that	SCONJ
taxlaw-2791	635	28	all	all	DET
taxlaw-2791	635	29	income	income	NOUN
taxlaw-2791	635	30	included	include	VERB
taxlaw-2791	635	31	in	in	ADP
taxlaw-2791	635	32	the	the	DET
taxlaw-2791	635	33	distributive	distributive	ADJ
taxlaw-2791	635	34	share	share	NOUN
taxlaw-2791	635	35	of	of	ADP
taxlaw-2791	635	36	a	a	DET
taxlaw-2791	635	37	partner	partner	NOUN
taxlaw-2791	635	38	[	[	X
taxlaw-2791	635	39	whose	whose	DET
taxlaw-2791	635	40	interest	interest	NOUN
taxlaw-2791	635	41	is	be	AUX
taxlaw-2791	635	42	forfeitable	forfeitable	ADJ
taxlaw-2791	635	43	]	]	PUNCT
taxlaw-2791	635	44	would	would	AUX
taxlaw-2791	635	45	be	be	AUX
taxlaw-2791	635	46	treated	treat	VERB
taxlaw-2791	635	47	as	as	ADP
taxlaw-2791	635	48	compensation	compensation	NOUN
taxlaw-2791	635	49	income	income	NOUN
taxlaw-2791	635	50	,	,	PUNCT
taxlaw-2791	635	51	regardless	regardless	ADV
taxlaw-2791	635	52	of	of	ADP
taxlaw-2791	635	53	its	its	PRON
taxlaw-2791	635	54	character	character	NOUN
taxlaw-2791	635	55	as	as	SCONJ
taxlaw-2791	635	56	determined	determine	VERB
taxlaw-2791	635	57	at	at	ADP
taxlaw-2791	635	58	the	the	DET
taxlaw-2791	635	59	partnership	partnership	NOUN
taxlaw-2791	635	60	level	level	NOUN
taxlaw-2791	635	61	.	.	PUNCT
taxlaw-2791	636	1	”110	”110	PROPN
taxlaw-2791	636	2	proposed	propose	VERB
taxlaw-2791	636	3	§	§	PROPN
taxlaw-2791	636	4	710	710	NUM
taxlaw-2791	636	5	is	be	AUX
taxlaw-2791	636	6	strikingly	strikingly	ADV
taxlaw-2791	636	7	similar	similar	ADJ
taxlaw-2791	636	8	to	to	ADP
taxlaw-2791	636	9	mckee	mckee	PROPN
taxlaw-2791	636	10	’s	’s	PART
taxlaw-2791	636	11	compromise	compromise	NOUN
taxlaw-2791	636	12	proposal	proposal	NOUN
taxlaw-2791	636	13	,	,	PUNCT
taxlaw-2791	636	14	but	but	CCONJ
taxlaw-2791	636	15	would	would	AUX
taxlaw-2791	636	16	often	often	ADV
taxlaw-2791	636	17	afford	afford	VERB
taxlaw-2791	636	18	even	even	ADV
taxlaw-2791	636	19	more	more	ADJ
taxlaw-2791	636	20	taxpayer	taxpayer	NOUN
taxlaw-2791	636	21	-	-	PUNCT
taxlaw-2791	636	22	friendly	friendly	ADJ
taxlaw-2791	636	23	treatment	treatment	NOUN
taxlaw-2791	636	24	by	by	ADP
taxlaw-2791	636	25	recharacterizing	recharacterize	VERB
taxlaw-2791	636	26	some	some	PRON
taxlaw-2791	636	27	(	(	PUNCT
taxlaw-2791	636	28	but	but	CCONJ
taxlaw-2791	636	29	not	not	PART
taxlaw-2791	636	30	all	all	PRON
taxlaw-2791	636	31	)	)	PUNCT
taxlaw-2791	636	32	of	of	ADP
taxlaw-2791	636	33	a	a	DET
taxlaw-2791	636	34	profits	profit	NOUN
taxlaw-2791	636	35	share	share	NOUN
taxlaw-2791	636	36	as	as	ADP
taxlaw-2791	636	37	ordinary	ordinary	ADJ
taxlaw-2791	636	38	income.111	income.111	NOUN
taxlaw-2791	636	39	as	as	ADP
taxlaw-2791	636	40	a	a	DET
taxlaw-2791	636	41	policy	policy	NOUN
taxlaw-2791	636	42	matter	matter	NOUN
taxlaw-2791	636	43	,	,	PUNCT
taxlaw-2791	636	44	the	the	DET
taxlaw-2791	636	45	issue	issue	NOUN
taxlaw-2791	636	46	is	be	AUX
taxlaw-2791	636	47	whether	whether	SCONJ
taxlaw-2791	636	48	profits	profit	NOUN
taxlaw-2791	636	49	interests	interest	NOUN
taxlaw-2791	636	50	should	should	AUX
taxlaw-2791	636	51	be	be	AUX
taxlaw-2791	636	52	exempt	exempt	ADJ
taxlaw-2791	636	53	from	from	ADP
taxlaw-2791	636	54	the	the	DET
taxlaw-2791	636	55	normal	normal	ADJ
taxlaw-2791	636	56	rule	rule	NOUN
taxlaw-2791	636	57	of	of	ADP
taxlaw-2791	636	58	§	§	PROPN
taxlaw-2791	636	59	83	83	NUM
taxlaw-2791	636	60	applicable	applicable	ADJ
taxlaw-2791	636	61	to	to	ADP
taxlaw-2791	636	62	all	all	DET
taxlaw-2791	636	63	other	other	ADJ
taxlaw-2791	636	64	transfers	transfer	NOUN
taxlaw-2791	636	65	of	of	ADP
taxlaw-2791	636	66	property	property	NOUN
taxlaw-2791	636	67	for	for	ADP
taxlaw-2791	636	68	services	service	NOUN
taxlaw-2791	636	69	.	.	PUNCT
taxlaw-2791	637	1	the	the	DET
taxlaw-2791	637	2	zero	zero	NUM
taxlaw-2791	637	3	-	-	PUNCT
taxlaw-2791	637	4	value	value	NOUN
taxlaw-2791	637	5	rule	rule	NOUN
taxlaw-2791	637	6	provides	provide	VERB
taxlaw-2791	637	7	an	an	DET
taxlaw-2791	637	8	unjustifiable	unjustifiable	ADJ
taxlaw-2791	637	9	valuation	valuation	NOUN
taxlaw-2791	637	10	subsidy	subsidy	NOUN
taxlaw-2791	637	11	to	to	ADP
taxlaw-2791	637	12	recipients	recipient	NOUN
taxlaw-2791	637	13	of	of	ADP
taxlaw-2791	637	14	profits	profit	NOUN
taxlaw-2791	637	15	interests	interest	NOUN
taxlaw-2791	637	16	in	in	ADP
taxlaw-2791	637	17	comparison	comparison	NOUN
taxlaw-2791	637	18	to	to	ADP
taxlaw-2791	637	19	other	other	ADJ
taxlaw-2791	637	20	types	type	NOUN
taxlaw-2791	637	21	of	of	ADP
taxlaw-2791	637	22	non	non	ADJ
taxlaw-2791	637	23	-	-	ADJ
taxlaw-2791	637	24	partnership	partnership	ADJ
taxlaw-2791	637	25	equity	equity	NOUN
taxlaw-2791	637	26	compensation.112	compensation.112	PROPN
taxlaw-2791	637	27	since	since	SCONJ
taxlaw-2791	637	28	enactment	enactment	NOUN
taxlaw-2791	637	29	of	of	ADP
taxlaw-2791	637	30	§	§	PROPN
taxlaw-2791	637	31	83	83	NUM
taxlaw-2791	637	32	,	,	PUNCT
taxlaw-2791	637	33	congress	congress	PROPN
taxlaw-2791	637	34	has	have	AUX
taxlaw-2791	637	35	codified	codify	VERB
taxlaw-2791	637	36	the	the	DET
taxlaw-2791	637	37	rules	rule	NOUN
taxlaw-2791	637	38	for	for	ADP
taxlaw-2791	637	39	taxing	tax	VERB
taxlaw-2791	637	40	deferred	deferred	ADJ
taxlaw-2791	637	41	compensation	compensation	NOUN
taxlaw-2791	637	42	under	under	ADP
taxlaw-2791	637	43	§	§	PROPN
taxlaw-2791	637	44	409a	409a	PROPN
taxlaw-2791	637	45	,	,	PUNCT
taxlaw-2791	637	46	which	which	PRON
taxlaw-2791	637	47	applies	apply	VERB
taxlaw-2791	637	48	in	in	ADP
taxlaw-2791	637	49	both	both	CCONJ
taxlaw-2791	637	50	the	the	DET
taxlaw-2791	637	51	corporate	corporate	ADJ
taxlaw-2791	637	52	and	and	CCONJ
taxlaw-2791	637	53	partnership	partnership	NOUN
taxlaw-2791	637	54	contexts.113	contexts.113	PROPN
taxlaw-2791	637	55	the	the	DET
taxlaw-2791	637	56	108	108	NUM
taxlaw-2791	637	57	.	.	PUNCT
taxlaw-2791	638	1	e.g.	e.g.	ADV
taxlaw-2791	638	2	,	,	PUNCT
taxlaw-2791	638	3	william	william	PROPN
taxlaw-2791	638	4	s.	s.	PROPN
taxlaw-2791	638	5	mckee	mckee	PROPN
taxlaw-2791	638	6	et	et	PROPN
taxlaw-2791	638	7	al	al	PROPN
taxlaw-2791	638	8	.	.	PROPN
taxlaw-2791	638	9	,	,	PUNCT
taxlaw-2791	638	10	federal	federal	ADJ
taxlaw-2791	638	11	taxation	taxation	NOUN
taxlaw-2791	638	12	of	of	ADP
taxlaw-2791	638	13	partnerships	partnership	NOUN
taxlaw-2791	638	14	and	and	CCONJ
taxlaw-2791	638	15	partners	partner	NOUN
taxlaw-2791	638	16	¶	¶	VERB
taxlaw-2791	638	17	5.08[3][a	5.08[3][a	NOUN
taxlaw-2791	638	18	]	]	PUNCT
taxlaw-2791	638	19	at	at	ADP
taxlaw-2791	638	20	5	5	NUM
taxlaw-2791	638	21	-	-	SYM
taxlaw-2791	638	22	44	44	NUM
taxlaw-2791	638	23	to	to	PART
taxlaw-2791	638	24	5	5	NUM
taxlaw-2791	638	25	-	-	SYM
taxlaw-2791	638	26	45	45	NUM
taxlaw-2791	638	27	(	(	PUNCT
taxlaw-2791	638	28	1977	1977	NUM
taxlaw-2791	638	29	)	)	PUNCT
taxlaw-2791	638	30	(	(	PUNCT
taxlaw-2791	638	31	referring	refer	VERB
taxlaw-2791	638	32	to	to	ADP
taxlaw-2791	638	33	§	§	PROPN
taxlaw-2791	638	34	83	83	NUM
taxlaw-2791	638	35	as	as	SCONJ
taxlaw-2791	638	36	“	"	PUNCT
taxlaw-2791	638	37	inspired	inspire	VERB
taxlaw-2791	638	38	primarily	primarily	ADV
taxlaw-2791	638	39	by	by	ADP
taxlaw-2791	638	40	dissatisfaction	dissatisfaction	NOUN
taxlaw-2791	638	41	with	with	ADP
taxlaw-2791	638	42	prior	prior	ADJ
taxlaw-2791	638	43	law	law	NOUN
taxlaw-2791	638	44	relating	relate	VERB
taxlaw-2791	638	45	to	to	ADP
taxlaw-2791	638	46	transfers	transfer	NOUN
taxlaw-2791	638	47	of	of	ADP
taxlaw-2791	638	48	corporate	corporate	ADJ
taxlaw-2791	638	49	stock	stock	NOUN
taxlaw-2791	638	50	to	to	ADP
taxlaw-2791	638	51	employees	employee	NOUN
taxlaw-2791	638	52	”	"	PUNCT
taxlaw-2791	638	53	and	and	CCONJ
taxlaw-2791	638	54	warning	warning	NOUN
taxlaw-2791	638	55	of	of	ADP
taxlaw-2791	638	56	“	"	PUNCT
taxlaw-2791	638	57	unexpected	unexpected	ADJ
taxlaw-2791	638	58	consequences	consequence	NOUN
taxlaw-2791	638	59	”	"	PUNCT
taxlaw-2791	638	60	if	if	SCONJ
taxlaw-2791	638	61	applied	apply	VERB
taxlaw-2791	638	62	to	to	ADP
taxlaw-2791	638	63	transfers	transfer	NOUN
taxlaw-2791	638	64	of	of	ADP
taxlaw-2791	638	65	partnership	partnership	NOUN
taxlaw-2791	638	66	interests	interest	NOUN
taxlaw-2791	638	67	)	)	PUNCT
taxlaw-2791	638	68	.	.	PUNCT
taxlaw-2791	639	1	for	for	ADP
taxlaw-2791	639	2	a	a	DET
taxlaw-2791	639	3	contemporary	contemporary	ADJ
taxlaw-2791	639	4	view	view	NOUN
taxlaw-2791	639	5	of	of	ADP
taxlaw-2791	639	6	§	§	PROPN
taxlaw-2791	639	7	83	83	NUM
taxlaw-2791	639	8	along	along	ADP
taxlaw-2791	639	9	similar	similar	ADJ
taxlaw-2791	639	10	lines	line	NOUN
taxlaw-2791	639	11	,	,	PUNCT
taxlaw-2791	639	12	see	see	VERB
taxlaw-2791	639	13	abrams	abrams	PROPN
taxlaw-2791	639	14	,	,	PUNCT
taxlaw-2791	639	15	supra	supra	PROPN
taxlaw-2791	639	16	note	note	NOUN
taxlaw-2791	639	17	2	2	NUM
taxlaw-2791	639	18	,	,	PUNCT
taxlaw-2791	639	19	at	at	ADP
taxlaw-2791	639	20	208–11	208–11	NUM
taxlaw-2791	639	21	,	,	PUNCT
taxlaw-2791	639	22	221	221	NUM
taxlaw-2791	639	23	.	.	PUNCT
taxlaw-2791	640	1	109	109	NUM
taxlaw-2791	640	2	.	.	PUNCT
taxlaw-2791	640	3	mckee	mckee	PROPN
taxlaw-2791	640	4	,	,	PUNCT
taxlaw-2791	640	5	supra	supra	PROPN
taxlaw-2791	640	6	note	note	PROPN
taxlaw-2791	640	7	108	108	NUM
taxlaw-2791	640	8	,	,	PUNCT
taxlaw-2791	640	9	at	at	ADP
taxlaw-2791	640	10	¶	¶	PROPN
taxlaw-2791	640	11	5.08[3][b	5.08[3][b	NUM
taxlaw-2791	640	12	]	]	PUNCT
taxlaw-2791	640	13	at	at	ADP
taxlaw-2791	640	14	5	5	NUM
taxlaw-2791	640	15	-	-	SYM
taxlaw-2791	640	16	50	50	NUM
taxlaw-2791	640	17	.	.	PUNCT
taxlaw-2791	641	1	110	110	NUM
taxlaw-2791	641	2	.	.	PUNCT
taxlaw-2791	642	1	i	i	PRON
taxlaw-2791	642	2	d.	d.	PROPN
taxlaw-2791	642	3	at	at	ADP
taxlaw-2791	642	4	5	5	NUM
taxlaw-2791	642	5	-	-	SYM
taxlaw-2791	642	6	50	50	NUM
taxlaw-2791	642	7	to	to	PART
taxlaw-2791	642	8	5	5	NUM
taxlaw-2791	642	9	-	-	SYM
taxlaw-2791	642	10	51	51	NUM
taxlaw-2791	642	11	.	.	NOUN
taxlaw-2791	642	12	111	111	NUM
taxlaw-2791	642	13	.	.	PUNCT
taxlaw-2791	643	1	although	although	SCONJ
taxlaw-2791	643	2	mckee	mckee	PROPN
taxlaw-2791	643	3	’s	’s	PART
taxlaw-2791	643	4	proposal	proposal	NOUN
taxlaw-2791	643	5	applied	apply	VERB
taxlaw-2791	643	6	only	only	ADV
taxlaw-2791	643	7	to	to	ADP
taxlaw-2791	643	8	a	a	DET
taxlaw-2791	643	9	forfeitable	forfeitable	ADJ
taxlaw-2791	643	10	interest	interest	NOUN
taxlaw-2791	643	11	,	,	PUNCT
taxlaw-2791	643	12	a	a	DET
taxlaw-2791	643	13	profits	profit	NOUN
taxlaw-2791	643	14	interest	interest	NOUN
taxlaw-2791	643	15	contingent	contingent	NOUN
taxlaw-2791	643	16	on	on	ADP
taxlaw-2791	643	17	a	a	DET
taxlaw-2791	643	18	performance	performance	NOUN
taxlaw-2791	643	19	goal	goal	NOUN
taxlaw-2791	643	20	is	be	AUX
taxlaw-2791	643	21	forfeitable	forfeitable	ADJ
taxlaw-2791	643	22	under	under	ADP
taxlaw-2791	643	23	§	§	PROPN
taxlaw-2791	643	24	83	83	NUM
taxlaw-2791	643	25	.	.	PUNCT
taxlaw-2791	644	1	see	see	VERB
taxlaw-2791	644	2	treas	treas	PROPN
taxlaw-2791	644	3	.	.	PUNCT
taxlaw-2791	645	1	reg	reg	PROPN
taxlaw-2791	645	2	.	.	PUNCT
taxlaw-2791	646	1	§	§	PROPN
taxlaw-2791	646	2	1.83	1.83	NUM
taxlaw-2791	646	3	-	-	SYM
taxlaw-2791	646	4	3(c)(1	3(c)(1	NUM
taxlaw-2791	646	5	)	)	PUNCT
taxlaw-2791	646	6	(	(	PUNCT
taxlaw-2791	646	7	as	as	SCONJ
taxlaw-2791	646	8	amended	amend	VERB
taxlaw-2791	646	9	in	in	ADP
taxlaw-2791	646	10	2005	2005	NUM
taxlaw-2791	646	11	)	)	PUNCT
taxlaw-2791	646	12	.	.	PUNCT
taxlaw-2791	647	1	112	112	NUM
taxlaw-2791	647	2	.	.	PUNCT
taxlaw-2791	648	1	see	see	VERB
taxlaw-2791	648	2	gilson	gilson	PROPN
taxlaw-2791	648	3	&	&	CCONJ
taxlaw-2791	648	4	schizer	schizer	PROPN
taxlaw-2791	648	5	,	,	PUNCT
taxlaw-2791	648	6	supra	supra	PROPN
taxlaw-2791	648	7	note	note	PROPN
taxlaw-2791	648	8	94	94	NUM
taxlaw-2791	648	9	,	,	PUNCT
taxlaw-2791	648	10	at	at	ADP
taxlaw-2791	648	11	907–09	907–09	NOUN
taxlaw-2791	648	12	(	(	PUNCT
taxlaw-2791	648	13	noting	note	VERB
taxlaw-2791	648	14	that	that	SCONJ
taxlaw-2791	648	15	current	current	ADJ
taxlaw-2791	648	16	rules	rule	NOUN
taxlaw-2791	648	17	immunize	immunize	VERB
taxlaw-2791	648	18	aggressive	aggressive	ADJ
taxlaw-2791	648	19	valuation	valuation	NOUN
taxlaw-2791	648	20	for	for	ADP
taxlaw-2791	648	21	safe	safe	ADJ
taxlaw-2791	648	22	harbor	harbor	NOUN
taxlaw-2791	648	23	interests	interest	NOUN
taxlaw-2791	648	24	)	)	PUNCT
taxlaw-2791	648	25	.	.	PUNCT
taxlaw-2791	649	1	cf	cf	NOUN
taxlaw-2791	649	2	.	.	PUNCT
taxlaw-2791	649	3	postlewaite	postlewaite	PROPN
taxlaw-2791	649	4	,	,	PUNCT
taxlaw-2791	649	5	supra	supra	ADJ
taxlaw-2791	649	6	note	note	NOUN
taxlaw-2791	649	7	96	96	NUM
taxlaw-2791	649	8	,	,	PUNCT
taxlaw-2791	649	9	at	at	ADP
taxlaw-2791	649	10	515	515	NUM
taxlaw-2791	649	11	(	(	PUNCT
taxlaw-2791	649	12	claiming	claim	VERB
taxlaw-2791	649	13	that	that	SCONJ
taxlaw-2791	649	14	“	"	PUNCT
taxlaw-2791	649	15	the	the	DET
taxlaw-2791	649	16	tax	tax	NOUN
taxlaw-2791	649	17	treatment	treatment	NOUN
taxlaw-2791	649	18	of	of	ADP
taxlaw-2791	649	19	a	a	DET
taxlaw-2791	649	20	profits	profit	NOUN
taxlaw-2791	649	21	interest	interest	NOUN
taxlaw-2791	649	22	is	be	AUX
taxlaw-2791	649	23	neither	neither	CCONJ
taxlaw-2791	649	24	unique	unique	ADJ
taxlaw-2791	649	25	nor	nor	CCONJ
taxlaw-2791	649	26	extraordinary	extraordinary	ADJ
taxlaw-2791	649	27	.	.	PUNCT
taxlaw-2791	649	28	”	"	PUNCT
taxlaw-2791	649	29	)	)	PUNCT
taxlaw-2791	649	30	.	.	PUNCT
taxlaw-2791	650	1	113	113	NUM
taxlaw-2791	650	2	.	.	PUNCT
taxlaw-2791	651	1	if	if	SCONJ
taxlaw-2791	651	2	§	§	PROPN
taxlaw-2791	651	3	409a	409a	PROPN
taxlaw-2791	651	4	applies	apply	VERB
taxlaw-2791	651	5	,	,	PUNCT
taxlaw-2791	651	6	deferred	deferred	ADJ
taxlaw-2791	651	7	compensation	compensation	NOUN
taxlaw-2791	651	8	may	may	AUX
taxlaw-2791	651	9	be	be	AUX
taxlaw-2791	651	10	required	require	VERB
taxlaw-2791	651	11	to	to	PART
taxlaw-2791	651	12	be	be	AUX
taxlaw-2791	651	13	included	include	VERB
taxlaw-2791	651	14	in	in	ADP
taxlaw-2791	651	15	income	income	NOUN
taxlaw-2791	651	16	prior	prior	ADV
taxlaw-2791	651	17	to	to	ADP
taxlaw-2791	651	18	the	the	DET
taxlaw-2791	651	19	year	year	NOUN
taxlaw-2791	651	20	of	of	ADP
taxlaw-2791	651	21	payment	payment	NOUN
taxlaw-2791	651	22	;	;	PUNCT
taxlaw-2791	651	23	in	in	ADP
taxlaw-2791	651	24	addition	addition	NOUN
taxlaw-2791	651	25	,	,	PUNCT
taxlaw-2791	651	26	the	the	DET
taxlaw-2791	651	27	deferred	defer	VERB
taxlaw-2791	651	28	income	income	NOUN
taxlaw-2791	651	29	may	may	AUX
taxlaw-2791	651	30	be	be	AUX
taxlaw-2791	651	31	subject	subject	ADJ
taxlaw-2791	651	32	to	to	ADP
taxlaw-2791	651	33	a	a	DET
taxlaw-2791	651	34	20	20	NUM
taxlaw-2791	651	35	%	%	NOUN
taxlaw-2791	651	36	exercise	exercise	NOUN
taxlaw-2791	651	37	tax	tax	NOUN
taxlaw-2791	651	38	and	and	CCONJ
taxlaw-2791	651	39	interest	interest	NOUN
taxlaw-2791	651	40	charges	charge	NOUN
taxlaw-2791	651	41	.	.	PUNCT
taxlaw-2791	652	1	see	see	VERB
taxlaw-2791	652	2	i.r.c	i.r.c	NOUN
taxlaw-2791	652	3	.	.	PUNCT
taxlaw-2791	653	1	§	§	PROPN
taxlaw-2791	653	2	409a(1)(a	409a(1)(a	PROPN
taxlaw-2791	653	3	)	)	PUNCT
taxlaw-2791	653	4	and	and	CCONJ
taxlaw-2791	653	5	(	(	PUNCT
taxlaw-2791	653	6	b	b	NOUN
taxlaw-2791	653	7	)	)	PUNCT
taxlaw-2791	653	8	(	(	PUNCT
taxlaw-2791	653	9	2009	2009	NUM
taxlaw-2791	653	10	)	)	PUNCT
taxlaw-2791	653	11	.	.	PUNCT
taxlaw-2791	654	1	profits	profit	NOUN
taxlaw-2791	654	2	interests	interest	NOUN
taxlaw-2791	654	3	do	do	AUX
taxlaw-2791	654	4	not	not	PART
taxlaw-2791	654	5	typically	typically	ADV
taxlaw-2791	654	6	limit	limit	VERB
taxlaw-2791	654	7	rights	right	NOUN
taxlaw-2791	654	8	to	to	PART
taxlaw-2791	654	9	receive	receive	VERB
taxlaw-2791	654	10	distributions	distribution	NOUN
taxlaw-2791	654	11	in	in	ADP
taxlaw-2791	654	12	a	a	DET
taxlaw-2791	654	13	manner	manner	NOUN
taxlaw-2791	654	14	that	that	PRON
taxlaw-2791	654	15	would	would	AUX
taxlaw-2791	654	16	satisfy	satisfy	VERB
taxlaw-2791	654	17	the	the	DET
taxlaw-2791	654	18	requirements	requirement	NOUN
taxlaw-2791	654	19	of	of	ADP
taxlaw-2791	654	20	§	§	PROPN
taxlaw-2791	654	21	409a	409a	PROPN
taxlaw-2791	654	22	.	.	PUNCT
taxlaw-2791	655	1	see	see	VERB
taxlaw-2791	655	2	carman	carman	PROPN
taxlaw-2791	655	3	,	,	PUNCT
taxlaw-2791	655	4	supra	supra	PROPN
taxlaw-2791	655	5	note	note	PROPN
taxlaw-2791	655	6	13	13	NUM
taxlaw-2791	655	7	,	,	PUNCT
taxlaw-2791	655	8	at	at	ADP
taxlaw-2791	655	9	115	115	NUM
taxlaw-2791	655	10	.	.	PUNCT
taxlaw-2791	656	1	2010	2010	NUM
taxlaw-2791	656	2	]	]	PUNCT
taxlaw-2791	656	3	the	the	DET
taxlaw-2791	656	4	sou	sou	PROPN
taxlaw-2791	656	5	�	�	PROPN
taxlaw-2791	656	6	d	d	PROPN
taxlaw-2791	656	7	a	a	DET
taxlaw-2791	656	8	�	�	PROPN
taxlaw-2791	656	9	d	d	NOUN
taxlaw-2791	656	10	fury	fury	NOUN
taxlaw-2791	656	11	of	of	ADP
taxlaw-2791	656	12	carried	carry	VERB
taxlaw-2791	656	13	i	i	PRON
taxlaw-2791	656	14	�	�	VERB
taxlaw-2791	656	15	terest	ter	ADJ
taxlaw-2791	656	16	reform	reform	NOUN
taxlaw-2791	656	17	29	29	NUM
taxlaw-2791	656	18	§	§	PROPN
taxlaw-2791	656	19	409a	409a	PROPN
taxlaw-2791	656	20	regulations	regulation	NOUN
taxlaw-2791	656	21	treat	treat	VERB
taxlaw-2791	656	22	the	the	DET
taxlaw-2791	656	23	valuation	valuation	NOUN
taxlaw-2791	656	24	of	of	ADP
taxlaw-2791	656	25	illiquid	illiquid	ADJ
taxlaw-2791	656	26	stock	stock	NOUN
taxlaw-2791	656	27	in	in	ADP
taxlaw-2791	656	28	a	a	DET
taxlaw-2791	656	29	start	start	VERB
taxlaw-2791	656	30	-	-	PUNCT
taxlaw-2791	656	31	up	up	ADP
taxlaw-2791	656	32	corporation	corporation	NOUN
taxlaw-2791	656	33	as	as	ADP
taxlaw-2791	656	34	reasonable	reasonable	ADJ
taxlaw-2791	656	35	only	only	ADV
taxlaw-2791	656	36	if	if	SCONJ
taxlaw-2791	656	37	the	the	DET
taxlaw-2791	656	38	fair	fair	ADJ
taxlaw-2791	656	39	market	market	NOUN
taxlaw-2791	656	40	value	value	NOUN
taxlaw-2791	656	41	is	be	AUX
taxlaw-2791	656	42	determined	determine	VERB
taxlaw-2791	656	43	under	under	ADP
taxlaw-2791	656	44	a	a	DET
taxlaw-2791	656	45	reasonable	reasonable	ADJ
taxlaw-2791	656	46	valuation	valuation	NOUN
taxlaw-2791	656	47	method	method	NOUN
taxlaw-2791	656	48	that	that	PRON
taxlaw-2791	656	49	takes	take	VERB
taxlaw-2791	656	50	relevant	relevant	ADJ
taxlaw-2791	656	51	factors	factor	NOUN
taxlaw-2791	656	52	into	into	ADP
taxlaw-2791	656	53	account.114	account.114	NOUN
taxlaw-2791	656	54	under	under	ADP
taxlaw-2791	656	55	these	these	DET
taxlaw-2791	656	56	valuation	valuation	NOUN
taxlaw-2791	656	57	guidelines	guideline	NOUN
taxlaw-2791	656	58	,	,	PUNCT
taxlaw-2791	656	59	the	the	DET
taxlaw-2791	656	60	liquidation	liquidation	NOUN
taxlaw-2791	656	61	-	-	PUNCT
taxlaw-2791	656	62	value	value	NOUN
taxlaw-2791	656	63	methodology	methodology	NOUN
taxlaw-2791	656	64	is	be	AUX
taxlaw-2791	656	65	patently	patently	ADV
taxlaw-2791	656	66	unreasonable	unreasonable	ADJ
taxlaw-2791	656	67	:	:	PUNCT
taxlaw-2791	656	68	it	it	PRON
taxlaw-2791	656	69	ignores	ignore	VERB
taxlaw-2791	656	70	factors	factor	NOUN
taxlaw-2791	656	71	relevant	relevant	ADJ
taxlaw-2791	656	72	to	to	ADP
taxlaw-2791	656	73	valuation	valuation	NOUN
taxlaw-2791	656	74	and	and	CCONJ
taxlaw-2791	656	75	creates	create	VERB
taxlaw-2791	656	76	a	a	DET
taxlaw-2791	656	77	fictional	fictional	ADJ
taxlaw-2791	656	78	liquidation	liquidation	NOUN
taxlaw-2791	656	79	that	that	PRON
taxlaw-2791	656	80	bears	bear	VERB
taxlaw-2791	656	81	no	no	DET
taxlaw-2791	656	82	relationship	relationship	NOUN
taxlaw-2791	656	83	to	to	ADP
taxlaw-2791	656	84	the	the	DET
taxlaw-2791	656	85	parties	party	NOUN
taxlaw-2791	656	86	’	'	PUNCT
taxlaw-2791	656	87	intent	intent	NOUN
taxlaw-2791	656	88	.	.	PUNCT
taxlaw-2791	657	1	this	this	DET
taxlaw-2791	657	2	fictional	fictional	ADJ
taxlaw-2791	657	3	approach	approach	NOUN
taxlaw-2791	657	4	may	may	AUX
taxlaw-2791	657	5	well	well	ADV
taxlaw-2791	657	6	encourage	encourage	VERB
taxlaw-2791	657	7	misvaluation	misvaluation	NOUN
taxlaw-2791	657	8	in	in	ADP
taxlaw-2791	657	9	related	related	ADJ
taxlaw-2791	657	10	areas	area	NOUN
taxlaw-2791	657	11	in	in	ADP
taxlaw-2791	657	12	which	which	PRON
taxlaw-2791	657	13	the	the	DET
taxlaw-2791	657	14	liquidation	liquidation	NOUN
taxlaw-2791	657	15	-	-	PUNCT
taxlaw-2791	657	16	value	value	NOUN
taxlaw-2791	657	17	methodology	methodology	NOUN
taxlaw-2791	657	18	would	would	AUX
taxlaw-2791	657	19	be	be	AUX
taxlaw-2791	657	20	clearly	clearly	ADV
taxlaw-2791	657	21	abusive.115	abusive.115	PROPN
taxlaw-2791	657	22	if	if	SCONJ
taxlaw-2791	657	23	the	the	DET
taxlaw-2791	657	24	concern	concern	NOUN
taxlaw-2791	657	25	is	be	AUX
taxlaw-2791	657	26	merely	merely	ADV
taxlaw-2791	657	27	to	to	PART
taxlaw-2791	657	28	coordinate	coordinate	VERB
taxlaw-2791	657	29	§	§	NOUN
taxlaw-2791	657	30	710	710	NUM
taxlaw-2791	657	31	with	with	ADP
taxlaw-2791	657	32	existing	exist	VERB
taxlaw-2791	657	33	law	law	NOUN
taxlaw-2791	657	34	,	,	PUNCT
taxlaw-2791	657	35	a	a	DET
taxlaw-2791	657	36	much	much	ADV
taxlaw-2791	657	37	narrower	narrow	ADJ
taxlaw-2791	657	38	fix	fix	NOUN
taxlaw-2791	657	39	should	should	AUX
taxlaw-2791	657	40	suffice	suffice	VERB
taxlaw-2791	657	41	that	that	PRON
taxlaw-2791	657	42	would	would	AUX
taxlaw-2791	657	43	not	not	PART
taxlaw-2791	657	44	override	override	VERB
taxlaw-2791	657	45	the	the	DET
taxlaw-2791	657	46	general	general	ADJ
taxlaw-2791	657	47	principles	principle	NOUN
taxlaw-2791	657	48	of	of	ADP
taxlaw-2791	657	49	§	§	PROPN
taxlaw-2791	657	50	83	83	NUM
taxlaw-2791	657	51	in	in	ADP
taxlaw-2791	657	52	the	the	DET
taxlaw-2791	657	53	partnership	partnership	NOUN
taxlaw-2791	657	54	context.116	context.116	VERB
taxlaw-2791	657	55	since	since	SCONJ
taxlaw-2791	657	56	§	§	PROPN
taxlaw-2791	657	57	83	83	NUM
taxlaw-2791	657	58	was	be	AUX
taxlaw-2791	657	59	added	add	VERB
taxlaw-2791	657	60	in	in	ADP
taxlaw-2791	657	61	1969	1969	NUM
taxlaw-2791	657	62	,	,	PUNCT
taxlaw-2791	657	63	congress	congress	PROPN
taxlaw-2791	657	64	has	have	AUX
taxlaw-2791	657	65	enacted	enact	VERB
taxlaw-2791	657	66	significant	significant	ADJ
taxlaw-2791	657	67	legislation	legislation	NOUN
taxlaw-2791	657	68	—	—	PUNCT
taxlaw-2791	657	69	including	include	VERB
taxlaw-2791	657	70	§	§	PROPN
taxlaw-2791	657	71	409a	409a	PROPN
taxlaw-2791	657	72	and	and	CCONJ
taxlaw-2791	657	73	most	most	ADV
taxlaw-2791	657	74	recently	recently	ADV
taxlaw-2791	657	75	§	§	PROPN
taxlaw-2791	657	76	457a	457a	PROPN
taxlaw-2791	657	77	—	—	PUNCT
taxlaw-2791	657	78	accelerating	accelerate	VERB
taxlaw-2791	657	79	income	income	NOUN
taxlaw-2791	657	80	and	and	CCONJ
taxlaw-2791	657	81	imposing	impose	VERB
taxlaw-2791	657	82	penalties	penalty	NOUN
taxlaw-2791	657	83	in	in	ADP
taxlaw-2791	657	84	the	the	DET
taxlaw-2791	657	85	case	case	NOUN
taxlaw-2791	657	86	of	of	ADP
taxlaw-2791	657	87	certain	certain	ADJ
taxlaw-2791	657	88	deferred	defer	VERB
taxlaw-2791	657	89	compensation	compensation	NOUN
taxlaw-2791	657	90	arrangements.117	arrangements.117	ADP
taxlaw-2791	657	91	these	these	DET
taxlaw-2791	657	92	complex	complex	ADJ
taxlaw-2791	657	93	provisions	provision	NOUN
taxlaw-2791	657	94	potentially	potentially	ADV
taxlaw-2791	657	95	impact	impact	VERB
taxlaw-2791	657	96	the	the	DET
taxlaw-2791	657	97	treatment	treatment	NOUN
taxlaw-2791	657	98	of	of	ADP
taxlaw-2791	657	99	compensatory	compensatory	ADJ
taxlaw-2791	657	100	profits	profit	NOUN
taxlaw-2791	657	101	interests	interest	NOUN
taxlaw-2791	657	102	and	and	CCONJ
taxlaw-2791	657	103	amounts	amount	NOUN
taxlaw-2791	657	104	recharacterized	recharacterize	VERB
taxlaw-2791	657	105	as	as	ADP
taxlaw-2791	657	106	ordinary	ordinary	ADJ
taxlaw-2791	657	107	income	income	NOUN
taxlaw-2791	657	108	under	under	ADP
taxlaw-2791	657	109	proposed	propose	VERB
taxlaw-2791	657	110	§	§	PROPN
taxlaw-2791	657	111	710.118	710.118	NUM
taxlaw-2791	657	112	if	if	SCONJ
taxlaw-2791	657	113	congress	congress	PROPN
taxlaw-2791	657	114	proceeds	proceed	VERB
taxlaw-2791	657	115	further	far	ADV
taxlaw-2791	657	116	with	with	ADP
taxlaw-2791	657	117	the	the	DET
taxlaw-2791	657	118	carried	carry	VERB
taxlaw-2791	657	119	interest	interest	NOUN
taxlaw-2791	657	120	legislation	legislation	NOUN
taxlaw-2791	657	121	,	,	PUNCT
taxlaw-2791	657	122	it	it	PRON
taxlaw-2791	657	123	will	will	AUX
taxlaw-2791	657	124	be	be	AUX
taxlaw-2791	657	125	necessary	necessary	ADJ
taxlaw-2791	657	126	to	to	PART
taxlaw-2791	657	127	consider	consider	VERB
taxlaw-2791	657	128	carefully	carefully	ADV
taxlaw-2791	657	129	the	the	DET
taxlaw-2791	657	130	interactions	interaction	NOUN
taxlaw-2791	657	131	between	between	ADP
taxlaw-2791	657	132	these	these	DET
taxlaw-2791	657	133	provisions	provision	NOUN
taxlaw-2791	657	134	and	and	CCONJ
taxlaw-2791	657	135	§	§	PROPN
taxlaw-2791	657	136	710	710	NUM
taxlaw-2791	657	137	.	.	PUNCT
taxlaw-2791	658	1	more	more	ADV
taxlaw-2791	658	2	broadly	broadly	ADV
taxlaw-2791	658	3	,	,	PUNCT
taxlaw-2791	658	4	the	the	DET
taxlaw-2791	658	5	issue	issue	NOUN
taxlaw-2791	658	6	is	be	AUX
taxlaw-2791	658	7	whether	whether	SCONJ
taxlaw-2791	658	8	a	a	DET
taxlaw-2791	658	9	compensatory	compensatory	ADJ
taxlaw-2791	658	10	partnership	partnership	NOUN
taxlaw-2791	658	11	interest	interest	NOUN
taxlaw-2791	658	12	should	should	AUX
taxlaw-2791	658	13	be	be	AUX
taxlaw-2791	658	14	treated	treat	VERB
taxlaw-2791	658	15	like	like	ADP
taxlaw-2791	658	16	other	other	ADJ
taxlaw-2791	658	17	property	property	NOUN
taxlaw-2791	658	18	for	for	ADP
taxlaw-2791	658	19	purposes	purpose	NOUN
taxlaw-2791	658	20	of	of	ADP
taxlaw-2791	658	21	§	§	PROPN
taxlaw-2791	658	22	83	83	NUM
taxlaw-2791	658	23	and	and	CCONJ
taxlaw-2791	658	24	related	related	ADJ
taxlaw-2791	658	25	provisions	provision	NOUN
taxlaw-2791	658	26	governing	govern	VERB
taxlaw-2791	658	27	deferred	defer	VERB
taxlaw-2791	658	28	compensation	compensation	NOUN
taxlaw-2791	658	29	arrangements	arrangement	NOUN
taxlaw-2791	658	30	.	.	PUNCT
taxlaw-2791	659	1	since	since	SCONJ
taxlaw-2791	659	2	the	the	DET
taxlaw-2791	659	3	current	current	ADJ
taxlaw-2791	659	4	entity	entity	NOUN
taxlaw-2791	659	5	classification	classification	NOUN
taxlaw-2791	659	6	rules	rule	NOUN
taxlaw-2791	659	7	greatly	greatly	ADV
taxlaw-2791	659	8	narrow	narrow	VERB
taxlaw-2791	659	9	the	the	DET
taxlaw-2791	659	10	substantive	substantive	ADJ
taxlaw-2791	659	11	differences	difference	NOUN
taxlaw-2791	659	12	between	between	ADP
taxlaw-2791	659	13	partnerships	partnership	NOUN
taxlaw-2791	659	14	and	and	CCONJ
taxlaw-2791	659	15	corporations	corporation	NOUN
taxlaw-2791	659	16	,	,	PUNCT
taxlaw-2791	659	17	it	it	PRON
taxlaw-2791	659	18	is	be	AUX
taxlaw-2791	659	19	not	not	PART
taxlaw-2791	659	20	clear	clear	ADJ
taxlaw-2791	659	21	why	why	SCONJ
taxlaw-2791	659	22	profits	profit	NOUN
taxlaw-2791	659	23	interests	interest	NOUN
taxlaw-2791	659	24	should	should	AUX
taxlaw-2791	659	25	be	be	AUX
taxlaw-2791	659	26	treated	treat	VERB
taxlaw-2791	659	27	so	so	ADV
taxlaw-2791	659	28	differently	differently	ADV
taxlaw-2791	659	29	from	from	ADP
taxlaw-2791	659	30	nonqualified	nonqualified	ADJ
taxlaw-2791	659	31	stock	stock	NOUN
taxlaw-2791	659	32	options	option	NOUN
taxlaw-2791	659	33	which	which	PRON
taxlaw-2791	659	34	they	they	PRON
taxlaw-2791	659	35	114	114	NUM
taxlaw-2791	659	36	.	.	PUNCT
taxlaw-2791	660	1	see	see	VERB
taxlaw-2791	660	2	treas	treas	PROPN
taxlaw-2791	660	3	.	.	PUNCT
taxlaw-2791	661	1	reg	reg	PROPN
taxlaw-2791	661	2	.	.	PUNCT
taxlaw-2791	662	1	§	§	PROPN
taxlaw-2791	662	2	1.409a-1(b)(5)(iv)(b)(1	1.409a-1(b)(5)(iv)(b)(1	NUM
taxlaw-2791	662	3	)	)	PUNCT
taxlaw-2791	662	4	and	and	CCONJ
taxlaw-2791	662	5	(	(	PUNCT
taxlaw-2791	662	6	2	2	NUM
taxlaw-2791	662	7	)	)	PUNCT
taxlaw-2791	662	8	(	(	PUNCT
taxlaw-2791	662	9	2007	2007	NUM
taxlaw-2791	662	10	)	)	PUNCT
taxlaw-2791	662	11	.	.	PUNCT
taxlaw-2791	663	1	115	115	NUM
taxlaw-2791	663	2	.	.	PUNCT
taxlaw-2791	664	1	see	see	VERB
taxlaw-2791	664	2	,	,	PUNCT
taxlaw-2791	664	3	e.g.	e.g.	ADV
taxlaw-2791	664	4	,	,	PUNCT
taxlaw-2791	664	5	gilson	gilson	PROPN
taxlaw-2791	664	6	&	&	CCONJ
taxlaw-2791	664	7	schizer	schizer	PROPN
taxlaw-2791	664	8	,	,	PUNCT
taxlaw-2791	664	9	supra	supra	PROPN
taxlaw-2791	664	10	note	note	PROPN
taxlaw-2791	664	11	94	94	NUM
taxlaw-2791	664	12	,	,	PUNCT
taxlaw-2791	664	13	at	at	ADP
taxlaw-2791	664	14	908	908	NUM
taxlaw-2791	664	15	n.113	n.113	NOUN
taxlaw-2791	664	16	(	(	PUNCT
taxlaw-2791	664	17	suggesting	suggest	VERB
taxlaw-2791	664	18	possibility	possibility	NOUN
taxlaw-2791	664	19	of	of	ADP
taxlaw-2791	664	20	“	"	PUNCT
taxlaw-2791	664	21	wrapping	wrap	VERB
taxlaw-2791	664	22	”	"	PUNCT
taxlaw-2791	664	23	a	a	DET
taxlaw-2791	664	24	corporation	corporation	NOUN
taxlaw-2791	664	25	in	in	ADP
taxlaw-2791	664	26	a	a	DET
taxlaw-2791	664	27	partnership	partnership	NOUN
taxlaw-2791	664	28	)	)	PUNCT
taxlaw-2791	664	29	;	;	PUNCT
taxlaw-2791	665	1	karen	karen	PROPN
taxlaw-2791	665	2	c.	c.	PROPN
taxlaw-2791	665	3	burke	burke	PROPN
taxlaw-2791	665	4	&	&	CCONJ
taxlaw-2791	665	5	grayson	grayson	PROPN
taxlaw-2791	665	6	m.p	m.p	PROPN
taxlaw-2791	665	7	.	.	PROPN
taxlaw-2791	665	8	mccouch	mccouch	PROPN
taxlaw-2791	665	9	,	,	PUNCT
taxlaw-2791	665	10	family	family	NOUN
taxlaw-2791	665	11	limited	limit	VERB
taxlaw-2791	665	12	partnerships	partnership	NOUN
taxlaw-2791	665	13	:	:	PUNCT
taxlaw-2791	665	14	discounts	discount	NOUN
taxlaw-2791	665	15	,	,	PUNCT
taxlaw-2791	665	16	options	option	NOUN
taxlaw-2791	665	17	,	,	PUNCT
taxlaw-2791	665	18	and	and	CCONJ
taxlaw-2791	665	19	disappearing	disappear	VERB
taxlaw-2791	665	20	value	value	NOUN
taxlaw-2791	665	21	,	,	PUNCT
taxlaw-2791	665	22	6	6	NUM
taxlaw-2791	665	23	fla	fla	NOUN
taxlaw-2791	665	24	.	.	PUNCT
taxlaw-2791	666	1	tax	tax	PROPN
taxlaw-2791	666	2	.	.	PUNCT
taxlaw-2791	667	1	rev	rev	PROPN
taxlaw-2791	667	2	.	.	PROPN
taxlaw-2791	667	3	649	649	NUM
taxlaw-2791	667	4	,	,	PUNCT
taxlaw-2791	667	5	671–72	671–72	NUM
taxlaw-2791	667	6	(	(	PUNCT
taxlaw-2791	667	7	2004	2004	NUM
taxlaw-2791	667	8	)	)	PUNCT
taxlaw-2791	668	1	(	(	PUNCT
taxlaw-2791	668	2	noting	note	VERB
taxlaw-2791	668	3	that	that	SCONJ
taxlaw-2791	668	4	“	"	PUNCT
taxlaw-2791	668	5	value	value	NOUN
taxlaw-2791	668	6	.	.	PUNCT
taxlaw-2791	668	7	.	.	PUNCT
taxlaw-2791	669	1	.	.	PUNCT
taxlaw-2791	670	1	disappears	disappear	VERB
taxlaw-2791	670	2	from	from	ADP
taxlaw-2791	670	3	the	the	DET
taxlaw-2791	670	4	transfer	transfer	NOUN
taxlaw-2791	670	5	tax	tax	NOUN
taxlaw-2791	670	6	base	base	NOUN
taxlaw-2791	670	7	under	under	ADP
taxlaw-2791	670	8	existing	exist	VERB
taxlaw-2791	670	9	law	law	NOUN
taxlaw-2791	670	10	as	as	ADP
taxlaw-2791	670	11	a	a	DET
taxlaw-2791	670	12	result	result	NOUN
taxlaw-2791	670	13	of	of	ADP
taxlaw-2791	670	14	inconsistent	inconsistent	ADJ
taxlaw-2791	670	15	valuation	valuation	NOUN
taxlaw-2791	670	16	assumptions	assumption	NOUN
taxlaw-2791	670	17	”	"	PUNCT
taxlaw-2791	670	18	)	)	PUNCT
taxlaw-2791	670	19	.	.	PUNCT
taxlaw-2791	671	1	116	116	X
taxlaw-2791	671	2	.	.	PUNCT
taxlaw-2791	672	1	see	see	VERB
taxlaw-2791	672	2	prop	prop	NOUN
taxlaw-2791	672	3	.	.	PUNCT
taxlaw-2791	673	1	§	§	PROPN
taxlaw-2791	673	2	710(c)(2)(c	710(c)(2)(c	PROPN
taxlaw-2791	673	3	)	)	PUNCT
taxlaw-2791	673	4	.	.	PUNCT
taxlaw-2791	674	1	if	if	SCONJ
taxlaw-2791	674	2	both	both	DET
taxlaw-2791	674	3	prop	prop	NOUN
taxlaw-2791	674	4	.	.	PUNCT
taxlaw-2791	675	1	§	§	PROPN
taxlaw-2791	675	2	710	710	NUM
taxlaw-2791	675	3	and	and	CCONJ
taxlaw-2791	675	4	§	§	PROPN
taxlaw-2791	675	5	83	83	NUM
taxlaw-2791	675	6	apply	apply	VERB
taxlaw-2791	675	7	,	,	PUNCT
taxlaw-2791	675	8	the	the	DET
taxlaw-2791	675	9	concern	concern	NOUN
taxlaw-2791	675	10	is	be	AUX
taxlaw-2791	675	11	apparently	apparently	ADV
taxlaw-2791	675	12	that	that	SCONJ
taxlaw-2791	675	13	the	the	DET
taxlaw-2791	675	14	fair	fair	ADJ
taxlaw-2791	675	15	value	value	NOUN
taxlaw-2791	675	16	of	of	ADP
taxlaw-2791	675	17	a	a	DET
taxlaw-2791	675	18	profits	profit	NOUN
taxlaw-2791	675	19	interest	interest	NOUN
taxlaw-2791	675	20	could	could	AUX
taxlaw-2791	675	21	potentially	potentially	ADV
taxlaw-2791	675	22	be	be	AUX
taxlaw-2791	675	23	taxed	tax	VERB
taxlaw-2791	675	24	twice	twice	ADV
taxlaw-2791	675	25	.	.	PUNCT
taxlaw-2791	676	1	see	see	VERB
taxlaw-2791	676	2	aba	aba	PROPN
taxlaw-2791	676	3	comments	comment	NOUN
taxlaw-2791	676	4	,	,	PUNCT
taxlaw-2791	676	5	supra	supra	PROPN
taxlaw-2791	676	6	note	note	PROPN
taxlaw-2791	676	7	11	11	NUM
taxlaw-2791	676	8	,	,	PUNCT
taxlaw-2791	676	9	at	at	ADP
taxlaw-2791	676	10	16–17	16–17	NUM
taxlaw-2791	676	11	.	.	PUNCT
taxlaw-2791	677	1	alternatively	alternatively	ADV
taxlaw-2791	677	2	,	,	PUNCT
taxlaw-2791	677	3	the	the	DET
taxlaw-2791	677	4	concern	concern	NOUN
taxlaw-2791	677	5	may	may	AUX
taxlaw-2791	677	6	be	be	AUX
taxlaw-2791	677	7	that	that	SCONJ
taxlaw-2791	677	8	the	the	DET
taxlaw-2791	677	9	liquidationvalue	liquidationvalue	ADJ
taxlaw-2791	677	10	presumption	presumption	NOUN
taxlaw-2791	677	11	is	be	AUX
taxlaw-2791	677	12	inconsistent	inconsistent	ADJ
taxlaw-2791	677	13	with	with	ADP
taxlaw-2791	677	14	the	the	DET
taxlaw-2791	677	15	language	language	NOUN
taxlaw-2791	677	16	of	of	ADP
taxlaw-2791	677	17	§	§	PROPN
taxlaw-2791	677	18	83	83	NUM
taxlaw-2791	677	19	concerning	concern	VERB
taxlaw-2791	677	20	the	the	DET
taxlaw-2791	677	21	“	"	PUNCT
taxlaw-2791	677	22	fair	fair	ADJ
taxlaw-2791	677	23	market	market	NOUN
taxlaw-2791	677	24	value	value	NOUN
taxlaw-2791	677	25	”	"	PUNCT
taxlaw-2791	677	26	of	of	ADP
taxlaw-2791	677	27	an	an	DET
taxlaw-2791	677	28	interest	interest	NOUN
taxlaw-2791	677	29	.	.	PUNCT
taxlaw-2791	678	1	see	see	VERB
taxlaw-2791	678	2	harvey	harvey	PROPN
taxlaw-2791	678	3	&	&	CCONJ
taxlaw-2791	678	4	lee	lee	PROPN
taxlaw-2791	678	5	,	,	PUNCT
taxlaw-2791	678	6	supra	supra	PROPN
taxlaw-2791	678	7	note	note	PROPN
taxlaw-2791	678	8	104	104	NUM
taxlaw-2791	678	9	,	,	PUNCT
taxlaw-2791	678	10	at	at	ADP
taxlaw-2791	678	11	98	98	NUM
taxlaw-2791	678	12	,	,	PUNCT
taxlaw-2791	678	13	102	102	NUM
taxlaw-2791	678	14	n.97	n.97	NOUN
taxlaw-2791	678	15	.	.	PROPN
taxlaw-2791	678	16	117	117	NUM
taxlaw-2791	678	17	.	.	PUNCT
taxlaw-2791	679	1	i.r.c	i.r.c	NOUN
taxlaw-2791	679	2	.	.	PUNCT
taxlaw-2791	680	1	§	§	PROPN
taxlaw-2791	680	2	457a	457a	PROPN
taxlaw-2791	680	3	addresses	address	NOUN
taxlaw-2791	680	4	deferral	deferral	ADV
taxlaw-2791	680	5	of	of	ADP
taxlaw-2791	680	6	compensation	compensation	NOUN
taxlaw-2791	680	7	paid	pay	VERB
taxlaw-2791	680	8	by	by	ADP
taxlaw-2791	680	9	a	a	DET
taxlaw-2791	680	10	tax	tax	NOUN
taxlaw-2791	680	11	-	-	PUNCT
taxlaw-2791	680	12	indifferent	indifferent	ADJ
taxlaw-2791	680	13	party	party	NOUN
taxlaw-2791	680	14	(	(	PUNCT
taxlaw-2791	680	15	such	such	ADJ
taxlaw-2791	680	16	as	as	ADP
taxlaw-2791	680	17	a	a	DET
taxlaw-2791	680	18	foreign	foreign	ADJ
taxlaw-2791	680	19	corporation	corporation	NOUN
taxlaw-2791	680	20	located	locate	VERB
taxlaw-2791	680	21	in	in	ADP
taxlaw-2791	680	22	a	a	DET
taxlaw-2791	680	23	tax	tax	NOUN
taxlaw-2791	680	24	haven	haven	NOUN
taxlaw-2791	680	25	whose	whose	DET
taxlaw-2791	680	26	income	income	NOUN
taxlaw-2791	680	27	is	be	AUX
taxlaw-2791	680	28	not	not	PART
taxlaw-2791	680	29	subject	subject	ADJ
taxlaw-2791	680	30	to	to	ADP
taxlaw-2791	680	31	u.s	u.s	PROPN
taxlaw-2791	680	32	.	.	PROPN
taxlaw-2791	680	33	tax	tax	NOUN
taxlaw-2791	680	34	)	)	PUNCT
taxlaw-2791	680	35	.	.	PUNCT
taxlaw-2791	681	1	in	in	ADP
taxlaw-2791	681	2	this	this	DET
taxlaw-2791	681	3	situation	situation	NOUN
taxlaw-2791	681	4	,	,	PUNCT
taxlaw-2791	681	5	deferral	deferral	NOUN
taxlaw-2791	681	6	of	of	ADP
taxlaw-2791	681	7	the	the	DET
taxlaw-2791	681	8	service	service	NOUN
taxlaw-2791	681	9	-	-	PUNCT
taxlaw-2791	681	10	provider	provider	NOUN
taxlaw-2791	681	11	’s	’s	PART
taxlaw-2791	681	12	income	income	NOUN
taxlaw-2791	681	13	is	be	AUX
taxlaw-2791	681	14	not	not	PART
taxlaw-2791	681	15	offset	offset	VERB
taxlaw-2791	681	16	by	by	ADP
taxlaw-2791	681	17	any	any	DET
taxlaw-2791	681	18	tax	tax	NOUN
taxlaw-2791	681	19	detriment	detriment	NOUN
taxlaw-2791	681	20	to	to	ADP
taxlaw-2791	681	21	the	the	DET
taxlaw-2791	681	22	payor	payor	NOUN
taxlaw-2791	681	23	.	.	PUNCT
taxlaw-2791	682	1	118	118	NUM
taxlaw-2791	682	2	.	.	PUNCT
taxlaw-2791	683	1	the	the	DET
taxlaw-2791	683	2	levin	levin	PROPN
taxlaw-2791	683	3	bill	bill	PROPN
taxlaw-2791	683	4	no	no	ADV
taxlaw-2791	683	5	longer	long	ADV
taxlaw-2791	683	6	provides	provide	VERB
taxlaw-2791	683	7	that	that	SCONJ
taxlaw-2791	683	8	recharacterized	recharacterized	ADJ
taxlaw-2791	683	9	income	income	NOUN
taxlaw-2791	683	10	will	will	AUX
taxlaw-2791	683	11	be	be	AUX
taxlaw-2791	683	12	treated	treat	VERB
taxlaw-2791	683	13	as	as	ADP
taxlaw-2791	683	14	compensation	compensation	NOUN
taxlaw-2791	683	15	for	for	ADP
taxlaw-2791	683	16	performing	perform	VERB
taxlaw-2791	683	17	services	service	NOUN
taxlaw-2791	683	18	.	.	PUNCT
taxlaw-2791	684	1	see	see	VERB
taxlaw-2791	684	2	carol	carol	PROPN
taxlaw-2791	684	3	kulish	kulish	PROPN
taxlaw-2791	684	4	harvey	harvey	PROPN
taxlaw-2791	684	5	&	&	CCONJ
taxlaw-2791	684	6	james	james	PROPN
taxlaw-2791	684	7	b.	b.	PROPN
taxlaw-2791	684	8	sowell	sowell	PROPN
taxlaw-2791	684	9	,	,	PUNCT
taxlaw-2791	684	10	proposals	proposal	NOUN
taxlaw-2791	684	11	on	on	ADP
taxlaw-2791	684	12	carried	carry	VERB
taxlaw-2791	684	13	interests	interest	NOUN
taxlaw-2791	684	14	,	,	PUNCT
taxlaw-2791	684	15	business	business	NOUN
taxlaw-2791	684	16	entities	entity	NOUN
taxlaw-2791	684	17	4	4	NUM
taxlaw-2791	684	18	,	,	PUNCT
taxlaw-2791	684	19	10	10	NUM
taxlaw-2791	684	20	n.22	n.22	PROPN
taxlaw-2791	684	21	(	(	PUNCT
taxlaw-2791	684	22	july	july	PROPN
taxlaw-2791	684	23	/	/	SYM
taxlaw-2791	684	24	august	august	PROPN
taxlaw-2791	684	25	2009	2009	NUM
taxlaw-2791	684	26	)	)	PUNCT
taxlaw-2791	684	27	(	(	PUNCT
taxlaw-2791	684	28	suggesting	suggest	VERB
taxlaw-2791	684	29	that	that	SCONJ
taxlaw-2791	684	30	this	this	DET
taxlaw-2791	684	31	change	change	NOUN
taxlaw-2791	684	32	may	may	AUX
taxlaw-2791	684	33	be	be	AUX
taxlaw-2791	684	34	intended	intend	VERB
taxlaw-2791	684	35	to	to	PART
taxlaw-2791	684	36	“	"	PUNCT
taxlaw-2791	684	37	ameliorate	ameliorate	VERB
taxlaw-2791	684	38	”	"	PUNCT
taxlaw-2791	684	39	problems	problem	NOUN
taxlaw-2791	684	40	that	that	PRON
taxlaw-2791	684	41	could	could	AUX
taxlaw-2791	684	42	otherwise	otherwise	ADV
taxlaw-2791	684	43	arise	arise	VERB
taxlaw-2791	684	44	under	under	ADP
taxlaw-2791	684	45	§	§	PROPN
taxlaw-2791	684	46	§	§	PROPN
taxlaw-2791	684	47	409a	409a	PROPN
taxlaw-2791	684	48	and	and	CCONJ
taxlaw-2791	684	49	457a	457a	PROPN
taxlaw-2791	684	50	)	)	PUNCT
taxlaw-2791	684	51	.	.	PUNCT
taxlaw-2791	685	1	30	30	NUM
taxlaw-2791	685	2	columbia	columbia	PROPN
taxlaw-2791	685	3	jour	jour	PROPN
taxlaw-2791	685	4	�	�	PROPN
taxlaw-2791	685	5	al	al	PROPN
taxlaw-2791	685	6	of	of	ADP
taxlaw-2791	685	7	tax	tax	NOUN
taxlaw-2791	685	8	law	law	NOUN
taxlaw-2791	685	9	[	[	X
taxlaw-2791	685	10	vol	vol	NOUN
taxlaw-2791	685	11	.	.	PUNCT
taxlaw-2791	686	1	1:1	1:1	NUM
taxlaw-2791	686	2	resemble.119	resemble.119	PROPN
taxlaw-2791	686	3	in	in	ADP
taxlaw-2791	686	4	summary	summary	NOUN
taxlaw-2791	686	5	,	,	PUNCT
taxlaw-2791	686	6	there	there	PRON
taxlaw-2791	686	7	has	have	AUX
taxlaw-2791	686	8	been	be	AUX
taxlaw-2791	686	9	virtually	virtually	ADV
taxlaw-2791	686	10	no	no	DET
taxlaw-2791	686	11	public	public	ADJ
taxlaw-2791	686	12	discussion	discussion	NOUN
taxlaw-2791	686	13	of	of	ADP
taxlaw-2791	686	14	the	the	DET
taxlaw-2791	686	15	proposed	propose	VERB
taxlaw-2791	686	16	amendment	amendment	NOUN
taxlaw-2791	686	17	to	to	ADP
taxlaw-2791	686	18	§	§	PROPN
taxlaw-2791	686	19	83	83	NUM
taxlaw-2791	686	20	based	base	VERB
taxlaw-2791	686	21	on	on	ADP
taxlaw-2791	686	22	the	the	DET
taxlaw-2791	686	23	partnership	partnership	NOUN
taxlaw-2791	686	24	tax	tax	NOUN
taxlaw-2791	686	25	bar	bar	NOUN
taxlaw-2791	686	26	’s	’s	PART
taxlaw-2791	686	27	recommendations	recommendation	NOUN
taxlaw-2791	686	28	.	.	PUNCT
taxlaw-2791	687	1	while	while	SCONJ
taxlaw-2791	687	2	the	the	DET
taxlaw-2791	687	3	proposed	propose	VERB
taxlaw-2791	687	4	amendment	amendment	NOUN
taxlaw-2791	687	5	may	may	AUX
taxlaw-2791	687	6	be	be	AUX
taxlaw-2791	687	7	portrayed	portray	VERB
taxlaw-2791	687	8	as	as	ADP
taxlaw-2791	687	9	merely	merely	ADV
taxlaw-2791	687	10	codifying	codify	VERB
taxlaw-2791	687	11	the	the	DET
taxlaw-2791	687	12	service	service	NOUN
taxlaw-2791	687	13	’s	’s	PART
taxlaw-2791	687	14	prior	prior	ADJ
taxlaw-2791	687	15	administrative	administrative	ADJ
taxlaw-2791	687	16	guidance	guidance	NOUN
taxlaw-2791	687	17	,	,	PUNCT
taxlaw-2791	687	18	it	it	PRON
taxlaw-2791	687	19	overrides	override	VERB
taxlaw-2791	687	20	general	general	ADJ
taxlaw-2791	687	21	§	§	PROPN
taxlaw-2791	687	22	83	83	NUM
taxlaw-2791	687	23	principles	principle	NOUN
taxlaw-2791	687	24	applicable	applicable	ADJ
taxlaw-2791	687	25	to	to	ADP
taxlaw-2791	687	26	all	all	DET
taxlaw-2791	687	27	other	other	ADJ
taxlaw-2791	687	28	transfers	transfer	NOUN
taxlaw-2791	687	29	of	of	ADP
taxlaw-2791	687	30	property	property	NOUN
taxlaw-2791	687	31	for	for	ADP
taxlaw-2791	687	32	services	service	NOUN
taxlaw-2791	687	33	.	.	PUNCT
taxlaw-2791	688	1	if	if	SCONJ
taxlaw-2791	688	2	the	the	DET
taxlaw-2791	688	3	service	service	NOUN
taxlaw-2791	688	4	’s	’s	PART
taxlaw-2791	688	5	prior	prior	ADJ
taxlaw-2791	688	6	administrative	administrative	ADJ
taxlaw-2791	688	7	guidance	guidance	NOUN
taxlaw-2791	688	8	was	be	AUX
taxlaw-2791	688	9	excessively	excessively	ADV
taxlaw-2791	688	10	lenient	lenient	ADJ
taxlaw-2791	688	11	and	and	CCONJ
taxlaw-2791	688	12	arguably	arguably	ADV
taxlaw-2791	688	13	helped	help	VERB
taxlaw-2791	688	14	to	to	PART
taxlaw-2791	688	15	give	give	VERB
taxlaw-2791	688	16	rise	rise	NOUN
taxlaw-2791	688	17	to	to	ADP
taxlaw-2791	688	18	the	the	DET
taxlaw-2791	688	19	carried	carry	VERB
taxlaw-2791	688	20	interest	interest	NOUN
taxlaw-2791	688	21	problem	problem	NOUN
taxlaw-2791	688	22	,	,	PUNCT
taxlaw-2791	688	23	the	the	DET
taxlaw-2791	688	24	solution	solution	NOUN
taxlaw-2791	688	25	should	should	AUX
taxlaw-2791	688	26	not	not	PART
taxlaw-2791	688	27	be	be	AUX
taxlaw-2791	688	28	to	to	PART
taxlaw-2791	688	29	codify	codify	VERB
taxlaw-2791	688	30	such	such	ADJ
taxlaw-2791	688	31	guidance	guidance	NOUN
taxlaw-2791	688	32	in	in	ADP
taxlaw-2791	688	33	the	the	DET
taxlaw-2791	688	34	guise	guise	NOUN
taxlaw-2791	688	35	of	of	ADP
taxlaw-2791	688	36	reform	reform	NOUN
taxlaw-2791	688	37	.	.	PUNCT
taxlaw-2791	689	1	allowing	allow	VERB
taxlaw-2791	689	2	easy	easy	ADJ
taxlaw-2791	689	3	access	access	NOUN
taxlaw-2791	689	4	to	to	ADP
taxlaw-2791	689	5	partnership	partnership	NOUN
taxlaw-2791	689	6	status	status	NOUN
taxlaw-2791	689	7	for	for	ADP
taxlaw-2791	689	8	profits	profit	NOUN
taxlaw-2791	689	9	holders	holder	NOUN
taxlaw-2791	689	10	who	who	PRON
taxlaw-2791	689	11	own	own	VERB
taxlaw-2791	689	12	option	option	NOUN
taxlaw-2791	689	13	-	-	PUNCT
taxlaw-2791	689	14	like	like	ADJ
taxlaw-2791	689	15	interests	interest	NOUN
taxlaw-2791	689	16	will	will	AUX
taxlaw-2791	689	17	only	only	ADV
taxlaw-2791	689	18	lead	lead	VERB
taxlaw-2791	689	19	to	to	ADP
taxlaw-2791	689	20	yet	yet	ADV
taxlaw-2791	689	21	more	more	ADV
taxlaw-2791	689	22	complicated	complicated	ADJ
taxlaw-2791	689	23	partnership	partnership	NOUN
taxlaw-2791	689	24	rules	rule	NOUN
taxlaw-2791	689	25	to	to	PART
taxlaw-2791	689	26	prevent	prevent	VERB
taxlaw-2791	689	27	abusive	abusive	ADJ
taxlaw-2791	689	28	trading	trading	NOUN
taxlaw-2791	689	29	of	of	ADP
taxlaw-2791	689	30	tax	tax	NOUN
taxlaw-2791	689	31	characteristics	characteristic	NOUN
taxlaw-2791	689	32	.	.	PUNCT
taxlaw-2791	690	1	such	such	ADJ
taxlaw-2791	690	2	complexity	complexity	NOUN
taxlaw-2791	690	3	will	will	AUX
taxlaw-2791	690	4	inevitably	inevitably	ADV
taxlaw-2791	690	5	spill	spill	VERB
taxlaw-2791	690	6	over	over	ADP
taxlaw-2791	690	7	into	into	ADP
taxlaw-2791	690	8	routine	routine	ADJ
taxlaw-2791	690	9	non	non	ADJ
taxlaw-2791	690	10	-	-	ADJ
taxlaw-2791	690	11	abusive	abusive	ADJ
taxlaw-2791	690	12	transactions	transaction	NOUN
taxlaw-2791	690	13	while	while	SCONJ
taxlaw-2791	690	14	rendering	render	VERB
taxlaw-2791	690	15	subchapter	subchapter	NOUN
taxlaw-2791	690	16	k	k	PROPN
taxlaw-2791	690	17	even	even	ADV
taxlaw-2791	690	18	more	more	ADV
taxlaw-2791	690	19	inaccessible	inaccessible	ADJ
taxlaw-2791	690	20	and	and	CCONJ
taxlaw-2791	690	21	opaque	opaque	NOUN
taxlaw-2791	690	22	except	except	SCONJ
taxlaw-2791	690	23	to	to	ADP
taxlaw-2791	690	24	highly	highly	ADV
taxlaw-2791	690	25	-	-	PUNCT
taxlaw-2791	690	26	skilled	skilled	ADJ
taxlaw-2791	690	27	partnership	partnership	NOUN
taxlaw-2791	690	28	tax	tax	NOUN
taxlaw-2791	690	29	specialists	specialist	NOUN
taxlaw-2791	690	30	who	who	PRON
taxlaw-2791	690	31	have	have	VERB
taxlaw-2791	690	32	the	the	DET
taxlaw-2791	690	33	ability	ability	NOUN
taxlaw-2791	690	34	to	to	PART
taxlaw-2791	690	35	exploit	exploit	VERB
taxlaw-2791	690	36	intricate	intricate	ADJ
taxlaw-2791	690	37	rules	rule	NOUN
taxlaw-2791	690	38	for	for	ADP
taxlaw-2791	690	39	the	the	DET
taxlaw-2791	690	40	benefit	benefit	NOUN
taxlaw-2791	690	41	of	of	ADP
taxlaw-2791	690	42	their	their	PRON
taxlaw-2791	690	43	clients	client	NOUN
taxlaw-2791	690	44	.	.	PUNCT
taxlaw-2791	691	1	safe	safe	ADJ
taxlaw-2791	691	2	harbor	harbor	NOUN
taxlaw-2791	691	3	treatment	treatment	NOUN
taxlaw-2791	691	4	for	for	ADP
taxlaw-2791	691	5	profits	profit	NOUN
taxlaw-2791	691	6	interests	interest	NOUN
taxlaw-2791	691	7	should	should	AUX
taxlaw-2791	691	8	be	be	AUX
taxlaw-2791	691	9	reserved	reserve	VERB
taxlaw-2791	691	10	for	for	ADP
taxlaw-2791	691	11	non	non	ADJ
taxlaw-2791	691	12	-	-	ADJ
taxlaw-2791	691	13	abusive	abusive	ADJ
taxlaw-2791	691	14	arrangements	arrangement	NOUN
taxlaw-2791	691	15	in	in	ADP
taxlaw-2791	691	16	which	which	PRON
taxlaw-2791	691	17	the	the	DET
taxlaw-2791	691	18	tax	tax	NOUN
taxlaw-2791	691	19	tensions	tension	NOUN
taxlaw-2791	691	20	between	between	ADP
taxlaw-2791	691	21	the	the	DET
taxlaw-2791	691	22	partners	partner	NOUN
taxlaw-2791	691	23	provide	provide	VERB
taxlaw-2791	691	24	an	an	DET
taxlaw-2791	691	25	adequate	adequate	ADJ
taxlaw-2791	691	26	safeguard	safeguard	NOUN
taxlaw-2791	691	27	against	against	ADP
taxlaw-2791	691	28	joint	joint	ADJ
taxlaw-2791	691	29	-	-	PUNCT
taxlaw-2791	691	30	tax	tax	NOUN
taxlaw-2791	691	31	minimization	minimization	NOUN
taxlaw-2791	691	32	.	.	PUNCT
taxlaw-2791	692	1	c.	c.	NOUN
taxlaw-2791	692	2	compensatory	compensatory	ADJ
taxlaw-2791	692	3	options	option	NOUN
taxlaw-2791	692	4	versus	versus	ADP
taxlaw-2791	692	5	profits	profit	NOUN
taxlaw-2791	692	6	interests	interest	NOUN
taxlaw-2791	692	7	because	because	SCONJ
taxlaw-2791	692	8	partnership	partnership	NOUN
taxlaw-2791	692	9	profits	profit	NOUN
taxlaw-2791	692	10	interests	interest	NOUN
taxlaw-2791	692	11	and	and	CCONJ
taxlaw-2791	692	12	options	option	NOUN
taxlaw-2791	692	13	are	be	AUX
taxlaw-2791	692	14	often	often	ADV
taxlaw-2791	692	15	close	close	ADJ
taxlaw-2791	692	16	economic	economic	ADJ
taxlaw-2791	692	17	substitutes	substitute	NOUN
taxlaw-2791	692	18	,	,	PUNCT
taxlaw-2791	692	19	it	it	PRON
taxlaw-2791	692	20	is	be	AUX
taxlaw-2791	692	21	useful	useful	ADJ
taxlaw-2791	692	22	to	to	PART
taxlaw-2791	692	23	consider	consider	VERB
taxlaw-2791	692	24	how	how	SCONJ
taxlaw-2791	692	25	§	§	PROPN
taxlaw-2791	692	26	710	710	NUM
taxlaw-2791	692	27	might	might	AUX
taxlaw-2791	692	28	affect	affect	VERB
taxlaw-2791	692	29	the	the	DET
taxlaw-2791	692	30	choice	choice	NOUN
taxlaw-2791	692	31	between	between	ADP
taxlaw-2791	692	32	these	these	DET
taxlaw-2791	692	33	alternative	alternative	ADJ
taxlaw-2791	692	34	forms	form	NOUN
taxlaw-2791	692	35	of	of	ADP
taxlaw-2791	692	36	compensation	compensation	NOUN
taxlaw-2791	692	37	.	.	PUNCT
taxlaw-2791	693	1	under	under	ADP
taxlaw-2791	693	2	current	current	ADJ
taxlaw-2791	693	3	law	law	NOUN
taxlaw-2791	693	4	,	,	PUNCT
taxlaw-2791	693	5	profits	profit	NOUN
taxlaw-2791	693	6	interests	interest	NOUN
taxlaw-2791	693	7	are	be	AUX
taxlaw-2791	693	8	typically	typically	ADV
taxlaw-2791	693	9	viewed	view	VERB
taxlaw-2791	693	10	as	as	ADP
taxlaw-2791	693	11	more	more	ADJ
taxlaw-2791	693	12	tax	tax	NOUN
taxlaw-2791	693	13	efficient	efficient	ADJ
taxlaw-2791	693	14	than	than	ADP
taxlaw-2791	693	15	compensatory	compensatory	ADJ
taxlaw-2791	693	16	partnership	partnership	NOUN
taxlaw-2791	693	17	options.120	options.120	PROPN
taxlaw-2791	693	18	even	even	ADV
taxlaw-2791	693	19	though	though	SCONJ
taxlaw-2791	693	20	the	the	DET
taxlaw-2791	693	21	profits	profit	NOUN
taxlaw-2791	693	22	holder	holder	NOUN
taxlaw-2791	693	23	is	be	AUX
taxlaw-2791	693	24	taxed	tax	VERB
taxlaw-2791	693	25	currently	currently	ADV
taxlaw-2791	693	26	on	on	ADP
taxlaw-2791	693	27	his	his	PRON
taxlaw-2791	693	28	share	share	NOUN
taxlaw-2791	693	29	of	of	ADP
taxlaw-2791	693	30	partnership	partnership	NOUN
taxlaw-2791	693	31	income	income	NOUN
taxlaw-2791	693	32	,	,	PUNCT
taxlaw-2791	693	33	the	the	DET
taxlaw-2791	693	34	character	character	NOUN
taxlaw-2791	693	35	of	of	ADP
taxlaw-2791	693	36	the	the	DET
taxlaw-2791	693	37	income	income	NOUN
taxlaw-2791	693	38	may	may	AUX
taxlaw-2791	693	39	be	be	AUX
taxlaw-2791	693	40	capital	capital	NOUN
taxlaw-2791	693	41	rather	rather	ADV
taxlaw-2791	693	42	than	than	ADP
taxlaw-2791	693	43	ordinary	ordinary	ADJ
taxlaw-2791	693	44	.	.	PUNCT
taxlaw-2791	694	1	by	by	ADP
taxlaw-2791	694	2	contrast	contrast	NOUN
taxlaw-2791	694	3	,	,	PUNCT
taxlaw-2791	694	4	the	the	DET
taxlaw-2791	694	5	option	option	NOUN
taxlaw-2791	694	6	holder	holder	NOUN
taxlaw-2791	694	7	defers	defer	VERB
taxlaw-2791	694	8	taxation	taxation	NOUN
taxlaw-2791	694	9	until	until	ADP
taxlaw-2791	694	10	exercise	exercise	NOUN
taxlaw-2791	694	11	of	of	ADP
taxlaw-2791	694	12	the	the	DET
taxlaw-2791	694	13	option	option	NOUN
taxlaw-2791	694	14	but	but	CCONJ
taxlaw-2791	694	15	is	be	AUX
taxlaw-2791	694	16	taxed	tax	VERB
taxlaw-2791	694	17	entirely	entirely	ADV
taxlaw-2791	694	18	on	on	ADP
taxlaw-2791	694	19	ordinary	ordinary	ADJ
taxlaw-2791	694	20	income	income	NOUN
taxlaw-2791	694	21	at	at	ADP
taxlaw-2791	694	22	the	the	DET
taxlaw-2791	694	23	time	time	NOUN
taxlaw-2791	694	24	of	of	ADP
taxlaw-2791	694	25	exercise	exercise	NOUN
taxlaw-2791	694	26	.	.	PUNCT
taxlaw-2791	695	1	if	if	SCONJ
taxlaw-2791	695	2	§	§	PROPN
taxlaw-2791	695	3	710	710	NUM
taxlaw-2791	695	4	operates	operate	VERB
taxlaw-2791	695	5	as	as	SCONJ
taxlaw-2791	695	6	intended	intend	VERB
taxlaw-2791	695	7	,	,	PUNCT
taxlaw-2791	695	8	however	however	ADV
taxlaw-2791	695	9	,	,	PUNCT
taxlaw-2791	695	10	it	it	PRON
taxlaw-2791	695	11	would	would	AUX
taxlaw-2791	695	12	eliminate	eliminate	VERB
taxlaw-2791	695	13	the	the	DET
taxlaw-2791	695	14	profit	profit	NOUN
taxlaw-2791	695	15	holder	holder	NOUN
taxlaw-2791	695	16	’s	’s	PART
taxlaw-2791	695	17	benefit	benefit	NOUN
taxlaw-2791	695	18	of	of	ADP
taxlaw-2791	695	19	capital	capital	NOUN
taxlaw-2791	695	20	-	-	PUNCT
taxlaw-2791	695	21	gain	gain	NOUN
taxlaw-2791	695	22	conversion	conversion	NOUN
taxlaw-2791	695	23	,	,	PUNCT
taxlaw-2791	695	24	without	without	ADP
taxlaw-2791	695	25	altering	alter	VERB
taxlaw-2791	695	26	the	the	DET
taxlaw-2791	695	27	timing	timing	NOUN
taxlaw-2791	695	28	of	of	ADP
taxlaw-2791	695	29	income	income	NOUN
taxlaw-2791	695	30	recognition	recognition	NOUN
taxlaw-2791	695	31	.	.	PUNCT
taxlaw-2791	696	1	section	section	NOUN
taxlaw-2791	696	2	710	710	NUM
taxlaw-2791	696	3	would	would	AUX
taxlaw-2791	696	4	thus	thus	ADV
taxlaw-2791	696	5	dramatically	dramatically	ADV
taxlaw-2791	696	6	alter	alter	VERB
taxlaw-2791	696	7	the	the	DET
taxlaw-2791	696	8	relative	relative	ADJ
taxlaw-2791	696	9	tax	tax	NOUN
taxlaw-2791	696	10	efficiency	efficiency	NOUN
taxlaw-2791	696	11	of	of	ADP
taxlaw-2791	696	12	these	these	DET
taxlaw-2791	696	13	alternative	alternative	ADJ
taxlaw-2791	696	14	forms	form	NOUN
taxlaw-2791	696	15	of	of	ADP
taxlaw-2791	696	16	compensation.121	compensation.121	NOUN
taxlaw-2791	696	17	a	a	DET
taxlaw-2791	696	18	profits	profit	NOUN
taxlaw-2791	696	19	holder	holder	NOUN
taxlaw-2791	696	20	would	would	AUX
taxlaw-2791	696	21	be	be	AUX
taxlaw-2791	696	22	taxed	tax	VERB
taxlaw-2791	696	23	sooner	soon	ADV
taxlaw-2791	696	24	than	than	ADP
taxlaw-2791	696	25	an	an	DET
taxlaw-2791	696	26	option	option	NOUN
taxlaw-2791	696	27	119	119	NUM
taxlaw-2791	696	28	.	.	PUNCT
taxlaw-2791	697	1	see	see	VERB
taxlaw-2791	697	2	treas	treas	PROPN
taxlaw-2791	697	3	.	.	PUNCT
taxlaw-2791	698	1	reg	reg	PROPN
taxlaw-2791	698	2	.	.	PUNCT
taxlaw-2791	699	1	§	§	PROPN
taxlaw-2791	699	2	§	§	ADJ
taxlaw-2791	699	3	301.7701	301.7701	NUM
taxlaw-2791	699	4	-	-	SYM
taxlaw-2791	699	5	2	2	NUM
taxlaw-2791	699	6	(	(	PUNCT
taxlaw-2791	699	7	as	as	SCONJ
taxlaw-2791	699	8	amended	amend	VERB
taxlaw-2791	699	9	in	in	ADP
taxlaw-2791	699	10	2009	2009	NUM
taxlaw-2791	699	11	)	)	PUNCT
taxlaw-2791	699	12	,	,	PUNCT
taxlaw-2791	699	13	301.7701	301.7701	NUM
taxlaw-2791	699	14	-	-	SYM
taxlaw-2791	699	15	3	3	NUM
taxlaw-2791	699	16	(	(	PUNCT
taxlaw-2791	699	17	as	as	SCONJ
taxlaw-2791	699	18	amended	amend	VERB
taxlaw-2791	699	19	in	in	ADP
taxlaw-2791	699	20	2007	2007	NUM
taxlaw-2791	699	21	)	)	PUNCT
taxlaw-2791	699	22	(	(	PUNCT
taxlaw-2791	699	23	elective	elective	ADJ
taxlaw-2791	699	24	classification	classification	NOUN
taxlaw-2791	699	25	of	of	ADP
taxlaw-2791	699	26	eligible	eligible	ADJ
taxlaw-2791	699	27	business	business	NOUN
taxlaw-2791	699	28	entities	entity	NOUN
taxlaw-2791	699	29	as	as	ADP
taxlaw-2791	699	30	corporations	corporation	NOUN
taxlaw-2791	699	31	or	or	CCONJ
taxlaw-2791	699	32	partnerships	partnership	NOUN
taxlaw-2791	699	33	)	)	PUNCT
taxlaw-2791	699	34	.	.	PUNCT
taxlaw-2791	700	1	120	120	NUM
taxlaw-2791	700	2	.	.	PUNCT
taxlaw-2791	700	3	see	see	VERB
taxlaw-2791	700	4	generally	generally	ADV
taxlaw-2791	700	5	james	james	PROPN
taxlaw-2791	700	6	sowell	sowell	PROPN
taxlaw-2791	700	7	,	,	PUNCT
taxlaw-2791	700	8	partners	partner	NOUN
taxlaw-2791	700	9	as	as	ADP
taxlaw-2791	700	10	employees	employee	NOUN
taxlaw-2791	700	11	:	:	PUNCT
taxlaw-2791	700	12	a	a	DET
taxlaw-2791	700	13	proposal	proposal	NOUN
taxlaw-2791	700	14	for	for	ADP
taxlaw-2791	700	15	analyzing	analyze	VERB
taxlaw-2791	700	16	partner	partner	NOUN
taxlaw-2791	700	17	compensation	compensation	NOUN
taxlaw-2791	700	18	,	,	PUNCT
taxlaw-2791	700	19	90	90	NUM
taxlaw-2791	700	20	tax	tax	NOUN
taxlaw-2791	700	21	notes	note	NOUN
taxlaw-2791	700	22	375	375	NUM
taxlaw-2791	700	23	(	(	PUNCT
taxlaw-2791	700	24	2001	2001	NUM
taxlaw-2791	700	25	)	)	PUNCT
taxlaw-2791	700	26	(	(	PUNCT
taxlaw-2791	700	27	discussing	discuss	VERB
taxlaw-2791	700	28	use	use	NOUN
taxlaw-2791	700	29	of	of	ADP
taxlaw-2791	700	30	options	option	NOUN
taxlaw-2791	700	31	to	to	PART
taxlaw-2791	700	32	ensure	ensure	VERB
taxlaw-2791	700	33	employee	employee	NOUN
taxlaw-2791	700	34	status	status	NOUN
taxlaw-2791	700	35	)	)	PUNCT
taxlaw-2791	700	36	.	.	PUNCT
taxlaw-2791	701	1	121	121	NUM
taxlaw-2791	701	2	.	.	PUNCT
taxlaw-2791	701	3	proposed	propose	VERB
taxlaw-2791	701	4	§	§	PROPN
taxlaw-2791	701	5	710	710	NUM
taxlaw-2791	701	6	apparently	apparently	ADV
taxlaw-2791	701	7	does	do	AUX
taxlaw-2791	701	8	not	not	PART
taxlaw-2791	701	9	apply	apply	VERB
taxlaw-2791	701	10	to	to	ADP
taxlaw-2791	701	11	a	a	DET
taxlaw-2791	701	12	compensatory	compensatory	ADJ
taxlaw-2791	701	13	option	option	NOUN
taxlaw-2791	701	14	to	to	PART
taxlaw-2791	701	15	acquire	acquire	VERB
taxlaw-2791	701	16	a	a	DET
taxlaw-2791	701	17	partnership	partnership	NOUN
taxlaw-2791	701	18	interest	interest	NOUN
taxlaw-2791	701	19	.	.	PUNCT
taxlaw-2791	702	1	see	see	VERB
taxlaw-2791	702	2	prop	prop	NOUN
taxlaw-2791	702	3	.	.	PUNCT
taxlaw-2791	703	1	§	§	PROPN
taxlaw-2791	703	2	710(d	710(d	PROPN
taxlaw-2791	703	3	)	)	PUNCT
taxlaw-2791	703	4	(	(	PUNCT
taxlaw-2791	703	5	disqualified	disqualify	VERB
taxlaw-2791	703	6	interests	interest	NOUN
taxlaw-2791	703	7	)	)	PUNCT
taxlaw-2791	703	8	;	;	PUNCT
taxlaw-2791	703	9	schler	schler	NOUN
taxlaw-2791	703	10	,	,	PUNCT
taxlaw-2791	703	11	supra	supra	PROPN
taxlaw-2791	703	12	note	note	NOUN
taxlaw-2791	703	13	13	13	NUM
taxlaw-2791	703	14	,	,	PUNCT
taxlaw-2791	703	15	at	at	ADP
taxlaw-2791	703	16	852	852	NUM
taxlaw-2791	703	17	2010	2010	NUM
taxlaw-2791	703	18	]	]	PUNCT
taxlaw-2791	703	19	the	the	DET
taxlaw-2791	703	20	sou	sou	PROPN
taxlaw-2791	703	21	�	�	PROPN
taxlaw-2791	703	22	d	d	PROPN
taxlaw-2791	703	23	a	a	DET
taxlaw-2791	703	24	�	�	PROPN
taxlaw-2791	703	25	d	d	NOUN
taxlaw-2791	703	26	fury	fury	NOUN
taxlaw-2791	703	27	of	of	ADP
taxlaw-2791	703	28	carried	carry	VERB
taxlaw-2791	704	1	i	i	PRON
taxlaw-2791	704	2	�	�	VERB
taxlaw-2791	704	3	terest	ter	ADJ
taxlaw-2791	704	4	reform	reform	NOUN
taxlaw-2791	704	5	31	31	NUM
taxlaw-2791	704	6	holder	holder	NOUN
taxlaw-2791	704	7	but	but	CCONJ
taxlaw-2791	704	8	would	would	AUX
taxlaw-2791	704	9	no	no	ADV
taxlaw-2791	704	10	longer	long	ADV
taxlaw-2791	704	11	enjoy	enjoy	VERB
taxlaw-2791	704	12	any	any	DET
taxlaw-2791	704	13	conversion	conversion	NOUN
taxlaw-2791	704	14	benefit	benefit	NOUN
taxlaw-2791	704	15	.	.	PUNCT
taxlaw-2791	705	1	an	an	DET
taxlaw-2791	705	2	option	option	NOUN
taxlaw-2791	705	3	should	should	AUX
taxlaw-2791	705	4	thus	thus	ADV
taxlaw-2791	705	5	prove	prove	VERB
taxlaw-2791	705	6	relatively	relatively	ADV
taxlaw-2791	705	7	more	more	ADJ
taxlaw-2791	705	8	tax	tax	NOUN
taxlaw-2791	705	9	-	-	PUNCT
taxlaw-2791	705	10	efficient	efficient	ADJ
taxlaw-2791	705	11	than	than	ADP
taxlaw-2791	705	12	a	a	DET
taxlaw-2791	705	13	profits	profit	NOUN
taxlaw-2791	705	14	interest	interest	NOUN
taxlaw-2791	705	15	,	,	PUNCT
taxlaw-2791	705	16	since	since	SCONJ
taxlaw-2791	705	17	the	the	DET
taxlaw-2791	705	18	service	service	NOUN
taxlaw-2791	705	19	provider	provider	NOUN
taxlaw-2791	705	20	would	would	AUX
taxlaw-2791	705	21	defer	defer	VERB
taxlaw-2791	705	22	recognition	recognition	NOUN
taxlaw-2791	705	23	of	of	ADP
taxlaw-2791	705	24	ordinary	ordinary	ADJ
taxlaw-2791	705	25	income	income	NOUN
taxlaw-2791	705	26	until	until	SCONJ
taxlaw-2791	705	27	exercise	exercise	NOUN
taxlaw-2791	705	28	of	of	ADP
taxlaw-2791	705	29	the	the	DET
taxlaw-2791	705	30	option	option	NOUN
taxlaw-2791	705	31	and	and	CCONJ
taxlaw-2791	705	32	all	all	DET
taxlaw-2791	705	33	interim	interim	ADJ
taxlaw-2791	705	34	investment	investment	NOUN
taxlaw-2791	705	35	return	return	NOUN
taxlaw-2791	705	36	would	would	AUX
taxlaw-2791	705	37	be	be	AUX
taxlaw-2791	705	38	taxed	tax	VERB
taxlaw-2791	705	39	solely	solely	ADV
taxlaw-2791	705	40	at	at	ADP
taxlaw-2791	705	41	lp	lp	NOUN
taxlaw-2791	705	42	’s	’s	PART
taxlaw-2791	705	43	zero	zero	NUM
taxlaw-2791	705	44	rate.122	rate.122	NOUN
taxlaw-2791	705	45	sensibly	sensibly	ADV
taxlaw-2791	705	46	,	,	PUNCT
taxlaw-2791	705	47	the	the	DET
taxlaw-2791	705	48	parties	party	NOUN
taxlaw-2791	705	49	should	should	AUX
taxlaw-2791	705	50	opt	opt	VERB
taxlaw-2791	705	51	out	out	ADP
taxlaw-2791	705	52	of	of	ADP
taxlaw-2791	705	53	§	§	PROPN
taxlaw-2791	705	54	710	710	NUM
taxlaw-2791	705	55	if	if	SCONJ
taxlaw-2791	705	56	option	option	NOUN
taxlaw-2791	705	57	treatment	treatment	NOUN
taxlaw-2791	705	58	produces	produce	VERB
taxlaw-2791	705	59	a	a	DET
taxlaw-2791	705	60	better	well	ADJ
taxlaw-2791	705	61	joint	joint	ADJ
taxlaw-2791	705	62	-	-	PUNCT
taxlaw-2791	705	63	tax	tax	NOUN
taxlaw-2791	705	64	result	result	NOUN
taxlaw-2791	705	65	.	.	PUNCT
taxlaw-2791	706	1	example	example	NOUN
taxlaw-2791	706	2	(	(	PUNCT
taxlaw-2791	706	3	3)—european	3)—european	NUM
taxlaw-2791	706	4	option	option	NOUN
taxlaw-2791	706	5	alternative	alternative	NOUN
taxlaw-2791	706	6	.	.	PUNCT
taxlaw-2791	707	1	building	build	VERB
taxlaw-2791	707	2	on	on	ADP
taxlaw-2791	707	3	the	the	DET
taxlaw-2791	707	4	same	same	ADJ
taxlaw-2791	707	5	facts	fact	NOUN
taxlaw-2791	707	6	in	in	ADP
taxlaw-2791	707	7	example	example	NOUN
taxlaw-2791	707	8	(	(	PUNCT
taxlaw-2791	707	9	1	1	NUM
taxlaw-2791	707	10	)	)	PUNCT
taxlaw-2791	707	11	,	,	PUNCT
taxlaw-2791	707	12	assume	assume	VERB
taxlaw-2791	707	13	that	that	SCONJ
taxlaw-2791	707	14	gp	gp	NOUN
taxlaw-2791	707	15	’s	’s	PART
taxlaw-2791	707	16	profits	profit	NOUN
taxlaw-2791	707	17	interest	interest	NOUN
taxlaw-2791	707	18	is	be	AUX
taxlaw-2791	707	19	restructured	restructure	VERB
taxlaw-2791	707	20	as	as	ADP
taxlaw-2791	707	21	a	a	DET
taxlaw-2791	707	22	european	european	ADJ
taxlaw-2791	707	23	option	option	NOUN
taxlaw-2791	707	24	exercisable	exercisable	ADJ
taxlaw-2791	707	25	immediately	immediately	ADV
taxlaw-2791	707	26	prior	prior	ADV
taxlaw-2791	707	27	to	to	ADP
taxlaw-2791	707	28	liquidation	liquidation	NOUN
taxlaw-2791	707	29	of	of	ADP
taxlaw-2791	707	30	p.	p.	NOUN
taxlaw-2791	707	31	the	the	DET
taxlaw-2791	707	32	receipt	receipt	NOUN
taxlaw-2791	707	33	of	of	ADP
taxlaw-2791	707	34	the	the	DET
taxlaw-2791	707	35	option	option	NOUN
taxlaw-2791	707	36	is	be	AUX
taxlaw-2791	707	37	tax	tax	NOUN
taxlaw-2791	707	38	free	free	ADJ
taxlaw-2791	707	39	,	,	PUNCT
taxlaw-2791	707	40	since	since	SCONJ
taxlaw-2791	707	41	the	the	DET
taxlaw-2791	707	42	option	option	NOUN
taxlaw-2791	707	43	lacks	lack	VERB
taxlaw-2791	707	44	a	a	DET
taxlaw-2791	707	45	readily	readily	ADV
taxlaw-2791	707	46	ascertainable	ascertainable	ADJ
taxlaw-2791	707	47	fair	fair	ADJ
taxlaw-2791	707	48	market	market	NOUN
taxlaw-2791	707	49	value.123	value.123	NOUN
taxlaw-2791	707	50	under	under	ADP
taxlaw-2791	707	51	current	current	ADJ
taxlaw-2791	707	52	law	law	NOUN
taxlaw-2791	707	53	,	,	PUNCT
taxlaw-2791	707	54	tax	tax	NOUN
taxlaw-2791	707	55	-	-	PUNCT
taxlaw-2791	707	56	exempt	exempt	ADJ
taxlaw-2791	707	57	lp	lp	NOUN
taxlaw-2791	707	58	is	be	AUX
taxlaw-2791	707	59	taxed	tax	VERB
taxlaw-2791	707	60	on	on	ADP
taxlaw-2791	707	61	p	p	X
taxlaw-2791	707	62	’s	’s	NOUN
taxlaw-2791	707	63	entire	entire	ADJ
taxlaw-2791	707	64	gain	gain	NOUN
taxlaw-2791	707	65	of	of	ADP
taxlaw-2791	707	66	$	$	SYM
taxlaw-2791	707	67	5	5	NUM
taxlaw-2791	707	68	million	million	NUM
taxlaw-2791	707	69	realized	realize	VERB
taxlaw-2791	707	70	prior	prior	ADV
taxlaw-2791	707	71	to	to	ADP
taxlaw-2791	707	72	exercise	exercise	NOUN
taxlaw-2791	707	73	of	of	ADP
taxlaw-2791	707	74	the	the	DET
taxlaw-2791	707	75	option	option	NOUN
taxlaw-2791	707	76	,	,	PUNCT
taxlaw-2791	707	77	since	since	SCONJ
taxlaw-2791	707	78	gp	gp	NOUN
taxlaw-2791	707	79	is	be	AUX
taxlaw-2791	707	80	not	not	PART
taxlaw-2791	707	81	treated	treat	VERB
taxlaw-2791	707	82	as	as	ADP
taxlaw-2791	707	83	a	a	DET
taxlaw-2791	707	84	partner	partner	NOUN
taxlaw-2791	707	85	.	.	PUNCT
taxlaw-2791	708	1	upon	upon	SCONJ
taxlaw-2791	708	2	exercise	exercise	NOUN
taxlaw-2791	708	3	of	of	ADP
taxlaw-2791	708	4	the	the	DET
taxlaw-2791	708	5	option	option	NOUN
taxlaw-2791	708	6	,	,	PUNCT
taxlaw-2791	708	7	gp	gp	NOUN
taxlaw-2791	708	8	recognizes	recognize	VERB
taxlaw-2791	708	9	ordinary	ordinary	ADJ
taxlaw-2791	708	10	income	income	NOUN
taxlaw-2791	708	11	of	of	ADP
taxlaw-2791	708	12	$	$	SYM
taxlaw-2791	708	13	1	1	NUM
taxlaw-2791	708	14	million	million	NUM
taxlaw-2791	708	15	(	(	PUNCT
taxlaw-2791	708	16	the	the	DET
taxlaw-2791	708	17	liquidation	liquidation	NOUN
taxlaw-2791	708	18	value	value	NOUN
taxlaw-2791	708	19	of	of	ADP
taxlaw-2791	708	20	gp	gp	NOUN
taxlaw-2791	708	21	’s	’s	PART
taxlaw-2791	708	22	acquired	acquire	VERB
taxlaw-2791	708	23	capital	capital	NOUN
taxlaw-2791	708	24	interest	interest	NOUN
taxlaw-2791	708	25	)	)	PUNCT
taxlaw-2791	708	26	and	and	CCONJ
taxlaw-2791	708	27	lp	lp	NOUN
taxlaw-2791	708	28	receives	receive	VERB
taxlaw-2791	708	29	a	a	DET
taxlaw-2791	708	30	worthless	worthless	ADJ
taxlaw-2791	708	31	ordinary	ordinary	ADJ
taxlaw-2791	708	32	income	income	NOUN
taxlaw-2791	708	33	deduction	deduction	NOUN
taxlaw-2791	708	34	(	(	PUNCT
taxlaw-2791	708	35	or	or	CCONJ
taxlaw-2791	708	36	offsetting	offset	VERB
taxlaw-2791	708	37	capital	capital	NOUN
taxlaw-2791	708	38	loss	loss	NOUN
taxlaw-2791	708	39	)	)	PUNCT
taxlaw-2791	708	40	to	to	PART
taxlaw-2791	708	41	reflect	reflect	VERB
taxlaw-2791	708	42	the	the	DET
taxlaw-2791	708	43	compensation	compensation	NOUN
taxlaw-2791	708	44	paid	pay	VERB
taxlaw-2791	708	45	to	to	PART
taxlaw-2791	708	46	gp.124	gp.124	VERB
taxlaw-2791	708	47	since	since	SCONJ
taxlaw-2791	708	48	lp	lp	ADV
taxlaw-2791	708	49	is	be	AUX
taxlaw-2791	708	50	tax	tax	NOUN
taxlaw-2791	708	51	exempt	exempt	ADJ
taxlaw-2791	708	52	,	,	PUNCT
taxlaw-2791	708	53	the	the	DET
taxlaw-2791	708	54	investment	investment	NOUN
taxlaw-2791	708	55	return	return	NOUN
taxlaw-2791	708	56	on	on	ADP
taxlaw-2791	708	57	p	p	X
taxlaw-2791	708	58	’s	’s	NOUN
taxlaw-2791	708	59	assets	asset	NOUN
taxlaw-2791	708	60	is	be	AUX
taxlaw-2791	708	61	entirely	entirely	ADV
taxlaw-2791	708	62	untaxed	untaxed	ADJ
taxlaw-2791	708	63	and	and	CCONJ
taxlaw-2791	708	64	gp	gp	NOUN
taxlaw-2791	708	65	defers	defer	VERB
taxlaw-2791	708	66	recognition	recognition	NOUN
taxlaw-2791	708	67	of	of	ADP
taxlaw-2791	708	68	ordinary	ordinary	ADJ
taxlaw-2791	708	69	income	income	NOUN
taxlaw-2791	708	70	until	until	ADP
taxlaw-2791	708	71	liquidation	liquidation	NOUN
taxlaw-2791	708	72	.	.	PUNCT
taxlaw-2791	709	1	from	from	ADP
taxlaw-2791	709	2	gp	gp	NOUN
taxlaw-2791	709	3	’s	’s	PART
taxlaw-2791	709	4	perspective	perspective	NOUN
taxlaw-2791	709	5	,	,	PUNCT
taxlaw-2791	709	6	a	a	DET
taxlaw-2791	709	7	compensatory	compensatory	ADJ
taxlaw-2791	709	8	option	option	NOUN
taxlaw-2791	709	9	is	be	AUX
taxlaw-2791	709	10	tax	tax	NOUN
taxlaw-2791	709	11	advantaged	advantaged	ADJ
taxlaw-2791	709	12	because	because	SCONJ
taxlaw-2791	709	13	it	it	PRON
taxlaw-2791	709	14	permits	permit	VERB
taxlaw-2791	709	15	deferral	deferral	ADV
taxlaw-2791	709	16	of	of	ADP
taxlaw-2791	709	17	the	the	DET
taxlaw-2791	709	18	tax	tax	NOUN
taxlaw-2791	709	19	(	(	PUNCT
taxlaw-2791	709	20	the	the	DET
taxlaw-2791	709	21	equivalent	equivalent	NOUN
taxlaw-2791	709	22	of	of	ADP
taxlaw-2791	709	23	yield	yield	NOUN
taxlaw-2791	709	24	exemption	exemption	NOUN
taxlaw-2791	709	25	)	)	PUNCT
taxlaw-2791	709	26	until	until	ADP
taxlaw-2791	709	27	exercise	exercise	NOUN
taxlaw-2791	709	28	of	of	ADP
taxlaw-2791	709	29	the	the	DET
taxlaw-2791	709	30	option.125	option.125	ADJ
taxlaw-2791	709	31	if	if	SCONJ
taxlaw-2791	709	32	gp	gp	PROPN
taxlaw-2791	709	33	instead	instead	ADV
taxlaw-2791	709	34	received	receive	VERB
taxlaw-2791	709	35	a	a	DET
taxlaw-2791	709	36	profits	profit	NOUN
taxlaw-2791	709	37	interest	interest	NOUN
taxlaw-2791	709	38	and	and	CCONJ
taxlaw-2791	709	39	were	be	AUX
taxlaw-2791	709	40	taxed	tax	VERB
taxlaw-2791	709	41	under	under	ADP
taxlaw-2791	709	42	§	§	PROPN
taxlaw-2791	709	43	710	710	NUM
taxlaw-2791	709	44	,	,	PUNCT
taxlaw-2791	709	45	gp	gp	NOUN
taxlaw-2791	709	46	would	would	AUX
taxlaw-2791	709	47	be	be	AUX
taxlaw-2791	709	48	taxed	tax	VERB
taxlaw-2791	709	49	on	on	ADP
taxlaw-2791	709	50	$	$	SYM
taxlaw-2791	709	51	1	1	NUM
taxlaw-2791	709	52	million	million	NUM
taxlaw-2791	709	53	of	of	ADP
taxlaw-2791	709	54	ordinary	ordinary	ADJ
taxlaw-2791	709	55	income	income	NOUN
taxlaw-2791	709	56	in	in	ADP
taxlaw-2791	709	57	year	year	NOUN
taxlaw-2791	709	58	2	2	NUM
taxlaw-2791	709	59	equal	equal	ADJ
taxlaw-2791	709	60	to	to	ADP
taxlaw-2791	709	61	gp	gp	VERB
taxlaw-2791	709	62	’s	’s	PART
taxlaw-2791	709	63	20	20	NUM
taxlaw-2791	709	64	%	%	NOUN
taxlaw-2791	709	65	share	share	NOUN
taxlaw-2791	709	66	of	of	ADP
taxlaw-2791	709	67	p	p	X
taxlaw-2791	709	68	’s	’s	X
taxlaw-2791	709	69	$	$	SYM
taxlaw-2791	709	70	5	5	NUM
taxlaw-2791	709	71	million	million	NUM
taxlaw-2791	709	72	of	of	ADP
taxlaw-2791	709	73	gain	gain	NOUN
taxlaw-2791	709	74	.	.	PUNCT
taxlaw-2791	710	1	thus	thus	ADV
taxlaw-2791	710	2	,	,	PUNCT
taxlaw-2791	710	3	profits	profit	NOUN
taxlaw-2791	710	4	treatment	treatment	NOUN
taxlaw-2791	710	5	would	would	AUX
taxlaw-2791	710	6	accelerate	accelerate	VERB
taxlaw-2791	710	7	the	the	DET
taxlaw-2791	710	8	ordinary	ordinary	ADJ
taxlaw-2791	710	9	income	income	NOUN
taxlaw-2791	710	10	tax	tax	NOUN
taxlaw-2791	710	11	on	on	ADP
taxlaw-2791	710	12	gp	gp	NOUN
taxlaw-2791	710	13	’s	’s	PART
taxlaw-2791	710	14	compensation	compensation	NOUN
taxlaw-2791	710	15	even	even	ADV
taxlaw-2791	710	16	though	though	SCONJ
taxlaw-2791	710	17	gp	gp	NOUN
taxlaw-2791	710	18	’s	’s	PART
taxlaw-2791	710	19	carry	carry	NOUN
taxlaw-2791	710	20	is	be	AUX
taxlaw-2791	710	21	not	not	PART
taxlaw-2791	710	22	actually	actually	ADV
taxlaw-2791	710	23	earned	earn	VERB
taxlaw-2791	710	24	until	until	ADP
taxlaw-2791	710	25	year	year	NOUN
taxlaw-2791	710	26	5	5	NUM
taxlaw-2791	710	27	.	.	PUNCT
taxlaw-2791	711	1	if	if	SCONJ
taxlaw-2791	711	2	the	the	DET
taxlaw-2791	711	3	goal	goal	NOUN
taxlaw-2791	711	4	is	be	AUX
taxlaw-2791	711	5	to	to	PART
taxlaw-2791	711	6	minimize	minimize	VERB
taxlaw-2791	711	7	the	the	DET
taxlaw-2791	711	8	parties	party	NOUN
taxlaw-2791	711	9	’	’	PART
taxlaw-2791	711	10	joint	joint	ADJ
taxlaw-2791	711	11	-	-	PUNCT
taxlaw-2791	711	12	tax	tax	NOUN
taxlaw-2791	711	13	liability	liability	NOUN
taxlaw-2791	711	14	,	,	PUNCT
taxlaw-2791	711	15	the	the	DET
taxlaw-2791	711	16	most	most	ADV
taxlaw-2791	711	17	sensible	sensible	ADJ
taxlaw-2791	711	18	strategy	strategy	NOUN
taxlaw-2791	711	19	would	would	AUX
taxlaw-2791	711	20	be	be	AUX
taxlaw-2791	711	21	to	to	PART
taxlaw-2791	711	22	treat	treat	VERB
taxlaw-2791	711	23	gp	gp	NOUN
taxlaw-2791	711	24	as	as	ADP
taxlaw-2791	711	25	an	an	DET
taxlaw-2791	711	26	option	option	NOUN
taxlaw-2791	711	27	holder	holder	NOUN
taxlaw-2791	711	28	,	,	PUNCT
taxlaw-2791	711	29	so	so	SCONJ
taxlaw-2791	711	30	that	that	SCONJ
taxlaw-2791	711	31	all	all	DET
taxlaw-2791	711	32	investment	investment	NOUN
taxlaw-2791	711	33	return	return	NOUN
taxlaw-2791	711	34	is	be	AUX
taxlaw-2791	711	35	taxed	tax	VERB
taxlaw-2791	711	36	at	at	ADP
taxlaw-2791	711	37	lp	lp	NOUN
taxlaw-2791	711	38	’s	’s	PART
taxlaw-2791	711	39	zero	zero	NUM
taxlaw-2791	711	40	rate	rate	NOUN
taxlaw-2791	711	41	.	.	PUNCT
taxlaw-2791	712	1	stated	state	VERB
taxlaw-2791	712	2	differently	differently	ADV
taxlaw-2791	712	3	,	,	PUNCT
taxlaw-2791	712	4	structuring	structure	VERB
taxlaw-2791	712	5	gp	gp	NOUN
taxlaw-2791	712	6	’s	’s	PART
taxlaw-2791	712	7	compensation	compensation	NOUN
taxlaw-2791	712	8	as	as	ADP
taxlaw-2791	712	9	a	a	DET
taxlaw-2791	712	10	profits	profit	NOUN
taxlaw-2791	712	11	interest	interest	NOUN
taxlaw-2791	712	12	in	in	ADP
taxlaw-2791	712	13	example	example	NOUN
taxlaw-2791	712	14	(	(	PUNCT
taxlaw-2791	712	15	1	1	X
taxlaw-2791	712	16	)	)	PUNCT
taxlaw-2791	712	17	saves	save	VERB
taxlaw-2791	712	18	taxes	taxis	NOUN
taxlaw-2791	712	19	only	only	ADV
taxlaw-2791	712	20	because	because	SCONJ
taxlaw-2791	712	21	(	(	PUNCT
taxlaw-2791	712	22	noting	note	VERB
taxlaw-2791	712	23	confusion	confusion	NOUN
taxlaw-2791	712	24	concerning	concern	VERB
taxlaw-2791	712	25	application	application	NOUN
taxlaw-2791	712	26	of	of	ADP
taxlaw-2791	712	27	prop	prop	NOUN
taxlaw-2791	712	28	.	.	PUNCT
taxlaw-2791	713	1	§	§	PROPN
taxlaw-2791	713	2	710(d	710(d	PROPN
taxlaw-2791	713	3	)	)	PUNCT
taxlaw-2791	713	4	to	to	ADP
taxlaw-2791	713	5	options	option	NOUN
taxlaw-2791	713	6	to	to	PART
taxlaw-2791	713	7	acquire	acquire	VERB
taxlaw-2791	713	8	stock	stock	NOUN
taxlaw-2791	713	9	)	)	PUNCT
taxlaw-2791	713	10	.	.	PUNCT
taxlaw-2791	714	1	122	122	NUM
taxlaw-2791	714	2	.	.	PUNCT
taxlaw-2791	715	1	the	the	DET
taxlaw-2791	715	2	proposed	propose	VERB
taxlaw-2791	715	3	2005	2005	NUM
taxlaw-2791	715	4	regulations	regulation	NOUN
taxlaw-2791	715	5	request	request	VERB
taxlaw-2791	715	6	comments	comment	NOUN
taxlaw-2791	715	7	concerning	concern	VERB
taxlaw-2791	715	8	whether	whether	SCONJ
taxlaw-2791	715	9	an	an	DET
taxlaw-2791	715	10	antiabuse	antiabuse	ADJ
taxlaw-2791	715	11	rules	rule	NOUN
taxlaw-2791	715	12	is	be	AUX
taxlaw-2791	715	13	needed	need	VERB
taxlaw-2791	715	14	in	in	ADP
taxlaw-2791	715	15	such	such	ADJ
taxlaw-2791	715	16	circumstances	circumstance	NOUN
taxlaw-2791	715	17	.	.	PUNCT
taxlaw-2791	716	1	see	see	VERB
taxlaw-2791	716	2	reg-105	reg-105	NOUN
taxlaw-2791	716	3	-	-	PUNCT
taxlaw-2791	716	4	346	346	NUM
taxlaw-2791	716	5	-	-	PUNCT
taxlaw-2791	716	6	03	03	NUM
taxlaw-2791	716	7	,	,	PUNCT
taxlaw-2791	716	8	supra	supra	NOUN
taxlaw-2791	716	9	note	note	NOUN
taxlaw-2791	716	10	32	32	NUM
taxlaw-2791	716	11	,	,	PUNCT
taxlaw-2791	716	12	preamble	preamble	ADJ
taxlaw-2791	716	13	,	,	PUNCT
taxlaw-2791	716	14	§	§	PROPN
taxlaw-2791	716	15	1	1	NUM
taxlaw-2791	716	16	.	.	NUM
taxlaw-2791	716	17	123	123	NUM
taxlaw-2791	716	18	.	.	PUNCT
taxlaw-2791	717	1	see	see	VERB
taxlaw-2791	717	2	treas	treas	PROPN
taxlaw-2791	717	3	.	.	PUNCT
taxlaw-2791	718	1	reg	reg	PROPN
taxlaw-2791	718	2	.	.	PUNCT
taxlaw-2791	719	1	§	§	PROPN
taxlaw-2791	719	2	1.83	1.83	NUM
taxlaw-2791	719	3	-	-	PUNCT
taxlaw-2791	719	4	7(a	7(a	NUM
taxlaw-2791	719	5	)	)	PUNCT
taxlaw-2791	719	6	(	(	PUNCT
taxlaw-2791	719	7	as	as	SCONJ
taxlaw-2791	719	8	amended	amend	VERB
taxlaw-2791	719	9	in	in	ADP
taxlaw-2791	719	10	2004	2004	NUM
taxlaw-2791	719	11	)	)	PUNCT
taxlaw-2791	719	12	.	.	PUNCT
taxlaw-2791	720	1	124	124	NUM
taxlaw-2791	720	2	.	.	PUNCT
taxlaw-2791	721	1	lp	lp	NOUN
taxlaw-2791	721	2	’s	’s	PART
taxlaw-2791	721	3	basis	basis	NOUN
taxlaw-2791	721	4	is	be	AUX
taxlaw-2791	721	5	initially	initially	ADV
taxlaw-2791	721	6	increased	increase	VERB
taxlaw-2791	721	7	to	to	ADP
taxlaw-2791	721	8	$	$	SYM
taxlaw-2791	721	9	45	45	NUM
taxlaw-2791	721	10	million	million	NUM
taxlaw-2791	721	11	(	(	PUNCT
taxlaw-2791	721	12	$	$	SYM
taxlaw-2791	721	13	40	40	NUM
taxlaw-2791	721	14	million	million	NUM
taxlaw-2791	721	15	plus	plus	CCONJ
taxlaw-2791	721	16	$	$	SYM
taxlaw-2791	721	17	5	5	NUM
taxlaw-2791	721	18	million	million	NUM
taxlaw-2791	721	19	gain	gain	NOUN
taxlaw-2791	721	20	)	)	PUNCT
taxlaw-2791	721	21	;	;	PUNCT
taxlaw-2791	721	22	if	if	SCONJ
taxlaw-2791	721	23	the	the	DET
taxlaw-2791	721	24	expense	expense	NOUN
taxlaw-2791	721	25	were	be	AUX
taxlaw-2791	721	26	capitalized	capitalize	VERB
taxlaw-2791	721	27	,	,	PUNCT
taxlaw-2791	721	28	lp	lp	PRON
taxlaw-2791	721	29	would	would	AUX
taxlaw-2791	721	30	recognize	recognize	VERB
taxlaw-2791	721	31	a	a	DET
taxlaw-2791	721	32	$	$	SYM
taxlaw-2791	721	33	1	1	NUM
taxlaw-2791	721	34	million	million	NUM
taxlaw-2791	721	35	capital	capital	NOUN
taxlaw-2791	721	36	loss	loss	NOUN
taxlaw-2791	721	37	(	(	PUNCT
taxlaw-2791	721	38	$	$	SYM
taxlaw-2791	721	39	44	44	NUM
taxlaw-2791	721	40	million	million	NUM
taxlaw-2791	721	41	distribution	distribution	NOUN
taxlaw-2791	721	42	less	less	ADJ
taxlaw-2791	721	43	$	$	SYM
taxlaw-2791	721	44	45	45	NUM
taxlaw-2791	721	45	million	million	NUM
taxlaw-2791	721	46	basis	basis	NOUN
taxlaw-2791	721	47	)	)	PUNCT
taxlaw-2791	721	48	upon	upon	SCONJ
taxlaw-2791	721	49	liquidation	liquidation	NOUN
taxlaw-2791	721	50	.	.	PUNCT
taxlaw-2791	722	1	125	125	NUM
taxlaw-2791	722	2	.	.	PUNCT
taxlaw-2791	722	3	gp	gp	NOUN
taxlaw-2791	722	4	is	be	AUX
taxlaw-2791	722	5	treated	treat	VERB
taxlaw-2791	722	6	in	in	ADP
taxlaw-2791	722	7	the	the	DET
taxlaw-2791	722	8	same	same	ADJ
taxlaw-2791	722	9	manner	manner	NOUN
taxlaw-2791	722	10	as	as	ADP
taxlaw-2791	722	11	an	an	DET
taxlaw-2791	722	12	employee	employee	NOUN
taxlaw-2791	722	13	who	who	PRON
taxlaw-2791	722	14	receives	receive	VERB
taxlaw-2791	722	15	a	a	DET
taxlaw-2791	722	16	nonqualified	nonqualifie	VERB
taxlaw-2791	722	17	stock	stock	NOUN
taxlaw-2791	722	18	option	option	NOUN
taxlaw-2791	722	19	(	(	PUNCT
taxlaw-2791	722	20	nqso	nqso	NOUN
taxlaw-2791	722	21	)	)	PUNCT
taxlaw-2791	722	22	and	and	CCONJ
taxlaw-2791	722	23	defers	defer	VERB
taxlaw-2791	722	24	ordinary	ordinary	ADJ
taxlaw-2791	722	25	income	income	NOUN
taxlaw-2791	722	26	from	from	ADP
taxlaw-2791	722	27	grant	grant	NOUN
taxlaw-2791	722	28	until	until	ADP
taxlaw-2791	722	29	exercise	exercise	NOUN
taxlaw-2791	722	30	of	of	ADP
taxlaw-2791	722	31	an	an	DET
taxlaw-2791	722	32	option	option	NOUN
taxlaw-2791	722	33	.	.	PUNCT
taxlaw-2791	723	1	see	see	VERB
taxlaw-2791	723	2	walker	walker	PROPN
taxlaw-2791	723	3	,	,	PUNCT
taxlaw-2791	723	4	supra	supra	PROPN
taxlaw-2791	723	5	note	note	PROPN
taxlaw-2791	723	6	5	5	NUM
taxlaw-2791	723	7	,	,	PUNCT
taxlaw-2791	723	8	at	at	ADP
taxlaw-2791	723	9	711	711	NUM
taxlaw-2791	723	10	(	(	PUNCT
taxlaw-2791	723	11	positing	posit	VERB
taxlaw-2791	723	12	an	an	DET
taxlaw-2791	723	13	employee	employee	NOUN
taxlaw-2791	723	14	’s	’s	PART
taxlaw-2791	723	15	“	"	PUNCT
taxlaw-2791	723	16	hypothetical	hypothetical	ADJ
taxlaw-2791	723	17	outside	outside	ADJ
taxlaw-2791	723	18	investment	investment	NOUN
taxlaw-2791	723	19	in	in	ADP
taxlaw-2791	723	20	an	an	DET
taxlaw-2791	723	21	nqso	nqso	NOUN
taxlaw-2791	723	22	”	"	PUNCT
taxlaw-2791	723	23	and	and	CCONJ
taxlaw-2791	723	24	noting	note	VERB
taxlaw-2791	723	25	that	that	SCONJ
taxlaw-2791	723	26	“	"	PUNCT
taxlaw-2791	723	27	deferral	deferral	ADJ
taxlaw-2791	723	28	effectively	effectively	ADV
taxlaw-2791	723	29	eliminates	eliminate	VERB
taxlaw-2791	723	30	the	the	DET
taxlaw-2791	723	31	tax	tax	NOUN
taxlaw-2791	723	32	on	on	ADP
taxlaw-2791	723	33	the	the	DET
taxlaw-2791	723	34	outside	outside	ADJ
taxlaw-2791	723	35	investment	investment	NOUN
taxlaw-2791	723	36	return	return	NOUN
taxlaw-2791	723	37	”	"	PUNCT
taxlaw-2791	723	38	)	)	PUNCT
taxlaw-2791	723	39	.	.	PUNCT
taxlaw-2791	724	1	32	32	NUM
taxlaw-2791	724	2	columbia	columbia	PROPN
taxlaw-2791	724	3	jour	jour	PROPN
taxlaw-2791	724	4	�	�	PROPN
taxlaw-2791	724	5	al	al	PROPN
taxlaw-2791	724	6	of	of	ADP
taxlaw-2791	724	7	tax	tax	NOUN
taxlaw-2791	724	8	law	law	NOUN
taxlaw-2791	724	9	[	[	X
taxlaw-2791	724	10	vol	vol	NOUN
taxlaw-2791	724	11	.	.	PUNCT
taxlaw-2791	724	12	1:1	1:1	NUM
taxlaw-2791	725	1	it	it	PRON
taxlaw-2791	725	2	allows	allow	VERB
taxlaw-2791	725	3	conversion	conversion	NOUN
taxlaw-2791	725	4	of	of	ADP
taxlaw-2791	725	5	gp	gp	NOUN
taxlaw-2791	725	6	’s	’s	PART
taxlaw-2791	725	7	salary	salary	NOUN
taxlaw-2791	725	8	into	into	ADP
taxlaw-2791	725	9	capital	capital	NOUN
taxlaw-2791	725	10	gain	gain	NOUN
taxlaw-2791	725	11	.	.	PUNCT
taxlaw-2791	726	1	if	if	SCONJ
taxlaw-2791	726	2	conversion	conversion	NOUN
taxlaw-2791	726	3	is	be	AUX
taxlaw-2791	726	4	no	no	ADV
taxlaw-2791	726	5	longer	long	ADV
taxlaw-2791	726	6	possible	possible	ADJ
taxlaw-2791	726	7	under	under	ADP
taxlaw-2791	726	8	§	§	PROPN
taxlaw-2791	726	9	710	710	NUM
taxlaw-2791	726	10	,	,	PUNCT
taxlaw-2791	726	11	an	an	DET
taxlaw-2791	726	12	option	option	NOUN
taxlaw-2791	726	13	minimizes	minimize	VERB
taxlaw-2791	726	14	joint	joint	ADJ
taxlaw-2791	726	15	taxes	taxis	NOUN
taxlaw-2791	726	16	because	because	SCONJ
taxlaw-2791	726	17	it	it	PRON
taxlaw-2791	726	18	allows	allow	VERB
taxlaw-2791	726	19	yield	yield	NOUN
taxlaw-2791	726	20	exemption	exemption	NOUN
taxlaw-2791	726	21	and	and	CCONJ
taxlaw-2791	726	22	longer	long	ADJ
taxlaw-2791	726	23	deferral	deferral	ADJ
taxlaw-2791	726	24	.	.	PUNCT
taxlaw-2791	727	1	as	as	SCONJ
taxlaw-2791	727	2	illustrated	illustrate	VERB
taxlaw-2791	727	3	in	in	ADP
taxlaw-2791	727	4	example	example	NOUN
taxlaw-2791	727	5	(	(	PUNCT
taxlaw-2791	727	6	1	1	NUM
taxlaw-2791	727	7	)	)	PUNCT
taxlaw-2791	727	8	,	,	PUNCT
taxlaw-2791	727	9	current	current	ADJ
taxlaw-2791	727	10	-	-	PUNCT
taxlaw-2791	727	11	law	law	NOUN
taxlaw-2791	727	12	profits	profit	NOUN
taxlaw-2791	727	13	treatment	treatment	NOUN
taxlaw-2791	727	14	also	also	ADV
taxlaw-2791	727	15	allows	allow	VERB
taxlaw-2791	727	16	gp	gp	NOUN
taxlaw-2791	727	17	to	to	PART
taxlaw-2791	727	18	borrow	borrow	VERB
taxlaw-2791	727	19	interest	interest	NOUN
taxlaw-2791	727	20	-	-	PUNCT
taxlaw-2791	727	21	free	free	ADJ
taxlaw-2791	727	22	from	from	ADP
taxlaw-2791	727	23	lp	lp	NOUN
taxlaw-2791	727	24	,	,	PUNCT
taxlaw-2791	727	25	subject	subject	ADJ
taxlaw-2791	727	26	to	to	ADP
taxlaw-2791	727	27	a	a	DET
taxlaw-2791	727	28	potential	potential	ADJ
taxlaw-2791	727	29	clawback	clawback	NOUN
taxlaw-2791	727	30	of	of	ADP
taxlaw-2791	727	31	unearned	unearned	ADJ
taxlaw-2791	727	32	carry	carry	NOUN
taxlaw-2791	727	33	.	.	PUNCT
taxlaw-2791	728	1	in	in	ADP
taxlaw-2791	728	2	terms	term	NOUN
taxlaw-2791	728	3	of	of	ADP
taxlaw-2791	728	4	the	the	DET
taxlaw-2791	728	5	partners	partner	NOUN
taxlaw-2791	728	6	’	'	PUNCT
taxlaw-2791	728	7	economic	economic	ADJ
taxlaw-2791	728	8	arrangement	arrangement	NOUN
taxlaw-2791	728	9	,	,	PUNCT
taxlaw-2791	728	10	a	a	DET
taxlaw-2791	728	11	european	european	ADJ
taxlaw-2791	728	12	option	option	NOUN
taxlaw-2791	728	13	is	be	AUX
taxlaw-2791	728	14	not	not	PART
taxlaw-2791	728	15	economically	economically	ADV
taxlaw-2791	728	16	equivalent	equivalent	ADJ
taxlaw-2791	728	17	to	to	ADP
taxlaw-2791	728	18	a	a	DET
taxlaw-2791	728	19	profits	profit	NOUN
taxlaw-2791	728	20	interest	interest	NOUN
taxlaw-2791	728	21	unless	unless	SCONJ
taxlaw-2791	728	22	gp	gp	NOUN
taxlaw-2791	728	23	can	can	AUX
taxlaw-2791	728	24	borrow	borrow	VERB
taxlaw-2791	728	25	explicitly	explicitly	ADV
taxlaw-2791	728	26	(	(	PUNCT
taxlaw-2791	728	27	without	without	ADP
taxlaw-2791	728	28	interest	interest	NOUN
taxlaw-2791	728	29	)	)	PUNCT
taxlaw-2791	728	30	from	from	ADP
taxlaw-2791	728	31	lp	lp	NOUN
taxlaw-2791	728	32	to	to	PART
taxlaw-2791	728	33	replicate	replicate	VERB
taxlaw-2791	728	34	the	the	DET
taxlaw-2791	728	35	cashflow	cashflow	ADJ
taxlaw-2791	728	36	consequences	consequence	NOUN
taxlaw-2791	728	37	of	of	ADP
taxlaw-2791	728	38	early	early	ADJ
taxlaw-2791	728	39	distributions	distribution	NOUN
taxlaw-2791	728	40	.	.	PUNCT
taxlaw-2791	729	1	if	if	SCONJ
taxlaw-2791	729	2	gp	gp	NOUN
taxlaw-2791	729	3	borrows	borrow	VERB
taxlaw-2791	729	4	explicitly	explicitly	ADV
taxlaw-2791	729	5	from	from	ADP
taxlaw-2791	729	6	lp	lp	PROPN
taxlaw-2791	729	7	,	,	PUNCT
taxlaw-2791	729	8	the	the	DET
taxlaw-2791	729	9	“	"	PUNCT
taxlaw-2791	729	10	loan	loan	NOUN
taxlaw-2791	729	11	”	"	PUNCT
taxlaw-2791	729	12	may	may	AUX
taxlaw-2791	729	13	be	be	AUX
taxlaw-2791	729	14	treated	treat	VERB
taxlaw-2791	729	15	as	as	ADP
taxlaw-2791	729	16	a	a	DET
taxlaw-2791	729	17	below	below	ADP
taxlaw-2791	729	18	-	-	PUNCT
taxlaw-2791	729	19	market	market	NOUN
taxlaw-2791	729	20	interest	interest	NOUN
taxlaw-2791	729	21	loan	loan	NOUN
taxlaw-2791	729	22	under	under	ADP
taxlaw-2791	729	23	§	§	PROPN
taxlaw-2791	729	24	7872.126	7872.126	PROPN
taxlaw-2791	729	25	gp	gp	NOUN
taxlaw-2791	729	26	would	would	AUX
taxlaw-2791	729	27	have	have	AUX
taxlaw-2791	729	28	imputed	impute	VERB
taxlaw-2791	729	29	income	income	NOUN
taxlaw-2791	729	30	(	(	PUNCT
taxlaw-2791	729	31	the	the	DET
taxlaw-2791	729	32	foregone	foregone	NOUN
taxlaw-2791	729	33	interest	interest	NOUN
taxlaw-2791	729	34	)	)	PUNCT
taxlaw-2791	729	35	potentially	potentially	ADV
taxlaw-2791	729	36	offset	offset	VERB
taxlaw-2791	729	37	by	by	ADP
taxlaw-2791	729	38	an	an	DET
taxlaw-2791	729	39	imputed	impute	VERB
taxlaw-2791	729	40	interest	interest	NOUN
taxlaw-2791	729	41	deduction	deduction	NOUN
taxlaw-2791	729	42	(	(	PUNCT
taxlaw-2791	729	43	the	the	DET
taxlaw-2791	729	44	deemed	deem	VERB
taxlaw-2791	729	45	interest	interest	NOUN
taxlaw-2791	729	46	payment).127	payment).127	PROPN
taxlaw-2791	729	47	if	if	SCONJ
taxlaw-2791	729	48	the	the	DET
taxlaw-2791	729	49	interest	interest	NOUN
taxlaw-2791	729	50	income	income	NOUN
taxlaw-2791	729	51	and	and	CCONJ
taxlaw-2791	729	52	deduction	deduction	NOUN
taxlaw-2791	729	53	offset	offset	VERB
taxlaw-2791	729	54	each	each	DET
taxlaw-2791	729	55	other	other	ADJ
taxlaw-2791	729	56	,	,	PUNCT
taxlaw-2791	729	57	the	the	DET
taxlaw-2791	729	58	net	net	ADJ
taxlaw-2791	729	59	result	result	NOUN
taxlaw-2791	729	60	is	be	AUX
taxlaw-2791	729	61	that	that	SCONJ
taxlaw-2791	729	62	gp	gp	NOUN
taxlaw-2791	729	63	defers	defer	VERB
taxlaw-2791	729	64	recognition	recognition	NOUN
taxlaw-2791	729	65	of	of	ADP
taxlaw-2791	729	66	ordinary	ordinary	ADJ
taxlaw-2791	729	67	income	income	NOUN
taxlaw-2791	729	68	until	until	ADP
taxlaw-2791	729	69	liquidation	liquidation	NOUN
taxlaw-2791	729	70	,	,	PUNCT
taxlaw-2791	729	71	when	when	SCONJ
taxlaw-2791	729	72	gp	gp	NOUN
taxlaw-2791	729	73	exercises	exercise	VERB
taxlaw-2791	729	74	the	the	DET
taxlaw-2791	729	75	option	option	NOUN
taxlaw-2791	729	76	and	and	CCONJ
taxlaw-2791	729	77	repays	repay	VERB
taxlaw-2791	729	78	the	the	DET
taxlaw-2791	729	79	loan	loan	NOUN
taxlaw-2791	729	80	principal.128	principal.128	NOUN
taxlaw-2791	729	81	thus	thus	ADV
taxlaw-2791	729	82	,	,	PUNCT
taxlaw-2791	729	83	gp	gp	NOUN
taxlaw-2791	729	84	may	may	AUX
taxlaw-2791	729	85	be	be	AUX
taxlaw-2791	729	86	able	able	ADJ
taxlaw-2791	729	87	to	to	PART
taxlaw-2791	729	88	replicate	replicate	VERB
taxlaw-2791	729	89	the	the	DET
taxlaw-2791	729	90	cash	cash	NOUN
taxlaw-2791	729	91	-	-	PUNCT
taxlaw-2791	729	92	flow	flow	NOUN
taxlaw-2791	729	93	consequences	consequence	NOUN
taxlaw-2791	729	94	of	of	ADP
taxlaw-2791	729	95	profits	profit	NOUN
taxlaw-2791	729	96	treatment	treatment	NOUN
taxlaw-2791	729	97	if	if	SCONJ
taxlaw-2791	729	98	the	the	DET
taxlaw-2791	729	99	arrangement	arrangement	NOUN
taxlaw-2791	729	100	is	be	AUX
taxlaw-2791	729	101	restructured	restructure	VERB
taxlaw-2791	729	102	as	as	ADP
taxlaw-2791	729	103	an	an	DET
taxlaw-2791	729	104	option	option	NOUN
taxlaw-2791	729	105	coupled	couple	VERB
taxlaw-2791	729	106	with	with	ADP
taxlaw-2791	729	107	an	an	DET
taxlaw-2791	729	108	explicit	explicit	ADJ
taxlaw-2791	729	109	(	(	PUNCT
taxlaw-2791	729	110	rather	rather	ADV
taxlaw-2791	729	111	than	than	ADP
taxlaw-2791	729	112	implicit	implicit	ADJ
taxlaw-2791	729	113	)	)	PUNCT
taxlaw-2791	729	114	loan	loan	NOUN
taxlaw-2791	729	115	.	.	PUNCT
taxlaw-2791	730	1	taxing	tax	VERB
taxlaw-2791	730	2	gp	gp	NOUN
taxlaw-2791	730	3	upon	upon	SCONJ
taxlaw-2791	730	4	exercise	exercise	NOUN
taxlaw-2791	730	5	of	of	ADP
taxlaw-2791	730	6	a	a	DET
taxlaw-2791	730	7	european	european	ADJ
taxlaw-2791	730	8	option	option	NOUN
taxlaw-2791	730	9	is	be	AUX
taxlaw-2791	730	10	equivalent	equivalent	ADJ
taxlaw-2791	730	11	to	to	ADP
taxlaw-2791	730	12	taxing	tax	VERB
taxlaw-2791	730	13	gp	gp	NOUN
taxlaw-2791	730	14	’s	’s	PART
taxlaw-2791	730	15	compensation	compensation	NOUN
taxlaw-2791	730	16	as	as	ADP
taxlaw-2791	730	17	a	a	DET
taxlaw-2791	730	18	nonpartner	nonpartner	ADJ
taxlaw-2791	730	19	payment	payment	NOUN
taxlaw-2791	730	20	under	under	ADP
taxlaw-2791	730	21	§	§	PROPN
taxlaw-2791	730	22	707(a)(2)(a	707(a)(2)(a	NUM
taxlaw-2791	730	23	)	)	PUNCT
taxlaw-2791	730	24	and	and	CCONJ
taxlaw-2791	730	25	deferring	defer	VERB
taxlaw-2791	730	26	inclusion	inclusion	NOUN
taxlaw-2791	730	27	until	until	SCONJ
taxlaw-2791	730	28	distribution.129	distribution.129	PROPN
taxlaw-2791	730	29	setting	set	VERB
taxlaw-2791	730	30	aside	aside	ADP
taxlaw-2791	730	31	the	the	DET
taxlaw-2791	730	32	issue	issue	NOUN
taxlaw-2791	730	33	of	of	ADP
taxlaw-2791	730	34	capital	capital	NOUN
taxlaw-2791	730	35	-	-	PUNCT
taxlaw-2791	730	36	gain	gain	NOUN
taxlaw-2791	730	37	conversion	conversion	NOUN
taxlaw-2791	730	38	,	,	PUNCT
taxlaw-2791	730	39	deferral	deferral	NOUN
taxlaw-2791	730	40	of	of	ADP
taxlaw-2791	730	41	gp	gp	NOUN
taxlaw-2791	730	42	’s	’s	PART
taxlaw-2791	730	43	income	income	NOUN
taxlaw-2791	730	44	inclusion	inclusion	NOUN
taxlaw-2791	730	45	is	be	AUX
taxlaw-2791	730	46	essentially	essentially	ADV
taxlaw-2791	730	47	no	no	ADV
taxlaw-2791	730	48	different	different	ADJ
taxlaw-2791	730	49	from	from	ADP
taxlaw-2791	730	50	the	the	DET
taxlaw-2791	730	51	result	result	NOUN
taxlaw-2791	730	52	that	that	SCONJ
taxlaw-2791	730	53	gp	gp	NOUN
taxlaw-2791	730	54	could	could	AUX
taxlaw-2791	730	55	obtain	obtain	VERB
taxlaw-2791	730	56	through	through	ADP
taxlaw-2791	730	57	a	a	DET
taxlaw-2791	730	58	contractual	contractual	ADJ
taxlaw-2791	730	59	deferred	defer	VERB
taxlaw-2791	730	60	compensation	compensation	NOUN
taxlaw-2791	730	61	arrangement	arrangement	NOUN
taxlaw-2791	730	62	,	,	PUNCT
taxlaw-2791	730	63	as	as	ADV
taxlaw-2791	730	64	long	long	ADV
taxlaw-2791	730	65	as	as	SCONJ
taxlaw-2791	730	66	gp	gp	NOUN
taxlaw-2791	730	67	is	be	AUX
taxlaw-2791	730	68	willing	willing	ADJ
taxlaw-2791	730	69	to	to	PART
taxlaw-2791	730	70	incur	incur	VERB
taxlaw-2791	730	71	a	a	DET
taxlaw-2791	730	72	substantial	substantial	ADJ
taxlaw-2791	730	73	126	126	NUM
taxlaw-2791	730	74	.	.	PUNCT
taxlaw-2791	731	1	section	section	NOUN
taxlaw-2791	731	2	7872	7872	NUM
taxlaw-2791	731	3	applies	apply	VERB
taxlaw-2791	731	4	to	to	ADP
taxlaw-2791	731	5	a	a	DET
taxlaw-2791	731	6	below	below	ADJ
taxlaw-2791	731	7	-	-	PUNCT
taxlaw-2791	731	8	market	market	NOUN
taxlaw-2791	731	9	loan	loan	NOUN
taxlaw-2791	731	10	between	between	ADP
taxlaw-2791	731	11	an	an	DET
taxlaw-2791	731	12	employer	employer	NOUN
taxlaw-2791	731	13	and	and	CCONJ
taxlaw-2791	731	14	an	an	DET
taxlaw-2791	731	15	employee	employee	NOUN
taxlaw-2791	731	16	or	or	CCONJ
taxlaw-2791	731	17	between	between	ADP
taxlaw-2791	731	18	an	an	DET
taxlaw-2791	731	19	independent	independent	ADJ
taxlaw-2791	731	20	contractor	contractor	NOUN
taxlaw-2791	731	21	and	and	CCONJ
taxlaw-2791	731	22	the	the	DET
taxlaw-2791	731	23	person	person	NOUN
taxlaw-2791	731	24	for	for	ADP
taxlaw-2791	731	25	whom	whom	PRON
taxlaw-2791	731	26	such	such	ADJ
taxlaw-2791	731	27	contractor	contractor	NOUN
taxlaw-2791	731	28	provides	provide	VERB
taxlaw-2791	731	29	services	service	NOUN
taxlaw-2791	731	30	.	.	PUNCT
taxlaw-2791	732	1	see	see	VERB
taxlaw-2791	732	2	i.r.c	i.r.c	NOUN
taxlaw-2791	732	3	.	.	PUNCT
taxlaw-2791	733	1	§	§	PROPN
taxlaw-2791	733	2	7872(c)(1)(b	7872(c)(1)(b	NUM
taxlaw-2791	733	3	)	)	PUNCT
taxlaw-2791	733	4	(	(	PUNCT
taxlaw-2791	733	5	2009	2009	NUM
taxlaw-2791	733	6	)	)	PUNCT
taxlaw-2791	733	7	.	.	PUNCT
taxlaw-2791	734	1	it	it	PRON
taxlaw-2791	734	2	also	also	ADV
taxlaw-2791	734	3	applies	apply	VERB
taxlaw-2791	734	4	to	to	ADP
taxlaw-2791	734	5	a	a	DET
taxlaw-2791	734	6	below	below	ADJ
taxlaw-2791	734	7	-	-	PUNCT
taxlaw-2791	734	8	market	market	NOUN
taxlaw-2791	734	9	loan	loan	NOUN
taxlaw-2791	734	10	between	between	ADP
taxlaw-2791	734	11	a	a	DET
taxlaw-2791	734	12	“	"	PUNCT
taxlaw-2791	734	13	partnership	partnership	NOUN
taxlaw-2791	734	14	and	and	CCONJ
taxlaw-2791	734	15	a	a	DET
taxlaw-2791	734	16	partner	partner	NOUN
taxlaw-2791	734	17	.	.	PUNCT
taxlaw-2791	734	18	.	.	PUNCT
taxlaw-2791	734	19	.	.	PUNCT
taxlaw-2791	735	1	acting	act	VERB
taxlaw-2791	735	2	other	other	ADJ
taxlaw-2791	735	3	than	than	ADP
taxlaw-2791	735	4	in	in	ADP
taxlaw-2791	735	5	his	his	PRON
taxlaw-2791	735	6	capacity	capacity	NOUN
taxlaw-2791	735	7	as	as	ADP
taxlaw-2791	735	8	a	a	DET
taxlaw-2791	735	9	member	member	NOUN
taxlaw-2791	735	10	of	of	ADP
taxlaw-2791	735	11	the	the	DET
taxlaw-2791	735	12	partnership	partnership	NOUN
taxlaw-2791	735	13	.	.	PUNCT
taxlaw-2791	735	14	”	"	PUNCT
taxlaw-2791	736	1	prop	prop	NOUN
taxlaw-2791	736	2	.	.	PUNCT
taxlaw-2791	737	1	treas	treas	PROPN
taxlaw-2791	737	2	.	.	PUNCT
taxlaw-2791	738	1	reg	reg	PROPN
taxlaw-2791	738	2	.	.	PUNCT
taxlaw-2791	739	1	§	§	PROPN
taxlaw-2791	739	2	1.7872	1.7872	NUM
taxlaw-2791	739	3	-	-	PUNCT
taxlaw-2791	739	4	4(c)(1	4(c)(1	NUM
taxlaw-2791	739	5	)	)	PUNCT
taxlaw-2791	739	6	,	,	PUNCT
taxlaw-2791	739	7	50	50	NUM
taxlaw-2791	739	8	fed	feed	VERB
taxlaw-2791	739	9	.	.	PUNCT
taxlaw-2791	740	1	reg	reg	PROPN
taxlaw-2791	740	2	.	.	PUNCT
taxlaw-2791	741	1	33553	33553	NUM
taxlaw-2791	741	2	,	,	PUNCT
taxlaw-2791	741	3	33560	33560	NUM
taxlaw-2791	741	4	(	(	PUNCT
taxlaw-2791	741	5	aug	aug	PROPN
taxlaw-2791	741	6	.	.	PROPN
taxlaw-2791	741	7	20	20	NUM
taxlaw-2791	741	8	,	,	PUNCT
taxlaw-2791	741	9	1985	1985	NUM
taxlaw-2791	741	10	)	)	PUNCT
taxlaw-2791	741	11	.	.	PUNCT
taxlaw-2791	742	1	see	see	VERB
taxlaw-2791	742	2	also	also	ADV
taxlaw-2791	742	3	prop	prop	VERB
taxlaw-2791	742	4	.	.	PUNCT
taxlaw-2791	743	1	treas	treas	PROPN
taxlaw-2791	743	2	.	.	PUNCT
taxlaw-2791	744	1	reg	reg	PROPN
taxlaw-2791	744	2	.	.	PUNCT
taxlaw-2791	745	1	§	§	PROPN
taxlaw-2791	745	2	1.7872	1.7872	NUM
taxlaw-2791	745	3	-	-	SYM
taxlaw-2791	745	4	4(e	4(e	NUM
taxlaw-2791	745	5	)	)	PUNCT
taxlaw-2791	745	6	,	,	PUNCT
taxlaw-2791	745	7	50	50	NUM
taxlaw-2791	745	8	fed	feed	VERB
taxlaw-2791	745	9	.	.	PUNCT
taxlaw-2791	746	1	reg	reg	PROPN
taxlaw-2791	746	2	.	.	PUNCT
taxlaw-2791	747	1	33553	33553	NUM
taxlaw-2791	747	2	,	,	PUNCT
taxlaw-2791	747	3	33561	33561	NUM
taxlaw-2791	747	4	(	(	PUNCT
taxlaw-2791	747	5	aug	aug	PROPN
taxlaw-2791	747	6	.	.	PROPN
taxlaw-2791	747	7	20	20	NUM
taxlaw-2791	747	8	,	,	PUNCT
taxlaw-2791	747	9	1985	1985	NUM
taxlaw-2791	747	10	)	)	PUNCT
taxlaw-2791	747	11	(	(	PUNCT
taxlaw-2791	747	12	tax	tax	NOUN
taxlaw-2791	747	13	-	-	PUNCT
taxlaw-2791	747	14	avoidance	avoidance	NOUN
taxlaw-2791	747	15	loan	loan	NOUN
taxlaw-2791	747	16	)	)	PUNCT
taxlaw-2791	747	17	.	.	PUNCT
taxlaw-2791	748	1	127	127	NUM
taxlaw-2791	748	2	.	.	PUNCT
taxlaw-2791	749	1	if	if	SCONJ
taxlaw-2791	749	2	applicable	applicable	ADJ
taxlaw-2791	749	3	,	,	PUNCT
taxlaw-2791	749	4	the	the	DET
taxlaw-2791	749	5	investment	investment	NOUN
taxlaw-2791	749	6	interest	interest	NOUN
taxlaw-2791	749	7	limitation	limitation	NOUN
taxlaw-2791	749	8	under	under	ADP
taxlaw-2791	749	9	§	§	PROPN
taxlaw-2791	749	10	163(d	163(d	PROPN
taxlaw-2791	749	11	)	)	PUNCT
taxlaw-2791	749	12	could	could	AUX
taxlaw-2791	749	13	limit	limit	VERB
taxlaw-2791	749	14	gp	gp	NOUN
taxlaw-2791	749	15	’s	’s	PART
taxlaw-2791	749	16	ability	ability	NOUN
taxlaw-2791	749	17	to	to	PART
taxlaw-2791	749	18	obtain	obtain	VERB
taxlaw-2791	749	19	an	an	DET
taxlaw-2791	749	20	ordinary	ordinary	ADJ
taxlaw-2791	749	21	income	income	NOUN
taxlaw-2791	749	22	deduction	deduction	NOUN
taxlaw-2791	749	23	for	for	ADP
taxlaw-2791	749	24	the	the	DET
taxlaw-2791	749	25	deemed	deem	VERB
taxlaw-2791	749	26	payment	payment	NOUN
taxlaw-2791	749	27	of	of	ADP
taxlaw-2791	749	28	interest	interest	NOUN
taxlaw-2791	749	29	.	.	PUNCT
taxlaw-2791	750	1	see	see	VERB
taxlaw-2791	750	2	i.r.c	i.r.c	NOUN
taxlaw-2791	750	3	.	.	PUNCT
taxlaw-2791	751	1	§	§	PROPN
taxlaw-2791	751	2	163(d	163(d	PROPN
taxlaw-2791	751	3	)	)	PUNCT
taxlaw-2791	751	4	(	(	PUNCT
taxlaw-2791	751	5	2009	2009	NUM
taxlaw-2791	751	6	)	)	PUNCT
taxlaw-2791	751	7	.	.	PUNCT
taxlaw-2791	752	1	see	see	VERB
taxlaw-2791	752	2	also	also	ADV
taxlaw-2791	752	3	i.r.c	i.r.c	NOUN
taxlaw-2791	752	4	.	.	PUNCT
taxlaw-2791	753	1	§	§	PROPN
taxlaw-2791	753	2	163(d)(4)(b)(iii	163(d)(4)(b)(iii	NUM
taxlaw-2791	753	3	)	)	PUNCT
taxlaw-2791	753	4	(	(	PUNCT
taxlaw-2791	753	5	2009	2009	NUM
taxlaw-2791	753	6	)	)	PUNCT
taxlaw-2791	753	7	(	(	PUNCT
taxlaw-2791	753	8	affording	afford	VERB
taxlaw-2791	753	9	election	election	NOUN
taxlaw-2791	753	10	that	that	PRON
taxlaw-2791	753	11	effectively	effectively	ADV
taxlaw-2791	753	12	permits	permit	VERB
taxlaw-2791	753	13	the	the	DET
taxlaw-2791	753	14	deduction	deduction	NOUN
taxlaw-2791	753	15	for	for	ADP
taxlaw-2791	753	16	investment	investment	NOUN
taxlaw-2791	753	17	interest	interest	NOUN
taxlaw-2791	753	18	to	to	PART
taxlaw-2791	753	19	offset	offset	VERB
taxlaw-2791	753	20	only	only	ADV
taxlaw-2791	753	21	gain	gain	NOUN
taxlaw-2791	753	22	taxed	tax	VERB
taxlaw-2791	753	23	at	at	ADP
taxlaw-2791	753	24	the	the	DET
taxlaw-2791	753	25	15	15	NUM
taxlaw-2791	753	26	%	%	NOUN
taxlaw-2791	753	27	rate	rate	NOUN
taxlaw-2791	753	28	)	)	PUNCT
taxlaw-2791	753	29	.	.	PUNCT
taxlaw-2791	754	1	if	if	SCONJ
taxlaw-2791	754	2	gp	gp	NOUN
taxlaw-2791	754	3	is	be	AUX
taxlaw-2791	754	4	treated	treat	VERB
taxlaw-2791	754	5	as	as	ADP
taxlaw-2791	754	6	using	use	VERB
taxlaw-2791	754	7	the	the	DET
taxlaw-2791	754	8	deemed	deemed	ADJ
taxlaw-2791	754	9	loan	loan	NOUN
taxlaw-2791	754	10	principal	principal	NOUN
taxlaw-2791	754	11	in	in	ADP
taxlaw-2791	754	12	a	a	DET
taxlaw-2791	754	13	trade	trade	NOUN
taxlaw-2791	754	14	or	or	CCONJ
taxlaw-2791	754	15	business	business	NOUN
taxlaw-2791	754	16	or	or	CCONJ
taxlaw-2791	754	17	has	have	VERB
taxlaw-2791	754	18	sufficient	sufficient	ADJ
taxlaw-2791	754	19	“	"	PUNCT
taxlaw-2791	754	20	net	net	ADJ
taxlaw-2791	754	21	investment	investment	NOUN
taxlaw-2791	754	22	income	income	NOUN
taxlaw-2791	754	23	”	"	PUNCT
taxlaw-2791	754	24	from	from	ADP
taxlaw-2791	754	25	other	other	ADJ
taxlaw-2791	754	26	sources	source	NOUN
taxlaw-2791	754	27	,	,	PUNCT
taxlaw-2791	754	28	the	the	DET
taxlaw-2791	754	29	§	§	PROPN
taxlaw-2791	754	30	163(d	163(d	PROPN
taxlaw-2791	754	31	)	)	PUNCT
taxlaw-2791	754	32	limit	limit	NOUN
taxlaw-2791	754	33	is	be	AUX
taxlaw-2791	754	34	not	not	PART
taxlaw-2791	754	35	binding	bind	VERB
taxlaw-2791	754	36	.	.	PUNCT
taxlaw-2791	755	1	see	see	VERB
taxlaw-2791	755	2	sanchirico	sanchirico	NOUN
taxlaw-2791	755	3	,	,	PUNCT
taxlaw-2791	755	4	supra	supra	ADJ
taxlaw-2791	755	5	note	note	NOUN
taxlaw-2791	755	6	5	5	NUM
taxlaw-2791	755	7	,	,	PUNCT
taxlaw-2791	755	8	at	at	ADP
taxlaw-2791	755	9	1141	1141	NUM
taxlaw-2791	755	10	n.181	n.181	NOUN
taxlaw-2791	755	11	.	.	PUNCT
taxlaw-2791	756	1	128	128	NUM
taxlaw-2791	756	2	.	.	PUNCT
taxlaw-2791	757	1	of	of	ADP
taxlaw-2791	757	2	course	course	NOUN
taxlaw-2791	757	3	,	,	PUNCT
taxlaw-2791	757	4	an	an	DET
taxlaw-2791	757	5	explicit	explicit	ADJ
taxlaw-2791	757	6	loan	loan	NOUN
taxlaw-2791	757	7	from	from	ADP
taxlaw-2791	757	8	lp	lp	NOUN
taxlaw-2791	757	9	to	to	ADP
taxlaw-2791	757	10	gp	gp	NOUN
taxlaw-2791	757	11	might	might	AUX
taxlaw-2791	757	12	expose	expose	VERB
taxlaw-2791	757	13	implicit	implicit	ADJ
taxlaw-2791	757	14	subsidies	subsidy	NOUN
taxlaw-2791	757	15	embedded	embed	VERB
taxlaw-2791	757	16	in	in	ADP
taxlaw-2791	757	17	the	the	DET
taxlaw-2791	757	18	opaque	opaque	ADJ
taxlaw-2791	757	19	distribution	distribution	NOUN
taxlaw-2791	757	20	rules	rule	NOUN
taxlaw-2791	757	21	when	when	SCONJ
taxlaw-2791	757	22	a	a	DET
taxlaw-2791	757	23	profits	profit	NOUN
taxlaw-2791	757	24	interest	interest	NOUN
taxlaw-2791	757	25	is	be	AUX
taxlaw-2791	757	26	used	use	VERB
taxlaw-2791	757	27	.	.	PUNCT
taxlaw-2791	758	1	see	see	VERB
taxlaw-2791	758	2	supra	supra	PROPN
taxlaw-2791	758	3	notes	note	VERB
taxlaw-2791	758	4	57–61	57–61	NUM
taxlaw-2791	758	5	and	and	CCONJ
taxlaw-2791	758	6	accompanying	accompany	VERB
taxlaw-2791	758	7	text	text	NOUN
taxlaw-2791	758	8	.	.	PUNCT
taxlaw-2791	759	1	129	129	NUM
taxlaw-2791	759	2	.	.	PUNCT
taxlaw-2791	760	1	under	under	ADP
taxlaw-2791	760	2	current	current	ADJ
taxlaw-2791	760	3	law	law	NOUN
taxlaw-2791	760	4	,	,	PUNCT
taxlaw-2791	760	5	gp	gp	NOUN
taxlaw-2791	760	6	is	be	AUX
taxlaw-2791	760	7	likely	likely	ADV
taxlaw-2791	760	8	not	not	PART
taxlaw-2791	760	9	treated	treat	VERB
taxlaw-2791	760	10	as	as	ADP
taxlaw-2791	760	11	having	having	AUX
taxlaw-2791	760	12	constructively	constructively	ADV
taxlaw-2791	760	13	received	receive	VERB
taxlaw-2791	760	14	amounts	amount	NOUN
taxlaw-2791	760	15	that	that	PRON
taxlaw-2791	760	16	are	be	AUX
taxlaw-2791	760	17	merely	merely	ADV
taxlaw-2791	760	18	credited	credit	VERB
taxlaw-2791	760	19	to	to	ADP
taxlaw-2791	760	20	his	his	PRON
taxlaw-2791	760	21	capital	capital	NOUN
taxlaw-2791	760	22	account	account	NOUN
taxlaw-2791	760	23	,	,	PUNCT
taxlaw-2791	760	24	unless	unless	SCONJ
taxlaw-2791	760	25	gp	gp	NOUN
taxlaw-2791	760	26	has	have	VERB
taxlaw-2791	760	27	a	a	DET
taxlaw-2791	760	28	right	right	NOUN
taxlaw-2791	760	29	to	to	PART
taxlaw-2791	760	30	withdraw	withdraw	VERB
taxlaw-2791	760	31	such	such	ADJ
taxlaw-2791	760	32	amounts	amount	NOUN
taxlaw-2791	760	33	immediately	immediately	ADV
taxlaw-2791	760	34	.	.	PUNCT
taxlaw-2791	761	1	see	see	VERB
taxlaw-2791	761	2	,	,	PUNCT
taxlaw-2791	761	3	e.g.	e.g.	ADV
taxlaw-2791	761	4	,	,	PUNCT
taxlaw-2791	761	5	rev	rev	PROPN
taxlaw-2791	761	6	.	.	PROPN
taxlaw-2791	762	1	rul	rul	PROPN
taxlaw-2791	762	2	.	.	PUNCT
taxlaw-2791	763	1	60	60	NUM
taxlaw-2791	763	2	-	-	SYM
taxlaw-2791	763	3	31	31	NUM
taxlaw-2791	763	4	,	,	PUNCT
taxlaw-2791	763	5	1960	1960	NUM
taxlaw-2791	763	6	-	-	SYM
taxlaw-2791	763	7	1	1	NUM
taxlaw-2791	763	8	c.b	c.b	PROPN
taxlaw-2791	763	9	.	.	PROPN
taxlaw-2791	763	10	174	174	NUM
taxlaw-2791	763	11	.	.	PUNCT
taxlaw-2791	764	1	but	but	CCONJ
taxlaw-2791	764	2	see	see	VERB
taxlaw-2791	764	3	i.r.c	i.r.c	NOUN
taxlaw-2791	764	4	.	.	PUNCT
taxlaw-2791	765	1	§	§	PROPN
taxlaw-2791	765	2	707(c	707(c	PROPN
taxlaw-2791	765	3	)	)	PUNCT
taxlaw-2791	765	4	(	(	PUNCT
taxlaw-2791	765	5	2009	2009	NUM
taxlaw-2791	765	6	)	)	PUNCT
taxlaw-2791	765	7	(	(	PUNCT
taxlaw-2791	765	8	potentially	potentially	ADV
taxlaw-2791	765	9	accelerating	accelerate	VERB
taxlaw-2791	765	10	the	the	DET
taxlaw-2791	765	11	timing	timing	NOUN
taxlaw-2791	765	12	of	of	ADP
taxlaw-2791	765	13	gp	gp	NOUN
taxlaw-2791	765	14	’s	’s	PART
taxlaw-2791	765	15	inclusion	inclusion	NOUN
taxlaw-2791	765	16	)	)	PUNCT
taxlaw-2791	765	17	.	.	PUNCT
taxlaw-2791	766	1	2010	2010	NUM
taxlaw-2791	766	2	]	]	PUNCT
taxlaw-2791	766	3	the	the	DET
taxlaw-2791	766	4	sou	sou	PROPN
taxlaw-2791	766	5	�	�	PROPN
taxlaw-2791	766	6	d	d	PROPN
taxlaw-2791	766	7	a	a	DET
taxlaw-2791	766	8	�	�	PROPN
taxlaw-2791	766	9	d	d	NOUN
taxlaw-2791	766	10	fury	fury	NOUN
taxlaw-2791	766	11	of	of	ADP
taxlaw-2791	766	12	carried	carry	VERB
taxlaw-2791	766	13	i	i	PRON
taxlaw-2791	766	14	�	�	VERB
taxlaw-2791	766	15	terest	ter	ADJ
taxlaw-2791	766	16	reform	reform	NOUN
taxlaw-2791	766	17	33	33	NUM
taxlaw-2791	766	18	risk	risk	NOUN
taxlaw-2791	766	19	of	of	ADP
taxlaw-2791	766	20	forfeiture.130	forfeiture.130	PROPN
taxlaw-2791	766	21	indeed	indeed	ADV
taxlaw-2791	766	22	,	,	PUNCT
taxlaw-2791	766	23	gp	gp	NOUN
taxlaw-2791	766	24	could	could	AUX
taxlaw-2791	766	25	obtain	obtain	VERB
taxlaw-2791	766	26	the	the	DET
taxlaw-2791	766	27	same	same	ADJ
taxlaw-2791	766	28	deferral	deferral	ADJ
taxlaw-2791	766	29	benefit	benefit	NOUN
taxlaw-2791	766	30	if	if	SCONJ
taxlaw-2791	766	31	he	he	PRON
taxlaw-2791	766	32	received	receive	VERB
taxlaw-2791	766	33	a	a	DET
taxlaw-2791	766	34	restricted	restricted	ADJ
taxlaw-2791	766	35	capital	capital	NOUN
taxlaw-2791	766	36	interest	interest	NOUN
taxlaw-2791	766	37	,	,	PUNCT
taxlaw-2791	766	38	since	since	SCONJ
taxlaw-2791	766	39	the	the	DET
taxlaw-2791	766	40	partnership	partnership	NOUN
taxlaw-2791	766	41	’s	’s	PART
taxlaw-2791	766	42	investment	investment	NOUN
taxlaw-2791	766	43	return	return	NOUN
taxlaw-2791	766	44	prior	prior	ADV
taxlaw-2791	766	45	to	to	ADP
taxlaw-2791	766	46	vesting	vest	VERB
taxlaw-2791	766	47	of	of	ADP
taxlaw-2791	766	48	gp	gp	NOUN
taxlaw-2791	766	49	’s	’s	PART
taxlaw-2791	766	50	interest	interest	NOUN
taxlaw-2791	766	51	would	would	AUX
taxlaw-2791	766	52	be	be	AUX
taxlaw-2791	766	53	taxed	tax	VERB
taxlaw-2791	766	54	entirely	entirely	ADV
taxlaw-2791	766	55	to	to	ADP
taxlaw-2791	766	56	lp	lp	NOUN
taxlaw-2791	766	57	.	.	PUNCT
taxlaw-2791	767	1	in	in	ADP
taxlaw-2791	767	2	this	this	DET
taxlaw-2791	767	3	light	light	NOUN
taxlaw-2791	767	4	,	,	PUNCT
taxlaw-2791	767	5	it	it	PRON
taxlaw-2791	767	6	is	be	AUX
taxlaw-2791	767	7	strange	strange	ADJ
taxlaw-2791	767	8	that	that	SCONJ
taxlaw-2791	767	9	congress	congress	PROPN
taxlaw-2791	767	10	should	should	AUX
taxlaw-2791	767	11	enact	enact	VERB
taxlaw-2791	767	12	a	a	DET
taxlaw-2791	767	13	complex	complex	ADJ
taxlaw-2791	767	14	statutory	statutory	ADJ
taxlaw-2791	767	15	fix	fix	NOUN
taxlaw-2791	767	16	while	while	SCONJ
taxlaw-2791	767	17	allowing	allow	VERB
taxlaw-2791	767	18	the	the	DET
taxlaw-2791	767	19	parties	party	NOUN
taxlaw-2791	767	20	freely	freely	ADV
taxlaw-2791	767	21	to	to	PART
taxlaw-2791	767	22	opt	opt	VERB
taxlaw-2791	767	23	out	out	ADP
taxlaw-2791	767	24	of	of	ADP
taxlaw-2791	767	25	§	§	PROPN
taxlaw-2791	767	26	710	710	NUM
taxlaw-2791	767	27	to	to	PART
taxlaw-2791	767	28	minimize	minimize	VERB
taxlaw-2791	767	29	their	their	PRON
taxlaw-2791	767	30	jointtax	jointtax	ADJ
taxlaw-2791	767	31	liability	liability	NOUN
taxlaw-2791	767	32	when	when	SCONJ
taxlaw-2791	767	33	lp	lp	ADV
taxlaw-2791	767	34	is	be	AUX
taxlaw-2791	767	35	tax	tax	NOUN
taxlaw-2791	767	36	-	-	PUNCT
taxlaw-2791	767	37	exempt	exempt	ADJ
taxlaw-2791	767	38	.	.	PUNCT
taxlaw-2791	768	1	by	by	ADP
taxlaw-2791	768	2	focusing	focus	VERB
taxlaw-2791	768	3	narrowly	narrowly	ADV
taxlaw-2791	768	4	on	on	ADP
taxlaw-2791	768	5	gp	gp	NOUN
taxlaw-2791	768	6	’s	’s	PART
taxlaw-2791	768	7	one	one	NUM
taxlaw-2791	768	8	-	-	PUNCT
taxlaw-2791	768	9	sided	sided	ADJ
taxlaw-2791	768	10	deferral	deferral	ADJ
taxlaw-2791	768	11	and	and	CCONJ
taxlaw-2791	768	12	conversion	conversion	NOUN
taxlaw-2791	768	13	,	,	PUNCT
taxlaw-2791	768	14	reformers	reformer	NOUN
taxlaw-2791	768	15	failed	fail	VERB
taxlaw-2791	768	16	to	to	PART
taxlaw-2791	768	17	consider	consider	VERB
taxlaw-2791	768	18	the	the	DET
taxlaw-2791	768	19	ready	ready	ADJ
taxlaw-2791	768	20	availability	availability	NOUN
taxlaw-2791	768	21	of	of	ADP
taxlaw-2791	768	22	deferral	deferral	NOUN
taxlaw-2791	768	23	through	through	ADP
taxlaw-2791	768	24	alternative	alternative	ADJ
taxlaw-2791	768	25	compensation	compensation	NOUN
taxlaw-2791	768	26	arrangements	arrangement	NOUN
taxlaw-2791	768	27	such	such	ADJ
taxlaw-2791	768	28	as	as	ADP
taxlaw-2791	768	29	options	option	NOUN
taxlaw-2791	768	30	and	and	CCONJ
taxlaw-2791	768	31	restricted	restrict	VERB
taxlaw-2791	768	32	capital	capital	NOUN
taxlaw-2791	768	33	interests	interest	NOUN
taxlaw-2791	768	34	.	.	PUNCT
taxlaw-2791	769	1	although	although	SCONJ
taxlaw-2791	769	2	§	§	PROPN
taxlaw-2791	769	3	710	710	NUM
taxlaw-2791	769	4	could	could	AUX
taxlaw-2791	769	5	conceivably	conceivably	ADV
taxlaw-2791	769	6	be	be	AUX
taxlaw-2791	769	7	viewed	view	VERB
taxlaw-2791	769	8	as	as	ADP
taxlaw-2791	769	9	an	an	DET
taxlaw-2791	769	10	antideferral	antideferral	ADJ
taxlaw-2791	769	11	provision	provision	NOUN
taxlaw-2791	769	12	,	,	PUNCT
taxlaw-2791	769	13	this	this	DET
taxlaw-2791	769	14	view	view	NOUN
taxlaw-2791	769	15	does	do	AUX
taxlaw-2791	769	16	not	not	PART
taxlaw-2791	769	17	make	make	VERB
taxlaw-2791	769	18	sense	sense	NOUN
taxlaw-2791	769	19	if	if	SCONJ
taxlaw-2791	769	20	alternative	alternative	ADJ
taxlaw-2791	769	21	compensation	compensation	NOUN
taxlaw-2791	769	22	arrangements	arrangement	NOUN
taxlaw-2791	769	23	permit	permit	VERB
taxlaw-2791	769	24	yield	yield	NOUN
taxlaw-2791	769	25	exemption	exemption	NOUN
taxlaw-2791	769	26	and	and	CCONJ
taxlaw-2791	769	27	even	even	ADV
taxlaw-2791	769	28	longer	long	ADV
taxlaw-2791	769	29	deferral	deferral	ADJ
taxlaw-2791	769	30	than	than	ADP
taxlaw-2791	769	31	profits	profit	NOUN
taxlaw-2791	769	32	interests	interest	NOUN
taxlaw-2791	769	33	.	.	PUNCT
taxlaw-2791	770	1	as	as	ADP
taxlaw-2791	770	2	a	a	DET
taxlaw-2791	770	3	practical	practical	ADJ
taxlaw-2791	770	4	matter	matter	NOUN
taxlaw-2791	770	5	,	,	PUNCT
taxlaw-2791	770	6	the	the	DET
taxlaw-2791	770	7	parties	party	NOUN
taxlaw-2791	770	8	should	should	AUX
taxlaw-2791	770	9	opt	opt	VERB
taxlaw-2791	770	10	in	in	ADP
taxlaw-2791	770	11	or	or	CCONJ
taxlaw-2791	770	12	out	out	ADP
taxlaw-2791	770	13	of	of	ADP
taxlaw-2791	770	14	§	§	PROPN
taxlaw-2791	770	15	710	710	NUM
taxlaw-2791	770	16	depending	depend	VERB
taxlaw-2791	770	17	on	on	ADP
taxlaw-2791	770	18	whether	whether	SCONJ
taxlaw-2791	770	19	that	that	DET
taxlaw-2791	770	20	provision	provision	NOUN
taxlaw-2791	770	21	minimizes	minimize	VERB
taxlaw-2791	770	22	taxes	taxis	NOUN
taxlaw-2791	770	23	by	by	ADP
taxlaw-2791	770	24	comparison	comparison	NOUN
taxlaw-2791	770	25	to	to	ADP
taxlaw-2791	770	26	alternative	alternative	ADJ
taxlaw-2791	770	27	compensation	compensation	NOUN
taxlaw-2791	770	28	forms	form	NOUN
taxlaw-2791	770	29	.	.	PUNCT
taxlaw-2791	771	1	to	to	PART
taxlaw-2791	771	2	understand	understand	VERB
taxlaw-2791	771	3	the	the	DET
taxlaw-2791	771	4	joint	joint	ADJ
taxlaw-2791	771	5	-	-	PUNCT
taxlaw-2791	771	6	tax	tax	NOUN
taxlaw-2791	771	7	incentives	incentive	NOUN
taxlaw-2791	771	8	under	under	ADP
taxlaw-2791	771	9	§	§	PROPN
taxlaw-2791	771	10	710	710	NUM
taxlaw-2791	771	11	,	,	PUNCT
taxlaw-2791	771	12	it	it	PRON
taxlaw-2791	771	13	is	be	AUX
taxlaw-2791	771	14	essential	essential	ADJ
taxlaw-2791	771	15	to	to	PART
taxlaw-2791	771	16	understand	understand	VERB
taxlaw-2791	771	17	the	the	DET
taxlaw-2791	771	18	operation	operation	NOUN
taxlaw-2791	771	19	of	of	ADP
taxlaw-2791	771	20	the	the	DET
taxlaw-2791	771	21	earned	earn	VERB
taxlaw-2791	771	22	capital	capital	NOUN
taxlaw-2791	771	23	exception	exception	NOUN
taxlaw-2791	771	24	when	when	SCONJ
taxlaw-2791	771	25	implicit	implicit	ADJ
taxlaw-2791	771	26	salary	salary	NOUN
taxlaw-2791	771	27	is	be	AUX
taxlaw-2791	771	28	reinvested	reinveste	VERB
taxlaw-2791	771	29	in	in	ADP
taxlaw-2791	771	30	the	the	DET
taxlaw-2791	771	31	enterprise	enterprise	NOUN
taxlaw-2791	771	32	and	and	CCONJ
taxlaw-2791	771	33	distributions	distribution	NOUN
taxlaw-2791	771	34	are	be	AUX
taxlaw-2791	771	35	deferred	defer	VERB
taxlaw-2791	771	36	.	.	PUNCT
taxlaw-2791	772	1	iii	iii	X
taxlaw-2791	772	2	.	.	PROPN
taxlaw-2791	772	3	earned	earn	VERB
taxlaw-2791	772	4	capital	capital	NOUN
taxlaw-2791	772	5	—	—	PUNCT
taxlaw-2791	772	6	the	the	DET
taxlaw-2791	772	7	bifurcation	bifurcation	NOUN
taxlaw-2791	772	8	approach	approach	NOUN
taxlaw-2791	772	9	unlike	unlike	ADP
taxlaw-2791	772	10	the	the	DET
taxlaw-2791	772	11	manager	manager	NOUN
taxlaw-2791	772	12	of	of	ADP
taxlaw-2791	772	13	a	a	DET
taxlaw-2791	772	14	private	private	ADJ
taxlaw-2791	772	15	equity	equity	NOUN
taxlaw-2791	772	16	fund	fund	NOUN
taxlaw-2791	772	17	,	,	PUNCT
taxlaw-2791	772	18	service	service	NOUN
taxlaw-2791	772	19	partners	partner	NOUN
taxlaw-2791	772	20	in	in	ADP
taxlaw-2791	772	21	traditional	traditional	ADJ
taxlaw-2791	772	22	partnerships	partnership	NOUN
taxlaw-2791	772	23	typically	typically	ADV
taxlaw-2791	772	24	receive	receive	VERB
taxlaw-2791	772	25	cash	cash	NOUN
taxlaw-2791	772	26	distributions	distribution	NOUN
taxlaw-2791	772	27	only	only	ADV
taxlaw-2791	772	28	after	after	SCONJ
taxlaw-2791	772	29	the	the	DET
taxlaw-2791	772	30	investor	investor	NOUN
taxlaw-2791	772	31	partners	partner	NOUN
taxlaw-2791	772	32	’	'	PUNCT
taxlaw-2791	772	33	capital	capital	NOUN
taxlaw-2791	772	34	has	have	AUX
taxlaw-2791	772	35	been	be	AUX
taxlaw-2791	772	36	repaid	repay	VERB
taxlaw-2791	772	37	.	.	PUNCT
taxlaw-2791	773	1	when	when	SCONJ
taxlaw-2791	773	2	a	a	DET
taxlaw-2791	773	3	service	service	NOUN
taxlaw-2791	773	4	partner	partner	NOUN
taxlaw-2791	773	5	receives	receive	VERB
taxlaw-2791	773	6	implicit	implicit	ADJ
taxlaw-2791	773	7	salary	salary	NOUN
taxlaw-2791	773	8	and	and	CCONJ
taxlaw-2791	773	9	leaves	leave	VERB
taxlaw-2791	773	10	the	the	DET
taxlaw-2791	773	11	previously	previously	ADV
taxlaw-2791	773	12	taxed	tax	VERB
taxlaw-2791	773	13	salary	salary	NOUN
taxlaw-2791	773	14	in	in	ADP
taxlaw-2791	773	15	the	the	DET
taxlaw-2791	773	16	partnership	partnership	NOUN
taxlaw-2791	773	17	,	,	PUNCT
taxlaw-2791	773	18	the	the	DET
taxlaw-2791	773	19	service	service	NOUN
taxlaw-2791	773	20	partner	partner	NOUN
taxlaw-2791	773	21	’s	’s	PART
taxlaw-2791	773	22	share	share	NOUN
taxlaw-2791	773	23	of	of	ADP
taxlaw-2791	773	24	partnership	partnership	NOUN
taxlaw-2791	773	25	capital	capital	NOUN
taxlaw-2791	773	26	will	will	AUX
taxlaw-2791	773	27	increase	increase	VERB
taxlaw-2791	773	28	each	each	DET
taxlaw-2791	773	29	year	year	NOUN
taxlaw-2791	773	30	.	.	PUNCT
taxlaw-2791	774	1	indeed	indeed	ADV
taxlaw-2791	774	2	,	,	PUNCT
taxlaw-2791	774	3	the	the	DET
taxlaw-2791	774	4	full	full	ADJ
taxlaw-2791	774	5	complexity	complexity	NOUN
taxlaw-2791	774	6	and	and	CCONJ
taxlaw-2791	774	7	unadministrability	unadministrability	NOUN
taxlaw-2791	774	8	of	of	ADP
taxlaw-2791	774	9	§	§	PROPN
taxlaw-2791	774	10	710	710	NUM
taxlaw-2791	774	11	only	only	ADV
taxlaw-2791	774	12	becomes	become	VERB
taxlaw-2791	774	13	apparent	apparent	ADJ
taxlaw-2791	774	14	once	once	SCONJ
taxlaw-2791	774	15	one	one	PRON
taxlaw-2791	774	16	examines	examine	VERB
taxlaw-2791	774	17	the	the	DET
taxlaw-2791	774	18	partnership	partnership	NOUN
taxlaw-2791	774	19	tax	tax	NOUN
taxlaw-2791	774	20	bar	bar	NOUN
taxlaw-2791	774	21	’s	’s	PART
taxlaw-2791	774	22	technical	technical	ADJ
taxlaw-2791	774	23	solution	solution	NOUN
taxlaw-2791	774	24	to	to	ADP
taxlaw-2791	774	25	the	the	DET
taxlaw-2791	774	26	problem	problem	NOUN
taxlaw-2791	774	27	of	of	ADP
taxlaw-2791	774	28	earned	earn	VERB
taxlaw-2791	774	29	capital	capital	NOUN
taxlaw-2791	774	30	that	that	PRON
taxlaw-2791	774	31	congress	congress	PROPN
taxlaw-2791	774	32	initially	initially	ADV
taxlaw-2791	774	33	overlooked	overlook	VERB
taxlaw-2791	774	34	.	.	PUNCT
taxlaw-2791	775	1	under	under	ADP
taxlaw-2791	775	2	this	this	DET
taxlaw-2791	775	3	bifurcation	bifurcation	NOUN
taxlaw-2791	775	4	approach	approach	NOUN
taxlaw-2791	775	5	,	,	PUNCT
taxlaw-2791	775	6	a	a	DET
taxlaw-2791	775	7	single	single	ADJ
taxlaw-2791	775	8	profits	profit	NOUN
taxlaw-2791	775	9	stream	stream	NOUN
taxlaw-2791	775	10	would	would	AUX
taxlaw-2791	775	11	be	be	AUX
taxlaw-2791	775	12	divided	divide	VERB
taxlaw-2791	775	13	annually	annually	ADV
taxlaw-2791	775	14	into	into	ADP
taxlaw-2791	775	15	separate	separate	ADJ
taxlaw-2791	775	16	components	component	NOUN
taxlaw-2791	775	17	consisting	consist	VERB
taxlaw-2791	775	18	of	of	ADP
taxlaw-2791	775	19	labor	labor	NOUN
taxlaw-2791	775	20	return	return	NOUN
taxlaw-2791	775	21	and	and	CCONJ
taxlaw-2791	775	22	investment	investment	NOUN
taxlaw-2791	775	23	return	return	NOUN
taxlaw-2791	775	24	on	on	ADP
taxlaw-2791	775	25	reinvested	reinvested	ADJ
taxlaw-2791	775	26	implicit	implicit	ADJ
taxlaw-2791	775	27	salary	salary	NOUN
taxlaw-2791	775	28	.	.	PUNCT
taxlaw-2791	776	1	the	the	DET
taxlaw-2791	776	2	partnership	partnership	NOUN
taxlaw-2791	776	3	tax	tax	NOUN
taxlaw-2791	776	4	bar	bar	NOUN
taxlaw-2791	776	5	has	have	AUX
taxlaw-2791	776	6	devised	devise	VERB
taxlaw-2791	776	7	a	a	DET
taxlaw-2791	776	8	truly	truly	ADV
taxlaw-2791	776	9	ingenious	ingenious	ADJ
taxlaw-2791	776	10	and	and	CCONJ
taxlaw-2791	776	11	wonderfully	wonderfully	ADV
taxlaw-2791	776	12	complex	complex	ADJ
taxlaw-2791	776	13	solution	solution	NOUN
taxlaw-2791	776	14	that	that	PRON
taxlaw-2791	776	15	purports	purport	VERB
taxlaw-2791	776	16	to	to	PART
taxlaw-2791	776	17	disentangle	disentangle	VERB
taxlaw-2791	776	18	the	the	DET
taxlaw-2791	776	19	separate	separate	ADJ
taxlaw-2791	776	20	components	component	NOUN
taxlaw-2791	776	21	of	of	ADP
taxlaw-2791	776	22	a	a	DET
taxlaw-2791	776	23	service	service	NOUN
taxlaw-2791	776	24	provider	provider	NOUN
taxlaw-2791	776	25	’s	’s	PART
taxlaw-2791	776	26	return	return	NOUN
taxlaw-2791	776	27	:	:	PUNCT
taxlaw-2791	776	28	a	a	DET
taxlaw-2791	776	29	service	service	NOUN
taxlaw-2791	776	30	provider	provider	NOUN
taxlaw-2791	776	31	would	would	AUX
taxlaw-2791	776	32	be	be	AUX
taxlaw-2791	776	33	taxed	tax	VERB
taxlaw-2791	776	34	on	on	ADP
taxlaw-2791	776	35	a	a	DET
taxlaw-2791	776	36	constantly	constantly	ADV
taxlaw-2791	776	37	shifting	shift	VERB
taxlaw-2791	776	38	mix	mix	NOUN
taxlaw-2791	776	39	of	of	ADP
taxlaw-2791	776	40	ordinary	ordinary	ADJ
taxlaw-2791	776	41	income	income	NOUN
taxlaw-2791	776	42	from	from	ADP
taxlaw-2791	776	43	labor	labor	NOUN
taxlaw-2791	776	44	and	and	CCONJ
taxlaw-2791	776	45	capital	capital	NOUN
taxlaw-2791	776	46	gain	gain	NOUN
taxlaw-2791	776	47	from	from	ADP
taxlaw-2791	776	48	labor	labor	NOUN
taxlaw-2791	776	49	converted	convert	VERB
taxlaw-2791	776	50	into	into	ADP
taxlaw-2791	776	51	earned	earn	VERB
taxlaw-2791	776	52	capital	capital	NOUN
taxlaw-2791	776	53	.	.	PUNCT
taxlaw-2791	777	1	unfortunately	unfortunately	ADV
taxlaw-2791	777	2	,	,	PUNCT
taxlaw-2791	777	3	the	the	DET
taxlaw-2791	777	4	existing	exist	VERB
taxlaw-2791	777	5	capital	capital	NOUN
taxlaw-2791	777	6	account	account	NOUN
taxlaw-2791	777	7	system	system	NOUN
taxlaw-2791	777	8	is	be	AUX
taxlaw-2791	777	9	wholly	wholly	ADV
taxlaw-2791	777	10	inadequate	inadequate	ADJ
taxlaw-2791	777	11	to	to	PART
taxlaw-2791	777	12	prevent	prevent	VERB
taxlaw-2791	777	13	130	130	NUM
taxlaw-2791	777	14	.	.	PUNCT
taxlaw-2791	778	1	see	see	VERB
taxlaw-2791	778	2	sanchirico	sanchirico	NOUN
taxlaw-2791	778	3	,	,	PUNCT
taxlaw-2791	778	4	supra	supra	ADJ
taxlaw-2791	778	5	note	note	NOUN
taxlaw-2791	778	6	5	5	NUM
taxlaw-2791	778	7	,	,	PUNCT
taxlaw-2791	778	8	at	at	ADP
taxlaw-2791	778	9	1131–33	1131–33	NUM
taxlaw-2791	778	10	(	(	PUNCT
taxlaw-2791	778	11	discussing	discuss	VERB
taxlaw-2791	778	12	deferral	deferral	ADJ
taxlaw-2791	778	13	alternatives	alternative	NOUN
taxlaw-2791	778	14	)	)	PUNCT
taxlaw-2791	778	15	;	;	PUNCT
taxlaw-2791	778	16	i	i	PRON
taxlaw-2791	778	17	d.	d.	PROPN
taxlaw-2791	778	18	at	at	ADP
taxlaw-2791	778	19	1133	1133	NUM
taxlaw-2791	778	20	(	(	PUNCT
taxlaw-2791	778	21	suggesting	suggest	VERB
taxlaw-2791	778	22	the	the	DET
taxlaw-2791	778	23	strictures	stricture	NOUN
taxlaw-2791	778	24	of	of	ADP
taxlaw-2791	778	25	§	§	PROPN
taxlaw-2791	778	26	409a	409a	NOUN
taxlaw-2791	778	27	are	be	AUX
taxlaw-2791	778	28	“	"	PUNCT
taxlaw-2791	778	29	orthogonal	orthogonal	ADJ
taxlaw-2791	778	30	”	"	PUNCT
taxlaw-2791	778	31	to	to	ADP
taxlaw-2791	778	32	the	the	DET
taxlaw-2791	778	33	carried	carry	VERB
taxlaw-2791	778	34	interest	interest	NOUN
taxlaw-2791	778	35	debate	debate	NOUN
taxlaw-2791	778	36	because	because	SCONJ
taxlaw-2791	778	37	they	they	PRON
taxlaw-2791	778	38	are	be	AUX
taxlaw-2791	778	39	only	only	ADV
taxlaw-2791	778	40	intended	intend	VERB
taxlaw-2791	778	41	to	to	PART
taxlaw-2791	778	42	affect	affect	VERB
taxlaw-2791	778	43	“	"	PUNCT
taxlaw-2791	778	44	attempts	attempt	NOUN
taxlaw-2791	778	45	to	to	PART
taxlaw-2791	778	46	end	end	VERB
taxlaw-2791	778	47	run	run	VERB
taxlaw-2791	778	48	the	the	DET
taxlaw-2791	778	49	requirement	requirement	NOUN
taxlaw-2791	778	50	[	[	X
taxlaw-2791	778	51	that	that	SCONJ
taxlaw-2791	778	52	the	the	DET
taxlaw-2791	778	53	]	]	X
taxlaw-2791	778	54	promise	promise	NOUN
taxlaw-2791	778	55	of	of	ADP
taxlaw-2791	778	56	future	future	ADJ
taxlaw-2791	778	57	payment	payment	NOUN
taxlaw-2791	778	58	remain	remain	VERB
taxlaw-2791	778	59	subject	subject	ADJ
taxlaw-2791	778	60	to	to	ADP
taxlaw-2791	778	61	creditors	creditor	NOUN
taxlaw-2791	778	62	’	'	PUNCT
taxlaw-2791	778	63	claims	claim	NOUN
taxlaw-2791	778	64	”	"	PUNCT
taxlaw-2791	778	65	)	)	PUNCT
taxlaw-2791	778	66	.	.	PUNCT
taxlaw-2791	779	1	34	34	NUM
taxlaw-2791	779	2	columbia	columbia	PROPN
taxlaw-2791	779	3	jour	jour	PROPN
taxlaw-2791	779	4	�	�	PROPN
taxlaw-2791	779	5	al	al	PROPN
taxlaw-2791	779	6	of	of	ADP
taxlaw-2791	779	7	tax	tax	NOUN
taxlaw-2791	779	8	law	law	NOUN
taxlaw-2791	779	9	[	[	X
taxlaw-2791	779	10	vol	vol	NOUN
taxlaw-2791	779	11	.	.	PUNCT
taxlaw-2791	780	1	1:1	1:1	NUM
taxlaw-2791	780	2	understatement	understatement	NOUN
taxlaw-2791	780	3	of	of	ADP
taxlaw-2791	780	4	compensatory	compensatory	ADJ
taxlaw-2791	780	5	return	return	NOUN
taxlaw-2791	780	6	(	(	PUNCT
taxlaw-2791	780	7	and	and	CCONJ
taxlaw-2791	780	8	overstatement	overstatement	NOUN
taxlaw-2791	780	9	of	of	ADP
taxlaw-2791	780	10	investment	investment	NOUN
taxlaw-2791	780	11	return	return	NOUN
taxlaw-2791	780	12	)	)	PUNCT
taxlaw-2791	780	13	,	,	PUNCT
taxlaw-2791	780	14	and	and	CCONJ
taxlaw-2791	780	15	the	the	DET
taxlaw-2791	780	16	government	government	NOUN
taxlaw-2791	780	17	lacks	lack	VERB
taxlaw-2791	780	18	resources	resource	NOUN
taxlaw-2791	780	19	to	to	PART
taxlaw-2791	780	20	police	police	VERB
taxlaw-2791	780	21	self	self	NOUN
taxlaw-2791	780	22	-	-	PUNCT
taxlaw-2791	780	23	serving	serve	VERB
taxlaw-2791	780	24	misvaluations	misvaluation	NOUN
taxlaw-2791	780	25	.	.	PUNCT
taxlaw-2791	781	1	the	the	DET
taxlaw-2791	781	2	preferable	preferable	ADJ
taxlaw-2791	781	3	approach	approach	NOUN
taxlaw-2791	781	4	,	,	PUNCT
taxlaw-2791	781	5	assuming	assume	VERB
taxlaw-2791	781	6	§	§	PROPN
taxlaw-2791	781	7	710	710	NUM
taxlaw-2791	781	8	is	be	AUX
taxlaw-2791	781	9	enacted	enact	VERB
taxlaw-2791	781	10	,	,	PUNCT
taxlaw-2791	781	11	would	would	AUX
taxlaw-2791	781	12	be	be	AUX
taxlaw-2791	781	13	to	to	PART
taxlaw-2791	781	14	treat	treat	VERB
taxlaw-2791	781	15	a	a	DET
taxlaw-2791	781	16	service	service	NOUN
taxlaw-2791	781	17	partner	partner	NOUN
taxlaw-2791	781	18	’s	’s	PART
taxlaw-2791	781	19	entire	entire	ADJ
taxlaw-2791	781	20	profits	profit	NOUN
taxlaw-2791	781	21	share	share	NOUN
taxlaw-2791	781	22	as	as	ADP
taxlaw-2791	781	23	ordinary	ordinary	ADJ
taxlaw-2791	781	24	income	income	NOUN
taxlaw-2791	781	25	.	.	PUNCT
taxlaw-2791	782	1	a.	a.	PROPN
taxlaw-2791	782	2	earned	earn	VERB
taxlaw-2791	782	3	capital	capital	NOUN
taxlaw-2791	782	4	section	section	NOUN
taxlaw-2791	782	5	710	710	NUM
taxlaw-2791	782	6	rests	rest	NOUN
taxlaw-2791	782	7	on	on	ADP
taxlaw-2791	782	8	an	an	DET
taxlaw-2791	782	9	elaborate	elaborate	ADJ
taxlaw-2791	782	10	fiction	fiction	NOUN
taxlaw-2791	782	11	:	:	PUNCT
taxlaw-2791	782	12	gp	gp	NOUN
taxlaw-2791	782	13	is	be	AUX
taxlaw-2791	782	14	deemed	deem	VERB
taxlaw-2791	782	15	to	to	PART
taxlaw-2791	782	16	own	own	VERB
taxlaw-2791	782	17	qualified	qualified	ADJ
taxlaw-2791	782	18	capital	capital	NOUN
taxlaw-2791	782	19	before	before	SCONJ
taxlaw-2791	782	20	gp	gp	NOUN
taxlaw-2791	782	21	actually	actually	ADV
taxlaw-2791	782	22	earns	earn	VERB
taxlaw-2791	782	23	such	such	ADJ
taxlaw-2791	782	24	capital	capital	NOUN
taxlaw-2791	782	25	under	under	ADP
taxlaw-2791	782	26	the	the	DET
taxlaw-2791	782	27	terms	term	NOUN
taxlaw-2791	782	28	of	of	ADP
taxlaw-2791	782	29	the	the	DET
taxlaw-2791	782	30	partners	partner	NOUN
taxlaw-2791	782	31	’	'	PUNCT
taxlaw-2791	782	32	economic	economic	ADJ
taxlaw-2791	782	33	arrangement	arrangement	NOUN
taxlaw-2791	782	34	.	.	PUNCT
taxlaw-2791	783	1	if	if	SCONJ
taxlaw-2791	783	2	gp	gp	NOUN
taxlaw-2791	783	3	’s	’	VERB
taxlaw-2791	783	4	right	right	NOUN
taxlaw-2791	783	5	to	to	PART
taxlaw-2791	783	6	carry	carry	VERB
taxlaw-2791	783	7	is	be	AUX
taxlaw-2791	783	8	contingent	contingent	ADJ
taxlaw-2791	783	9	on	on	ADP
taxlaw-2791	783	10	attainment	attainment	NOUN
taxlaw-2791	783	11	of	of	ADP
taxlaw-2791	783	12	a	a	DET
taxlaw-2791	783	13	performance	performance	NOUN
taxlaw-2791	783	14	goal	goal	NOUN
taxlaw-2791	783	15	,	,	PUNCT
taxlaw-2791	783	16	profits	profit	NOUN
taxlaw-2791	783	17	allocations	allocation	NOUN
taxlaw-2791	783	18	to	to	ADP
taxlaw-2791	783	19	gp	gp	NOUN
taxlaw-2791	783	20	can	can	AUX
taxlaw-2791	783	21	not	not	PART
taxlaw-2791	783	22	have	have	VERB
taxlaw-2791	783	23	substantial	substantial	ADJ
taxlaw-2791	783	24	economic	economic	ADJ
taxlaw-2791	783	25	effect	effect	NOUN
taxlaw-2791	783	26	under	under	ADP
taxlaw-2791	783	27	the	the	DET
taxlaw-2791	783	28	§	§	PROPN
taxlaw-2791	783	29	704(b	704(b	PROPN
taxlaw-2791	783	30	)	)	PUNCT
taxlaw-2791	783	31	regulations	regulation	NOUN
taxlaw-2791	783	32	governing	govern	VERB
taxlaw-2791	783	33	allocation	allocation	NOUN
taxlaw-2791	783	34	of	of	ADP
taxlaw-2791	783	35	items	item	NOUN
taxlaw-2791	783	36	of	of	ADP
taxlaw-2791	783	37	income	income	NOUN
taxlaw-2791	783	38	and	and	CCONJ
taxlaw-2791	783	39	loss	loss	NOUN
taxlaw-2791	783	40	among	among	ADP
taxlaw-2791	783	41	partners.131	partners.131	PROPN
taxlaw-2791	783	42	the	the	DET
taxlaw-2791	783	43	reason	reason	NOUN
taxlaw-2791	783	44	why	why	SCONJ
taxlaw-2791	783	45	such	such	ADJ
taxlaw-2791	783	46	allocations	allocation	NOUN
taxlaw-2791	783	47	can	can	AUX
taxlaw-2791	783	48	not	not	PART
taxlaw-2791	783	49	have	have	VERB
taxlaw-2791	783	50	substantial	substantial	ADJ
taxlaw-2791	783	51	economic	economic	ADJ
taxlaw-2791	783	52	effect	effect	NOUN
taxlaw-2791	783	53	is	be	AUX
taxlaw-2791	783	54	quite	quite	ADV
taxlaw-2791	783	55	simple	simple	ADJ
taxlaw-2791	783	56	:	:	PUNCT
taxlaw-2791	783	57	if	if	SCONJ
taxlaw-2791	783	58	the	the	DET
taxlaw-2791	783	59	service	service	NOUN
taxlaw-2791	783	60	partner	partner	NOUN
taxlaw-2791	783	61	forfeits	forfeit	VERB
taxlaw-2791	783	62	his	his	PRON
taxlaw-2791	783	63	interest	interest	NOUN
taxlaw-2791	783	64	,	,	PUNCT
taxlaw-2791	783	65	he	he	PRON
taxlaw-2791	783	66	will	will	AUX
taxlaw-2791	783	67	never	never	ADV
taxlaw-2791	783	68	bear	bear	VERB
taxlaw-2791	783	69	the	the	DET
taxlaw-2791	783	70	burden	burden	NOUN
taxlaw-2791	783	71	or	or	CCONJ
taxlaw-2791	783	72	receive	receive	VERB
taxlaw-2791	783	73	the	the	DET
taxlaw-2791	783	74	benefit	benefit	NOUN
taxlaw-2791	783	75	of	of	ADP
taxlaw-2791	783	76	the	the	DET
taxlaw-2791	783	77	income	income	NOUN
taxlaw-2791	783	78	and	and	CCONJ
taxlaw-2791	783	79	loss	loss	NOUN
taxlaw-2791	783	80	allocated	allocate	VERB
taxlaw-2791	783	81	to	to	ADP
taxlaw-2791	783	82	him	he	PRON
taxlaw-2791	783	83	.	.	PUNCT
taxlaw-2791	784	1	nevertheless	nevertheless	ADV
taxlaw-2791	784	2	,	,	PUNCT
taxlaw-2791	784	3	§	§	PROPN
taxlaw-2791	784	4	710	710	NUM
taxlaw-2791	784	5	treats	treat	NOUN
taxlaw-2791	784	6	each	each	DET
taxlaw-2791	784	7	allocation	allocation	NOUN
taxlaw-2791	784	8	of	of	ADP
taxlaw-2791	784	9	profits	profit	NOUN
taxlaw-2791	784	10	to	to	PART
taxlaw-2791	784	11	gp	gp	VERB
taxlaw-2791	784	12	as	as	ADP
taxlaw-2791	784	13	a	a	DET
taxlaw-2791	784	14	closed	closed	ADJ
taxlaw-2791	784	15	transaction	transaction	NOUN
taxlaw-2791	784	16	with	with	ADP
taxlaw-2791	784	17	respect	respect	NOUN
taxlaw-2791	784	18	to	to	ADP
taxlaw-2791	784	19	a	a	DET
taxlaw-2791	784	20	portion	portion	NOUN
taxlaw-2791	784	21	of	of	ADP
taxlaw-2791	784	22	gp	gp	NOUN
taxlaw-2791	784	23	’s	’s	PART
taxlaw-2791	784	24	profits	profit	NOUN
taxlaw-2791	784	25	interest.132	interest.132	NOUN
taxlaw-2791	784	26	under	under	ADP
taxlaw-2791	784	27	this	this	DET
taxlaw-2791	784	28	closed	close	VERB
taxlaw-2791	784	29	transaction	transaction	NOUN
taxlaw-2791	784	30	approach	approach	NOUN
taxlaw-2791	784	31	,	,	PUNCT
taxlaw-2791	784	32	gp	gp	NOUN
taxlaw-2791	784	33	is	be	AUX
taxlaw-2791	784	34	treated	treat	VERB
taxlaw-2791	784	35	as	as	ADP
taxlaw-2791	784	36	owning	own	VERB
taxlaw-2791	784	37	an	an	DET
taxlaw-2791	784	38	increasing	increase	VERB
taxlaw-2791	784	39	share	share	NOUN
taxlaw-2791	784	40	of	of	ADP
taxlaw-2791	784	41	partnership	partnership	NOUN
taxlaw-2791	784	42	capital	capital	NOUN
taxlaw-2791	784	43	from	from	ADP
taxlaw-2791	784	44	reinvested	reinveste	VERB
taxlaw-2791	784	45	earnings	earning	NOUN
taxlaw-2791	784	46	even	even	ADV
taxlaw-2791	784	47	though	though	SCONJ
taxlaw-2791	784	48	gp	gp	NOUN
taxlaw-2791	784	49	may	may	AUX
taxlaw-2791	784	50	ultimately	ultimately	ADV
taxlaw-2791	784	51	forfeit	forfeit	VERB
taxlaw-2791	784	52	such	such	ADJ
taxlaw-2791	784	53	capital	capital	NOUN
taxlaw-2791	784	54	.	.	PUNCT
taxlaw-2791	785	1	when	when	SCONJ
taxlaw-2791	785	2	gp	gp	NOUN
taxlaw-2791	785	3	is	be	AUX
taxlaw-2791	785	4	taxed	tax	VERB
taxlaw-2791	785	5	on	on	ADP
taxlaw-2791	785	6	implicit	implicit	ADJ
taxlaw-2791	785	7	salary	salary	NOUN
taxlaw-2791	785	8	and	and	CCONJ
taxlaw-2791	785	9	leaves	leave	VERB
taxlaw-2791	785	10	the	the	DET
taxlaw-2791	785	11	salary	salary	NOUN
taxlaw-2791	785	12	in	in	ADP
taxlaw-2791	785	13	the	the	DET
taxlaw-2791	785	14	firm	firm	NOUN
taxlaw-2791	785	15	,	,	PUNCT
taxlaw-2791	785	16	§	§	PROPN
taxlaw-2791	785	17	710	710	NUM
taxlaw-2791	785	18	treats	treat	VERB
taxlaw-2791	785	19	the	the	DET
taxlaw-2791	785	20	arrangement	arrangement	NOUN
taxlaw-2791	785	21	as	as	ADP
taxlaw-2791	785	22	a	a	DET
taxlaw-2791	785	23	cash	cash	NOUN
taxlaw-2791	785	24	salary	salary	NOUN
taxlaw-2791	785	25	reinvestment	reinvestment	NOUN
taxlaw-2791	785	26	plan	plan	NOUN
taxlaw-2791	785	27	,	,	PUNCT
taxlaw-2791	785	28	analogous	analogous	ADJ
taxlaw-2791	785	29	to	to	ADP
taxlaw-2791	785	30	a	a	DET
taxlaw-2791	785	31	deferred	defer	VERB
taxlaw-2791	785	32	compensation	compensation	NOUN
taxlaw-2791	785	33	arrangement	arrangement	NOUN
taxlaw-2791	785	34	in	in	ADP
taxlaw-2791	785	35	which	which	PRON
taxlaw-2791	785	36	an	an	DET
taxlaw-2791	785	37	employee	employee	NOUN
taxlaw-2791	785	38	invests	invest	VERB
taxlaw-2791	785	39	through	through	ADP
taxlaw-2791	785	40	an	an	DET
taxlaw-2791	785	41	employer.133	employer.133	NOUN
taxlaw-2791	785	42	surprisingly	surprisingly	ADV
taxlaw-2791	785	43	,	,	PUNCT
taxlaw-2791	785	44	§	§	PROPN
taxlaw-2791	785	45	710	710	NUM
taxlaw-2791	785	46	did	do	AUX
taxlaw-2791	785	47	not	not	PART
taxlaw-2791	785	48	originally	originally	ADV
taxlaw-2791	785	49	include	include	VERB
taxlaw-2791	785	50	any	any	DET
taxlaw-2791	785	51	exception	exception	NOUN
taxlaw-2791	785	52	for	for	ADP
taxlaw-2791	785	53	earned	earn	VERB
taxlaw-2791	785	54	capital	capital	NOUN
taxlaw-2791	785	55	.	.	PUNCT
taxlaw-2791	786	1	quite	quite	ADV
taxlaw-2791	786	2	correctly	correctly	ADV
taxlaw-2791	786	3	,	,	PUNCT
taxlaw-2791	786	4	the	the	DET
taxlaw-2791	786	5	partnership	partnership	NOUN
taxlaw-2791	786	6	tax	tax	NOUN
taxlaw-2791	786	7	bar	bar	NOUN
taxlaw-2791	786	8	criticized	criticize	VERB
taxlaw-2791	786	9	this	this	DET
taxlaw-2791	786	10	omission	omission	NOUN
taxlaw-2791	786	11	as	as	ADP
taxlaw-2791	786	12	inconsistent	inconsistent	ADJ
taxlaw-2791	786	13	with	with	ADP
taxlaw-2791	786	14	distributive	distributive	ADJ
taxlaw-2791	786	15	-	-	PUNCT
taxlaw-2791	786	16	share	share	NOUN
taxlaw-2791	786	17	treatment	treatment	NOUN
taxlaw-2791	786	18	under	under	ADP
taxlaw-2791	786	19	the	the	DET
taxlaw-2791	786	20	normal	normal	ADJ
taxlaw-2791	786	21	rules	rule	NOUN
taxlaw-2791	786	22	of	of	ADP
taxlaw-2791	786	23	subchapter	subchapter	NOUN
taxlaw-2791	786	24	k.	k.	NOUN
taxlaw-2791	786	25	in	in	ADP
taxlaw-2791	786	26	response	response	NOUN
taxlaw-2791	786	27	to	to	ADP
taxlaw-2791	786	28	the	the	DET
taxlaw-2791	786	29	bar	bar	NOUN
taxlaw-2791	786	30	’s	’s	PART
taxlaw-2791	786	31	comments	comment	NOUN
taxlaw-2791	786	32	,	,	PUNCT
taxlaw-2791	786	33	the	the	DET
taxlaw-2791	786	34	current	current	ADJ
taxlaw-2791	786	35	bill	bill	NOUN
taxlaw-2791	786	36	expands	expand	VERB
taxlaw-2791	786	37	the	the	DET
taxlaw-2791	786	38	definition	definition	NOUN
taxlaw-2791	786	39	of	of	ADP
taxlaw-2791	786	40	qualified	qualified	ADJ
taxlaw-2791	786	41	capital	capital	NOUN
taxlaw-2791	786	42	to	to	PART
taxlaw-2791	786	43	include	include	VERB
taxlaw-2791	786	44	earned	earn	VERB
taxlaw-2791	786	45	capital	capital	NOUN
taxlaw-2791	786	46	attributable	attributable	ADJ
taxlaw-2791	786	47	to	to	ADP
taxlaw-2791	786	48	retained	retain	VERB
taxlaw-2791	786	49	earnings	earning	NOUN
taxlaw-2791	786	50	,	,	PUNCT
taxlaw-2791	786	51	thereby	thereby	ADV
taxlaw-2791	786	52	increasing	increase	VERB
taxlaw-2791	786	53	the	the	DET
taxlaw-2791	786	54	complexity	complexity	NOUN
taxlaw-2791	786	55	of	of	ADP
taxlaw-2791	786	56	the	the	DET
taxlaw-2791	786	57	partnership	partnership	NOUN
taxlaw-2791	786	58	rules	rule	NOUN
taxlaw-2791	786	59	which	which	PRON
taxlaw-2791	786	60	are	be	AUX
taxlaw-2791	786	61	“	"	PUNCT
taxlaw-2791	786	62	already	already	ADV
taxlaw-2791	786	63	formidably	formidably	ADV
taxlaw-2791	786	64	complex	complex	ADJ
taxlaw-2791	786	65	.	.	PUNCT
taxlaw-2791	786	66	”134	”134	PUNCT
taxlaw-2791	786	67	crediting	credit	VERB
taxlaw-2791	786	68	gp	gp	NOUN
taxlaw-2791	786	69	131	131	NUM
taxlaw-2791	786	70	.	.	PUNCT
taxlaw-2791	787	1	see	see	VERB
taxlaw-2791	787	2	treas	treas	PROPN
taxlaw-2791	787	3	.	.	PUNCT
taxlaw-2791	788	1	reg	reg	PROPN
taxlaw-2791	788	2	.	.	PUNCT
taxlaw-2791	789	1	§	§	PROPN
taxlaw-2791	789	2	1.704	1.704	NUM
taxlaw-2791	789	3	-	-	NUM
taxlaw-2791	789	4	1(b)(2	1(b)(2	NUM
taxlaw-2791	789	5	)	)	PUNCT
taxlaw-2791	789	6	(	(	PUNCT
taxlaw-2791	789	7	as	as	SCONJ
taxlaw-2791	789	8	amended	amend	VERB
taxlaw-2791	789	9	in	in	ADP
taxlaw-2791	789	10	2008	2008	NUM
taxlaw-2791	789	11	)	)	PUNCT
taxlaw-2791	789	12	.	.	PUNCT
taxlaw-2791	790	1	under	under	ADP
taxlaw-2791	790	2	the	the	DET
taxlaw-2791	790	3	2005	2005	NUM
taxlaw-2791	790	4	proposed	propose	VERB
taxlaw-2791	790	5	regulations	regulation	NOUN
taxlaw-2791	790	6	,	,	PUNCT
taxlaw-2791	790	7	special	special	ADJ
taxlaw-2791	790	8	allocations	allocation	NOUN
taxlaw-2791	790	9	to	to	ADP
taxlaw-2791	790	10	a	a	DET
taxlaw-2791	790	11	service	service	NOUN
taxlaw-2791	790	12	partner	partner	NOUN
taxlaw-2791	790	13	while	while	SCONJ
taxlaw-2791	790	14	his	his	PRON
taxlaw-2791	790	15	interest	interest	NOUN
taxlaw-2791	790	16	remains	remain	VERB
taxlaw-2791	790	17	subject	subject	ADJ
taxlaw-2791	790	18	to	to	ADP
taxlaw-2791	790	19	forfeiture	forfeiture	NOUN
taxlaw-2791	790	20	may	may	AUX
taxlaw-2791	790	21	be	be	AUX
taxlaw-2791	790	22	deemed	deem	VERB
taxlaw-2791	790	23	to	to	PART
taxlaw-2791	790	24	have	have	VERB
taxlaw-2791	790	25	economic	economic	ADJ
taxlaw-2791	790	26	effect	effect	NOUN
taxlaw-2791	790	27	if	if	SCONJ
taxlaw-2791	790	28	the	the	DET
taxlaw-2791	790	29	partners	partner	NOUN
taxlaw-2791	790	30	agree	agree	VERB
taxlaw-2791	790	31	to	to	PART
taxlaw-2791	790	32	elaborate	elaborate	VERB
taxlaw-2791	790	33	“	"	PUNCT
taxlaw-2791	790	34	forfeiture	forfeiture	NOUN
taxlaw-2791	790	35	allocations	allocation	NOUN
taxlaw-2791	790	36	.	.	PUNCT
taxlaw-2791	790	37	”	"	PUNCT
taxlaw-2791	791	1	prop	prop	NOUN
taxlaw-2791	791	2	.	.	PUNCT
taxlaw-2791	792	1	treas	treas	PROPN
taxlaw-2791	792	2	.	.	PUNCT
taxlaw-2791	793	1	reg	reg	PROPN
taxlaw-2791	793	2	.	.	PUNCT
taxlaw-2791	794	1	§	§	PROPN
taxlaw-2791	794	2	1.704	1.704	NUM
taxlaw-2791	794	3	-	-	SYM
taxlaw-2791	794	4	1(b)(4)(xii	1(b)(4)(xii	NUM
taxlaw-2791	794	5	)	)	PUNCT
taxlaw-2791	795	1	,	,	PUNCT
taxlaw-2791	795	2	70	70	NUM
taxlaw-2791	795	3	fed	feed	VERB
taxlaw-2791	795	4	.	.	PUNCT
taxlaw-2791	796	1	reg	reg	PROPN
taxlaw-2791	796	2	.	.	PUNCT
taxlaw-2791	797	1	29675	29675	NUM
taxlaw-2791	797	2	,	,	PUNCT
taxlaw-2791	797	3	29681	29681	NUM
taxlaw-2791	797	4	(	(	PUNCT
taxlaw-2791	797	5	may	may	AUX
taxlaw-2791	797	6	24	24	NUM
taxlaw-2791	797	7	,	,	PUNCT
taxlaw-2791	797	8	2005	2005	NUM
taxlaw-2791	797	9	)	)	PUNCT
taxlaw-2791	797	10	.	.	PUNCT
taxlaw-2791	798	1	132	132	NUM
taxlaw-2791	798	2	.	.	PUNCT
taxlaw-2791	799	1	by	by	ADP
taxlaw-2791	799	2	contrast	contrast	NOUN
taxlaw-2791	799	3	,	,	PUNCT
taxlaw-2791	799	4	a	a	DET
taxlaw-2791	799	5	dividend	dividend	NOUN
taxlaw-2791	799	6	on	on	ADP
taxlaw-2791	799	7	unvested	unvested	ADJ
taxlaw-2791	799	8	stock	stock	NOUN
taxlaw-2791	799	9	(	(	PUNCT
taxlaw-2791	799	10	absent	absent	ADJ
taxlaw-2791	799	11	a	a	DET
taxlaw-2791	799	12	§	§	PROPN
taxlaw-2791	799	13	83(b	83(b	NUM
taxlaw-2791	799	14	)	)	PUNCT
taxlaw-2791	799	15	election	election	NOUN
taxlaw-2791	799	16	)	)	PUNCT
taxlaw-2791	799	17	is	be	AUX
taxlaw-2791	799	18	treated	treat	VERB
taxlaw-2791	799	19	as	as	ADP
taxlaw-2791	799	20	compensation	compensation	NOUN
taxlaw-2791	799	21	income	income	NOUN
taxlaw-2791	799	22	.	.	PUNCT
taxlaw-2791	800	1	see	see	VERB
taxlaw-2791	800	2	treas	treas	PROPN
taxlaw-2791	800	3	.	.	PUNCT
taxlaw-2791	801	1	reg	reg	PROPN
taxlaw-2791	801	2	.	.	PUNCT
taxlaw-2791	802	1	§	§	PROPN
taxlaw-2791	802	2	1.83	1.83	NUM
taxlaw-2791	802	3	-	-	PUNCT
taxlaw-2791	802	4	1(a)(1	1(a)(1	NUM
taxlaw-2791	802	5	)	)	PUNCT
taxlaw-2791	802	6	(	(	PUNCT
taxlaw-2791	802	7	as	as	SCONJ
taxlaw-2791	802	8	amended	amend	VERB
taxlaw-2791	802	9	in	in	ADP
taxlaw-2791	802	10	2003	2003	NUM
taxlaw-2791	802	11	)	)	PUNCT
taxlaw-2791	802	12	.	.	PUNCT
taxlaw-2791	803	1	133	133	NUM
taxlaw-2791	803	2	.	.	PUNCT
taxlaw-2791	804	1	see	see	VERB
taxlaw-2791	804	2	sanchirico	sanchirico	NOUN
taxlaw-2791	804	3	,	,	PUNCT
taxlaw-2791	804	4	supra	supra	ADJ
taxlaw-2791	804	5	note	note	NOUN
taxlaw-2791	804	6	5	5	NUM
taxlaw-2791	804	7	,	,	PUNCT
taxlaw-2791	804	8	at	at	ADP
taxlaw-2791	804	9	1141	1141	NUM
taxlaw-2791	804	10	(	(	PUNCT
taxlaw-2791	804	11	referring	refer	VERB
taxlaw-2791	804	12	to	to	ADP
taxlaw-2791	804	13	cash	cash	NOUN
taxlaw-2791	804	14	salary	salary	NOUN
taxlaw-2791	804	15	reinvestment	reinvestment	NOUN
taxlaw-2791	804	16	plan	plan	NOUN
taxlaw-2791	804	17	)	)	PUNCT
taxlaw-2791	804	18	;	;	PUNCT
taxlaw-2791	804	19	gergen	gergen	X
taxlaw-2791	804	20	,	,	PUNCT
taxlaw-2791	804	21	supra	supra	PROPN
taxlaw-2791	804	22	note	note	NOUN
taxlaw-2791	804	23	12	12	NUM
taxlaw-2791	804	24	,	,	PUNCT
taxlaw-2791	804	25	at	at	ADP
taxlaw-2791	804	26	140	140	NUM
taxlaw-2791	804	27	(	(	PUNCT
taxlaw-2791	804	28	referring	refer	VERB
taxlaw-2791	804	29	to	to	ADP
taxlaw-2791	804	30	a	a	DET
taxlaw-2791	804	31	“	"	PUNCT
taxlaw-2791	804	32	‘	'	PUNCT
taxlaw-2791	804	33	compensation	compensation	NOUN
taxlaw-2791	804	34	reinvestment	reinvestment	NOUN
taxlaw-2791	804	35	plan	plan	NOUN
taxlaw-2791	804	36	’	'	PUNCT
taxlaw-2791	804	37	akin	akin	ADJ
taxlaw-2791	804	38	to	to	ADP
taxlaw-2791	804	39	a	a	DET
taxlaw-2791	804	40	dividend	dividend	NOUN
taxlaw-2791	804	41	reinvestment	reinvestment	NOUN
taxlaw-2791	804	42	plan	plan	NOUN
taxlaw-2791	804	43	”	"	PUNCT
taxlaw-2791	804	44	)	)	PUNCT
taxlaw-2791	804	45	.	.	PUNCT
taxlaw-2791	805	1	134	134	NUM
taxlaw-2791	805	2	.	.	PUNCT
taxlaw-2791	805	3	nysba	nysba	PROPN
taxlaw-2791	805	4	report	report	PROPN
taxlaw-2791	805	5	,	,	PUNCT
taxlaw-2791	805	6	supra	supra	PROPN
taxlaw-2791	805	7	note	note	PROPN
taxlaw-2791	805	8	11	11	NUM
taxlaw-2791	805	9	,	,	PUNCT
taxlaw-2791	805	10	at	at	ADP
taxlaw-2791	805	11	19	19	NUM
taxlaw-2791	805	12	;	;	PUNCT
taxlaw-2791	805	13	i	i	PRON
taxlaw-2791	805	14	d.	d.	PROPN
taxlaw-2791	805	15	at	at	ADP
taxlaw-2791	805	16	21	21	NUM
taxlaw-2791	805	17	(	(	PUNCT
taxlaw-2791	805	18	arguing	argue	VERB
taxlaw-2791	805	19	that	that	SCONJ
taxlaw-2791	805	20	the	the	DET
taxlaw-2791	805	21	former	former	ADJ
taxlaw-2791	805	22	definition	definition	NOUN
taxlaw-2791	805	23	of	of	ADP
taxlaw-2791	805	24	invested	invest	VERB
taxlaw-2791	805	25	capital	capital	NOUN
taxlaw-2791	805	26	was	be	AUX
taxlaw-2791	805	27	“	"	PUNCT
taxlaw-2791	805	28	far	far	ADV
taxlaw-2791	805	29	too	too	ADV
taxlaw-2791	805	30	restrictive	restrictive	ADJ
taxlaw-2791	805	31	”	"	PUNCT
taxlaw-2791	805	32	and	and	CCONJ
taxlaw-2791	805	33	would	would	AUX
taxlaw-2791	805	34	“	"	PUNCT
taxlaw-2791	805	35	grossly	grossly	ADV
taxlaw-2791	805	36	overstate	overstate	VERB
taxlaw-2791	805	37	”	"	PUNCT
taxlaw-2791	805	38	the	the	DET
taxlaw-2791	805	39	ordinary	ordinary	ADJ
taxlaw-2791	805	40	2010	2010	NUM
taxlaw-2791	805	41	]	]	PUNCT
taxlaw-2791	805	42	the	the	DET
taxlaw-2791	805	43	sou	sou	PROPN
taxlaw-2791	805	44	�	�	PROPN
taxlaw-2791	805	45	d	d	PROPN
taxlaw-2791	805	46	a	a	DET
taxlaw-2791	805	47	�	�	PROPN
taxlaw-2791	805	48	d	d	NOUN
taxlaw-2791	805	49	fury	fury	NOUN
taxlaw-2791	805	50	of	of	ADP
taxlaw-2791	805	51	carried	carry	VERB
taxlaw-2791	806	1	i	i	PRON
taxlaw-2791	806	2	�	�	VERB
taxlaw-2791	807	1	terest	ter	ADJ
taxlaw-2791	807	2	reform	reform	NOUN
taxlaw-2791	807	3	35	35	NUM
taxlaw-2791	807	4	with	with	ADP
taxlaw-2791	807	5	earned	earn	VERB
taxlaw-2791	807	6	capital	capital	NOUN
taxlaw-2791	807	7	attributable	attributable	ADJ
taxlaw-2791	807	8	to	to	ADP
taxlaw-2791	807	9	reinvested	reinveste	VERB
taxlaw-2791	807	10	salary	salary	NOUN
taxlaw-2791	807	11	is	be	AUX
taxlaw-2791	807	12	a	a	DET
taxlaw-2791	807	13	logical	logical	ADJ
taxlaw-2791	807	14	corollary	corollary	NOUN
taxlaw-2791	807	15	of	of	ADP
taxlaw-2791	807	16	§	§	PROPN
taxlaw-2791	807	17	710	710	NUM
taxlaw-2791	807	18	's	's	PART
taxlaw-2791	807	19	hybrid	hybrid	ADJ
taxlaw-2791	807	20	approach	approach	NOUN
taxlaw-2791	807	21	.	.	PUNCT
taxlaw-2791	808	1	in	in	ADP
taxlaw-2791	808	2	the	the	DET
taxlaw-2791	808	3	partnership	partnership	NOUN
taxlaw-2791	808	4	tax	tax	NOUN
taxlaw-2791	808	5	bar	bar	NOUN
taxlaw-2791	808	6	’s	’s	PART
taxlaw-2791	808	7	view	view	NOUN
taxlaw-2791	808	8	,	,	PUNCT
taxlaw-2791	808	9	treating	treat	VERB
taxlaw-2791	808	10	gp	gp	NOUN
taxlaw-2791	808	11	’s	’s	PART
taxlaw-2791	808	12	reinvested	reinveste	VERB
taxlaw-2791	808	13	salary	salary	NOUN
taxlaw-2791	808	14	as	as	SCONJ
taxlaw-2791	808	15	earned	earn	VERB
taxlaw-2791	808	16	capital	capital	NOUN
taxlaw-2791	808	17	simply	simply	ADV
taxlaw-2791	808	18	avoids	avoid	VERB
taxlaw-2791	808	19	the	the	DET
taxlaw-2791	808	20	need	need	NOUN
taxlaw-2791	808	21	for	for	ADP
taxlaw-2791	808	22	a	a	DET
taxlaw-2791	808	23	taxprompted	taxprompte	VERB
taxlaw-2791	808	24	distribution	distribution	NOUN
taxlaw-2791	808	25	followed	follow	VERB
taxlaw-2791	808	26	by	by	ADP
taxlaw-2791	808	27	a	a	DET
taxlaw-2791	808	28	contribution	contribution	NOUN
taxlaw-2791	808	29	of	of	ADP
taxlaw-2791	808	30	the	the	DET
taxlaw-2791	808	31	distributed	distribute	VERB
taxlaw-2791	808	32	amount	amount	NOUN
taxlaw-2791	808	33	.	.	PUNCT
taxlaw-2791	809	1	this	this	DET
taxlaw-2791	809	2	rationale	rationale	NOUN
taxlaw-2791	809	3	may	may	AUX
taxlaw-2791	809	4	not	not	PART
taxlaw-2791	809	5	be	be	AUX
taxlaw-2791	809	6	quite	quite	ADV
taxlaw-2791	809	7	right	right	ADJ
taxlaw-2791	809	8	,	,	PUNCT
taxlaw-2791	809	9	however	however	ADV
taxlaw-2791	809	10	,	,	PUNCT
taxlaw-2791	809	11	since	since	SCONJ
taxlaw-2791	809	12	gp	gp	NOUN
taxlaw-2791	809	13	’s	’s	PART
taxlaw-2791	809	14	earned	earn	VERB
taxlaw-2791	809	15	capital	capital	NOUN
taxlaw-2791	809	16	would	would	AUX
taxlaw-2791	809	17	not	not	PART
taxlaw-2791	809	18	necessarily	necessarily	ADV
taxlaw-2791	809	19	be	be	AUX
taxlaw-2791	809	20	burdened	burden	VERB
taxlaw-2791	809	21	with	with	ADP
taxlaw-2791	809	22	the	the	DET
taxlaw-2791	809	23	cost	cost	NOUN
taxlaw-2791	809	24	of	of	ADP
taxlaw-2791	809	25	the	the	DET
taxlaw-2791	809	26	carried	carry	VERB
taxlaw-2791	809	27	interest	interest	NOUN
taxlaw-2791	809	28	itself.135	itself.135	NOUN
taxlaw-2791	809	29	rather	rather	ADV
taxlaw-2791	809	30	,	,	PUNCT
taxlaw-2791	809	31	the	the	DET
taxlaw-2791	809	32	bifurcation	bifurcation	NOUN
taxlaw-2791	809	33	approach	approach	NOUN
taxlaw-2791	809	34	disaggregates	disaggregate	VERB
taxlaw-2791	809	35	gp	gp	PROPN
taxlaw-2791	809	36	’s	’s	PART
taxlaw-2791	809	37	return	return	NOUN
taxlaw-2791	809	38	without	without	ADP
taxlaw-2791	809	39	having	have	VERB
taxlaw-2791	809	40	any	any	DET
taxlaw-2791	809	41	affect	affect	NOUN
taxlaw-2791	809	42	on	on	ADP
taxlaw-2791	809	43	the	the	DET
taxlaw-2791	809	44	other	other	ADJ
taxlaw-2791	809	45	partners	partner	NOUN
taxlaw-2791	809	46	.	.	PUNCT
taxlaw-2791	810	1	this	this	DET
taxlaw-2791	810	2	peculiar	peculiar	ADJ
taxlaw-2791	810	3	approach	approach	NOUN
taxlaw-2791	810	4	is	be	AUX
taxlaw-2791	810	5	a	a	DET
taxlaw-2791	810	6	byproduct	byproduct	NOUN
taxlaw-2791	810	7	of	of	ADP
taxlaw-2791	810	8	the	the	DET
taxlaw-2791	810	9	decision	decision	NOUN
taxlaw-2791	810	10	to	to	PART
taxlaw-2791	810	11	leave	leave	VERB
taxlaw-2791	810	12	lp	lp	PROPN
taxlaw-2791	810	13	’s	’s	ADJ
taxlaw-2791	810	14	treatment	treatment	NOUN
taxlaw-2791	810	15	unchanged	unchanged	ADJ
taxlaw-2791	810	16	under	under	ADP
taxlaw-2791	810	17	§	§	PROPN
taxlaw-2791	810	18	710	710	NUM
taxlaw-2791	810	19	.	.	PUNCT
taxlaw-2791	811	1	because	because	SCONJ
taxlaw-2791	811	2	gp	gp	NOUN
taxlaw-2791	811	3	is	be	AUX
taxlaw-2791	811	4	entitled	entitle	VERB
taxlaw-2791	811	5	to	to	ADP
taxlaw-2791	811	6	an	an	DET
taxlaw-2791	811	7	investment	investment	NOUN
taxlaw-2791	811	8	return	return	NOUN
taxlaw-2791	811	9	on	on	ADP
taxlaw-2791	811	10	reinvested	reinveste	VERB
taxlaw-2791	811	11	salary	salary	NOUN
taxlaw-2791	811	12	,	,	PUNCT
taxlaw-2791	811	13	the	the	DET
taxlaw-2791	811	14	earned	earn	VERB
taxlaw-2791	811	15	capital	capital	NOUN
taxlaw-2791	811	16	exception	exception	NOUN
taxlaw-2791	811	17	is	be	AUX
taxlaw-2791	811	18	central	central	ADJ
taxlaw-2791	811	19	to	to	ADP
taxlaw-2791	811	20	the	the	DET
taxlaw-2791	811	21	operation	operation	NOUN
taxlaw-2791	811	22	of	of	ADP
taxlaw-2791	811	23	§	§	PROPN
taxlaw-2791	811	24	710	710	NUM
taxlaw-2791	811	25	.	.	PUNCT
taxlaw-2791	812	1	in	in	ADP
taxlaw-2791	812	2	effect	effect	NOUN
taxlaw-2791	812	3	,	,	PUNCT
taxlaw-2791	812	4	§	§	PROPN
taxlaw-2791	812	5	710	710	NUM
taxlaw-2791	812	6	subdivides	subdivide	VERB
taxlaw-2791	812	7	gp	gp	NOUN
taxlaw-2791	812	8	’s	’s	PART
taxlaw-2791	812	9	profits	profit	NOUN
taxlaw-2791	812	10	share	share	VERB
taxlaw-2791	812	11	into	into	ADP
taxlaw-2791	812	12	separate	separate	ADJ
taxlaw-2791	812	13	streams	stream	NOUN
taxlaw-2791	812	14	of	of	ADP
taxlaw-2791	812	15	income	income	NOUN
taxlaw-2791	812	16	and	and	CCONJ
taxlaw-2791	812	17	taxes	taxis	NOUN
taxlaw-2791	812	18	less	less	ADJ
taxlaw-2791	812	19	than	than	ADP
taxlaw-2791	812	20	gp	gp	NOUN
taxlaw-2791	812	21	’s	’s	PART
taxlaw-2791	812	22	entire	entire	ADJ
taxlaw-2791	812	23	profits	profit	NOUN
taxlaw-2791	812	24	allocation	allocation	NOUN
taxlaw-2791	812	25	as	as	ADP
taxlaw-2791	812	26	ordinary	ordinary	ADJ
taxlaw-2791	812	27	income	income	NOUN
taxlaw-2791	812	28	.	.	PUNCT
taxlaw-2791	813	1	the	the	DET
taxlaw-2791	813	2	disaggregation	disaggregation	NOUN
taxlaw-2791	813	3	(	(	PUNCT
taxlaw-2791	813	4	or	or	CCONJ
taxlaw-2791	813	5	carve	carve	VERB
taxlaw-2791	813	6	out	out	ADP
taxlaw-2791	813	7	)	)	PUNCT
taxlaw-2791	813	8	approach	approach	NOUN
taxlaw-2791	813	9	has	have	VERB
taxlaw-2791	813	10	no	no	DET
taxlaw-2791	813	11	counterpart	counterpart	NOUN
taxlaw-2791	813	12	under	under	ADP
taxlaw-2791	813	13	existing	exist	VERB
taxlaw-2791	813	14	subchapter	subchapter	NOUN
taxlaw-2791	813	15	k	k	NOUN
taxlaw-2791	813	16	:	:	PUNCT
taxlaw-2791	813	17	gp	gp	NOUN
taxlaw-2791	813	18	’s	’s	ADJ
taxlaw-2791	813	19	entire	entire	ADJ
taxlaw-2791	813	20	profits	profit	NOUN
taxlaw-2791	813	21	share	share	NOUN
taxlaw-2791	813	22	is	be	AUX
taxlaw-2791	813	23	reduced	reduce	VERB
taxlaw-2791	813	24	by	by	ADP
taxlaw-2791	813	25	the	the	DET
taxlaw-2791	813	26	carved	carve	VERB
taxlaw-2791	813	27	out	out	ADP
taxlaw-2791	813	28	investment	investment	NOUN
taxlaw-2791	813	29	return	return	NOUN
taxlaw-2791	813	30	on	on	ADP
taxlaw-2791	813	31	previously	previously	ADV
taxlaw-2791	813	32	-	-	PUNCT
taxlaw-2791	813	33	taxed	tax	VERB
taxlaw-2791	813	34	salary	salary	NOUN
taxlaw-2791	813	35	,	,	PUNCT
taxlaw-2791	813	36	and	and	CCONJ
taxlaw-2791	813	37	only	only	ADV
taxlaw-2791	813	38	the	the	DET
taxlaw-2791	813	39	reduced	reduce	VERB
taxlaw-2791	813	40	profits	profit	NOUN
taxlaw-2791	813	41	share	share	NOUN
taxlaw-2791	813	42	is	be	AUX
taxlaw-2791	813	43	taxed	tax	VERB
taxlaw-2791	813	44	as	as	ADP
taxlaw-2791	813	45	ordinary	ordinary	ADJ
taxlaw-2791	813	46	income	income	NOUN
taxlaw-2791	813	47	.	.	PUNCT
taxlaw-2791	814	1	consistent	consistent	ADJ
taxlaw-2791	814	2	with	with	ADP
taxlaw-2791	814	3	the	the	DET
taxlaw-2791	814	4	fundamental	fundamental	ADJ
taxlaw-2791	814	5	tradeoff	tradeoff	NOUN
taxlaw-2791	814	6	that	that	PRON
taxlaw-2791	814	7	leaves	leave	VERB
taxlaw-2791	814	8	lp	lp	PROPN
taxlaw-2791	814	9	’s	’s	PART
taxlaw-2791	814	10	treatment	treatment	NOUN
taxlaw-2791	814	11	unchanged	unchanged	ADJ
taxlaw-2791	814	12	,	,	PUNCT
taxlaw-2791	814	13	disaggregation	disaggregation	NOUN
taxlaw-2791	814	14	affects	affect	VERB
taxlaw-2791	814	15	only	only	ADV
taxlaw-2791	814	16	the	the	DET
taxlaw-2791	814	17	character	character	NOUN
taxlaw-2791	814	18	of	of	ADP
taxlaw-2791	814	19	gp	gp	NOUN
taxlaw-2791	814	20	’s	’s	PART
taxlaw-2791	814	21	overall	overall	ADJ
taxlaw-2791	814	22	return	return	NOUN
taxlaw-2791	814	23	(	(	PUNCT
taxlaw-2791	814	24	not	not	PART
taxlaw-2791	814	25	the	the	DET
taxlaw-2791	814	26	actual	actual	ADJ
taxlaw-2791	814	27	dollars	dollar	NOUN
taxlaw-2791	814	28	received	receive	VERB
taxlaw-2791	814	29	by	by	ADP
taxlaw-2791	814	30	gp	gp	NOUN
taxlaw-2791	814	31	)	)	PUNCT
taxlaw-2791	814	32	.	.	PUNCT
taxlaw-2791	815	1	section	section	NOUN
taxlaw-2791	815	2	710	710	NUM
taxlaw-2791	815	3	decomposes	decompose	NOUN
taxlaw-2791	815	4	gp	gp	NOUN
taxlaw-2791	815	5	’s	’s	PART
taxlaw-2791	815	6	profits	profit	NOUN
taxlaw-2791	815	7	share	share	VERB
taxlaw-2791	815	8	into	into	ADP
taxlaw-2791	815	9	two	two	NUM
taxlaw-2791	815	10	streams	stream	NOUN
taxlaw-2791	815	11	of	of	ADP
taxlaw-2791	815	12	income	income	NOUN
taxlaw-2791	815	13	,	,	PUNCT
taxlaw-2791	815	14	consisting	consist	VERB
taxlaw-2791	815	15	of	of	ADP
taxlaw-2791	815	16	ordinary	ordinary	ADJ
taxlaw-2791	815	17	income	income	NOUN
taxlaw-2791	815	18	(	(	PUNCT
taxlaw-2791	815	19	sourced	source	VERB
taxlaw-2791	815	20	to	to	PART
taxlaw-2791	815	21	gp	gp	VERB
taxlaw-2791	815	22	’s	’s	PART
taxlaw-2791	815	23	profits	profit	NOUN
taxlaw-2791	815	24	interest	interest	NOUN
taxlaw-2791	815	25	)	)	PUNCT
taxlaw-2791	815	26	and	and	CCONJ
taxlaw-2791	815	27	an	an	DET
taxlaw-2791	815	28	investment	investment	NOUN
taxlaw-2791	815	29	return	return	NOUN
taxlaw-2791	815	30	(	(	PUNCT
taxlaw-2791	815	31	sourced	source	VERB
taxlaw-2791	815	32	to	to	ADP
taxlaw-2791	815	33	reinvested	reinveste	VERB
taxlaw-2791	815	34	salary).136	salary).136	PROPN
taxlaw-2791	815	35	over	over	ADP
taxlaw-2791	815	36	time	time	NOUN
taxlaw-2791	815	37	,	,	PUNCT
taxlaw-2791	815	38	a	a	DET
taxlaw-2791	815	39	portion	portion	NOUN
taxlaw-2791	815	40	of	of	ADP
taxlaw-2791	815	41	p	p	X
taxlaw-2791	815	42	’s	’s	PART
taxlaw-2791	815	43	investment	investment	NOUN
taxlaw-2791	815	44	return	return	NOUN
taxlaw-2791	815	45	is	be	AUX
taxlaw-2791	815	46	shifted	shift	VERB
taxlaw-2791	815	47	from	from	ADP
taxlaw-2791	815	48	lp	lp	NOUN
taxlaw-2791	815	49	to	to	ADP
taxlaw-2791	815	50	gp	gp	VERB
taxlaw-2791	815	51	,	,	PUNCT
taxlaw-2791	815	52	as	as	SCONJ
taxlaw-2791	815	53	gp	gp	NOUN
taxlaw-2791	815	54	acquires	acquire	VERB
taxlaw-2791	815	55	an	an	DET
taxlaw-2791	815	56	increased	increased	ADJ
taxlaw-2791	815	57	proportional	proportional	ADJ
taxlaw-2791	815	58	interest	interest	NOUN
taxlaw-2791	815	59	in	in	ADP
taxlaw-2791	815	60	partnership	partnership	NOUN
taxlaw-2791	815	61	capital	capital	NOUN
taxlaw-2791	815	62	attributable	attributable	ADJ
taxlaw-2791	815	63	to	to	ADP
taxlaw-2791	815	64	retained	retain	VERB
taxlaw-2791	815	65	earnings	earning	NOUN
taxlaw-2791	815	66	.	.	PUNCT
taxlaw-2791	816	1	b.	b.	NOUN
taxlaw-2791	816	2	cash	cash	NOUN
taxlaw-2791	816	3	salary	salary	NOUN
taxlaw-2791	816	4	reinvestment	reinvestment	NOUN
taxlaw-2791	816	5	plan	plan	NOUN
taxlaw-2791	816	6	taxing	tax	VERB
taxlaw-2791	816	7	the	the	DET
taxlaw-2791	816	8	compensatory	compensatory	ADJ
taxlaw-2791	816	9	and	and	CCONJ
taxlaw-2791	816	10	investment	investment	NOUN
taxlaw-2791	816	11	components	component	NOUN
taxlaw-2791	816	12	of	of	ADP
taxlaw-2791	816	13	a	a	DET
taxlaw-2791	816	14	service	service	NOUN
taxlaw-2791	816	15	income	income	NOUN
taxlaw-2791	816	16	element	element	NOUN
taxlaw-2791	816	17	of	of	ADP
taxlaw-2791	816	18	a	a	DET
taxlaw-2791	816	19	service	service	NOUN
taxlaw-2791	816	20	partner	partner	NOUN
taxlaw-2791	816	21	’s	’s	PART
taxlaw-2791	816	22	interest	interest	NOUN
taxlaw-2791	816	23	)	)	PUNCT
taxlaw-2791	816	24	.	.	PUNCT
taxlaw-2791	817	1	the	the	DET
taxlaw-2791	817	2	earned	earn	VERB
taxlaw-2791	817	3	capital	capital	NOUN
taxlaw-2791	817	4	exception	exception	NOUN
taxlaw-2791	817	5	can	can	AUX
taxlaw-2791	817	6	be	be	AUX
taxlaw-2791	817	7	viewed	view	VERB
taxlaw-2791	817	8	as	as	ADP
taxlaw-2791	817	9	simply	simply	ADV
taxlaw-2791	817	10	an	an	DET
taxlaw-2791	817	11	extension	extension	NOUN
taxlaw-2791	817	12	of	of	ADP
taxlaw-2791	817	13	the	the	DET
taxlaw-2791	817	14	broader	broad	ADJ
taxlaw-2791	817	15	problem	problem	NOUN
taxlaw-2791	817	16	of	of	ADP
taxlaw-2791	817	17	determining	determine	VERB
taxlaw-2791	817	18	proportionality	proportionality	NOUN
taxlaw-2791	817	19	when	when	SCONJ
taxlaw-2791	817	20	a	a	DET
taxlaw-2791	817	21	service	service	NOUN
taxlaw-2791	817	22	partner	partner	NOUN
taxlaw-2791	817	23	acquires	acquire	VERB
taxlaw-2791	817	24	both	both	CCONJ
taxlaw-2791	817	25	a	a	DET
taxlaw-2791	817	26	capital	capital	NOUN
taxlaw-2791	817	27	interest	interest	NOUN
taxlaw-2791	817	28	and	and	CCONJ
taxlaw-2791	817	29	a	a	DET
taxlaw-2791	817	30	disproportionate	disproportionate	ADJ
taxlaw-2791	817	31	profits	profit	NOUN
taxlaw-2791	817	32	interest	interest	NOUN
taxlaw-2791	817	33	.	.	PUNCT
taxlaw-2791	818	1	135	135	NUM
taxlaw-2791	818	2	.	.	PUNCT
taxlaw-2791	819	1	see	see	VERB
taxlaw-2791	819	2	harvey	harvey	PROPN
taxlaw-2791	819	3	&	&	CCONJ
taxlaw-2791	819	4	sowell	sowell	PROPN
taxlaw-2791	819	5	,	,	PUNCT
taxlaw-2791	819	6	supra	supra	PROPN
taxlaw-2791	819	7	note	note	PROPN
taxlaw-2791	819	8	118	118	NUM
taxlaw-2791	819	9	,	,	PUNCT
taxlaw-2791	819	10	at	at	ADP
taxlaw-2791	819	11	9	9	NUM
taxlaw-2791	819	12	n.	n.	NOUN
taxlaw-2791	819	13	20	20	NUM
taxlaw-2791	819	14	.	.	PUNCT
taxlaw-2791	820	1	if	if	SCONJ
taxlaw-2791	820	2	gp	gp	PROPN
taxlaw-2791	820	3	actually	actually	ADV
taxlaw-2791	820	4	“	"	PUNCT
taxlaw-2791	820	5	purchased	purchase	VERB
taxlaw-2791	820	6	”	"	PUNCT
taxlaw-2791	820	7	an	an	DET
taxlaw-2791	820	8	additional	additional	ADJ
taxlaw-2791	820	9	capital	capital	NOUN
taxlaw-2791	820	10	interest	interest	NOUN
taxlaw-2791	820	11	in	in	ADP
taxlaw-2791	820	12	p	p	NOUN
taxlaw-2791	820	13	by	by	ADP
taxlaw-2791	820	14	reinvesting	reinveste	VERB
taxlaw-2791	820	15	salary	salary	NOUN
taxlaw-2791	820	16	,	,	PUNCT
taxlaw-2791	820	17	the	the	DET
taxlaw-2791	820	18	consequences	consequence	NOUN
taxlaw-2791	820	19	would	would	AUX
taxlaw-2791	820	20	be	be	AUX
taxlaw-2791	820	21	as	as	SCONJ
taxlaw-2791	820	22	follows	follow	VERB
taxlaw-2791	820	23	:	:	PUNCT
taxlaw-2791	820	24	(	(	PUNCT
taxlaw-2791	820	25	1	1	X
taxlaw-2791	820	26	)	)	PUNCT
taxlaw-2791	820	27	lp	lp	NOUN
taxlaw-2791	820	28	would	would	AUX
taxlaw-2791	820	29	be	be	AUX
taxlaw-2791	820	30	entitled	entitle	VERB
taxlaw-2791	820	31	to	to	ADP
taxlaw-2791	820	32	80	80	NUM
taxlaw-2791	820	33	%	%	NOUN
taxlaw-2791	820	34	of	of	ADP
taxlaw-2791	820	35	p	p	X
taxlaw-2791	820	36	’s	’s	PART
taxlaw-2791	820	37	entire	entire	ADJ
taxlaw-2791	820	38	investment	investment	NOUN
taxlaw-2791	820	39	less	less	ADV
taxlaw-2791	820	40	x%	x%	PUNCT
taxlaw-2791	820	41	attributable	attributable	ADJ
taxlaw-2791	820	42	to	to	ADP
taxlaw-2791	820	43	gp	gp	PROPN
taxlaw-2791	820	44	’s	’s	PART
taxlaw-2791	820	45	newlyacquired	newlyacquire	VERB
taxlaw-2791	820	46	interest	interest	NOUN
taxlaw-2791	820	47	,	,	PUNCT
taxlaw-2791	820	48	(	(	PUNCT
taxlaw-2791	820	49	2	2	X
taxlaw-2791	820	50	)	)	PUNCT
taxlaw-2791	820	51	gp	gp	NOUN
taxlaw-2791	820	52	’s	’s	PART
taxlaw-2791	820	53	x%	x%	NUM
taxlaw-2791	820	54	of	of	ADP
taxlaw-2791	820	55	the	the	DET
taxlaw-2791	820	56	investment	investment	NOUN
taxlaw-2791	820	57	return	return	NOUN
taxlaw-2791	820	58	would	would	AUX
taxlaw-2791	820	59	be	be	AUX
taxlaw-2791	820	60	stacked	stack	VERB
taxlaw-2791	820	61	on	on	ADP
taxlaw-2791	820	62	top	top	NOUN
taxlaw-2791	820	63	of	of	ADP
taxlaw-2791	820	64	gp	gp	NOUN
taxlaw-2791	820	65	’s	’s	PART
taxlaw-2791	820	66	undiminished	undiminishe	VERB
taxlaw-2791	820	67	profits	profit	NOUN
taxlaw-2791	820	68	share	share	NOUN
taxlaw-2791	820	69	and	and	CCONJ
taxlaw-2791	820	70	(	(	PUNCT
taxlaw-2791	820	71	3	3	X
taxlaw-2791	820	72	)	)	PUNCT
taxlaw-2791	820	73	gp	gp	NOUN
taxlaw-2791	820	74	would	would	AUX
taxlaw-2791	820	75	be	be	AUX
taxlaw-2791	820	76	treated	treat	VERB
taxlaw-2791	820	77	as	as	ADP
taxlaw-2791	820	78	paying	pay	VERB
taxlaw-2791	820	79	salary	salary	NOUN
taxlaw-2791	820	80	to	to	ADP
taxlaw-2791	820	81	himself	himself	PRON
taxlaw-2791	820	82	.	.	PUNCT
taxlaw-2791	821	1	clearly	clearly	ADV
taxlaw-2791	821	2	,	,	PUNCT
taxlaw-2791	821	3	the	the	DET
taxlaw-2791	821	4	parties	party	NOUN
taxlaw-2791	821	5	do	do	AUX
taxlaw-2791	821	6	not	not	PART
taxlaw-2791	821	7	intend	intend	VERB
taxlaw-2791	821	8	this	this	DET
taxlaw-2791	821	9	result	result	NOUN
taxlaw-2791	821	10	.	.	PUNCT
taxlaw-2791	822	1	136	136	NUM
taxlaw-2791	822	2	.	.	PUNCT
taxlaw-2791	823	1	unless	unless	SCONJ
taxlaw-2791	823	2	gp	gp	NOUN
taxlaw-2791	823	3	is	be	AUX
taxlaw-2791	823	4	treated	treat	VERB
taxlaw-2791	823	5	as	as	ADP
taxlaw-2791	823	6	having	have	VERB
taxlaw-2791	823	7	two	two	NUM
taxlaw-2791	823	8	separate	separate	ADJ
taxlaw-2791	823	9	partnership	partnership	NOUN
taxlaw-2791	823	10	interests	interest	NOUN
taxlaw-2791	823	11	,	,	PUNCT
taxlaw-2791	823	12	the	the	DET
taxlaw-2791	823	13	concept	concept	NOUN
taxlaw-2791	823	14	of	of	ADP
taxlaw-2791	823	15	earned	earn	VERB
taxlaw-2791	823	16	capital	capital	NOUN
taxlaw-2791	823	17	makes	make	VERB
taxlaw-2791	823	18	little	little	ADJ
taxlaw-2791	823	19	sense	sense	NOUN
taxlaw-2791	823	20	.	.	PUNCT
taxlaw-2791	824	1	nevertheless	nevertheless	ADV
taxlaw-2791	824	2	,	,	PUNCT
taxlaw-2791	824	3	prop	prop	NOUN
taxlaw-2791	824	4	.	.	PUNCT
taxlaw-2791	825	1	§	§	PROPN
taxlaw-2791	825	2	710	710	NUM
taxlaw-2791	825	3	retains	retain	VERB
taxlaw-2791	825	4	the	the	DET
taxlaw-2791	825	5	concept	concept	NOUN
taxlaw-2791	825	6	of	of	ADP
taxlaw-2791	825	7	a	a	DET
taxlaw-2791	825	8	unitary	unitary	ADJ
taxlaw-2791	825	9	partnership	partnership	NOUN
taxlaw-2791	825	10	basis	basis	NOUN
taxlaw-2791	825	11	.	.	PUNCT
taxlaw-2791	826	1	see	see	VERB
taxlaw-2791	826	2	joel	joel	PROPN
taxlaw-2791	826	3	scharfstein	scharfstein	PROPN
taxlaw-2791	826	4	,	,	PUNCT
taxlaw-2791	826	5	proposed	propose	VERB
taxlaw-2791	826	6	carried	carry	VERB
taxlaw-2791	826	7	interest	interest	NOUN
taxlaw-2791	826	8	legislation	legislation	NOUN
taxlaw-2791	826	9	:	:	PUNCT
taxlaw-2791	826	10	the	the	DET
taxlaw-2791	826	11	interaction	interaction	NOUN
taxlaw-2791	826	12	of	of	ADP
taxlaw-2791	826	13	invested	invest	VERB
taxlaw-2791	826	14	capital	capital	NOUN
taxlaw-2791	826	15	and	and	CCONJ
taxlaw-2791	826	16	book	book	NOUN
taxlaw-2791	826	17	-	-	PUNCT
taxlaw-2791	826	18	ups	up	NOUN
taxlaw-2791	826	19	,	,	PUNCT
taxlaw-2791	826	20	87	87	NUM
taxlaw-2791	826	21	taxes	taxis	NOUN
taxlaw-2791	826	22	151	151	NUM
taxlaw-2791	826	23	,	,	PUNCT
taxlaw-2791	826	24	153	153	NUM
taxlaw-2791	826	25	(	(	PUNCT
taxlaw-2791	826	26	2009	2009	NUM
taxlaw-2791	826	27	)	)	PUNCT
taxlaw-2791	826	28	(	(	PUNCT
taxlaw-2791	826	29	proposing	propose	VERB
taxlaw-2791	826	30	an	an	DET
taxlaw-2791	826	31	approach	approach	NOUN
taxlaw-2791	826	32	under	under	ADP
taxlaw-2791	826	33	which	which	PRON
taxlaw-2791	826	34	a	a	DET
taxlaw-2791	826	35	service	service	NOUN
taxlaw-2791	826	36	partner	partner	NOUN
taxlaw-2791	826	37	would	would	AUX
taxlaw-2791	826	38	be	be	AUX
taxlaw-2791	826	39	treated	treat	VERB
taxlaw-2791	826	40	as	as	ADP
taxlaw-2791	826	41	having	have	VERB
taxlaw-2791	826	42	“	"	PUNCT
taxlaw-2791	826	43	two	two	NUM
taxlaw-2791	826	44	interests	interest	NOUN
taxlaw-2791	826	45	,	,	PUNCT
taxlaw-2791	826	46	a	a	DET
taxlaw-2791	826	47	pure	pure	ADJ
taxlaw-2791	826	48	invested	invest	VERB
taxlaw-2791	826	49	capital	capital	NOUN
taxlaw-2791	826	50	interest	interest	NOUN
taxlaw-2791	826	51	and	and	CCONJ
taxlaw-2791	826	52	a	a	DET
taxlaw-2791	826	53	pure	pure	ADJ
taxlaw-2791	826	54	noninvested	noninveste	VERB
taxlaw-2791	826	55	capital	capital	NOUN
taxlaw-2791	826	56	interest	interest	NOUN
taxlaw-2791	826	57	”	"	PUNCT
taxlaw-2791	826	58	)	)	PUNCT
taxlaw-2791	826	59	.	.	PUNCT
taxlaw-2791	827	1	36	36	NUM
taxlaw-2791	827	2	columbia	columbia	PROPN
taxlaw-2791	827	3	jour	jour	PROPN
taxlaw-2791	827	4	�	�	PROPN
taxlaw-2791	827	5	al	al	PROPN
taxlaw-2791	827	6	of	of	ADP
taxlaw-2791	827	7	tax	tax	NOUN
taxlaw-2791	827	8	law	law	NOUN
taxlaw-2791	827	9	[	[	X
taxlaw-2791	827	10	vol	vol	NOUN
taxlaw-2791	827	11	.	.	PUNCT
taxlaw-2791	827	12	1:1	1:1	NUM
taxlaw-2791	828	1	partner	partner	NOUN
taxlaw-2791	828	2	’s	’s	PART
taxlaw-2791	828	3	return	return	NOUN
taxlaw-2791	828	4	may	may	AUX
taxlaw-2791	828	5	be	be	AUX
taxlaw-2791	828	6	viewed	view	VERB
taxlaw-2791	828	7	as	as	ADP
taxlaw-2791	828	8	posing	pose	VERB
taxlaw-2791	828	9	familiar	familiar	ADJ
taxlaw-2791	828	10	problems	problem	NOUN
taxlaw-2791	828	11	of	of	ADP
taxlaw-2791	828	12	deferred	defer	VERB
taxlaw-2791	828	13	compensation	compensation	NOUN
taxlaw-2791	828	14	when	when	SCONJ
taxlaw-2791	828	15	an	an	DET
taxlaw-2791	828	16	employee	employee	NOUN
taxlaw-2791	828	17	invests	invest	VERB
taxlaw-2791	828	18	deferred	defer	VERB
taxlaw-2791	828	19	salary	salary	NOUN
taxlaw-2791	828	20	through	through	ADP
taxlaw-2791	828	21	an	an	DET
taxlaw-2791	828	22	employer	employer	NOUN
taxlaw-2791	828	23	.	.	PUNCT
taxlaw-2791	829	1	if	if	SCONJ
taxlaw-2791	829	2	gp	gp	NOUN
taxlaw-2791	829	3	actually	actually	ADV
taxlaw-2791	829	4	received	receive	VERB
taxlaw-2791	829	5	cash	cash	NOUN
taxlaw-2791	829	6	compensation	compensation	NOUN
taxlaw-2791	829	7	(	(	PUNCT
taxlaw-2791	829	8	rather	rather	ADV
taxlaw-2791	829	9	than	than	ADP
taxlaw-2791	829	10	carry	carry	VERB
taxlaw-2791	829	11	)	)	PUNCT
taxlaw-2791	829	12	and	and	CCONJ
taxlaw-2791	829	13	reinvested	reinveste	VERB
taxlaw-2791	829	14	the	the	DET
taxlaw-2791	829	15	cash	cash	NOUN
taxlaw-2791	829	16	compensation	compensation	NOUN
taxlaw-2791	829	17	in	in	ADP
taxlaw-2791	829	18	the	the	DET
taxlaw-2791	829	19	partnership	partnership	NOUN
taxlaw-2791	829	20	,	,	PUNCT
taxlaw-2791	829	21	gp	gp	PROPN
taxlaw-2791	829	22	would	would	AUX
taxlaw-2791	829	23	be	be	AUX
taxlaw-2791	829	24	entitled	entitle	VERB
taxlaw-2791	829	25	to	to	ADP
taxlaw-2791	829	26	an	an	DET
taxlaw-2791	829	27	investment	investment	NOUN
taxlaw-2791	829	28	return	return	NOUN
taxlaw-2791	829	29	taxed	tax	VERB
taxlaw-2791	829	30	potentially	potentially	ADV
taxlaw-2791	829	31	as	as	ADP
taxlaw-2791	829	32	capital	capital	NOUN
taxlaw-2791	829	33	gain	gain	NOUN
taxlaw-2791	829	34	.	.	PUNCT
taxlaw-2791	830	1	as	as	SCONJ
taxlaw-2791	830	2	illustrated	illustrate	VERB
taxlaw-2791	830	3	below	below	ADV
taxlaw-2791	830	4	,	,	PUNCT
taxlaw-2791	830	5	the	the	DET
taxlaw-2791	830	6	imputed	impute	VERB
taxlaw-2791	830	7	cash	cash	NOUN
taxlaw-2791	830	8	salary	salary	NOUN
taxlaw-2791	830	9	reinvestment	reinvestment	NOUN
taxlaw-2791	830	10	plan	plan	NOUN
taxlaw-2791	830	11	is	be	AUX
taxlaw-2791	830	12	equivalent	equivalent	ADJ
taxlaw-2791	830	13	to	to	ADP
taxlaw-2791	830	14	(	(	PUNCT
taxlaw-2791	830	15	1	1	X
taxlaw-2791	830	16	)	)	PUNCT
taxlaw-2791	830	17	taxing	tax	VERB
taxlaw-2791	830	18	gp	gp	NOUN
taxlaw-2791	830	19	on	on	ADP
taxlaw-2791	830	20	the	the	DET
taxlaw-2791	830	21	discounted	discount	VERB
taxlaw-2791	830	22	present	present	ADJ
taxlaw-2791	830	23	value	value	NOUN
taxlaw-2791	830	24	of	of	ADP
taxlaw-2791	830	25	gp	gp	NOUN
taxlaw-2791	830	26	’s	’s	PART
taxlaw-2791	830	27	implicit	implicit	ADJ
taxlaw-2791	830	28	salary	salary	NOUN
taxlaw-2791	830	29	at	at	ADP
taxlaw-2791	830	30	ordinary	ordinary	ADJ
taxlaw-2791	830	31	income	income	NOUN
taxlaw-2791	830	32	rates	rate	NOUN
taxlaw-2791	830	33	and	and	CCONJ
taxlaw-2791	830	34	(	(	PUNCT
taxlaw-2791	830	35	2	2	X
taxlaw-2791	830	36	)	)	PUNCT
taxlaw-2791	830	37	taxing	tax	VERB
taxlaw-2791	830	38	gp	gp	NOUN
taxlaw-2791	831	1	(	(	PUNCT
taxlaw-2791	831	2	at	at	ADP
taxlaw-2791	831	3	gp	gp	NOUN
taxlaw-2791	831	4	’s	’s	PART
taxlaw-2791	831	5	rates	rate	NOUN
taxlaw-2791	831	6	)	)	PUNCT
taxlaw-2791	831	7	on	on	ADP
taxlaw-2791	831	8	investment	investment	NOUN
taxlaw-2791	831	9	gain	gain	NOUN
taxlaw-2791	831	10	(	(	PUNCT
taxlaw-2791	831	11	otherwise	otherwise	ADV
taxlaw-2791	831	12	taxable	taxable	ADJ
taxlaw-2791	831	13	to	to	ADP
taxlaw-2791	831	14	lp	lp	NOUN
taxlaw-2791	831	15	at	at	ADP
taxlaw-2791	831	16	a	a	DET
taxlaw-2791	831	17	zero	zero	NUM
taxlaw-2791	831	18	rate	rate	NOUN
taxlaw-2791	831	19	)	)	PUNCT
taxlaw-2791	831	20	that	that	PRON
taxlaw-2791	831	21	accrues	accrue	VERB
taxlaw-2791	831	22	on	on	ADP
taxlaw-2791	831	23	gp	gp	NOUN
taxlaw-2791	831	24	’s	’s	PART
taxlaw-2791	831	25	reinvested	reinveste	VERB
taxlaw-2791	831	26	salary	salary	NOUN
taxlaw-2791	831	27	at	at	ADP
taxlaw-2791	831	28	the	the	DET
taxlaw-2791	831	29	rate	rate	NOUN
taxlaw-2791	831	30	of	of	ADP
taxlaw-2791	831	31	return	return	NOUN
taxlaw-2791	831	32	earned	earn	VERB
taxlaw-2791	831	33	by	by	ADP
taxlaw-2791	831	34	p.	p.	NOUN
taxlaw-2791	831	35	since	since	SCONJ
taxlaw-2791	831	36	gp	gp	NOUN
taxlaw-2791	831	37	is	be	AUX
taxlaw-2791	831	38	taxed	tax	VERB
taxlaw-2791	831	39	at	at	ADP
taxlaw-2791	831	40	a	a	DET
taxlaw-2791	831	41	higher	high	ADJ
taxlaw-2791	831	42	rate	rate	NOUN
taxlaw-2791	831	43	than	than	ADP
taxlaw-2791	831	44	tax	tax	NOUN
taxlaw-2791	831	45	-	-	PUNCT
taxlaw-2791	831	46	exempt	exempt	ADJ
taxlaw-2791	831	47	lp	lp	NOUN
taxlaw-2791	831	48	,	,	PUNCT
taxlaw-2791	831	49	shifting	shift	VERB
taxlaw-2791	831	50	investment	investment	NOUN
taxlaw-2791	831	51	income	income	NOUN
taxlaw-2791	831	52	from	from	ADP
taxlaw-2791	831	53	lp	lp	NOUN
taxlaw-2791	831	54	to	to	ADP
taxlaw-2791	831	55	gp	gp	NOUN
taxlaw-2791	831	56	should	should	AUX
taxlaw-2791	831	57	,	,	PUNCT
taxlaw-2791	831	58	in	in	ADP
taxlaw-2791	831	59	theory	theory	NOUN
taxlaw-2791	831	60	,	,	PUNCT
taxlaw-2791	831	61	be	be	AUX
taxlaw-2791	831	62	tax	tax	NOUN
taxlaw-2791	831	63	disadvantageous	disadvantageous	ADJ
taxlaw-2791	831	64	.	.	PUNCT
taxlaw-2791	832	1	the	the	DET
taxlaw-2791	832	2	extra	extra	ADJ
taxlaw-2791	832	3	tax	tax	NOUN
taxlaw-2791	832	4	burden	burden	NOUN
taxlaw-2791	832	5	should	should	AUX
taxlaw-2791	832	6	be	be	AUX
taxlaw-2791	832	7	equal	equal	ADJ
taxlaw-2791	832	8	to	to	ADP
taxlaw-2791	832	9	the	the	DET
taxlaw-2791	832	10	capital	capital	NOUN
taxlaw-2791	832	11	gain	gain	VERB
taxlaw-2791	832	12	tax	tax	NOUN
taxlaw-2791	832	13	(	(	PUNCT
taxlaw-2791	832	14	at	at	ADP
taxlaw-2791	832	15	gp	gp	NOUN
taxlaw-2791	832	16	’s	’s	PART
taxlaw-2791	832	17	rate	rate	NOUN
taxlaw-2791	832	18	)	)	PUNCT
taxlaw-2791	832	19	on	on	ADP
taxlaw-2791	832	20	the	the	DET
taxlaw-2791	832	21	shifted	shift	VERB
taxlaw-2791	832	22	investment	investment	NOUN
taxlaw-2791	832	23	income	income	NOUN
taxlaw-2791	832	24	that	that	PRON
taxlaw-2791	832	25	would	would	AUX
taxlaw-2791	832	26	otherwise	otherwise	ADV
taxlaw-2791	832	27	be	be	AUX
taxlaw-2791	832	28	taxed	tax	VERB
taxlaw-2791	832	29	at	at	ADP
taxlaw-2791	832	30	lp	lp	NOUN
taxlaw-2791	832	31	’s	’s	PART
taxlaw-2791	832	32	zero	zero	NUM
taxlaw-2791	832	33	rate	rate	NOUN
taxlaw-2791	832	34	.	.	PUNCT
taxlaw-2791	833	1	if	if	SCONJ
taxlaw-2791	833	2	§	§	PROPN
taxlaw-2791	833	3	710	710	NUM
taxlaw-2791	833	4	actually	actually	ADV
taxlaw-2791	833	5	increases	increase	VERB
taxlaw-2791	833	6	the	the	DET
taxlaw-2791	833	7	partners	partner	NOUN
taxlaw-2791	833	8	’	'	PUNCT
taxlaw-2791	833	9	joint	joint	ADJ
taxlaw-2791	833	10	-	-	PUNCT
taxlaw-2791	833	11	tax	tax	NOUN
taxlaw-2791	833	12	liability	liability	NOUN
taxlaw-2791	833	13	,	,	PUNCT
taxlaw-2791	833	14	however	however	ADV
taxlaw-2791	833	15	,	,	PUNCT
taxlaw-2791	833	16	the	the	DET
taxlaw-2791	833	17	partnership	partnership	NOUN
taxlaw-2791	833	18	could	could	AUX
taxlaw-2791	833	19	potentially	potentially	ADV
taxlaw-2791	833	20	work	work	VERB
taxlaw-2791	833	21	around	around	ADP
taxlaw-2791	833	22	§	§	PROPN
taxlaw-2791	833	23	710	710	NUM
taxlaw-2791	833	24	by	by	ADP
taxlaw-2791	833	25	substituting	substitute	VERB
taxlaw-2791	833	26	an	an	DET
taxlaw-2791	833	27	option	option	NOUN
taxlaw-2791	833	28	for	for	ADP
taxlaw-2791	833	29	a	a	DET
taxlaw-2791	833	30	profits	profit	NOUN
taxlaw-2791	833	31	interests	interest	NOUN
taxlaw-2791	833	32	.	.	PUNCT
taxlaw-2791	834	1	if	if	SCONJ
taxlaw-2791	834	2	such	such	ADJ
taxlaw-2791	834	3	substitution	substitution	NOUN
taxlaw-2791	834	4	does	do	AUX
taxlaw-2791	834	5	not	not	PART
taxlaw-2791	834	6	occur	occur	VERB
taxlaw-2791	834	7	,	,	PUNCT
taxlaw-2791	834	8	one	one	NUM
taxlaw-2791	834	9	reason	reason	NOUN
taxlaw-2791	834	10	may	may	AUX
taxlaw-2791	834	11	be	be	AUX
taxlaw-2791	834	12	that	that	SCONJ
taxlaw-2791	834	13	§	§	PROPN
taxlaw-2791	834	14	710	710	NUM
taxlaw-2791	834	15	would	would	AUX
taxlaw-2791	834	16	provide	provide	VERB
taxlaw-2791	834	17	opportunities	opportunity	NOUN
taxlaw-2791	834	18	to	to	PART
taxlaw-2791	834	19	understate	understate	VERB
taxlaw-2791	834	20	the	the	DET
taxlaw-2791	834	21	compensation	compensation	NOUN
taxlaw-2791	834	22	component	component	NOUN
taxlaw-2791	834	23	of	of	ADP
taxlaw-2791	834	24	gp	gp	NOUN
taxlaw-2791	834	25	’s	’s	PART
taxlaw-2791	834	26	return	return	NOUN
taxlaw-2791	834	27	,	,	PUNCT
taxlaw-2791	834	28	saving	save	VERB
taxlaw-2791	834	29	taxes	taxis	NOUN
taxlaw-2791	834	30	equal	equal	ADJ
taxlaw-2791	834	31	to	to	ADP
taxlaw-2791	834	32	the	the	DET
taxlaw-2791	834	33	difference	difference	NOUN
taxlaw-2791	834	34	between	between	ADP
taxlaw-2791	834	35	the	the	DET
taxlaw-2791	834	36	ordinary	ordinary	ADJ
taxlaw-2791	834	37	income	income	NOUN
taxlaw-2791	834	38	tax	tax	NOUN
taxlaw-2791	834	39	rate	rate	NOUN
taxlaw-2791	834	40	(	(	PUNCT
taxlaw-2791	834	41	35	35	NUM
taxlaw-2791	834	42	%	%	NOUN
taxlaw-2791	834	43	)	)	PUNCT
taxlaw-2791	834	44	and	and	CCONJ
taxlaw-2791	834	45	the	the	DET
taxlaw-2791	834	46	capital	capital	NOUN
taxlaw-2791	834	47	gain	gain	NOUN
taxlaw-2791	834	48	rate	rate	NOUN
taxlaw-2791	834	49	(	(	PUNCT
taxlaw-2791	834	50	15	15	NUM
taxlaw-2791	834	51	%	%	NOUN
taxlaw-2791	834	52	)	)	PUNCT
taxlaw-2791	834	53	.	.	PUNCT
taxlaw-2791	835	1	stated	state	VERB
taxlaw-2791	835	2	differently	differently	ADV
taxlaw-2791	835	3	,	,	PUNCT
taxlaw-2791	835	4	§	§	PROPN
taxlaw-2791	835	5	710	710	NUM
taxlaw-2791	835	6	could	could	AUX
taxlaw-2791	835	7	reintroduce	reintroduce	VERB
taxlaw-2791	835	8	similar	similar	ADJ
taxlaw-2791	835	9	capital	capital	NOUN
taxlaw-2791	835	10	-	-	PUNCT
taxlaw-2791	835	11	gain	gain	NOUN
taxlaw-2791	835	12	conversion	conversion	NOUN
taxlaw-2791	835	13	opportunities	opportunity	NOUN
taxlaw-2791	835	14	as	as	ADP
taxlaw-2791	835	15	under	under	ADP
taxlaw-2791	835	16	existing	exist	VERB
taxlaw-2791	835	17	profits	profit	NOUN
taxlaw-2791	835	18	treatment	treatment	NOUN
taxlaw-2791	835	19	.	.	PUNCT
taxlaw-2791	836	1	from	from	ADP
taxlaw-2791	836	2	the	the	DET
taxlaw-2791	836	3	government	government	NOUN
taxlaw-2791	836	4	’s	’s	PART
taxlaw-2791	836	5	perspective	perspective	NOUN
taxlaw-2791	836	6	,	,	PUNCT
taxlaw-2791	836	7	§	§	PROPN
taxlaw-2791	836	8	710	710	NUM
taxlaw-2791	836	9	may	may	AUX
taxlaw-2791	836	10	thus	thus	ADV
taxlaw-2791	836	11	be	be	AUX
taxlaw-2791	836	12	less	less	ADV
taxlaw-2791	836	13	advantageous	advantageous	ADJ
taxlaw-2791	836	14	than	than	ADP
taxlaw-2791	836	15	taxing	tax	VERB
taxlaw-2791	836	16	gp	gp	NOUN
taxlaw-2791	836	17	in	in	ADP
taxlaw-2791	836	18	the	the	DET
taxlaw-2791	836	19	same	same	ADJ
taxlaw-2791	836	20	manner	manner	NOUN
taxlaw-2791	836	21	as	as	ADP
taxlaw-2791	836	22	an	an	DET
taxlaw-2791	836	23	option	option	NOUN
taxlaw-2791	836	24	holder	holder	NOUN
taxlaw-2791	836	25	.	.	PUNCT
taxlaw-2791	837	1	deferring	defer	VERB
taxlaw-2791	837	2	tax	tax	NOUN
taxlaw-2791	837	3	until	until	ADP
taxlaw-2791	837	4	exercise	exercise	NOUN
taxlaw-2791	837	5	of	of	ADP
taxlaw-2791	837	6	an	an	DET
taxlaw-2791	837	7	option	option	NOUN
taxlaw-2791	837	8	is	be	AUX
taxlaw-2791	837	9	equivalent	equivalent	ADJ
taxlaw-2791	837	10	to	to	ADP
taxlaw-2791	837	11	taxing	tax	VERB
taxlaw-2791	837	12	investment	investment	NOUN
taxlaw-2791	837	13	return	return	NOUN
taxlaw-2791	837	14	at	at	ADP
taxlaw-2791	837	15	a	a	DET
taxlaw-2791	837	16	zero	zero	NUM
taxlaw-2791	837	17	rate	rate	NOUN
taxlaw-2791	837	18	but	but	CCONJ
taxlaw-2791	837	19	taxing	tax	VERB
taxlaw-2791	837	20	gp	gp	NOUN
taxlaw-2791	837	21	’s	’s	PART
taxlaw-2791	837	22	implicit	implicit	ADJ
taxlaw-2791	837	23	salary	salary	NOUN
taxlaw-2791	837	24	and	and	CCONJ
taxlaw-2791	837	25	the	the	DET
taxlaw-2791	837	26	earnings	earning	NOUN
taxlaw-2791	837	27	on	on	ADP
taxlaw-2791	837	28	such	such	ADJ
taxlaw-2791	837	29	implicit	implicit	ADJ
taxlaw-2791	837	30	salary	salary	NOUN
taxlaw-2791	837	31	at	at	ADP
taxlaw-2791	837	32	ordinary	ordinary	ADJ
taxlaw-2791	837	33	income	income	NOUN
taxlaw-2791	837	34	rates	rate	NOUN
taxlaw-2791	837	35	.	.	PUNCT
taxlaw-2791	838	1	leaving	leave	VERB
taxlaw-2791	838	2	aside	aside	ADV
taxlaw-2791	838	3	who	who	PRON
taxlaw-2791	838	4	is	be	AUX
taxlaw-2791	838	5	taxed	tax	VERB
taxlaw-2791	838	6	on	on	ADP
taxlaw-2791	838	7	the	the	DET
taxlaw-2791	838	8	investment	investment	NOUN
taxlaw-2791	838	9	return	return	NOUN
taxlaw-2791	838	10	(	(	PUNCT
taxlaw-2791	838	11	lp	lp	NOUN
taxlaw-2791	838	12	or	or	CCONJ
taxlaw-2791	838	13	gp	gp	NOUN
taxlaw-2791	838	14	)	)	PUNCT
taxlaw-2791	838	15	,	,	PUNCT
taxlaw-2791	838	16	option	option	NOUN
taxlaw-2791	838	17	treatment	treatment	NOUN
taxlaw-2791	838	18	does	do	AUX
taxlaw-2791	838	19	not	not	PART
taxlaw-2791	838	20	permit	permit	VERB
taxlaw-2791	838	21	capital	capital	NOUN
taxlaw-2791	838	22	-	-	PUNCT
taxlaw-2791	838	23	gain	gain	NOUN
taxlaw-2791	838	24	conversion	conversion	NOUN
taxlaw-2791	838	25	because	because	SCONJ
taxlaw-2791	838	26	the	the	DET
taxlaw-2791	838	27	total	total	ADJ
taxlaw-2791	838	28	amount	amount	NOUN
taxlaw-2791	838	29	received	receive	VERB
taxlaw-2791	838	30	on	on	ADP
taxlaw-2791	838	31	exercise	exercise	NOUN
taxlaw-2791	838	32	is	be	AUX
taxlaw-2791	838	33	taxed	tax	VERB
taxlaw-2791	838	34	at	at	ADP
taxlaw-2791	838	35	ordinary	ordinary	ADJ
taxlaw-2791	838	36	income	income	NOUN
taxlaw-2791	838	37	rates	rate	NOUN
taxlaw-2791	838	38	.	.	PUNCT
taxlaw-2791	839	1	example	example	NOUN
taxlaw-2791	839	2	(	(	PUNCT
taxlaw-2791	839	3	4)—coinvestment	4)—coinvestment	NUM
taxlaw-2791	839	4	by	by	ADP
taxlaw-2791	839	5	gp	gp	NOUN
taxlaw-2791	839	6	and	and	CCONJ
taxlaw-2791	839	7	government	government	NOUN
taxlaw-2791	839	8	.	.	PUNCT
taxlaw-2791	840	1	at	at	ADP
taxlaw-2791	840	2	the	the	DET
taxlaw-2791	840	3	beginning	beginning	NOUN
taxlaw-2791	840	4	of	of	ADP
taxlaw-2791	840	5	year	year	NOUN
taxlaw-2791	840	6	1	1	NUM
taxlaw-2791	840	7	,	,	PUNCT
taxlaw-2791	840	8	gp	gp	NOUN
taxlaw-2791	840	9	and	and	CCONJ
taxlaw-2791	840	10	lp	lp	ADP
taxlaw-2791	840	11	form	form	NOUN
taxlaw-2791	840	12	p	p	X
taxlaw-2791	840	13	,	,	PUNCT
taxlaw-2791	840	14	an	an	DET
taxlaw-2791	840	15	investment	investment	NOUN
taxlaw-2791	840	16	partnership	partnership	NOUN
taxlaw-2791	840	17	.	.	PUNCT
taxlaw-2791	841	1	gp	gp	PROPN
taxlaw-2791	841	2	receives	receive	VERB
taxlaw-2791	841	3	a	a	DET
taxlaw-2791	841	4	20	20	NUM
taxlaw-2791	841	5	%	%	NOUN
taxlaw-2791	841	6	interest	interest	NOUN
taxlaw-2791	841	7	in	in	ADP
taxlaw-2791	841	8	p	p	X
taxlaw-2791	841	9	’s	’s	PART
taxlaw-2791	841	10	profits	profit	NOUN
taxlaw-2791	841	11	(	(	PUNCT
taxlaw-2791	841	12	with	with	ADP
taxlaw-2791	841	13	a	a	DET
taxlaw-2791	841	14	liquidation	liquidation	NOUN
taxlaw-2791	841	15	value	value	NOUN
taxlaw-2791	841	16	of	of	ADP
taxlaw-2791	841	17	zero	zero	NUM
taxlaw-2791	841	18	)	)	PUNCT
taxlaw-2791	841	19	;	;	PUNCT
taxlaw-2791	841	20	lp	lp	PRON
taxlaw-2791	841	21	contributes	contribute	VERB
taxlaw-2791	841	22	$	$	SYM
taxlaw-2791	841	23	100	100	NUM
taxlaw-2791	841	24	and	and	CCONJ
taxlaw-2791	841	25	is	be	AUX
taxlaw-2791	841	26	entitled	entitle	VERB
taxlaw-2791	841	27	to	to	ADP
taxlaw-2791	841	28	the	the	DET
taxlaw-2791	841	29	remaining	remain	VERB
taxlaw-2791	841	30	80	80	NUM
taxlaw-2791	841	31	%	%	NOUN
taxlaw-2791	841	32	of	of	ADP
taxlaw-2791	841	33	p	p	X
taxlaw-2791	841	34	’s	’s	PART
taxlaw-2791	841	35	profits	profit	NOUN
taxlaw-2791	841	36	.	.	PUNCT
taxlaw-2791	842	1	p	p	X
taxlaw-2791	842	2	’s	’s	NOUN
taxlaw-2791	842	3	assets	asset	NOUN
taxlaw-2791	842	4	double	double	ADJ
taxlaw-2791	842	5	in	in	ADP
taxlaw-2791	842	6	value	value	NOUN
taxlaw-2791	842	7	each	each	DET
taxlaw-2791	842	8	year	year	NOUN
taxlaw-2791	842	9	,	,	PUNCT
taxlaw-2791	842	10	and	and	CCONJ
taxlaw-2791	842	11	p	p	NOUN
taxlaw-2791	842	12	realizes	realize	VERB
taxlaw-2791	842	13	gain	gain	NOUN
taxlaw-2791	842	14	of	of	ADP
taxlaw-2791	842	15	$	$	SYM
taxlaw-2791	842	16	100	100	NUM
taxlaw-2791	842	17	in	in	ADP
taxlaw-2791	842	18	year	year	NOUN
taxlaw-2791	842	19	1	1	NUM
taxlaw-2791	842	20	,	,	PUNCT
taxlaw-2791	842	21	$	$	SYM
taxlaw-2791	842	22	200	200	NUM
taxlaw-2791	842	23	in	in	ADP
taxlaw-2791	842	24	year	year	NOUN
taxlaw-2791	842	25	2	2	NUM
taxlaw-2791	842	26	,	,	PUNCT
taxlaw-2791	842	27	and	and	CCONJ
taxlaw-2791	842	28	$	$	SYM
taxlaw-2791	842	29	400	400	NUM
taxlaw-2791	842	30	in	in	ADP
taxlaw-2791	842	31	year	year	NOUN
taxlaw-2791	842	32	3	3	NUM
taxlaw-2791	842	33	.	.	PUNCT
taxlaw-2791	843	1	all	all	DET
taxlaw-2791	843	2	profits	profit	NOUN
taxlaw-2791	843	3	are	be	AUX
taxlaw-2791	843	4	retained	retain	VERB
taxlaw-2791	843	5	until	until	ADP
taxlaw-2791	843	6	liquidation	liquidation	NOUN
taxlaw-2791	843	7	of	of	ADP
taxlaw-2791	843	8	p	p	NOUN
taxlaw-2791	843	9	at	at	ADP
taxlaw-2791	843	10	the	the	DET
taxlaw-2791	843	11	end	end	NOUN
taxlaw-2791	843	12	of	of	ADP
taxlaw-2791	843	13	year	year	NOUN
taxlaw-2791	843	14	3	3	NUM
taxlaw-2791	843	15	.	.	NOUN
taxlaw-2791	843	16	upon	upon	SCONJ
taxlaw-2791	843	17	formation	formation	NOUN
taxlaw-2791	843	18	,	,	PUNCT
taxlaw-2791	843	19	lp	lp	PROPN
taxlaw-2791	843	20	owns	own	VERB
taxlaw-2791	843	21	all	all	PRON
taxlaw-2791	843	22	of	of	ADP
taxlaw-2791	843	23	p	p	X
taxlaw-2791	843	24	’s	’s	PART
taxlaw-2791	843	25	capital	capital	NOUN
taxlaw-2791	843	26	.	.	PUNCT
taxlaw-2791	844	1	on	on	ADP
taxlaw-2791	844	2	december	december	PROPN
taxlaw-2791	844	3	31	31	NUM
taxlaw-2791	844	4	,	,	PUNCT
taxlaw-2791	844	5	year	year	NOUN
taxlaw-2791	844	6	1	1	NUM
taxlaw-2791	844	7	,	,	PUNCT
taxlaw-2791	844	8	p	p	NOUN
taxlaw-2791	844	9	pays	pay	VERB
taxlaw-2791	844	10	implicit	implicit	ADJ
taxlaw-2791	844	11	salary	salary	NOUN
taxlaw-2791	844	12	of	of	ADP
taxlaw-2791	844	13	$	$	SYM
taxlaw-2791	844	14	20	20	NUM
taxlaw-2791	844	15	to	to	PART
taxlaw-2791	844	16	gp	gp	VERB
taxlaw-2791	844	17	(	(	PUNCT
taxlaw-2791	844	18	20	20	NUM
taxlaw-2791	844	19	%	%	NOUN
taxlaw-2791	844	20	x	x	SYM
taxlaw-2791	844	21	$	$	SYM
taxlaw-2791	844	22	100	100	NUM
taxlaw-2791	844	23	gain	gain	NOUN
taxlaw-2791	844	24	)	)	PUNCT
taxlaw-2791	844	25	taxed	tax	VERB
taxlaw-2791	844	26	entirely	entirely	ADV
taxlaw-2791	844	27	as	as	ADP
taxlaw-2791	844	28	ordinary	ordinary	ADJ
taxlaw-2791	844	29	income	income	NOUN
taxlaw-2791	844	30	.	.	PUNCT
taxlaw-2791	845	1	in	in	ADP
taxlaw-2791	845	2	each	each	DET
taxlaw-2791	845	3	subsequent	subsequent	ADJ
taxlaw-2791	845	4	year	year	NOUN
taxlaw-2791	845	5	,	,	PUNCT
taxlaw-2791	845	6	gp	gp	NOUN
taxlaw-2791	845	7	is	be	AUX
taxlaw-2791	845	8	allocated	allocate	VERB
taxlaw-2791	845	9	20	20	NUM
taxlaw-2791	845	10	%	%	NOUN
taxlaw-2791	845	11	of	of	ADP
taxlaw-2791	845	12	profits	profit	NOUN
taxlaw-2791	845	13	(	(	PUNCT
taxlaw-2791	845	14	$	$	SYM
taxlaw-2791	845	15	40	40	NUM
taxlaw-2791	845	16	in	in	ADP
taxlaw-2791	845	17	year	year	NOUN
taxlaw-2791	845	18	2	2	NUM
taxlaw-2791	845	19	and	and	CCONJ
taxlaw-2791	845	20	$	$	SYM
taxlaw-2791	845	21	80	80	NUM
taxlaw-2791	845	22	in	in	ADP
taxlaw-2791	845	23	year	year	NOUN
taxlaw-2791	845	24	3	3	NUM
taxlaw-2791	845	25	)	)	PUNCT
taxlaw-2791	845	26	.	.	PUNCT
taxlaw-2791	846	1	under	under	ADP
taxlaw-2791	846	2	the	the	DET
taxlaw-2791	846	3	cash	cash	NOUN
taxlaw-2791	846	4	salary	salary	NOUN
taxlaw-2791	846	5	reinvestment	reinvestment	NOUN
taxlaw-2791	846	6	plan	plan	NOUN
taxlaw-2791	846	7	,	,	PUNCT
taxlaw-2791	846	8	gp	gp	PROPN
taxlaw-2791	846	9	is	be	AUX
taxlaw-2791	846	10	credited	credit	VERB
taxlaw-2791	846	11	with	with	ADP
taxlaw-2791	846	12	earned	earn	VERB
taxlaw-2791	846	13	capital	capital	NOUN
taxlaw-2791	846	14	of	of	ADP
taxlaw-2791	846	15	$	$	SYM
taxlaw-2791	846	16	20	20	NUM
taxlaw-2791	846	17	from	from	ADP
taxlaw-2791	846	18	gp	gp	NOUN
taxlaw-2791	846	19	’s	’s	PART
taxlaw-2791	846	20	share	share	NOUN
taxlaw-2791	846	21	of	of	ADP
taxlaw-2791	846	22	year	year	NOUN
taxlaw-2791	846	23	1	1	NUM
taxlaw-2791	846	24	profits	profit	NOUN
taxlaw-2791	846	25	;	;	PUNCT
taxlaw-2791	846	26	at	at	ADP
taxlaw-2791	846	27	the	the	DET
taxlaw-2791	846	28	rate	rate	NOUN
taxlaw-2791	846	29	of	of	ADP
taxlaw-2791	846	30	appreciation	appreciation	NOUN
taxlaw-2791	846	31	of	of	ADP
taxlaw-2791	846	32	the	the	DET
taxlaw-2791	846	33	2010	2010	NUM
taxlaw-2791	846	34	]	]	PUNCT
taxlaw-2791	846	35	the	the	DET
taxlaw-2791	846	36	sou	sou	PROPN
taxlaw-2791	846	37	�	�	PROPN
taxlaw-2791	846	38	d	d	PROPN
taxlaw-2791	846	39	a	a	DET
taxlaw-2791	846	40	�	�	PROPN
taxlaw-2791	846	41	d	d	NOUN
taxlaw-2791	846	42	fury	fury	NOUN
taxlaw-2791	846	43	of	of	ADP
taxlaw-2791	846	44	carried	carry	VERB
taxlaw-2791	846	45	i	i	PRON
taxlaw-2791	846	46	�	�	VERB
taxlaw-2791	846	47	terest	ter	ADJ
taxlaw-2791	846	48	reform	reform	NOUN
taxlaw-2791	846	49	37	37	NUM
taxlaw-2791	846	50	partnership	partnership	NOUN
taxlaw-2791	846	51	’s	’s	PART
taxlaw-2791	846	52	assets	asset	NOUN
taxlaw-2791	846	53	,	,	PUNCT
taxlaw-2791	846	54	gp	gp	NOUN
taxlaw-2791	846	55	’s	’s	PART
taxlaw-2791	846	56	earned	earn	VERB
taxlaw-2791	846	57	capital	capital	NOUN
taxlaw-2791	846	58	of	of	ADP
taxlaw-2791	846	59	$	$	SYM
taxlaw-2791	846	60	20	20	NUM
taxlaw-2791	846	61	would	would	AUX
taxlaw-2791	846	62	grow	grow	VERB
taxlaw-2791	846	63	to	to	ADP
taxlaw-2791	846	64	$	$	SYM
taxlaw-2791	846	65	80	80	NUM
taxlaw-2791	846	66	(	(	PUNCT
taxlaw-2791	846	67	$	$	SYM
taxlaw-2791	846	68	20	20	NUM
taxlaw-2791	846	69	x	x	SYM
taxlaw-2791	846	70	2	2	NUM
taxlaw-2791	846	71	x	x	SYM
taxlaw-2791	846	72	2	2	NUM
taxlaw-2791	846	73	)	)	PUNCT
taxlaw-2791	846	74	at	at	ADP
taxlaw-2791	846	75	the	the	DET
taxlaw-2791	846	76	end	end	NOUN
taxlaw-2791	846	77	of	of	ADP
taxlaw-2791	846	78	year	year	NOUN
taxlaw-2791	846	79	3	3	NUM
taxlaw-2791	846	80	.	.	PUNCT
taxlaw-2791	847	1	thus	thus	ADV
taxlaw-2791	847	2	,	,	PUNCT
taxlaw-2791	847	3	gp	gp	NOUN
taxlaw-2791	847	4	’s	’s	PART
taxlaw-2791	847	5	share	share	NOUN
taxlaw-2791	847	6	of	of	ADP
taxlaw-2791	847	7	year	year	NOUN
taxlaw-2791	847	8	2	2	NUM
taxlaw-2791	847	9	profits	profit	NOUN
taxlaw-2791	847	10	is	be	AUX
taxlaw-2791	847	11	taxed	tax	VERB
taxlaw-2791	847	12	partly	partly	ADV
taxlaw-2791	847	13	as	as	ADP
taxlaw-2791	847	14	ordinary	ordinary	ADJ
taxlaw-2791	847	15	income	income	NOUN
taxlaw-2791	847	16	(	(	PUNCT
taxlaw-2791	847	17	$	$	SYM
taxlaw-2791	847	18	20	20	NUM
taxlaw-2791	847	19	)	)	PUNCT
taxlaw-2791	847	20	and	and	CCONJ
taxlaw-2791	847	21	partly	partly	ADV
taxlaw-2791	847	22	as	as	ADP
taxlaw-2791	847	23	capital	capital	NOUN
taxlaw-2791	847	24	gain	gain	NOUN
taxlaw-2791	847	25	(	(	PUNCT
taxlaw-2791	847	26	$	$	SYM
taxlaw-2791	847	27	20	20	NUM
taxlaw-2791	847	28	,	,	PUNCT
taxlaw-2791	847	29	i.e.	i.e.	X
taxlaw-2791	847	30	,	,	PUNCT
taxlaw-2791	847	31	the	the	DET
taxlaw-2791	847	32	investment	investment	NOUN
taxlaw-2791	847	33	return	return	NOUN
taxlaw-2791	847	34	on	on	ADP
taxlaw-2791	847	35	gp	gp	NOUN
taxlaw-2791	847	36	’s	’s	PART
taxlaw-2791	847	37	unwithdrawn	unwithdrawn	ADJ
taxlaw-2791	847	38	salary	salary	NOUN
taxlaw-2791	847	39	from	from	ADP
taxlaw-2791	847	40	the	the	DET
taxlaw-2791	847	41	prior	prior	ADJ
taxlaw-2791	847	42	year	year	NOUN
taxlaw-2791	847	43	)	)	PUNCT
taxlaw-2791	847	44	.	.	PUNCT
taxlaw-2791	848	1	gp	gp	NOUN
taxlaw-2791	848	2	’s	’s	PART
taxlaw-2791	848	3	share	share	NOUN
taxlaw-2791	848	4	of	of	ADP
taxlaw-2791	848	5	year	year	NOUN
taxlaw-2791	848	6	3	3	NUM
taxlaw-2791	848	7	profits	profit	NOUN
taxlaw-2791	848	8	is	be	AUX
taxlaw-2791	848	9	again	again	ADV
taxlaw-2791	848	10	taxed	tax	VERB
taxlaw-2791	848	11	partly	partly	ADV
taxlaw-2791	848	12	as	as	ADP
taxlaw-2791	848	13	ordinary	ordinary	ADJ
taxlaw-2791	848	14	income	income	NOUN
taxlaw-2791	848	15	(	(	PUNCT
taxlaw-2791	848	16	$	$	SYM
taxlaw-2791	848	17	20	20	NUM
taxlaw-2791	848	18	)	)	PUNCT
taxlaw-2791	848	19	and	and	CCONJ
taxlaw-2791	848	20	partly	partly	ADV
taxlaw-2791	848	21	as	as	ADP
taxlaw-2791	848	22	capital	capital	NOUN
taxlaw-2791	848	23	gain	gain	NOUN
taxlaw-2791	848	24	(	(	PUNCT
taxlaw-2791	848	25	$	$	SYM
taxlaw-2791	848	26	60	60	NUM
taxlaw-2791	848	27	,	,	PUNCT
taxlaw-2791	848	28	i.e.	i.e.	X
taxlaw-2791	848	29	,	,	PUNCT
taxlaw-2791	848	30	the	the	DET
taxlaw-2791	848	31	investment	investment	NOUN
taxlaw-2791	848	32	return	return	NOUN
taxlaw-2791	848	33	on	on	ADP
taxlaw-2791	848	34	gp	gp	NOUN
taxlaw-2791	848	35	’s	’s	PART
taxlaw-2791	848	36	unwithdrawn	unwithdrawn	ADJ
taxlaw-2791	848	37	salary	salary	NOUN
taxlaw-2791	848	38	from	from	ADP
taxlaw-2791	848	39	both	both	DET
taxlaw-2791	848	40	prior	prior	ADJ
taxlaw-2791	848	41	years).137	years).137	NOUN
taxlaw-2791	848	42	if	if	SCONJ
taxlaw-2791	848	43	the	the	DET
taxlaw-2791	848	44	tax	tax	NOUN
taxlaw-2791	848	45	on	on	ADP
taxlaw-2791	848	46	gp	gp	NOUN
taxlaw-2791	848	47	’s	’s	PART
taxlaw-2791	848	48	salary	salary	NOUN
taxlaw-2791	848	49	is	be	AUX
taxlaw-2791	848	50	deferred	defer	VERB
taxlaw-2791	848	51	,	,	PUNCT
taxlaw-2791	848	52	the	the	DET
taxlaw-2791	848	53	result	result	NOUN
taxlaw-2791	848	54	is	be	AUX
taxlaw-2791	848	55	that	that	SCONJ
taxlaw-2791	848	56	gp	gp	NOUN
taxlaw-2791	848	57	will	will	AUX
taxlaw-2791	848	58	eventually	eventually	ADV
taxlaw-2791	848	59	be	be	AUX
taxlaw-2791	848	60	taxed	tax	VERB
taxlaw-2791	848	61	at	at	ADP
taxlaw-2791	848	62	ordinary	ordinary	ADJ
taxlaw-2791	848	63	income	income	NOUN
taxlaw-2791	848	64	rates	rate	NOUN
taxlaw-2791	848	65	on	on	ADP
taxlaw-2791	848	66	the	the	DET
taxlaw-2791	848	67	accumulated	accumulate	VERB
taxlaw-2791	848	68	amount	amount	NOUN
taxlaw-2791	848	69	(	(	PUNCT
taxlaw-2791	848	70	both	both	CCONJ
taxlaw-2791	848	71	the	the	DET
taxlaw-2791	848	72	original	original	ADJ
taxlaw-2791	848	73	compensation	compensation	NOUN
taxlaw-2791	848	74	and	and	CCONJ
taxlaw-2791	848	75	investment	investment	NOUN
taxlaw-2791	848	76	return	return	NOUN
taxlaw-2791	848	77	)	)	PUNCT
taxlaw-2791	848	78	when	when	SCONJ
taxlaw-2791	848	79	withdrawn	withdraw	VERB
taxlaw-2791	848	80	from	from	ADP
taxlaw-2791	848	81	the	the	DET
taxlaw-2791	848	82	partnership	partnership	NOUN
taxlaw-2791	848	83	.	.	PUNCT
taxlaw-2791	849	1	deferral	deferral	ADV
taxlaw-2791	849	2	of	of	ADP
taxlaw-2791	849	3	the	the	DET
taxlaw-2791	849	4	tax	tax	NOUN
taxlaw-2791	849	5	means	mean	VERB
taxlaw-2791	849	6	that	that	SCONJ
taxlaw-2791	849	7	gp	gp	NOUN
taxlaw-2791	849	8	and	and	CCONJ
taxlaw-2791	849	9	the	the	DET
taxlaw-2791	849	10	government	government	NOUN
taxlaw-2791	849	11	effectively	effectively	ADV
taxlaw-2791	849	12	become	become	VERB
taxlaw-2791	849	13	co	co	NOUN
taxlaw-2791	849	14	-	-	NOUN
taxlaw-2791	849	15	investors	investor	NOUN
taxlaw-2791	849	16	in	in	ADP
taxlaw-2791	849	17	p	p	X
taxlaw-2791	849	18	;	;	PUNCT
taxlaw-2791	849	19	as	as	ADP
taxlaw-2791	849	20	a	a	DET
taxlaw-2791	849	21	co	co	NOUN
taxlaw-2791	849	22	-	-	NOUN
taxlaw-2791	849	23	investor	investor	NOUN
taxlaw-2791	849	24	,	,	PUNCT
taxlaw-2791	849	25	the	the	DET
taxlaw-2791	849	26	government	government	NOUN
taxlaw-2791	849	27	should	should	AUX
taxlaw-2791	849	28	be	be	AUX
taxlaw-2791	849	29	entitled	entitle	VERB
taxlaw-2791	849	30	to	to	ADP
taxlaw-2791	849	31	35	35	NUM
taxlaw-2791	849	32	%	%	NOUN
taxlaw-2791	849	33	of	of	ADP
taxlaw-2791	849	34	gp	gp	NOUN
taxlaw-2791	849	35	’s	’s	PART
taxlaw-2791	849	36	pretax	pretax	ADJ
taxlaw-2791	849	37	investment	investment	NOUN
taxlaw-2791	849	38	in	in	ADP
taxlaw-2791	849	39	the	the	DET
taxlaw-2791	849	40	partnership.138	partnership.138	NOUN
taxlaw-2791	849	41	at	at	ADP
taxlaw-2791	849	42	the	the	DET
taxlaw-2791	849	43	end	end	NOUN
taxlaw-2791	849	44	of	of	ADP
taxlaw-2791	849	45	year	year	NOUN
taxlaw-2791	849	46	1	1	NUM
taxlaw-2791	849	47	,	,	PUNCT
taxlaw-2791	849	48	gp	gp	NOUN
taxlaw-2791	849	49	contributes	contribute	VERB
taxlaw-2791	849	50	$	$	SYM
taxlaw-2791	849	51	13	13	NUM
taxlaw-2791	849	52	,	,	PUNCT
taxlaw-2791	849	53	and	and	CCONJ
taxlaw-2791	849	54	the	the	DET
taxlaw-2791	849	55	government	government	NOUN
taxlaw-2791	849	56	contributes	contribute	VERB
taxlaw-2791	849	57	$	$	SYM
taxlaw-2791	849	58	7	7	NUM
taxlaw-2791	849	59	(	(	PUNCT
taxlaw-2791	849	60	$	$	SYM
taxlaw-2791	849	61	20	20	NUM
taxlaw-2791	849	62	x	x	SYM
taxlaw-2791	849	63	0.35	0.35	NUM
taxlaw-2791	849	64	)	)	PUNCT
taxlaw-2791	849	65	to	to	ADP
taxlaw-2791	849	66	p	p	X
taxlaw-2791	849	67	;	;	PUNCT
taxlaw-2791	849	68	together	together	ADV
taxlaw-2791	849	69	,	,	PUNCT
taxlaw-2791	849	70	they	they	PRON
taxlaw-2791	849	71	own	own	VERB
taxlaw-2791	849	72	$	$	SYM
taxlaw-2791	849	73	20	20	NUM
taxlaw-2791	849	74	of	of	ADP
taxlaw-2791	849	75	p	p	X
taxlaw-2791	849	76	’s	’s	PART
taxlaw-2791	849	77	total	total	ADJ
taxlaw-2791	849	78	capital	capital	NOUN
taxlaw-2791	849	79	of	of	ADP
taxlaw-2791	849	80	$	$	SYM
taxlaw-2791	849	81	200	200	NUM
taxlaw-2791	849	82	(	(	PUNCT
taxlaw-2791	849	83	10	10	NUM
taxlaw-2791	849	84	%	%	NOUN
taxlaw-2791	849	85	)	)	PUNCT
taxlaw-2791	849	86	and	and	CCONJ
taxlaw-2791	849	87	lp	lp	PROPN
taxlaw-2791	849	88	owns	own	VERB
taxlaw-2791	849	89	the	the	DET
taxlaw-2791	849	90	remaining	remain	VERB
taxlaw-2791	849	91	$	$	SYM
taxlaw-2791	849	92	180	180	NUM
taxlaw-2791	849	93	(	(	PUNCT
taxlaw-2791	849	94	90	90	NUM
taxlaw-2791	849	95	%	%	NOUN
taxlaw-2791	849	96	)	)	PUNCT
taxlaw-2791	849	97	.	.	PUNCT
taxlaw-2791	850	1	since	since	SCONJ
taxlaw-2791	850	2	p	p	PROPN
taxlaw-2791	850	3	’s	’s	ADV
taxlaw-2791	850	4	assets	asset	NOUN
taxlaw-2791	850	5	double	double	ADJ
taxlaw-2791	850	6	in	in	ADP
taxlaw-2791	850	7	value	value	NOUN
taxlaw-2791	850	8	each	each	DET
taxlaw-2791	850	9	year	year	NOUN
taxlaw-2791	850	10	,	,	PUNCT
taxlaw-2791	850	11	gp	gp	NOUN
taxlaw-2791	850	12	earns	earn	VERB
taxlaw-2791	850	13	an	an	DET
taxlaw-2791	850	14	investment	investment	NOUN
taxlaw-2791	850	15	return	return	NOUN
taxlaw-2791	850	16	of	of	ADP
taxlaw-2791	850	17	$	$	SYM
taxlaw-2791	850	18	39	39	NUM
taxlaw-2791	850	19	(	(	PUNCT
taxlaw-2791	850	20	$	$	SYM
taxlaw-2791	850	21	13	13	NUM
taxlaw-2791	850	22	in	in	ADP
taxlaw-2791	850	23	year	year	NOUN
taxlaw-2791	850	24	2	2	NUM
taxlaw-2791	850	25	and	and	CCONJ
taxlaw-2791	850	26	$	$	SYM
taxlaw-2791	850	27	26	26	NUM
taxlaw-2791	850	28	in	in	ADP
taxlaw-2791	850	29	year	year	NOUN
taxlaw-2791	850	30	3	3	NUM
taxlaw-2791	850	31	)	)	PUNCT
taxlaw-2791	850	32	on	on	ADP
taxlaw-2791	850	33	his	his	PRON
taxlaw-2791	850	34	invested	invest	VERB
taxlaw-2791	850	35	capital	capital	NOUN
taxlaw-2791	850	36	of	of	ADP
taxlaw-2791	850	37	$	$	SYM
taxlaw-2791	850	38	13	13	NUM
taxlaw-2791	850	39	;	;	PUNCT
taxlaw-2791	850	40	and	and	CCONJ
taxlaw-2791	850	41	the	the	DET
taxlaw-2791	850	42	government	government	NOUN
taxlaw-2791	850	43	earns	earn	VERB
taxlaw-2791	850	44	an	an	DET
taxlaw-2791	850	45	investment	investment	NOUN
taxlaw-2791	850	46	return	return	NOUN
taxlaw-2791	850	47	of	of	ADP
taxlaw-2791	850	48	$	$	SYM
taxlaw-2791	850	49	21	21	NUM
taxlaw-2791	850	50	(	(	PUNCT
taxlaw-2791	850	51	$	$	SYM
taxlaw-2791	850	52	7	7	NUM
taxlaw-2791	850	53	in	in	ADP
taxlaw-2791	850	54	year	year	NOUN
taxlaw-2791	850	55	2	2	NUM
taxlaw-2791	850	56	and	and	CCONJ
taxlaw-2791	850	57	$	$	SYM
taxlaw-2791	850	58	14	14	NUM
taxlaw-2791	850	59	in	in	ADP
taxlaw-2791	850	60	year	year	NOUN
taxlaw-2791	850	61	3	3	NUM
taxlaw-2791	850	62	)	)	PUNCT
taxlaw-2791	850	63	on	on	ADP
taxlaw-2791	850	64	its	its	PRON
taxlaw-2791	850	65	invested	invest	VERB
taxlaw-2791	850	66	capital	capital	NOUN
taxlaw-2791	850	67	of	of	ADP
taxlaw-2791	850	68	$	$	SYM
taxlaw-2791	850	69	7.139	7.139	NUM
taxlaw-2791	850	70	at	at	ADP
taxlaw-2791	850	71	the	the	DET
taxlaw-2791	850	72	end	end	NOUN
taxlaw-2791	850	73	of	of	ADP
taxlaw-2791	850	74	year	year	NOUN
taxlaw-2791	850	75	2	2	NUM
taxlaw-2791	850	76	,	,	PUNCT
taxlaw-2791	850	77	gp	gp	NOUN
taxlaw-2791	850	78	contributes	contribute	VERB
taxlaw-2791	850	79	an	an	DET
taxlaw-2791	850	80	additional	additional	ADJ
taxlaw-2791	850	81	$	$	SYM
taxlaw-2791	850	82	13	13	NUM
taxlaw-2791	850	83	and	and	CCONJ
taxlaw-2791	850	84	the	the	DET
taxlaw-2791	850	85	government	government	NOUN
taxlaw-2791	850	86	contributes	contribute	VERB
taxlaw-2791	850	87	an	an	DET
taxlaw-2791	850	88	additional	additional	ADJ
taxlaw-2791	850	89	$	$	SYM
taxlaw-2791	850	90	7	7	NUM
taxlaw-2791	850	91	(	(	PUNCT
taxlaw-2791	850	92	35	35	NUM
taxlaw-2791	850	93	%	%	NOUN
taxlaw-2791	850	94	x	x	SYM
taxlaw-2791	850	95	$	$	SYM
taxlaw-2791	850	96	20	20	NUM
taxlaw-2791	850	97	)	)	PUNCT
taxlaw-2791	850	98	to	to	ADP
taxlaw-2791	850	99	p	p	X
taxlaw-2791	850	100	;	;	PUNCT
taxlaw-2791	850	101	together	together	ADV
taxlaw-2791	850	102	they	they	PRON
taxlaw-2791	850	103	own	own	VERB
taxlaw-2791	850	104	$	$	SYM
taxlaw-2791	850	105	60	60	NUM
taxlaw-2791	850	106	of	of	ADP
taxlaw-2791	850	107	p	p	X
taxlaw-2791	850	108	’s	’s	PART
taxlaw-2791	850	109	total	total	ADJ
taxlaw-2791	850	110	capital	capital	NOUN
taxlaw-2791	850	111	of	of	ADP
taxlaw-2791	850	112	$	$	SYM
taxlaw-2791	850	113	400	400	NUM
taxlaw-2791	850	114	(	(	PUNCT
taxlaw-2791	850	115	15	15	NUM
taxlaw-2791	850	116	%	%	NOUN
taxlaw-2791	850	117	)	)	PUNCT
taxlaw-2791	850	118	,	,	PUNCT
taxlaw-2791	850	119	and	and	CCONJ
taxlaw-2791	850	120	lp	lp	PROPN
taxlaw-2791	850	121	owns	own	VERB
taxlaw-2791	850	122	the	the	DET
taxlaw-2791	850	123	remaining	remain	VERB
taxlaw-2791	850	124	$	$	SYM
taxlaw-2791	850	125	340	340	NUM
taxlaw-2791	850	126	(	(	PUNCT
taxlaw-2791	850	127	85%).140	85%).140	ADJ
taxlaw-2791	850	128	during	during	ADP
taxlaw-2791	850	129	year	year	NOUN
taxlaw-2791	850	130	3	3	NUM
taxlaw-2791	850	131	,	,	PUNCT
taxlaw-2791	850	132	gp	gp	NOUN
taxlaw-2791	850	133	earns	earn	VERB
taxlaw-2791	850	134	an	an	DET
taxlaw-2791	850	135	investment	investment	NOUN
taxlaw-2791	850	136	return	return	NOUN
taxlaw-2791	850	137	of	of	ADP
taxlaw-2791	850	138	$	$	SYM
taxlaw-2791	850	139	13	13	NUM
taxlaw-2791	850	140	and	and	CCONJ
taxlaw-2791	850	141	the	the	DET
taxlaw-2791	850	142	government	government	NOUN
taxlaw-2791	850	143	earns	earn	VERB
taxlaw-2791	850	144	an	an	DET
taxlaw-2791	850	145	investment	investment	NOUN
taxlaw-2791	850	146	return	return	NOUN
taxlaw-2791	850	147	of	of	ADP
taxlaw-2791	850	148	$	$	SYM
taxlaw-2791	850	149	7	7	NUM
taxlaw-2791	850	150	on	on	ADP
taxlaw-2791	850	151	the	the	DET
taxlaw-2791	850	152	additional	additional	ADJ
taxlaw-2791	850	153	contributions	contribution	NOUN
taxlaw-2791	850	154	.	.	PUNCT
taxlaw-2791	851	1	at	at	ADP
taxlaw-2791	851	2	the	the	DET
taxlaw-2791	851	3	end	end	NOUN
taxlaw-2791	851	4	of	of	ADP
taxlaw-2791	851	5	year	year	NOUN
taxlaw-2791	851	6	3	3	NUM
taxlaw-2791	851	7	,	,	PUNCT
taxlaw-2791	851	8	p	p	NOUN
taxlaw-2791	851	9	pays	pay	VERB
taxlaw-2791	851	10	137	137	NUM
taxlaw-2791	851	11	.	.	PUNCT
taxlaw-2791	852	1	the	the	DET
taxlaw-2791	852	2	$	$	SYM
taxlaw-2791	852	3	60	60	NUM
taxlaw-2791	852	4	of	of	ADP
taxlaw-2791	852	5	investment	investment	NOUN
taxlaw-2791	852	6	return	return	NOUN
taxlaw-2791	852	7	in	in	ADP
taxlaw-2791	852	8	year	year	NOUN
taxlaw-2791	852	9	3	3	NUM
taxlaw-2791	852	10	can	can	AUX
taxlaw-2791	852	11	be	be	AUX
taxlaw-2791	852	12	viewed	view	VERB
taxlaw-2791	852	13	equivalently	equivalently	ADV
taxlaw-2791	852	14	as	as	ADP
taxlaw-2791	852	15	gp	gp	NOUN
taxlaw-2791	852	16	’s	’s	PART
taxlaw-2791	852	17	15	15	NUM
taxlaw-2791	852	18	%	%	NOUN
taxlaw-2791	852	19	proportionate	proportionate	ADJ
taxlaw-2791	852	20	share	share	NOUN
taxlaw-2791	852	21	based	base	VERB
taxlaw-2791	852	22	on	on	ADP
taxlaw-2791	852	23	relative	relative	ADJ
taxlaw-2791	852	24	capital	capital	NOUN
taxlaw-2791	852	25	accounts	account	NOUN
taxlaw-2791	852	26	(	(	PUNCT
taxlaw-2791	852	27	$	$	SYM
taxlaw-2791	852	28	60/$400	60/$400	NUM
taxlaw-2791	852	29	)	)	PUNCT
taxlaw-2791	852	30	of	of	ADP
taxlaw-2791	852	31	the	the	DET
taxlaw-2791	852	32	partnership	partnership	NOUN
taxlaw-2791	852	33	’s	’s	PART
taxlaw-2791	852	34	total	total	ADJ
taxlaw-2791	852	35	profits	profit	NOUN
taxlaw-2791	852	36	(	(	PUNCT
taxlaw-2791	852	37	$	$	SYM
taxlaw-2791	852	38	400	400	NUM
taxlaw-2791	852	39	)	)	PUNCT
taxlaw-2791	852	40	;	;	PUNCT
taxlaw-2791	852	41	alternatively	alternatively	ADV
taxlaw-2791	852	42	,	,	PUNCT
taxlaw-2791	852	43	the	the	DET
taxlaw-2791	852	44	$	$	SYM
taxlaw-2791	852	45	60	60	NUM
taxlaw-2791	852	46	of	of	ADP
taxlaw-2791	852	47	investment	investment	NOUN
taxlaw-2791	852	48	return	return	NOUN
taxlaw-2791	852	49	can	can	AUX
taxlaw-2791	852	50	be	be	AUX
taxlaw-2791	852	51	viewed	view	VERB
taxlaw-2791	852	52	as	as	ADP
taxlaw-2791	852	53	twice	twice	ADJ
taxlaw-2791	852	54	gp	gp	NOUN
taxlaw-2791	852	55	’s	’s	PART
taxlaw-2791	852	56	capital	capital	NOUN
taxlaw-2791	852	57	account	account	NOUN
taxlaw-2791	852	58	balance	balance	NOUN
taxlaw-2791	852	59	at	at	ADP
taxlaw-2791	852	60	the	the	DET
taxlaw-2791	852	61	end	end	NOUN
taxlaw-2791	852	62	of	of	ADP
taxlaw-2791	852	63	year	year	NOUN
taxlaw-2791	852	64	2	2	NUM
taxlaw-2791	852	65	(	(	PUNCT
taxlaw-2791	852	66	$	$	SYM
taxlaw-2791	852	67	60	60	NUM
taxlaw-2791	852	68	)	)	PUNCT
taxlaw-2791	852	69	,	,	PUNCT
taxlaw-2791	852	70	since	since	SCONJ
taxlaw-2791	852	71	the	the	DET
taxlaw-2791	852	72	partnership	partnership	NOUN
taxlaw-2791	852	73	’s	’s	PART
taxlaw-2791	852	74	assets	asset	NOUN
taxlaw-2791	852	75	double	double	VERB
taxlaw-2791	852	76	in	in	ADP
taxlaw-2791	852	77	value	value	NOUN
taxlaw-2791	852	78	each	each	DET
taxlaw-2791	852	79	year	year	NOUN
taxlaw-2791	852	80	.	.	PUNCT
taxlaw-2791	853	1	see	see	VERB
taxlaw-2791	853	2	infra	infra	NOUN
taxlaw-2791	853	3	note	note	VERB
taxlaw-2791	853	4	142	142	NUM
taxlaw-2791	853	5	and	and	CCONJ
taxlaw-2791	853	6	accompanying	accompany	VERB
taxlaw-2791	853	7	text	text	NOUN
taxlaw-2791	853	8	.	.	PUNCT
taxlaw-2791	854	1	138	138	NUM
taxlaw-2791	854	2	.	.	PUNCT
taxlaw-2791	855	1	see	see	VERB
taxlaw-2791	855	2	,	,	PUNCT
taxlaw-2791	855	3	e.g.	e.g.	ADV
taxlaw-2791	855	4	,	,	PUNCT
taxlaw-2791	855	5	david	david	PROPN
taxlaw-2791	855	6	elkins	elkins	PROPN
taxlaw-2791	855	7	&	&	CCONJ
taxlaw-2791	855	8	christopher	christopher	PROPN
taxlaw-2791	855	9	h.	h.	PROPN
taxlaw-2791	855	10	hanna	hanna	PROPN
taxlaw-2791	855	11	,	,	PUNCT
taxlaw-2791	855	12	taxation	taxation	NOUN
taxlaw-2791	855	13	of	of	ADP
taxlaw-2791	855	14	supernormal	supernormal	ADJ
taxlaw-2791	855	15	returns	return	NOUN
taxlaw-2791	855	16	,	,	PUNCT
taxlaw-2791	855	17	62	62	NUM
taxlaw-2791	855	18	tax	tax	NOUN
taxlaw-2791	855	19	law	law	NOUN
taxlaw-2791	855	20	.	.	PUNCT
taxlaw-2791	856	1	93	93	NUM
taxlaw-2791	856	2	,	,	PUNCT
taxlaw-2791	856	3	95–97	95–97	NUM
taxlaw-2791	856	4	(	(	PUNCT
taxlaw-2791	856	5	2009	2009	NUM
taxlaw-2791	856	6	)	)	PUNCT
taxlaw-2791	856	7	(	(	PUNCT
taxlaw-2791	856	8	exploring	explore	VERB
taxlaw-2791	856	9	the	the	DET
taxlaw-2791	856	10	“	"	PUNCT
taxlaw-2791	856	11	partnership	partnership	NOUN
taxlaw-2791	856	12	view	view	NOUN
taxlaw-2791	856	13	”	"	PUNCT
taxlaw-2791	856	14	under	under	ADP
taxlaw-2791	856	15	a	a	DET
taxlaw-2791	856	16	cash	cash	NOUN
taxlaw-2791	856	17	-	-	PUNCT
taxlaw-2791	856	18	flow	flow	NOUN
taxlaw-2791	856	19	consumption	consumption	NOUN
taxlaw-2791	856	20	tax	tax	NOUN
taxlaw-2791	856	21	)	)	PUNCT
taxlaw-2791	856	22	.	.	PUNCT
taxlaw-2791	857	1	139	139	NUM
taxlaw-2791	857	2	.	.	PUNCT
taxlaw-2791	858	1	each	each	DET
taxlaw-2791	858	2	partner	partner	NOUN
taxlaw-2791	858	3	’s	’s	PART
taxlaw-2791	858	4	invested	invest	VERB
taxlaw-2791	858	5	capital	capital	NOUN
taxlaw-2791	858	6	and	and	CCONJ
taxlaw-2791	858	7	return	return	VERB
taxlaw-2791	858	8	on	on	ADP
taxlaw-2791	858	9	invested	invest	VERB
taxlaw-2791	858	10	capital	capital	NOUN
taxlaw-2791	858	11	would	would	AUX
taxlaw-2791	858	12	be	be	AUX
taxlaw-2791	858	13	as	as	SCONJ
taxlaw-2791	858	14	follows	follow	VERB
taxlaw-2791	858	15	:	:	PUNCT
taxlaw-2791	859	1	capital	capital	NOUN
taxlaw-2791	859	2	contribution	contribution	NOUN
taxlaw-2791	859	3	(	(	PUNCT
taxlaw-2791	859	4	end	end	NOUN
taxlaw-2791	859	5	yr	yr	NOUN
taxlaw-2791	859	6	1	1	NUM
taxlaw-2791	859	7	)	)	PUNCT
taxlaw-2791	859	8	return	return	NOUN
taxlaw-2791	859	9	on	on	ADP
taxlaw-2791	859	10	capital	capital	NOUN
taxlaw-2791	859	11	(	(	PUNCT
taxlaw-2791	859	12	yr	yr	NOUN
taxlaw-2791	859	13	2	2	NUM
taxlaw-2791	859	14	and	and	CCONJ
taxlaw-2791	859	15	yr	yr	NOUN
taxlaw-2791	859	16	3	3	NUM
taxlaw-2791	859	17	)	)	PUNCT
taxlaw-2791	859	18	gp	gp	NOUN
taxlaw-2791	859	19	13	13	NUM
taxlaw-2791	859	20	13	13	NUM
taxlaw-2791	859	21	+	+	NUM
taxlaw-2791	859	22	26	26	NUM
taxlaw-2791	859	23	gov	gov	NOUN
taxlaw-2791	859	24	7	7	NUM
taxlaw-2791	859	25	7	7	NUM
taxlaw-2791	859	26	+	+	SYM
taxlaw-2791	859	27	14	14	NUM
taxlaw-2791	859	28	total	total	NOUN
taxlaw-2791	859	29	20	20	NUM
taxlaw-2791	859	30	60	60	NUM
taxlaw-2791	859	31	140	140	NUM
taxlaw-2791	859	32	.	.	PUNCT
taxlaw-2791	860	1	gp	gp	NOUN
taxlaw-2791	860	2	’s	’s	PART
taxlaw-2791	860	3	implicit	implicit	ADJ
taxlaw-2791	860	4	year	year	NOUN
taxlaw-2791	860	5	2	2	NUM
taxlaw-2791	860	6	salary	salary	NOUN
taxlaw-2791	860	7	of	of	ADP
taxlaw-2791	860	8	$	$	SYM
taxlaw-2791	860	9	20	20	NUM
taxlaw-2791	860	10	is	be	AUX
taxlaw-2791	860	11	equal	equal	ADJ
taxlaw-2791	860	12	to	to	ADP
taxlaw-2791	860	13	gp	gp	VERB
taxlaw-2791	860	14	’s	’s	PART
taxlaw-2791	860	15	entire	entire	ADJ
taxlaw-2791	860	16	year	year	NOUN
taxlaw-2791	860	17	2	2	NUM
taxlaw-2791	860	18	profits	profit	NOUN
taxlaw-2791	860	19	share	share	NOUN
taxlaw-2791	860	20	of	of	ADP
taxlaw-2791	860	21	$	$	SYM
taxlaw-2791	860	22	40	40	NUM
taxlaw-2791	860	23	(	(	PUNCT
taxlaw-2791	860	24	20	20	NUM
taxlaw-2791	860	25	%	%	NOUN
taxlaw-2791	860	26	x	x	SYM
taxlaw-2791	860	27	$	$	SYM
taxlaw-2791	860	28	200	200	NUM
taxlaw-2791	860	29	profit	profit	NOUN
taxlaw-2791	860	30	)	)	PUNCT
taxlaw-2791	860	31	less	less	ADJ
taxlaw-2791	860	32	the	the	DET
taxlaw-2791	860	33	$	$	SYM
taxlaw-2791	860	34	20	20	NUM
taxlaw-2791	860	35	imputed	impute	VERB
taxlaw-2791	860	36	investment	investment	NOUN
taxlaw-2791	860	37	return	return	NOUN
taxlaw-2791	860	38	for	for	ADP
taxlaw-2791	860	39	year	year	NOUN
taxlaw-2791	860	40	2	2	NUM
taxlaw-2791	860	41	(	(	PUNCT
taxlaw-2791	860	42	10	10	NUM
taxlaw-2791	860	43	%	%	NOUN
taxlaw-2791	860	44	x	x	SYM
taxlaw-2791	860	45	$	$	SYM
taxlaw-2791	860	46	200	200	NUM
taxlaw-2791	860	47	profit	profit	NOUN
taxlaw-2791	860	48	)	)	PUNCT
taxlaw-2791	860	49	.	.	PUNCT
taxlaw-2791	861	1	38	38	NUM
taxlaw-2791	861	2	columbia	columbia	PROPN
taxlaw-2791	861	3	jour	jour	PROPN
taxlaw-2791	861	4	�	�	PROPN
taxlaw-2791	861	5	al	al	PROPN
taxlaw-2791	861	6	of	of	ADP
taxlaw-2791	861	7	tax	tax	NOUN
taxlaw-2791	861	8	law	law	NOUN
taxlaw-2791	861	9	[	[	X
taxlaw-2791	861	10	vol	vol	NOUN
taxlaw-2791	861	11	.	.	PUNCT
taxlaw-2791	862	1	1:1	1:1	NUM
taxlaw-2791	862	2	implicit	implicit	ADJ
taxlaw-2791	862	3	salary	salary	NOUN
taxlaw-2791	862	4	of	of	ADP
taxlaw-2791	862	5	$	$	SYM
taxlaw-2791	862	6	20	20	NUM
taxlaw-2791	862	7	to	to	PART
taxlaw-2791	862	8	gp	gp	VERB
taxlaw-2791	862	9	and	and	CCONJ
taxlaw-2791	862	10	immediately	immediately	ADV
taxlaw-2791	862	11	liquidates.141	liquidates.141	ADJ
taxlaw-2791	862	12	upon	upon	SCONJ
taxlaw-2791	862	13	liquidation	liquidation	NOUN
taxlaw-2791	862	14	of	of	ADP
taxlaw-2791	862	15	p	p	NOUN
taxlaw-2791	862	16	,	,	PUNCT
taxlaw-2791	862	17	gp	gp	NOUN
taxlaw-2791	862	18	and	and	CCONJ
taxlaw-2791	862	19	the	the	DET
taxlaw-2791	862	20	government	government	NOUN
taxlaw-2791	862	21	are	be	AUX
taxlaw-2791	862	22	entitled	entitle	VERB
taxlaw-2791	862	23	to	to	ADP
taxlaw-2791	862	24	the	the	DET
taxlaw-2791	862	25	amounts	amount	NOUN
taxlaw-2791	862	26	in	in	ADP
taxlaw-2791	862	27	their	their	PRON
taxlaw-2791	862	28	respective	respective	ADJ
taxlaw-2791	862	29	capital	capital	NOUN
taxlaw-2791	862	30	accounts	account	NOUN
taxlaw-2791	862	31	(	(	PUNCT
taxlaw-2791	862	32	$	$	SYM
taxlaw-2791	862	33	140	140	NUM
taxlaw-2791	862	34	total	total	NOUN
taxlaw-2791	862	35	,	,	PUNCT
taxlaw-2791	862	36	or	or	CCONJ
taxlaw-2791	862	37	20	20	NUM
taxlaw-2791	862	38	%	%	NOUN
taxlaw-2791	862	39	of	of	ADP
taxlaw-2791	862	40	$	$	SYM
taxlaw-2791	862	41	700	700	NUM
taxlaw-2791	862	42	increase	increase	NOUN
taxlaw-2791	862	43	in	in	ADP
taxlaw-2791	862	44	p	p	X
taxlaw-2791	862	45	’s	’s	NOUN
taxlaw-2791	862	46	value	value	NOUN
taxlaw-2791	862	47	)	)	PUNCT
taxlaw-2791	862	48	and	and	CCONJ
taxlaw-2791	862	49	lp	lp	NOUN
taxlaw-2791	862	50	receives	receive	VERB
taxlaw-2791	862	51	the	the	DET
taxlaw-2791	862	52	remainder	remainder	NOUN
taxlaw-2791	862	53	(	(	PUNCT
taxlaw-2791	862	54	$	$	SYM
taxlaw-2791	862	55	660).142	660).142	NUM
taxlaw-2791	862	56	now	now	ADV
taxlaw-2791	862	57	,	,	PUNCT
taxlaw-2791	862	58	it	it	PRON
taxlaw-2791	862	59	is	be	AUX
taxlaw-2791	862	60	possible	possible	ADJ
taxlaw-2791	862	61	to	to	PART
taxlaw-2791	862	62	compare	compare	VERB
taxlaw-2791	862	63	the	the	DET
taxlaw-2791	862	64	results	result	NOUN
taxlaw-2791	862	65	under	under	ADP
taxlaw-2791	862	66	the	the	DET
taxlaw-2791	862	67	cash	cash	NOUN
taxlaw-2791	862	68	salary	salary	NOUN
taxlaw-2791	862	69	reinvestment	reinvestment	NOUN
taxlaw-2791	862	70	plan	plan	NOUN
taxlaw-2791	862	71	and	and	CCONJ
taxlaw-2791	862	72	an	an	DET
taxlaw-2791	862	73	economically	economically	ADV
taxlaw-2791	862	74	equivalent	equivalent	ADJ
taxlaw-2791	862	75	option	option	NOUN
taxlaw-2791	862	76	.	.	PUNCT
taxlaw-2791	863	1	if	if	SCONJ
taxlaw-2791	863	2	gp	gp	NOUN
taxlaw-2791	863	3	and	and	CCONJ
taxlaw-2791	863	4	the	the	DET
taxlaw-2791	863	5	government	government	NOUN
taxlaw-2791	863	6	are	be	AUX
taxlaw-2791	863	7	treated	treat	VERB
taxlaw-2791	863	8	as	as	ADP
taxlaw-2791	863	9	co	co	NOUN
taxlaw-2791	863	10	-	-	NOUN
taxlaw-2791	863	11	investors	investor	NOUN
taxlaw-2791	863	12	,	,	PUNCT
taxlaw-2791	863	13	gp	gp	NOUN
taxlaw-2791	863	14	receives	receive	VERB
taxlaw-2791	863	15	tax	tax	NOUN
taxlaw-2791	863	16	free	free	ADJ
taxlaw-2791	863	17	the	the	DET
taxlaw-2791	863	18	amount	amount	NOUN
taxlaw-2791	863	19	in	in	ADP
taxlaw-2791	863	20	his	his	PRON
taxlaw-2791	863	21	capital	capital	NOUN
taxlaw-2791	863	22	account	account	NOUN
taxlaw-2791	863	23	(	(	PUNCT
taxlaw-2791	863	24	$	$	SYM
taxlaw-2791	863	25	91	91	NUM
taxlaw-2791	863	26	)	)	PUNCT
taxlaw-2791	863	27	and	and	CCONJ
taxlaw-2791	863	28	the	the	DET
taxlaw-2791	863	29	government	government	NOUN
taxlaw-2791	863	30	receives	receive	VERB
taxlaw-2791	863	31	the	the	DET
taxlaw-2791	863	32	amount	amount	NOUN
taxlaw-2791	863	33	in	in	ADP
taxlaw-2791	863	34	its	its	PRON
taxlaw-2791	863	35	capital	capital	NOUN
taxlaw-2791	863	36	account	account	NOUN
taxlaw-2791	863	37	(	(	PUNCT
taxlaw-2791	863	38	$	$	SYM
taxlaw-2791	863	39	49	49	NUM
taxlaw-2791	863	40	)	)	PUNCT
taxlaw-2791	863	41	.	.	PUNCT
taxlaw-2791	864	1	if	if	SCONJ
taxlaw-2791	864	2	gp	gp	PROPN
taxlaw-2791	864	3	instead	instead	ADV
taxlaw-2791	864	4	held	hold	VERB
taxlaw-2791	864	5	a	a	DET
taxlaw-2791	864	6	european	european	ADJ
taxlaw-2791	864	7	option	option	NOUN
taxlaw-2791	864	8	and	and	CCONJ
taxlaw-2791	864	9	gp	gp	NOUN
taxlaw-2791	864	10	’s	’s	PART
taxlaw-2791	864	11	compensatory	compensatory	ADJ
taxlaw-2791	864	12	return	return	NOUN
taxlaw-2791	864	13	were	be	AUX
taxlaw-2791	864	14	taxed	tax	VERB
taxlaw-2791	864	15	on	on	ADP
taxlaw-2791	864	16	exercise	exercise	NOUN
taxlaw-2791	864	17	,	,	PUNCT
taxlaw-2791	864	18	the	the	DET
taxlaw-2791	864	19	after	after	ADP
taxlaw-2791	864	20	-	-	PUNCT
taxlaw-2791	864	21	tax	tax	NOUN
taxlaw-2791	864	22	consequences	consequence	NOUN
taxlaw-2791	864	23	to	to	PART
taxlaw-2791	864	24	gp	gp	VERB
taxlaw-2791	864	25	and	and	CCONJ
taxlaw-2791	864	26	the	the	DET
taxlaw-2791	864	27	government	government	NOUN
taxlaw-2791	864	28	would	would	AUX
taxlaw-2791	864	29	be	be	AUX
taxlaw-2791	864	30	identical.143	identical.143	NOUN
taxlaw-2791	864	31	the	the	DET
taxlaw-2791	864	32	amount	amount	NOUN
taxlaw-2791	864	33	in	in	ADP
taxlaw-2791	864	34	the	the	DET
taxlaw-2791	864	35	government	government	NOUN
taxlaw-2791	864	36	’s	’s	PART
taxlaw-2791	864	37	capital	capital	NOUN
taxlaw-2791	864	38	account	account	NOUN
taxlaw-2791	864	39	represents	represent	VERB
taxlaw-2791	864	40	the	the	DET
taxlaw-2791	864	41	future	future	ADJ
taxlaw-2791	864	42	value	value	NOUN
taxlaw-2791	864	43	of	of	ADP
taxlaw-2791	864	44	the	the	DET
taxlaw-2791	864	45	deferred	defer	VERB
taxlaw-2791	864	46	tax	tax	NOUN
taxlaw-2791	864	47	on	on	ADP
taxlaw-2791	864	48	the	the	DET
taxlaw-2791	864	49	compensation	compensation	NOUN
taxlaw-2791	864	50	component	component	NOUN
taxlaw-2791	864	51	of	of	ADP
taxlaw-2791	864	52	gp	gp	NOUN
taxlaw-2791	864	53	’s	’s	PART
taxlaw-2791	864	54	return	return	NOUN
taxlaw-2791	864	55	.	.	PUNCT
taxlaw-2791	865	1	the	the	DET
taxlaw-2791	865	2	$	$	SYM
taxlaw-2791	865	3	49	49	NUM
taxlaw-2791	865	4	of	of	ADP
taxlaw-2791	865	5	tax	tax	NOUN
taxlaw-2791	865	6	on	on	ADP
taxlaw-2791	865	7	gp	gp	NOUN
taxlaw-2791	865	8	’s	’s	PART
taxlaw-2791	865	9	salary	salary	NOUN
taxlaw-2791	865	10	does	do	AUX
taxlaw-2791	865	11	not	not	PART
taxlaw-2791	865	12	yet	yet	ADV
taxlaw-2791	865	13	reflect	reflect	VERB
taxlaw-2791	865	14	tax	tax	NOUN
taxlaw-2791	865	15	owed	owe	VERB
taxlaw-2791	865	16	on	on	ADP
taxlaw-2791	865	17	gp	gp	NOUN
taxlaw-2791	865	18	’s	’s	PART
taxlaw-2791	865	19	investment	investment	NOUN
taxlaw-2791	865	20	return	return	NOUN
taxlaw-2791	865	21	.	.	PUNCT
taxlaw-2791	866	1	the	the	DET
taxlaw-2791	866	2	cumulative	cumulative	ADJ
taxlaw-2791	866	3	investment	investment	NOUN
taxlaw-2791	866	4	return	return	NOUN
taxlaw-2791	866	5	to	to	ADP
taxlaw-2791	866	6	gp	gp	NOUN
taxlaw-2791	866	7	is	be	AUX
taxlaw-2791	866	8	$	$	SYM
taxlaw-2791	866	9	52	52	NUM
taxlaw-2791	866	10	(	(	PUNCT
taxlaw-2791	866	11	$	$	SYM
taxlaw-2791	866	12	39	39	NUM
taxlaw-2791	866	13	+	+	CCONJ
taxlaw-2791	866	14	$	$	SYM
taxlaw-2791	866	15	13	13	NUM
taxlaw-2791	866	16	)	)	PUNCT
taxlaw-2791	866	17	and	and	CCONJ
taxlaw-2791	866	18	the	the	DET
taxlaw-2791	866	19	cumulative	cumulative	ADJ
taxlaw-2791	866	20	investment	investment	NOUN
taxlaw-2791	866	21	return	return	NOUN
taxlaw-2791	866	22	to	to	ADP
taxlaw-2791	866	23	the	the	DET
taxlaw-2791	866	24	government	government	NOUN
taxlaw-2791	866	25	is	be	AUX
taxlaw-2791	866	26	$	$	SYM
taxlaw-2791	866	27	28	28	NUM
taxlaw-2791	866	28	(	(	PUNCT
taxlaw-2791	866	29	$	$	SYM
taxlaw-2791	866	30	21	21	NUM
taxlaw-2791	866	31	+	+	CCONJ
taxlaw-2791	866	32	$	$	SYM
taxlaw-2791	866	33	7	7	NUM
taxlaw-2791	866	34	)	)	PUNCT
taxlaw-2791	866	35	.	.	PUNCT
taxlaw-2791	867	1	the	the	DET
taxlaw-2791	867	2	tax	tax	NOUN
taxlaw-2791	867	3	on	on	ADP
taxlaw-2791	867	4	gp	gp	NOUN
taxlaw-2791	867	5	’s	’s	PART
taxlaw-2791	867	6	investment	investment	NOUN
taxlaw-2791	867	7	return	return	NOUN
taxlaw-2791	867	8	is	be	AUX
taxlaw-2791	867	9	$	$	SYM
taxlaw-2791	867	10	7.80	7.80	NUM
taxlaw-2791	867	11	(	(	PUNCT
taxlaw-2791	867	12	$	$	SYM
taxlaw-2791	867	13	52	52	NUM
taxlaw-2791	867	14	x	x	SYM
taxlaw-2791	867	15	0.15	0.15	NUM
taxlaw-2791	867	16	)	)	PUNCT
taxlaw-2791	867	17	,	,	PUNCT
taxlaw-2791	867	18	i.e.	i.e.	X
taxlaw-2791	867	19	,	,	PUNCT
taxlaw-2791	867	20	$	$	SYM
taxlaw-2791	867	21	80	80	NUM
taxlaw-2791	867	22	x	x	SYM
taxlaw-2791	867	23	0.0975.144	0.0975.144	NUM
taxlaw-2791	867	24	the	the	DET
taxlaw-2791	867	25	government	government	NOUN
taxlaw-2791	867	26	’s	’s	PART
taxlaw-2791	867	27	investment	investment	NOUN
taxlaw-2791	867	28	return	return	NOUN
taxlaw-2791	867	29	(	(	PUNCT
taxlaw-2791	867	30	$	$	SYM
taxlaw-2791	867	31	28	28	NUM
taxlaw-2791	867	32	)	)	PUNCT
taxlaw-2791	867	33	is	be	AUX
taxlaw-2791	867	34	not	not	PART
taxlaw-2791	867	35	a	a	DET
taxlaw-2791	867	36	tax	tax	NOUN
taxlaw-2791	867	37	;	;	PUNCT
taxlaw-2791	867	38	instead	instead	ADV
taxlaw-2791	867	39	,	,	PUNCT
taxlaw-2791	867	40	it	it	PRON
taxlaw-2791	867	41	is	be	AUX
taxlaw-2791	867	42	merely	merely	ADV
taxlaw-2791	867	43	the	the	DET
taxlaw-2791	867	44	government	government	NOUN
taxlaw-2791	867	45	’s	’s	PART
taxlaw-2791	867	46	return	return	NOUN
taxlaw-2791	867	47	as	as	ADP
taxlaw-2791	867	48	a	a	DET
taxlaw-2791	867	49	co	co	NOUN
taxlaw-2791	867	50	-	-	NOUN
taxlaw-2791	867	51	investor.145	investor.145	VERB
taxlaw-2791	867	52	the	the	DET
taxlaw-2791	867	53	total	total	ADJ
taxlaw-2791	867	54	investment	investment	NOUN
taxlaw-2791	867	55	return	return	NOUN
taxlaw-2791	867	56	(	(	PUNCT
taxlaw-2791	867	57	$	$	SYM
taxlaw-2791	867	58	80	80	NUM
taxlaw-2791	867	59	)	)	PUNCT
taxlaw-2791	867	60	is	be	AUX
taxlaw-2791	867	61	the	the	DET
taxlaw-2791	867	62	sum	sum	NOUN
taxlaw-2791	867	63	of	of	ADP
taxlaw-2791	867	64	the	the	DET
taxlaw-2791	867	65	investment	investment	NOUN
taxlaw-2791	867	66	return	return	NOUN
taxlaw-2791	867	67	on	on	ADP
taxlaw-2791	867	68	each	each	DET
taxlaw-2791	867	69	co	co	NOUN
taxlaw-2791	867	70	-	-	NOUN
taxlaw-2791	867	71	investor	investor	NOUN
taxlaw-2791	867	72	’s	’s	PART
taxlaw-2791	867	73	capital	capital	NOUN
taxlaw-2791	867	74	account	account	NOUN
taxlaw-2791	867	75	.	.	PUNCT
taxlaw-2791	868	1	141	141	NUM
taxlaw-2791	868	2	.	.	PUNCT
taxlaw-2791	869	1	gp	gp	NOUN
taxlaw-2791	869	2	’s	’s	PART
taxlaw-2791	869	3	implicit	implicit	ADJ
taxlaw-2791	869	4	year	year	NOUN
taxlaw-2791	869	5	3	3	NUM
taxlaw-2791	869	6	salary	salary	NOUN
taxlaw-2791	869	7	of	of	ADP
taxlaw-2791	869	8	$	$	SYM
taxlaw-2791	869	9	20	20	NUM
taxlaw-2791	869	10	is	be	AUX
taxlaw-2791	869	11	equal	equal	ADJ
taxlaw-2791	869	12	to	to	ADP
taxlaw-2791	869	13	gp	gp	VERB
taxlaw-2791	869	14	’s	’s	PART
taxlaw-2791	869	15	entire	entire	ADJ
taxlaw-2791	869	16	year	year	NOUN
taxlaw-2791	869	17	3	3	NUM
taxlaw-2791	869	18	profits	profit	NOUN
taxlaw-2791	869	19	share	share	NOUN
taxlaw-2791	869	20	of	of	ADP
taxlaw-2791	869	21	$	$	SYM
taxlaw-2791	869	22	80	80	NUM
taxlaw-2791	869	23	(	(	PUNCT
taxlaw-2791	869	24	20	20	NUM
taxlaw-2791	869	25	%	%	NOUN
taxlaw-2791	869	26	x	x	SYM
taxlaw-2791	869	27	$	$	SYM
taxlaw-2791	869	28	400	400	NUM
taxlaw-2791	869	29	profit	profit	NOUN
taxlaw-2791	869	30	)	)	PUNCT
taxlaw-2791	869	31	less	less	ADJ
taxlaw-2791	869	32	the	the	DET
taxlaw-2791	869	33	$	$	SYM
taxlaw-2791	869	34	60	60	NUM
taxlaw-2791	869	35	imputed	impute	VERB
taxlaw-2791	869	36	investment	investment	NOUN
taxlaw-2791	869	37	return	return	NOUN
taxlaw-2791	869	38	for	for	ADP
taxlaw-2791	869	39	year	year	NOUN
taxlaw-2791	869	40	3	3	NUM
taxlaw-2791	869	41	(	(	PUNCT
taxlaw-2791	869	42	15	15	NUM
taxlaw-2791	869	43	%	%	NOUN
taxlaw-2791	869	44	x	x	SYM
taxlaw-2791	869	45	$	$	SYM
taxlaw-2791	869	46	400	400	NUM
taxlaw-2791	869	47	profit	profit	NOUN
taxlaw-2791	869	48	)	)	PUNCT
taxlaw-2791	869	49	.	.	PUNCT
taxlaw-2791	870	1	142	142	NUM
taxlaw-2791	870	2	.	.	PUNCT
taxlaw-2791	871	1	the	the	DET
taxlaw-2791	871	2	partners	partner	NOUN
taxlaw-2791	871	3	’	’	PART
taxlaw-2791	871	4	respective	respective	ADJ
taxlaw-2791	871	5	capital	capital	NOUN
taxlaw-2791	871	6	accounts	account	NOUN
taxlaw-2791	871	7	are	be	AUX
taxlaw-2791	871	8	as	as	SCONJ
taxlaw-2791	871	9	follows	follow	VERB
taxlaw-2791	871	10	:	:	PUNCT
taxlaw-2791	871	11	capital	capital	NOUN
taxlaw-2791	871	12	accounts	account	NOUN
taxlaw-2791	871	13	gp	gp	NOUN
taxlaw-2791	871	14	gov	gov	PROPN
taxlaw-2791	871	15	gp	gp	PROPN
taxlaw-2791	871	16	/	/	SYM
taxlaw-2791	871	17	gov	gov	NOUN
taxlaw-2791	871	18	lp	lp	PROPN
taxlaw-2791	871	19	initial	initial	ADJ
taxlaw-2791	871	20	0	0	NUM
taxlaw-2791	871	21	0	0	SYM
taxlaw-2791	871	22	0	0	NUM
taxlaw-2791	871	23	100	100	NUM
taxlaw-2791	871	24	end	end	NOUN
taxlaw-2791	871	25	yr	yr	NOUN
taxlaw-2791	871	26	1	1	NUM
taxlaw-2791	871	27	13	13	NUM
taxlaw-2791	871	28	7	7	NUM
taxlaw-2791	871	29	20	20	NUM
taxlaw-2791	871	30	180	180	NUM
taxlaw-2791	871	31	end	end	NOUN
taxlaw-2791	871	32	yr	yr	NOUN
taxlaw-2791	871	33	2	2	NUM
taxlaw-2791	871	34	39	39	NUM
taxlaw-2791	871	35	21	21	NUM
taxlaw-2791	871	36	60	60	NUM
taxlaw-2791	871	37	340	340	NUM
taxlaw-2791	871	38	end	end	NOUN
taxlaw-2791	871	39	yr	yr	NOUN
taxlaw-2791	872	1	3	3	NUM
taxlaw-2791	872	2	91	91	NUM
taxlaw-2791	872	3	49	49	NUM
taxlaw-2791	872	4	140	140	NUM
taxlaw-2791	872	5	660	660	NUM
taxlaw-2791	872	6	143	143	NUM
taxlaw-2791	872	7	.	.	PUNCT
taxlaw-2791	873	1	on	on	ADP
taxlaw-2791	873	2	exercise	exercise	NOUN
taxlaw-2791	873	3	of	of	ADP
taxlaw-2791	873	4	the	the	DET
taxlaw-2791	873	5	option	option	NOUN
taxlaw-2791	873	6	,	,	PUNCT
taxlaw-2791	873	7	gp	gp	NOUN
taxlaw-2791	873	8	would	would	AUX
taxlaw-2791	873	9	receive	receive	VERB
taxlaw-2791	873	10	$	$	SYM
taxlaw-2791	873	11	140	140	NUM
taxlaw-2791	873	12	(	(	PUNCT
taxlaw-2791	873	13	20	20	NUM
taxlaw-2791	873	14	%	%	NOUN
taxlaw-2791	873	15	x	x	SYM
taxlaw-2791	873	16	$	$	SYM
taxlaw-2791	873	17	700	700	NUM
taxlaw-2791	873	18	increase	increase	NOUN
taxlaw-2791	873	19	in	in	ADP
taxlaw-2791	873	20	p	p	X
taxlaw-2791	873	21	’s	’s	NOUN
taxlaw-2791	873	22	value	value	NOUN
taxlaw-2791	873	23	)	)	PUNCT
taxlaw-2791	873	24	and	and	CCONJ
taxlaw-2791	873	25	would	would	AUX
taxlaw-2791	873	26	owe	owe	VERB
taxlaw-2791	873	27	tax	tax	NOUN
taxlaw-2791	873	28	of	of	ADP
taxlaw-2791	873	29	$	$	SYM
taxlaw-2791	873	30	49	49	NUM
taxlaw-2791	873	31	(	(	PUNCT
taxlaw-2791	873	32	35	35	NUM
taxlaw-2791	873	33	%	%	NOUN
taxlaw-2791	873	34	x	x	SYM
taxlaw-2791	873	35	$	$	SYM
taxlaw-2791	873	36	140	140	NUM
taxlaw-2791	873	37	)	)	PUNCT
taxlaw-2791	873	38	,	,	PUNCT
taxlaw-2791	873	39	leaving	leave	VERB
taxlaw-2791	873	40	gp	gp	NOUN
taxlaw-2791	873	41	with	with	ADP
taxlaw-2791	873	42	$	$	SYM
taxlaw-2791	873	43	91	91	NUM
taxlaw-2791	873	44	(	(	PUNCT
taxlaw-2791	873	45	$	$	SYM
taxlaw-2791	873	46	140	140	NUM
taxlaw-2791	873	47	less	less	ADJ
taxlaw-2791	873	48	$	$	SYM
taxlaw-2791	873	49	49	49	NUM
taxlaw-2791	873	50	tax	tax	NOUN
taxlaw-2791	873	51	)	)	PUNCT
taxlaw-2791	873	52	.	.	PUNCT
taxlaw-2791	874	1	144	144	NUM
taxlaw-2791	874	2	.	.	PUNCT
taxlaw-2791	875	1	the	the	DET
taxlaw-2791	875	2	tax	tax	NOUN
taxlaw-2791	875	3	of	of	ADP
taxlaw-2791	875	4	$	$	SYM
taxlaw-2791	875	5	7.80	7.80	NUM
taxlaw-2791	875	6	on	on	ADP
taxlaw-2791	875	7	gp	gp	NOUN
taxlaw-2791	875	8	’s	’s	PART
taxlaw-2791	875	9	portion	portion	NOUN
taxlaw-2791	875	10	of	of	ADP
taxlaw-2791	875	11	the	the	DET
taxlaw-2791	875	12	investment	investment	NOUN
taxlaw-2791	875	13	return	return	NOUN
taxlaw-2791	875	14	is	be	AUX
taxlaw-2791	875	15	equal	equal	ADJ
taxlaw-2791	875	16	to	to	ADP
taxlaw-2791	875	17	the	the	DET
taxlaw-2791	875	18	tax	tax	NOUN
taxlaw-2791	875	19	on	on	ADP
taxlaw-2791	875	20	the	the	DET
taxlaw-2791	875	21	entire	entire	ADJ
taxlaw-2791	875	22	investment	investment	NOUN
taxlaw-2791	875	23	return	return	NOUN
taxlaw-2791	875	24	(	(	PUNCT
taxlaw-2791	875	25	$	$	SYM
taxlaw-2791	875	26	80	80	NUM
taxlaw-2791	875	27	)	)	PUNCT
taxlaw-2791	875	28	times	time	NOUN
taxlaw-2791	875	29	0.0975	0.0975	NUM
taxlaw-2791	875	30	,	,	PUNCT
taxlaw-2791	875	31	i.e.	i.e.	X
taxlaw-2791	875	32	,	,	PUNCT
taxlaw-2791	875	33	0.15	0.15	NUM
taxlaw-2791	875	34	x	x	SYM
taxlaw-2791	875	35	(	(	PUNCT
taxlaw-2791	875	36	1	1	NUM
taxlaw-2791	875	37	–	–	SYM
taxlaw-2791	875	38	0.35	0.35	NUM
taxlaw-2791	875	39	)	)	PUNCT
taxlaw-2791	875	40	;	;	PUNCT
taxlaw-2791	875	41	it	it	PRON
taxlaw-2791	875	42	is	be	AUX
taxlaw-2791	875	43	assumed	assume	VERB
taxlaw-2791	875	44	that	that	SCONJ
taxlaw-2791	875	45	the	the	DET
taxlaw-2791	875	46	investment	investment	NOUN
taxlaw-2791	875	47	return	return	NOUN
taxlaw-2791	875	48	is	be	AUX
taxlaw-2791	875	49	taxed	tax	VERB
taxlaw-2791	875	50	entirely	entirely	ADV
taxlaw-2791	875	51	at	at	ADP
taxlaw-2791	875	52	the	the	DET
taxlaw-2791	875	53	end	end	NOUN
taxlaw-2791	875	54	of	of	ADP
taxlaw-2791	875	55	year	year	NOUN
taxlaw-2791	875	56	3	3	NUM
taxlaw-2791	875	57	.	.	X
taxlaw-2791	875	58	see	see	PROPN
taxlaw-2791	875	59	walker	walker	PROPN
taxlaw-2791	875	60	,	,	PUNCT
taxlaw-2791	875	61	supra	supra	PROPN
taxlaw-2791	875	62	note	note	PROPN
taxlaw-2791	875	63	5	5	NUM
taxlaw-2791	875	64	,	,	PUNCT
taxlaw-2791	875	65	at	at	ADP
taxlaw-2791	875	66	762–63	762–63	PROPN
taxlaw-2791	875	67	(	(	PUNCT
taxlaw-2791	875	68	proposing	propose	VERB
taxlaw-2791	875	69	special	special	ADJ
taxlaw-2791	875	70	surtax	surtax	NOUN
taxlaw-2791	875	71	on	on	ADP
taxlaw-2791	875	72	the	the	DET
taxlaw-2791	875	73	gain	gain	NOUN
taxlaw-2791	875	74	component	component	NOUN
taxlaw-2791	875	75	of	of	ADP
taxlaw-2791	875	76	equity	equity	NOUN
taxlaw-2791	875	77	compensation	compensation	NOUN
taxlaw-2791	875	78	payouts	payout	NOUN
taxlaw-2791	875	79	at	at	ADP
taxlaw-2791	875	80	the	the	DET
taxlaw-2791	875	81	special	special	ADJ
taxlaw-2791	875	82	rate	rate	NOUN
taxlaw-2791	875	83	of	of	ADP
taxlaw-2791	875	84	9.75	9.75	NUM
taxlaw-2791	875	85	%	%	NOUN
taxlaw-2791	875	86	to	to	PART
taxlaw-2791	875	87	replicate	replicate	VERB
taxlaw-2791	875	88	the	the	DET
taxlaw-2791	875	89	effect	effect	NOUN
taxlaw-2791	875	90	of	of	ADP
taxlaw-2791	875	91	taxation	taxation	NOUN
taxlaw-2791	875	92	at	at	ADP
taxlaw-2791	875	93	the	the	DET
taxlaw-2791	875	94	date	date	NOUN
taxlaw-2791	875	95	of	of	ADP
taxlaw-2791	875	96	grant	grant	NOUN
taxlaw-2791	875	97	)	)	PUNCT
taxlaw-2791	875	98	.	.	PUNCT
taxlaw-2791	876	1	proposed	propose	VERB
taxlaw-2791	876	2	§	§	PROPN
taxlaw-2791	876	3	710	710	NUM
taxlaw-2791	876	4	could	could	AUX
taxlaw-2791	876	5	be	be	AUX
taxlaw-2791	876	6	viewed	view	VERB
taxlaw-2791	876	7	as	as	ADP
taxlaw-2791	876	8	imposing	impose	VERB
taxlaw-2791	876	9	“	"	PUNCT
taxlaw-2791	876	10	surrogate	surrogate	ADJ
taxlaw-2791	876	11	taxation	taxation	NOUN
taxlaw-2791	876	12	”	"	PUNCT
taxlaw-2791	876	13	of	of	ADP
taxlaw-2791	876	14	the	the	DET
taxlaw-2791	876	15	investment	investment	NOUN
taxlaw-2791	876	16	return	return	VERB
taxlaw-2791	876	17	attributable	attributable	ADJ
taxlaw-2791	876	18	to	to	ADP
taxlaw-2791	876	19	gp	gp	PROPN
taxlaw-2791	876	20	’s	’s	PART
taxlaw-2791	876	21	reinvested	reinveste	VERB
taxlaw-2791	876	22	implicit	implicit	ADJ
taxlaw-2791	876	23	salary	salary	NOUN
taxlaw-2791	876	24	when	when	SCONJ
taxlaw-2791	876	25	lp	lp	NOUN
taxlaw-2791	876	26	is	be	AUX
taxlaw-2791	876	27	tax	tax	NOUN
taxlaw-2791	876	28	exempt	exempt	ADJ
taxlaw-2791	876	29	.	.	PUNCT
taxlaw-2791	877	1	see	see	VERB
taxlaw-2791	877	2	daniel	daniel	PROPN
taxlaw-2791	877	3	i.	i.	PROPN
taxlaw-2791	877	4	halperin	halperin	PROPN
taxlaw-2791	877	5	,	,	PUNCT
taxlaw-2791	877	6	interest	interest	NOUN
taxlaw-2791	877	7	in	in	ADP
taxlaw-2791	877	8	disguise	disguise	NOUN
taxlaw-2791	877	9	:	:	PUNCT
taxlaw-2791	877	10	taxing	tax	VERB
taxlaw-2791	877	11	the	the	DET
taxlaw-2791	877	12	time	time	NOUN
taxlaw-2791	877	13	value	value	NOUN
taxlaw-2791	877	14	of	of	ADP
taxlaw-2791	877	15	money	money	NOUN
taxlaw-2791	877	16	,	,	PUNCT
taxlaw-2791	877	17	95	95	NUM
taxlaw-2791	877	18	yale	yale	PROPN
taxlaw-2791	877	19	l.j	l.j	PROPN
taxlaw-2791	877	20	.	.	PROPN
taxlaw-2791	877	21	506	506	NUM
taxlaw-2791	877	22	,	,	PUNCT
taxlaw-2791	877	23	523	523	NUM
taxlaw-2791	877	24	(	(	PUNCT
taxlaw-2791	877	25	1986	1986	NUM
taxlaw-2791	877	26	)	)	PUNCT
taxlaw-2791	877	27	(	(	PUNCT
taxlaw-2791	877	28	explaining	explain	VERB
taxlaw-2791	877	29	substitute	substitute	NOUN
taxlaw-2791	877	30	tax	tax	NOUN
taxlaw-2791	877	31	approach	approach	NOUN
taxlaw-2791	877	32	)	)	PUNCT
taxlaw-2791	877	33	.	.	PUNCT
taxlaw-2791	878	1	yet	yet	ADV
taxlaw-2791	878	2	,	,	PUNCT
taxlaw-2791	878	3	prop	prop	NOUN
taxlaw-2791	878	4	.	.	PUNCT
taxlaw-2791	879	1	§	§	PROPN
taxlaw-2791	879	2	710	710	NUM
taxlaw-2791	879	3	applies	apply	VERB
taxlaw-2791	879	4	whether	whether	SCONJ
taxlaw-2791	879	5	or	or	CCONJ
taxlaw-2791	879	6	not	not	PART
taxlaw-2791	879	7	lp	lp	ADV
taxlaw-2791	879	8	is	be	AUX
taxlaw-2791	879	9	tax	tax	NOUN
taxlaw-2791	879	10	exempt	exempt	ADJ
taxlaw-2791	879	11	.	.	PUNCT
taxlaw-2791	880	1	145	145	NUM
taxlaw-2791	880	2	.	.	PUNCT
taxlaw-2791	881	1	see	see	PROPN
taxlaw-2791	881	2	elkins	elkins	PROPN
taxlaw-2791	881	3	&	&	CCONJ
taxlaw-2791	881	4	hanna	hanna	PROPN
taxlaw-2791	881	5	,	,	PUNCT
taxlaw-2791	881	6	supra	supra	PROPN
taxlaw-2791	881	7	note	note	PROPN
taxlaw-2791	881	8	138	138	NUM
taxlaw-2791	881	9	,	,	PUNCT
taxlaw-2791	881	10	at	at	ADP
taxlaw-2791	881	11	96	96	NUM
taxlaw-2791	881	12	.	.	PUNCT
taxlaw-2791	882	1	2010	2010	NUM
taxlaw-2791	882	2	]	]	PUNCT
taxlaw-2791	882	3	the	the	DET
taxlaw-2791	882	4	sou	sou	PROPN
taxlaw-2791	882	5	�	�	PROPN
taxlaw-2791	882	6	d	d	PROPN
taxlaw-2791	882	7	a	a	DET
taxlaw-2791	882	8	�	�	PROPN
taxlaw-2791	882	9	d	d	NOUN
taxlaw-2791	882	10	fury	fury	NOUN
taxlaw-2791	882	11	of	of	ADP
taxlaw-2791	882	12	carried	carry	VERB
taxlaw-2791	882	13	i	i	PRON
taxlaw-2791	882	14	�	�	VERB
taxlaw-2791	882	15	terest	ter	ADJ
taxlaw-2791	882	16	reform	reform	NOUN
taxlaw-2791	882	17	39	39	NUM
taxlaw-2791	882	18	to	to	PART
taxlaw-2791	882	19	summarize	summarize	VERB
taxlaw-2791	882	20	,	,	PUNCT
taxlaw-2791	882	21	the	the	DET
taxlaw-2791	882	22	cash	cash	NOUN
taxlaw-2791	882	23	salary	salary	NOUN
taxlaw-2791	882	24	reinvestment	reinvestment	NOUN
taxlaw-2791	882	25	plan	plan	NOUN
taxlaw-2791	882	26	divides	divide	VERB
taxlaw-2791	882	27	gp	gp	NOUN
taxlaw-2791	882	28	’s	’s	PART
taxlaw-2791	882	29	return	return	NOUN
taxlaw-2791	882	30	into	into	ADP
taxlaw-2791	882	31	two	two	NUM
taxlaw-2791	882	32	components	component	NOUN
taxlaw-2791	882	33	:	:	PUNCT
taxlaw-2791	882	34	a	a	DET
taxlaw-2791	882	35	compensatory	compensatory	ADJ
taxlaw-2791	882	36	component	component	NOUN
taxlaw-2791	882	37	and	and	CCONJ
taxlaw-2791	882	38	an	an	DET
taxlaw-2791	882	39	investment	investment	NOUN
taxlaw-2791	882	40	component	component	NOUN
taxlaw-2791	882	41	.	.	PUNCT
taxlaw-2791	883	1	the	the	DET
taxlaw-2791	883	2	investment	investment	NOUN
taxlaw-2791	883	3	component	component	NOUN
taxlaw-2791	883	4	consists	consist	VERB
taxlaw-2791	883	5	of	of	ADP
taxlaw-2791	883	6	the	the	DET
taxlaw-2791	883	7	yield	yield	NOUN
taxlaw-2791	883	8	(	(	PUNCT
taxlaw-2791	883	9	at	at	ADP
taxlaw-2791	883	10	p	p	X
taxlaw-2791	883	11	’s	’s	NOUN
taxlaw-2791	883	12	rate	rate	NOUN
taxlaw-2791	883	13	of	of	ADP
taxlaw-2791	883	14	return	return	NOUN
taxlaw-2791	883	15	)	)	PUNCT
taxlaw-2791	883	16	on	on	ADP
taxlaw-2791	883	17	gp	gp	NOUN
taxlaw-2791	883	18	’s	’s	PART
taxlaw-2791	883	19	reinvested	reinveste	VERB
taxlaw-2791	883	20	salary	salary	NOUN
taxlaw-2791	883	21	.	.	PUNCT
taxlaw-2791	884	1	gp	gp	NOUN
taxlaw-2791	884	2	’s	’s	PART
taxlaw-2791	884	3	total	total	ADJ
taxlaw-2791	884	4	compensatory	compensatory	ADJ
taxlaw-2791	884	5	return	return	NOUN
taxlaw-2791	884	6	(	(	PUNCT
taxlaw-2791	884	7	$	$	SYM
taxlaw-2791	884	8	140	140	NUM
taxlaw-2791	884	9	)	)	PUNCT
taxlaw-2791	884	10	is	be	AUX
taxlaw-2791	884	11	taxed	tax	VERB
taxlaw-2791	884	12	as	as	ADP
taxlaw-2791	884	13	ordinary	ordinary	ADJ
taxlaw-2791	884	14	income	income	NOUN
taxlaw-2791	884	15	under	under	ADP
taxlaw-2791	884	16	both	both	CCONJ
taxlaw-2791	884	17	the	the	DET
taxlaw-2791	884	18	cash	cash	NOUN
taxlaw-2791	884	19	reinvestment	reinvestment	NOUN
taxlaw-2791	884	20	plan	plan	NOUN
taxlaw-2791	884	21	and	and	CCONJ
taxlaw-2791	884	22	option	option	NOUN
taxlaw-2791	884	23	alternative	alternative	NOUN
taxlaw-2791	884	24	.	.	PUNCT
taxlaw-2791	885	1	the	the	DET
taxlaw-2791	885	2	only	only	ADJ
taxlaw-2791	885	3	difference	difference	NOUN
taxlaw-2791	885	4	is	be	AUX
taxlaw-2791	885	5	that	that	SCONJ
taxlaw-2791	885	6	,	,	PUNCT
taxlaw-2791	885	7	under	under	ADP
taxlaw-2791	885	8	the	the	DET
taxlaw-2791	885	9	cash	cash	NOUN
taxlaw-2791	885	10	salary	salary	NOUN
taxlaw-2791	885	11	reinvestment	reinvestment	NOUN
taxlaw-2791	885	12	plan	plan	NOUN
taxlaw-2791	885	13	,	,	PUNCT
taxlaw-2791	885	14	the	the	DET
taxlaw-2791	885	15	investment	investment	NOUN
taxlaw-2791	885	16	return	return	NOUN
taxlaw-2791	885	17	on	on	ADP
taxlaw-2791	885	18	gp	gp	NOUN
taxlaw-2791	885	19	’s	’s	PART
taxlaw-2791	885	20	reinvested	reinveste	VERB
taxlaw-2791	885	21	salary	salary	NOUN
taxlaw-2791	885	22	is	be	AUX
taxlaw-2791	885	23	taxed	tax	VERB
taxlaw-2791	885	24	to	to	PART
taxlaw-2791	885	25	gp	gp	VERB
taxlaw-2791	885	26	(	(	PUNCT
taxlaw-2791	885	27	at	at	ADP
taxlaw-2791	885	28	capital	capital	NOUN
taxlaw-2791	885	29	gain	gain	NOUN
taxlaw-2791	885	30	rates	rate	NOUN
taxlaw-2791	885	31	)	)	PUNCT
taxlaw-2791	885	32	,	,	PUNCT
taxlaw-2791	885	33	thereby	thereby	ADV
taxlaw-2791	885	34	curtailing	curtail	VERB
taxlaw-2791	885	35	the	the	DET
taxlaw-2791	885	36	benefit	benefit	NOUN
taxlaw-2791	885	37	of	of	ADP
taxlaw-2791	885	38	yield	yield	NOUN
taxlaw-2791	885	39	exemption	exemption	NOUN
taxlaw-2791	885	40	.	.	PUNCT
taxlaw-2791	886	1	by	by	ADP
taxlaw-2791	886	2	opting	opt	VERB
taxlaw-2791	886	3	out	out	ADP
taxlaw-2791	886	4	of	of	ADP
taxlaw-2791	886	5	§	§	PROPN
taxlaw-2791	886	6	710	710	NUM
taxlaw-2791	886	7	,	,	PUNCT
taxlaw-2791	886	8	however	however	ADV
taxlaw-2791	886	9	,	,	PUNCT
taxlaw-2791	886	10	gp	gp	NOUN
taxlaw-2791	886	11	can	can	AUX
taxlaw-2791	886	12	restore	restore	VERB
taxlaw-2791	886	13	yield	yield	NOUN
taxlaw-2791	886	14	exemption	exemption	NOUN
taxlaw-2791	886	15	if	if	SCONJ
taxlaw-2791	886	16	he	he	PRON
taxlaw-2791	886	17	receives	receive	VERB
taxlaw-2791	886	18	an	an	DET
taxlaw-2791	886	19	option	option	NOUN
taxlaw-2791	886	20	rather	rather	ADV
taxlaw-2791	886	21	than	than	ADP
taxlaw-2791	886	22	a	a	DET
taxlaw-2791	886	23	profits	profit	NOUN
taxlaw-2791	886	24	interest	interest	NOUN
taxlaw-2791	886	25	.	.	PUNCT
taxlaw-2791	887	1	under	under	ADP
taxlaw-2791	887	2	the	the	DET
taxlaw-2791	887	3	option	option	NOUN
taxlaw-2791	887	4	alternative	alternative	NOUN
taxlaw-2791	887	5	,	,	PUNCT
taxlaw-2791	887	6	all	all	PRON
taxlaw-2791	887	7	of	of	ADP
taxlaw-2791	887	8	the	the	DET
taxlaw-2791	887	9	investment	investment	NOUN
taxlaw-2791	887	10	return	return	NOUN
taxlaw-2791	887	11	is	be	AUX
taxlaw-2791	887	12	taxed	tax	VERB
taxlaw-2791	887	13	at	at	ADP
taxlaw-2791	887	14	lp	lp	NOUN
taxlaw-2791	887	15	’s	’s	PART
taxlaw-2791	887	16	zero	zero	NUM
taxlaw-2791	887	17	rate	rate	NOUN
taxlaw-2791	887	18	,	,	PUNCT
taxlaw-2791	887	19	leaving	leave	VERB
taxlaw-2791	887	20	gp	gp	NOUN
taxlaw-2791	887	21	in	in	ADP
taxlaw-2791	887	22	the	the	DET
taxlaw-2791	887	23	same	same	ADJ
taxlaw-2791	887	24	position	position	NOUN
taxlaw-2791	887	25	as	as	ADP
taxlaw-2791	887	26	an	an	DET
taxlaw-2791	887	27	employee	employee	NOUN
taxlaw-2791	887	28	who	who	PRON
taxlaw-2791	887	29	defers	defer	VERB
taxlaw-2791	887	30	compensation	compensation	NOUN
taxlaw-2791	887	31	through	through	ADP
taxlaw-2791	887	32	a	a	DET
taxlaw-2791	887	33	tax	tax	NOUN
taxlaw-2791	887	34	-	-	PUNCT
taxlaw-2791	887	35	exempt	exempt	ADJ
taxlaw-2791	887	36	employer	employer	NOUN
taxlaw-2791	887	37	.	.	PUNCT
taxlaw-2791	888	1	the	the	DET
taxlaw-2791	888	2	co	co	NOUN
taxlaw-2791	888	3	-	-	ADJ
taxlaw-2791	888	4	investment	investment	ADJ
taxlaw-2791	888	5	analogy	analogy	NOUN
taxlaw-2791	888	6	illustrates	illustrate	VERB
taxlaw-2791	888	7	that	that	SCONJ
taxlaw-2791	888	8	if	if	SCONJ
taxlaw-2791	888	9	§	§	PROPN
taxlaw-2791	888	10	710	710	NUM
taxlaw-2791	888	11	operated	operate	VERB
taxlaw-2791	888	12	according	accord	VERB
taxlaw-2791	888	13	to	to	ADP
taxlaw-2791	888	14	its	its	PRON
taxlaw-2791	888	15	goals	goal	NOUN
taxlaw-2791	888	16	,	,	PUNCT
taxlaw-2791	888	17	it	it	PRON
taxlaw-2791	888	18	would	would	AUX
taxlaw-2791	888	19	tax	tax	VERB
taxlaw-2791	888	20	gp	gp	NOUN
taxlaw-2791	888	21	on	on	ADP
taxlaw-2791	888	22	the	the	DET
taxlaw-2791	888	23	discounted	discount	VERB
taxlaw-2791	888	24	present	present	ADJ
taxlaw-2791	888	25	value	value	NOUN
taxlaw-2791	888	26	of	of	ADP
taxlaw-2791	888	27	his	his	PRON
taxlaw-2791	888	28	compensation	compensation	NOUN
taxlaw-2791	888	29	income	income	NOUN
taxlaw-2791	888	30	,	,	PUNCT
taxlaw-2791	888	31	while	while	SCONJ
taxlaw-2791	888	32	imputing	impute	VERB
taxlaw-2791	888	33	an	an	DET
taxlaw-2791	888	34	investment	investment	NOUN
taxlaw-2791	888	35	return	return	NOUN
taxlaw-2791	888	36	(	(	PUNCT
taxlaw-2791	888	37	taxed	tax	VERB
taxlaw-2791	888	38	as	as	ADP
taxlaw-2791	888	39	capital	capital	NOUN
taxlaw-2791	888	40	gain	gain	NOUN
taxlaw-2791	888	41	)	)	PUNCT
taxlaw-2791	888	42	on	on	ADP
taxlaw-2791	888	43	gp	gp	NOUN
taxlaw-2791	888	44	’s	’s	PART
taxlaw-2791	888	45	reinvested	reinveste	VERB
taxlaw-2791	888	46	salary	salary	NOUN
taxlaw-2791	888	47	.	.	PUNCT
taxlaw-2791	889	1	in	in	ADP
taxlaw-2791	889	2	present	present	ADJ
taxlaw-2791	889	3	-	-	PUNCT
taxlaw-2791	889	4	value	value	NOUN
taxlaw-2791	889	5	terms	term	NOUN
taxlaw-2791	889	6	,	,	PUNCT
taxlaw-2791	889	7	current	current	ADJ
taxlaw-2791	889	8	and	and	CCONJ
taxlaw-2791	889	9	deferred	deferred	ADJ
taxlaw-2791	889	10	taxation	taxation	NOUN
taxlaw-2791	889	11	of	of	ADP
taxlaw-2791	889	12	the	the	DET
taxlaw-2791	889	13	compensation	compensation	NOUN
taxlaw-2791	889	14	component	component	NOUN
taxlaw-2791	889	15	of	of	ADP
taxlaw-2791	889	16	gp	gp	NOUN
taxlaw-2791	889	17	’s	’s	PART
taxlaw-2791	889	18	return	return	NOUN
taxlaw-2791	889	19	should	should	AUX
taxlaw-2791	889	20	be	be	AUX
taxlaw-2791	889	21	equivalent.146	equivalent.146	NOUN
taxlaw-2791	889	22	since	since	SCONJ
taxlaw-2791	889	23	the	the	DET
taxlaw-2791	889	24	tax	tax	NOUN
taxlaw-2791	889	25	is	be	AUX
taxlaw-2791	889	26	imposed	impose	VERB
taxlaw-2791	889	27	on	on	ADP
taxlaw-2791	889	28	the	the	DET
taxlaw-2791	889	29	augmented	augment	VERB
taxlaw-2791	889	30	payout	payout	NOUN
taxlaw-2791	889	31	,	,	PUNCT
taxlaw-2791	889	32	deferring	defer	VERB
taxlaw-2791	889	33	taxation	taxation	NOUN
taxlaw-2791	889	34	of	of	ADP
taxlaw-2791	889	35	gp	gp	NOUN
taxlaw-2791	889	36	’s	’s	PART
taxlaw-2791	889	37	implicit	implicit	ADJ
taxlaw-2791	889	38	salary	salary	NOUN
taxlaw-2791	889	39	does	do	AUX
taxlaw-2791	889	40	not	not	PART
taxlaw-2791	889	41	necessarily	necessarily	ADV
taxlaw-2791	889	42	leave	leave	VERB
taxlaw-2791	889	43	the	the	DET
taxlaw-2791	889	44	government	government	NOUN
taxlaw-2791	889	45	worse	bad	ADJ
taxlaw-2791	889	46	off	off	ADV
taxlaw-2791	889	47	:	:	PUNCT
taxlaw-2791	889	48	the	the	DET
taxlaw-2791	889	49	“	"	PUNCT
taxlaw-2791	889	50	loan	loan	NOUN
taxlaw-2791	889	51	”	"	PUNCT
taxlaw-2791	889	52	from	from	ADP
taxlaw-2791	889	53	the	the	DET
taxlaw-2791	889	54	government	government	NOUN
taxlaw-2791	889	55	is	be	AUX
taxlaw-2791	889	56	“	"	PUNCT
taxlaw-2791	889	57	repaid	repay	VERB
taxlaw-2791	889	58	at	at	ADP
taxlaw-2791	889	59	an	an	DET
taxlaw-2791	889	60	interest	interest	NOUN
taxlaw-2791	889	61	rate	rate	NOUN
taxlaw-2791	889	62	reflecting	reflect	VERB
taxlaw-2791	889	63	the	the	DET
taxlaw-2791	889	64	taxpayer	taxpayer	NOUN
taxlaw-2791	889	65	’s	’s	PART
taxlaw-2791	889	66	rate	rate	NOUN
taxlaw-2791	889	67	of	of	ADP
taxlaw-2791	889	68	return	return	NOUN
taxlaw-2791	889	69	on	on	ADP
taxlaw-2791	889	70	investment	investment	NOUN
taxlaw-2791	889	71	.	.	PUNCT
taxlaw-2791	889	72	”147	”147	PROPN
taxlaw-2791	890	1	under	under	ADP
taxlaw-2791	890	2	§	§	PROPN
taxlaw-2791	890	3	710	710	NUM
taxlaw-2791	890	4	,	,	PUNCT
taxlaw-2791	890	5	a	a	DET
taxlaw-2791	890	6	portion	portion	NOUN
taxlaw-2791	890	7	of	of	ADP
taxlaw-2791	890	8	the	the	DET
taxlaw-2791	890	9	investment	investment	NOUN
taxlaw-2791	890	10	return	return	NOUN
taxlaw-2791	890	11	is	be	AUX
taxlaw-2791	890	12	shifted	shift	VERB
taxlaw-2791	890	13	from	from	ADP
taxlaw-2791	890	14	lp	lp	NOUN
taxlaw-2791	890	15	to	to	ADP
taxlaw-2791	890	16	gp	gp	NOUN
taxlaw-2791	890	17	(	(	PUNCT
taxlaw-2791	890	18	and	and	CCONJ
taxlaw-2791	890	19	taxed	tax	VERB
taxlaw-2791	890	20	at	at	ADP
taxlaw-2791	890	21	gp	gp	NOUN
taxlaw-2791	890	22	’s	’s	PART
taxlaw-2791	890	23	rate	rate	NOUN
taxlaw-2791	890	24	)	)	PUNCT
taxlaw-2791	890	25	;	;	PUNCT
taxlaw-2791	890	26	as	as	ADP
taxlaw-2791	890	27	a	a	DET
taxlaw-2791	890	28	result	result	NOUN
taxlaw-2791	890	29	,	,	PUNCT
taxlaw-2791	890	30	the	the	DET
taxlaw-2791	890	31	government	government	NOUN
taxlaw-2791	890	32	collects	collect	VERB
taxlaw-2791	890	33	a	a	DET
taxlaw-2791	890	34	capital	capital	NOUN
taxlaw-2791	890	35	gain	gain	NOUN
taxlaw-2791	890	36	tax	tax	NOUN
taxlaw-2791	890	37	on	on	ADP
taxlaw-2791	890	38	the	the	DET
taxlaw-2791	890	39	investment	investment	NOUN
taxlaw-2791	890	40	return	return	NOUN
taxlaw-2791	890	41	on	on	ADP
taxlaw-2791	890	42	reinvested	reinvested	ADJ
taxlaw-2791	890	43	salary	salary	NOUN
taxlaw-2791	890	44	that	that	SCONJ
taxlaw-2791	890	45	it	it	PRON
taxlaw-2791	890	46	would	would	AUX
taxlaw-2791	890	47	otherwise	otherwise	ADV
taxlaw-2791	890	48	forego	forego	VERB
taxlaw-2791	890	49	if	if	SCONJ
taxlaw-2791	890	50	the	the	DET
taxlaw-2791	890	51	parties	party	NOUN
taxlaw-2791	890	52	had	have	AUX
taxlaw-2791	890	53	structured	structure	VERB
taxlaw-2791	890	54	the	the	DET
taxlaw-2791	890	55	transaction	transaction	NOUN
taxlaw-2791	890	56	as	as	ADP
taxlaw-2791	890	57	a	a	DET
taxlaw-2791	890	58	european	european	ADJ
taxlaw-2791	890	59	option	option	NOUN
taxlaw-2791	890	60	.	.	PUNCT
taxlaw-2791	891	1	the	the	DET
taxlaw-2791	891	2	“	"	PUNCT
taxlaw-2791	891	3	extra	extra	ADJ
taxlaw-2791	891	4	”	"	PUNCT
taxlaw-2791	891	5	capital	capital	NOUN
taxlaw-2791	891	6	gain	gain	NOUN
taxlaw-2791	891	7	tax	tax	NOUN
taxlaw-2791	891	8	is	be	AUX
taxlaw-2791	891	9	simply	simply	ADV
taxlaw-2791	891	10	the	the	DET
taxlaw-2791	891	11	tax	tax	NOUN
taxlaw-2791	891	12	on	on	ADP
taxlaw-2791	891	13	the	the	DET
taxlaw-2791	891	14	investment	investment	NOUN
taxlaw-2791	891	15	return	return	NOUN
taxlaw-2791	891	16	on	on	ADP
taxlaw-2791	891	17	gp	gp	NOUN
taxlaw-2791	891	18	’s	’s	PART
taxlaw-2791	891	19	reinvested	reinveste	VERB
taxlaw-2791	891	20	salary	salary	NOUN
taxlaw-2791	891	21	which	which	PRON
taxlaw-2791	891	22	would	would	AUX
taxlaw-2791	891	23	compound	compound	VERB
taxlaw-2791	891	24	tax	tax	NOUN
taxlaw-2791	891	25	free	free	ADJ
taxlaw-2791	891	26	if	if	SCONJ
taxlaw-2791	891	27	gp	gp	NOUN
taxlaw-2791	891	28	were	be	AUX
taxlaw-2791	891	29	permitted	permit	VERB
taxlaw-2791	891	30	to	to	PART
taxlaw-2791	891	31	invest	invest	VERB
taxlaw-2791	891	32	through	through	ADP
taxlaw-2791	891	33	lp	lp	PROPN
taxlaw-2791	891	34	(	(	PUNCT
taxlaw-2791	891	35	gp	gp	NOUN
taxlaw-2791	891	36	’s	’s	PART
taxlaw-2791	891	37	tax	tax	NOUN
taxlaw-2791	891	38	-	-	PUNCT
taxlaw-2791	891	39	exempt	exempt	ADJ
taxlaw-2791	891	40	employer).148	employer).148	PROPN
taxlaw-2791	891	41	since	since	SCONJ
taxlaw-2791	891	42	this	this	DET
taxlaw-2791	891	43	type	type	NOUN
taxlaw-2791	891	44	of	of	ADP
taxlaw-2791	891	45	jointtax	jointtax	ADJ
taxlaw-2791	891	46	arbitrage	arbitrage	NOUN
taxlaw-2791	891	47	occurs	occur	VERB
taxlaw-2791	891	48	whenever	whenever	SCONJ
taxlaw-2791	891	49	compensation	compensation	NOUN
taxlaw-2791	891	50	is	be	AUX
taxlaw-2791	891	51	deferred	defer	VERB
taxlaw-2791	891	52	and	and	CCONJ
taxlaw-2791	891	53	the	the	DET
taxlaw-2791	891	54	employer	employer	NOUN
taxlaw-2791	891	55	is	be	AUX
taxlaw-2791	891	56	tax	tax	NOUN
taxlaw-2791	891	57	exempt	exempt	ADJ
taxlaw-2791	891	58	,	,	PUNCT
taxlaw-2791	891	59	however	however	ADV
taxlaw-2791	891	60	,	,	PUNCT
taxlaw-2791	891	61	it	it	PRON
taxlaw-2791	891	62	is	be	AUX
taxlaw-2791	891	63	not	not	PART
taxlaw-2791	891	64	clear	clear	ADJ
taxlaw-2791	891	65	that	that	SCONJ
taxlaw-2791	891	66	§	§	PROPN
taxlaw-2791	891	67	710	710	NUM
taxlaw-2791	891	68	is	be	AUX
taxlaw-2791	891	69	needed	need	VERB
taxlaw-2791	891	70	to	to	PART
taxlaw-2791	891	71	address	address	VERB
taxlaw-2791	891	72	this	this	DET
taxlaw-2791	891	73	146	146	NUM
taxlaw-2791	891	74	.	.	PUNCT
taxlaw-2791	892	1	by	by	ADP
taxlaw-2791	892	2	analogy	analogy	NOUN
taxlaw-2791	892	3	to	to	ADP
taxlaw-2791	892	4	a	a	DET
taxlaw-2791	892	5	traditional	traditional	ADJ
taxlaw-2791	892	6	ira	ira	PROPN
taxlaw-2791	892	7	,	,	PUNCT
taxlaw-2791	892	8	deferring	defer	VERB
taxlaw-2791	892	9	the	the	DET
taxlaw-2791	892	10	tax	tax	NOUN
taxlaw-2791	892	11	on	on	ADP
taxlaw-2791	892	12	gp	gp	NOUN
taxlaw-2791	892	13	’s	’s	PART
taxlaw-2791	892	14	salary	salary	NOUN
taxlaw-2791	892	15	and	and	CCONJ
taxlaw-2791	892	16	taxing	tax	VERB
taxlaw-2791	892	17	the	the	DET
taxlaw-2791	892	18	accumulated	accumulate	VERB
taxlaw-2791	892	19	amount	amount	NOUN
taxlaw-2791	892	20	is	be	AUX
taxlaw-2791	892	21	equivalent	equivalent	ADJ
taxlaw-2791	892	22	to	to	ADP
taxlaw-2791	892	23	taxing	tax	VERB
taxlaw-2791	892	24	the	the	DET
taxlaw-2791	892	25	initial	initial	ADJ
taxlaw-2791	892	26	salary	salary	NOUN
taxlaw-2791	892	27	and	and	CCONJ
taxlaw-2791	892	28	exempting	exempt	VERB
taxlaw-2791	892	29	the	the	DET
taxlaw-2791	892	30	investment	investment	NOUN
taxlaw-2791	892	31	return	return	NOUN
taxlaw-2791	892	32	.	.	PUNCT
taxlaw-2791	893	1	see	see	VERB
taxlaw-2791	893	2	william	william	PROPN
taxlaw-2791	893	3	d.	d.	PROPN
taxlaw-2791	893	4	andrews	andrews	PROPN
taxlaw-2791	893	5	,	,	PUNCT
taxlaw-2791	893	6	a	a	DET
taxlaw-2791	893	7	consumption	consumption	NOUN
taxlaw-2791	893	8	-	-	PUNCT
taxlaw-2791	893	9	type	type	NOUN
taxlaw-2791	893	10	or	or	CCONJ
taxlaw-2791	893	11	cash	cash	NOUN
taxlaw-2791	893	12	flow	flow	NOUN
taxlaw-2791	893	13	personal	personal	ADJ
taxlaw-2791	893	14	income	income	NOUN
taxlaw-2791	893	15	tax	tax	NOUN
taxlaw-2791	893	16	,	,	PUNCT
taxlaw-2791	893	17	87	87	NUM
taxlaw-2791	893	18	harv	harv	NOUN
taxlaw-2791	893	19	.	.	PUNCT
taxlaw-2791	894	1	l.	l.	PROPN
taxlaw-2791	894	2	rev	rev	PROPN
taxlaw-2791	894	3	.	.	PROPN
taxlaw-2791	894	4	1113	1113	NUM
taxlaw-2791	894	5	,	,	PUNCT
taxlaw-2791	894	6	1126	1126	NUM
taxlaw-2791	894	7	(	(	PUNCT
taxlaw-2791	894	8	1974	1974	NUM
taxlaw-2791	894	9	)	)	PUNCT
taxlaw-2791	894	10	(	(	PUNCT
taxlaw-2791	894	11	“	"	PUNCT
taxlaw-2791	894	12	[	[	X
taxlaw-2791	894	13	d]eferring	d]eferre	VERB
taxlaw-2791	894	14	the	the	DET
taxlaw-2791	894	15	tax	tax	NOUN
taxlaw-2791	894	16	is	be	AUX
taxlaw-2791	894	17	the	the	DET
taxlaw-2791	894	18	equivalent	equivalent	NOUN
taxlaw-2791	894	19	of	of	ADP
taxlaw-2791	894	20	imposing	impose	VERB
taxlaw-2791	894	21	the	the	DET
taxlaw-2791	894	22	tax	tax	NOUN
taxlaw-2791	894	23	initially	initially	ADV
taxlaw-2791	894	24	,	,	PUNCT
taxlaw-2791	894	25	but	but	CCONJ
taxlaw-2791	894	26	exempting	exempt	VERB
taxlaw-2791	894	27	any	any	DET
taxlaw-2791	894	28	subsequent	subsequent	ADJ
taxlaw-2791	894	29	profit	profit	NOUN
taxlaw-2791	894	30	due	due	ADP
taxlaw-2791	894	31	to	to	ADP
taxlaw-2791	894	32	continued	continue	VERB
taxlaw-2791	894	33	investment	investment	NOUN
taxlaw-2791	894	34	of	of	ADP
taxlaw-2791	894	35	what	what	PRON
taxlaw-2791	894	36	is	be	AUX
taxlaw-2791	894	37	left	leave	VERB
taxlaw-2791	894	38	after	after	ADP
taxlaw-2791	894	39	payment	payment	NOUN
taxlaw-2791	894	40	of	of	ADP
taxlaw-2791	894	41	the	the	DET
taxlaw-2791	894	42	tax	tax	NOUN
taxlaw-2791	894	43	.	.	PUNCT
taxlaw-2791	894	44	”	"	PUNCT
taxlaw-2791	894	45	)	)	PUNCT
taxlaw-2791	894	46	;	;	PUNCT
taxlaw-2791	894	47	walker	walker	PROPN
taxlaw-2791	894	48	,	,	PUNCT
taxlaw-2791	894	49	supra	supra	PROPN
taxlaw-2791	894	50	note	note	PROPN
taxlaw-2791	894	51	5	5	NUM
taxlaw-2791	894	52	,	,	PUNCT
taxlaw-2791	894	53	at	at	ADP
taxlaw-2791	894	54	711	711	NUM
taxlaw-2791	894	55	.	.	PUNCT
taxlaw-2791	894	56	147	147	NUM
taxlaw-2791	894	57	.	.	PUNCT
taxlaw-2791	895	1	halperin	halperin	PROPN
taxlaw-2791	895	2	,	,	PUNCT
taxlaw-2791	895	3	supra	supra	PROPN
taxlaw-2791	895	4	note	note	NOUN
taxlaw-2791	895	5	144	144	NUM
taxlaw-2791	895	6	,	,	PUNCT
taxlaw-2791	895	7	at	at	ADP
taxlaw-2791	895	8	532	532	NUM
taxlaw-2791	895	9	;	;	PUNCT
taxlaw-2791	895	10	i	i	PRON
taxlaw-2791	895	11	d.	d.	PROPN
taxlaw-2791	895	12	at	at	ADP
taxlaw-2791	895	13	533	533	NUM
taxlaw-2791	895	14	(	(	PUNCT
taxlaw-2791	895	15	noting	note	VERB
taxlaw-2791	895	16	that	that	SCONJ
taxlaw-2791	895	17	the	the	DET
taxlaw-2791	895	18	government	government	NOUN
taxlaw-2791	895	19	“	"	PUNCT
taxlaw-2791	895	20	does	do	AUX
taxlaw-2791	895	21	not	not	PART
taxlaw-2791	895	22	necessarily	necessarily	ADV
taxlaw-2791	895	23	lose	lose	VERB
taxlaw-2791	895	24	when	when	SCONJ
taxlaw-2791	895	25	it	it	PRON
taxlaw-2791	895	26	‘	'	PUNCT
taxlaw-2791	895	27	lends	lend	VERB
taxlaw-2791	895	28	’	'	PUNCT
taxlaw-2791	895	29	by	by	ADP
taxlaw-2791	895	30	deferring	defer	VERB
taxlaw-2791	895	31	inclusion	inclusion	NOUN
taxlaw-2791	895	32	of	of	ADP
taxlaw-2791	895	33	an	an	DET
taxlaw-2791	895	34	employee	employee	NOUN
taxlaw-2791	895	35	’s	’s	PART
taxlaw-2791	895	36	income	income	NOUN
taxlaw-2791	895	37	”	"	PUNCT
taxlaw-2791	895	38	if	if	SCONJ
taxlaw-2791	895	39	the	the	DET
taxlaw-2791	895	40	private	private	ADJ
taxlaw-2791	895	41	parties	party	NOUN
taxlaw-2791	895	42	earn	earn	VERB
taxlaw-2791	895	43	a	a	DET
taxlaw-2791	895	44	higher	high	ADJ
taxlaw-2791	895	45	rate	rate	NOUN
taxlaw-2791	895	46	of	of	ADP
taxlaw-2791	895	47	return	return	NOUN
taxlaw-2791	895	48	)	)	PUNCT
taxlaw-2791	895	49	.	.	PUNCT
taxlaw-2791	896	1	148	148	NUM
taxlaw-2791	896	2	.	.	PUNCT
taxlaw-2791	897	1	see	see	VERB
taxlaw-2791	897	2	i	i	PRON
taxlaw-2791	897	3	d.	d.	PROPN
taxlaw-2791	897	4	at	at	ADP
taxlaw-2791	897	5	539–50	539–50	NOUN
taxlaw-2791	897	6	(	(	PUNCT
taxlaw-2791	897	7	suggesting	suggest	VERB
taxlaw-2791	897	8	that	that	SCONJ
taxlaw-2791	897	9	the	the	DET
taxlaw-2791	897	10	tax	tax	NOUN
taxlaw-2791	897	11	advantages	advantage	NOUN
taxlaw-2791	897	12	of	of	ADP
taxlaw-2791	897	13	nonqualified	nonqualified	ADJ
taxlaw-2791	897	14	deferred	defer	VERB
taxlaw-2791	897	15	compensation	compensation	NOUN
taxlaw-2791	897	16	could	could	AUX
taxlaw-2791	897	17	be	be	AUX
taxlaw-2791	897	18	significantly	significantly	ADV
taxlaw-2791	897	19	curtailed	curtail	VERB
taxlaw-2791	897	20	by	by	ADP
taxlaw-2791	897	21	taxing	tax	VERB
taxlaw-2791	897	22	currently	currently	ADV
taxlaw-2791	897	23	—	—	PUNCT
taxlaw-2791	897	24	at	at	ADP
taxlaw-2791	897	25	the	the	DET
taxlaw-2791	897	26	employee	employee	NOUN
taxlaw-2791	897	27	’s	’s	PART
taxlaw-2791	897	28	rates	rate	NOUN
taxlaw-2791	897	29	—	—	PUNCT
taxlaw-2791	897	30	the	the	DET
taxlaw-2791	897	31	investment	investment	NOUN
taxlaw-2791	897	32	income	income	NOUN
taxlaw-2791	897	33	earned	earn	VERB
taxlaw-2791	897	34	on	on	ADP
taxlaw-2791	897	35	the	the	DET
taxlaw-2791	897	36	deferred	defer	VERB
taxlaw-2791	897	37	compensation	compensation	NOUN
taxlaw-2791	897	38	)	)	PUNCT
taxlaw-2791	897	39	.	.	PUNCT
taxlaw-2791	898	1	40	40	NUM
taxlaw-2791	898	2	columbia	columbia	PROPN
taxlaw-2791	898	3	jour	jour	PROPN
taxlaw-2791	898	4	�	�	PROPN
taxlaw-2791	898	5	al	al	PROPN
taxlaw-2791	898	6	of	of	ADP
taxlaw-2791	898	7	tax	tax	NOUN
taxlaw-2791	898	8	law	law	NOUN
taxlaw-2791	899	1	[	[	X
taxlaw-2791	899	2	vol	vol	NOUN
taxlaw-2791	899	3	.	.	PUNCT
taxlaw-2791	900	1	1:1	1:1	NUM
taxlaw-2791	900	2	problem.149	problem.149	NOUN
taxlaw-2791	900	3	if	if	SCONJ
taxlaw-2791	900	4	one	one	NUM
taxlaw-2791	900	5	objects	object	VERB
taxlaw-2791	900	6	to	to	PART
taxlaw-2791	900	7	gp	gp	VERB
taxlaw-2791	900	8	’s	’s	PART
taxlaw-2791	900	9	ability	ability	NOUN
taxlaw-2791	900	10	to	to	PART
taxlaw-2791	900	11	obtain	obtain	VERB
taxlaw-2791	900	12	ira	ira	PROPN
taxlaw-2791	900	13	-	-	PUNCT
taxlaw-2791	900	14	like	like	ADJ
taxlaw-2791	900	15	yield	yield	NOUN
taxlaw-2791	900	16	exemption	exemption	NOUN
taxlaw-2791	900	17	when	when	SCONJ
taxlaw-2791	900	18	lp	lp	NOUN
taxlaw-2791	900	19	is	be	AUX
taxlaw-2791	900	20	tax	tax	NOUN
taxlaw-2791	900	21	-	-	PUNCT
taxlaw-2791	900	22	exempt	exempt	ADJ
taxlaw-2791	900	23	,	,	PUNCT
taxlaw-2791	900	24	then	then	ADV
taxlaw-2791	900	25	the	the	DET
taxlaw-2791	900	26	problem	problem	NOUN
taxlaw-2791	900	27	is	be	AUX
taxlaw-2791	900	28	not	not	PART
taxlaw-2791	900	29	necessarily	necessarily	ADV
taxlaw-2791	900	30	cured	cure	VERB
taxlaw-2791	900	31	by	by	ADP
taxlaw-2791	900	32	§	§	PROPN
taxlaw-2791	900	33	710	710	NUM
taxlaw-2791	900	34	which	which	PRON
taxlaw-2791	900	35	merely	merely	ADV
taxlaw-2791	900	36	encourages	encourage	VERB
taxlaw-2791	900	37	a	a	DET
taxlaw-2791	900	38	shift	shift	NOUN
taxlaw-2791	900	39	from	from	ADP
taxlaw-2791	900	40	profits	profit	NOUN
taxlaw-2791	900	41	treatment	treatment	NOUN
taxlaw-2791	900	42	to	to	ADP
taxlaw-2791	900	43	option	option	NOUN
taxlaw-2791	900	44	treatment	treatment	NOUN
taxlaw-2791	900	45	.	.	PUNCT
taxlaw-2791	901	1	once	once	ADV
taxlaw-2791	901	2	again	again	ADV
taxlaw-2791	901	3	,	,	PUNCT
taxlaw-2791	901	4	the	the	DET
taxlaw-2791	901	5	problem	problem	NOUN
taxlaw-2791	901	6	of	of	ADP
taxlaw-2791	901	7	joint	joint	ADJ
taxlaw-2791	901	8	-	-	PUNCT
taxlaw-2791	901	9	tax	tax	NOUN
taxlaw-2791	901	10	arbitrage	arbitrage	NOUN
taxlaw-2791	901	11	results	result	VERB
taxlaw-2791	901	12	not	not	PART
taxlaw-2791	901	13	from	from	ADP
taxlaw-2791	901	14	a	a	DET
taxlaw-2791	901	15	flaw	flaw	NOUN
taxlaw-2791	901	16	in	in	ADP
taxlaw-2791	901	17	the	the	DET
taxlaw-2791	901	18	treatment	treatment	NOUN
taxlaw-2791	901	19	of	of	ADP
taxlaw-2791	901	20	profits	profit	NOUN
taxlaw-2791	901	21	interests	interest	NOUN
taxlaw-2791	901	22	but	but	CCONJ
taxlaw-2791	901	23	rather	rather	ADV
taxlaw-2791	901	24	from	from	ADP
taxlaw-2791	901	25	gp	gp	NOUN
taxlaw-2791	901	26	’s	’s	PART
taxlaw-2791	901	27	ability	ability	NOUN
taxlaw-2791	901	28	to	to	PART
taxlaw-2791	901	29	exploit	exploit	VERB
taxlaw-2791	901	30	lp	lp	NOUN
taxlaw-2791	901	31	’s	’s	PART
taxlaw-2791	901	32	tax	tax	NOUN
taxlaw-2791	901	33	-	-	PUNCT
taxlaw-2791	901	34	exempt	exempt	ADJ
taxlaw-2791	901	35	status	status	NOUN
taxlaw-2791	901	36	.	.	PUNCT
taxlaw-2791	902	1	if	if	SCONJ
taxlaw-2791	902	2	lp	lp	PROPN
taxlaw-2791	902	3	were	be	AUX
taxlaw-2791	902	4	taxable	taxable	ADJ
taxlaw-2791	902	5	,	,	PUNCT
taxlaw-2791	902	6	option	option	NOUN
taxlaw-2791	902	7	treatment	treatment	NOUN
taxlaw-2791	902	8	would	would	AUX
taxlaw-2791	902	9	not	not	PART
taxlaw-2791	902	10	result	result	VERB
taxlaw-2791	902	11	in	in	ADP
taxlaw-2791	902	12	any	any	DET
taxlaw-2791	902	13	joint	joint	ADJ
taxlaw-2791	902	14	-	-	PUNCT
taxlaw-2791	902	15	tax	tax	NOUN
taxlaw-2791	902	16	advantage	advantage	NOUN
taxlaw-2791	902	17	(	(	PUNCT
taxlaw-2791	902	18	or	or	CCONJ
taxlaw-2791	902	19	disadvantage	disadvantage	NOUN
taxlaw-2791	902	20	)	)	PUNCT
taxlaw-2791	902	21	because	because	SCONJ
taxlaw-2791	902	22	investment	investment	NOUN
taxlaw-2791	902	23	return	return	NOUN
taxlaw-2791	902	24	would	would	AUX
taxlaw-2791	902	25	be	be	AUX
taxlaw-2791	902	26	fully	fully	ADV
taxlaw-2791	902	27	taxed	tax	VERB
taxlaw-2791	902	28	.	.	PUNCT
taxlaw-2791	903	1	whether	whether	SCONJ
taxlaw-2791	903	2	the	the	DET
taxlaw-2791	903	3	investment	investment	NOUN
taxlaw-2791	903	4	return	return	NOUN
taxlaw-2791	903	5	is	be	AUX
taxlaw-2791	903	6	taxed	tax	VERB
taxlaw-2791	903	7	at	at	ADP
taxlaw-2791	903	8	lp	lp	NOUN
taxlaw-2791	903	9	’s	’s	PART
taxlaw-2791	903	10	rate	rate	NOUN
taxlaw-2791	903	11	or	or	CCONJ
taxlaw-2791	903	12	gp	gp	NOUN
taxlaw-2791	903	13	’s	’s	PART
taxlaw-2791	903	14	rate	rate	NOUN
taxlaw-2791	903	15	is	be	AUX
taxlaw-2791	903	16	a	a	DET
taxlaw-2791	903	17	matter	matter	NOUN
taxlaw-2791	903	18	of	of	ADP
taxlaw-2791	903	19	indifference	indifference	NOUN
taxlaw-2791	903	20	if	if	SCONJ
taxlaw-2791	903	21	both	both	DET
taxlaw-2791	903	22	parties	party	NOUN
taxlaw-2791	903	23	are	be	AUX
taxlaw-2791	903	24	same	same	ADJ
taxlaw-2791	903	25	taxed	tax	VERB
taxlaw-2791	903	26	,	,	PUNCT
taxlaw-2791	903	27	since	since	SCONJ
taxlaw-2791	903	28	someone	someone	PRON
taxlaw-2791	903	29	must	must	AUX
taxlaw-2791	903	30	always	always	ADV
taxlaw-2791	903	31	be	be	AUX
taxlaw-2791	903	32	taxed	tax	VERB
taxlaw-2791	903	33	on	on	ADP
taxlaw-2791	903	34	the	the	DET
taxlaw-2791	903	35	investment	investment	NOUN
taxlaw-2791	903	36	return	return	NOUN
taxlaw-2791	903	37	.	.	PUNCT
taxlaw-2791	904	1	example	example	NOUN
taxlaw-2791	904	2	(	(	PUNCT
taxlaw-2791	904	3	4	4	X
taxlaw-2791	904	4	)	)	PUNCT
taxlaw-2791	904	5	ignores	ignore	VERB
taxlaw-2791	904	6	all	all	PRON
taxlaw-2791	904	7	of	of	ADP
taxlaw-2791	904	8	the	the	DET
taxlaw-2791	904	9	problems	problem	NOUN
taxlaw-2791	904	10	of	of	ADP
taxlaw-2791	904	11	valuing	value	VERB
taxlaw-2791	904	12	p	p	X
taxlaw-2791	904	13	’s	’s	PART
taxlaw-2791	904	14	illiquid	illiquid	ADJ
taxlaw-2791	904	15	assets	asset	NOUN
taxlaw-2791	904	16	,	,	PUNCT
taxlaw-2791	904	17	the	the	DET
taxlaw-2791	904	18	timing	timing	NOUN
taxlaw-2791	904	19	of	of	ADP
taxlaw-2791	904	20	gain	gain	NOUN
taxlaw-2791	904	21	accrual	accrual	ADJ
taxlaw-2791	904	22	,	,	PUNCT
taxlaw-2791	904	23	the	the	DET
taxlaw-2791	904	24	reasonableness	reasonableness	NOUN
taxlaw-2791	904	25	of	of	ADP
taxlaw-2791	904	26	returns	return	NOUN
taxlaw-2791	904	27	to	to	ADP
taxlaw-2791	904	28	qualified	qualified	ADJ
taxlaw-2791	904	29	capital	capital	NOUN
taxlaw-2791	904	30	,	,	PUNCT
taxlaw-2791	904	31	and	and	CCONJ
taxlaw-2791	904	32	the	the	DET
taxlaw-2791	904	33	passthrough	passthrough	NOUN
taxlaw-2791	904	34	of	of	ADP
taxlaw-2791	904	35	losses	loss	NOUN
taxlaw-2791	904	36	.	.	PUNCT
taxlaw-2791	905	1	as	as	ADP
taxlaw-2791	905	2	a	a	DET
taxlaw-2791	905	3	partner	partner	NOUN
taxlaw-2791	905	4	,	,	PUNCT
taxlaw-2791	905	5	gp	gp	NOUN
taxlaw-2791	905	6	benefits	benefit	NOUN
taxlaw-2791	905	7	from	from	ADP
taxlaw-2791	905	8	the	the	DET
taxlaw-2791	905	9	ability	ability	NOUN
taxlaw-2791	905	10	to	to	PART
taxlaw-2791	905	11	use	use	VERB
taxlaw-2791	905	12	losses	loss	NOUN
taxlaw-2791	905	13	that	that	PRON
taxlaw-2791	905	14	are	be	AUX
taxlaw-2791	905	15	worthless	worthless	ADJ
taxlaw-2791	905	16	to	to	ADP
taxlaw-2791	905	17	lp	lp	NOUN
taxlaw-2791	905	18	.	.	PUNCT
taxlaw-2791	906	1	in	in	ADP
taxlaw-2791	906	2	addition	addition	NOUN
taxlaw-2791	906	3	,	,	PUNCT
taxlaw-2791	906	4	gp	gp	NOUN
taxlaw-2791	906	5	’s	’s	PART
taxlaw-2791	906	6	share	share	NOUN
taxlaw-2791	906	7	of	of	ADP
taxlaw-2791	906	8	subsequent	subsequent	ADJ
taxlaw-2791	906	9	losses	loss	NOUN
taxlaw-2791	906	10	is	be	AUX
taxlaw-2791	906	11	treated	treat	VERB
taxlaw-2791	906	12	as	as	ADP
taxlaw-2791	906	13	ordinary	ordinary	ADJ
taxlaw-2791	906	14	to	to	ADP
taxlaw-2791	906	15	the	the	DET
taxlaw-2791	906	16	extent	extent	NOUN
taxlaw-2791	906	17	of	of	ADP
taxlaw-2791	906	18	prior	prior	ADJ
taxlaw-2791	906	19	ordinary	ordinary	ADJ
taxlaw-2791	906	20	income	income	NOUN
taxlaw-2791	906	21	taxed	tax	VERB
taxlaw-2791	906	22	to	to	PART
taxlaw-2791	906	23	gp	gp	VERB
taxlaw-2791	906	24	under	under	ADP
taxlaw-2791	906	25	§	§	PROPN
taxlaw-2791	906	26	710	710	NUM
taxlaw-2791	906	27	.	.	PUNCT
taxlaw-2791	907	1	once	once	SCONJ
taxlaw-2791	907	2	the	the	DET
taxlaw-2791	907	3	passthrough	passthrough	NOUN
taxlaw-2791	907	4	of	of	ADP
taxlaw-2791	907	5	losses	loss	NOUN
taxlaw-2791	907	6	is	be	AUX
taxlaw-2791	907	7	taken	take	VERB
taxlaw-2791	907	8	into	into	ADP
taxlaw-2791	907	9	account	account	NOUN
taxlaw-2791	907	10	,	,	PUNCT
taxlaw-2791	907	11	the	the	DET
taxlaw-2791	907	12	parties	party	NOUN
taxlaw-2791	907	13	’	’	PART
taxlaw-2791	907	14	joint	joint	ADJ
taxlaw-2791	907	15	-	-	PUNCT
taxlaw-2791	907	16	tax	tax	NOUN
taxlaw-2791	907	17	burden	burden	NOUN
taxlaw-2791	907	18	may	may	AUX
taxlaw-2791	907	19	be	be	AUX
taxlaw-2791	907	20	significantly	significantly	ADV
taxlaw-2791	907	21	less	less	ADV
taxlaw-2791	907	22	under	under	ADP
taxlaw-2791	907	23	§	§	PROPN
taxlaw-2791	907	24	710	710	NUM
taxlaw-2791	907	25	than	than	SCONJ
taxlaw-2791	907	26	if	if	SCONJ
taxlaw-2791	907	27	gp	gp	NOUN
taxlaw-2791	907	28	held	hold	VERB
taxlaw-2791	907	29	a	a	DET
taxlaw-2791	907	30	european	european	ADJ
taxlaw-2791	907	31	option	option	NOUN
taxlaw-2791	907	32	.	.	PUNCT
taxlaw-2791	908	1	example	example	NOUN
taxlaw-2791	908	2	(	(	PUNCT
taxlaw-2791	908	3	5)—loss	5)—loss	NUM
taxlaw-2791	908	4	passthrough	passthrough	NOUN
taxlaw-2791	908	5	.	.	PUNCT
taxlaw-2791	909	1	the	the	DET
taxlaw-2791	909	2	facts	fact	NOUN
taxlaw-2791	909	3	are	be	AUX
taxlaw-2791	909	4	the	the	DET
taxlaw-2791	909	5	same	same	ADJ
taxlaw-2791	909	6	as	as	ADP
taxlaw-2791	909	7	in	in	ADP
taxlaw-2791	909	8	example	example	NOUN
taxlaw-2791	909	9	(	(	PUNCT
taxlaw-2791	909	10	4	4	NUM
taxlaw-2791	909	11	)	)	PUNCT
taxlaw-2791	909	12	,	,	PUNCT
taxlaw-2791	909	13	except	except	SCONJ
taxlaw-2791	909	14	that	that	SCONJ
taxlaw-2791	909	15	the	the	DET
taxlaw-2791	909	16	operation	operation	NOUN
taxlaw-2791	909	17	of	of	ADP
taxlaw-2791	909	18	p	p	PROPN
taxlaw-2791	909	19	is	be	AUX
taxlaw-2791	909	20	extended	extend	VERB
taxlaw-2791	909	21	to	to	PART
taxlaw-2791	909	22	include	include	VERB
taxlaw-2791	909	23	an	an	DET
taxlaw-2791	909	24	additional	additional	ADJ
taxlaw-2791	909	25	year	year	NOUN
taxlaw-2791	909	26	(	(	PUNCT
taxlaw-2791	909	27	year	year	NOUN
taxlaw-2791	909	28	4	4	NUM
taxlaw-2791	909	29	)	)	PUNCT
taxlaw-2791	909	30	in	in	ADP
taxlaw-2791	909	31	which	which	PRON
taxlaw-2791	909	32	p	p	NOUN
taxlaw-2791	909	33	realizes	realize	VERB
taxlaw-2791	909	34	a	a	DET
taxlaw-2791	909	35	loss	loss	NOUN
taxlaw-2791	909	36	of	of	ADP
taxlaw-2791	909	37	$	$	SYM
taxlaw-2791	909	38	300	300	NUM
taxlaw-2791	909	39	,	,	PUNCT
taxlaw-2791	909	40	allocated	allocate	VERB
taxlaw-2791	909	41	$	$	SYM
taxlaw-2791	909	42	60	60	NUM
taxlaw-2791	909	43	to	to	PART
taxlaw-2791	909	44	gp	gp	VERB
taxlaw-2791	909	45	and	and	CCONJ
taxlaw-2791	909	46	$	$	SYM
taxlaw-2791	909	47	240	240	NUM
taxlaw-2791	909	48	to	to	ADP
taxlaw-2791	909	49	lp	lp	NOUN
taxlaw-2791	909	50	.	.	PUNCT
taxlaw-2791	910	1	overall	overall	ADV
taxlaw-2791	910	2	,	,	PUNCT
taxlaw-2791	910	3	p	p	NOUN
taxlaw-2791	910	4	realizes	realize	VERB
taxlaw-2791	910	5	a	a	DET
taxlaw-2791	910	6	net	net	ADJ
taxlaw-2791	910	7	gain	gain	NOUN
taxlaw-2791	910	8	of	of	ADP
taxlaw-2791	910	9	$	$	SYM
taxlaw-2791	910	10	400	400	NUM
taxlaw-2791	910	11	(	(	PUNCT
taxlaw-2791	910	12	$	$	SYM
taxlaw-2791	910	13	700	700	NUM
taxlaw-2791	910	14	gain	gain	VERB
taxlaw-2791	910	15	less	less	ADJ
taxlaw-2791	910	16	$	$	SYM
taxlaw-2791	910	17	300	300	NUM
taxlaw-2791	910	18	loss	loss	NOUN
taxlaw-2791	910	19	)	)	PUNCT
taxlaw-2791	910	20	.	.	PUNCT
taxlaw-2791	911	1	if	if	SCONJ
taxlaw-2791	911	2	p	p	NOUN
taxlaw-2791	911	3	liquidates	liquidate	VERB
taxlaw-2791	911	4	at	at	ADP
taxlaw-2791	911	5	the	the	DET
taxlaw-2791	911	6	end	end	NOUN
taxlaw-2791	911	7	of	of	ADP
taxlaw-2791	911	8	year	year	NOUN
taxlaw-2791	911	9	4	4	NUM
taxlaw-2791	911	10	,	,	PUNCT
taxlaw-2791	911	11	gp	gp	NOUN
taxlaw-2791	911	12	earns	earn	VERB
taxlaw-2791	911	13	carry	carry	NOUN
taxlaw-2791	911	14	of	of	ADP
taxlaw-2791	911	15	$	$	SYM
taxlaw-2791	911	16	80	80	NUM
taxlaw-2791	911	17	(	(	PUNCT
taxlaw-2791	911	18	20	20	NUM
taxlaw-2791	911	19	%	%	NOUN
taxlaw-2791	911	20	x	x	SYM
taxlaw-2791	911	21	$	$	SYM
taxlaw-2791	911	22	400	400	NUM
taxlaw-2791	911	23	net	net	ADJ
taxlaw-2791	911	24	gain	gain	NOUN
taxlaw-2791	911	25	)	)	PUNCT
taxlaw-2791	911	26	.	.	PUNCT
taxlaw-2791	912	1	gp	gp	NOUN
taxlaw-2791	912	2	’s	’s	PART
taxlaw-2791	912	3	share	share	NOUN
taxlaw-2791	912	4	of	of	ADP
taxlaw-2791	912	5	the	the	DET
taxlaw-2791	912	6	capital	capital	NOUN
taxlaw-2791	912	7	loss	loss	NOUN
taxlaw-2791	912	8	is	be	AUX
taxlaw-2791	912	9	likely	likely	ADV
taxlaw-2791	912	10	treated	treat	VERB
taxlaw-2791	912	11	as	as	ADP
taxlaw-2791	912	12	an	an	DET
taxlaw-2791	912	13	ordinary	ordinary	ADJ
taxlaw-2791	912	14	loss	loss	NOUN
taxlaw-2791	912	15	and	and	CCONJ
taxlaw-2791	912	16	allowed	allow	VERB
taxlaw-2791	912	17	to	to	ADP
taxlaw-2791	912	18	the	the	DET
taxlaw-2791	912	19	extent	extent	NOUN
taxlaw-2791	912	20	that	that	SCONJ
taxlaw-2791	912	21	such	such	ADJ
taxlaw-2791	912	22	loss	loss	NOUN
taxlaw-2791	912	23	does	do	AUX
taxlaw-2791	912	24	not	not	PART
taxlaw-2791	912	25	exceed	exceed	VERB
taxlaw-2791	912	26	the	the	DET
taxlaw-2791	912	27	excess	excess	ADJ
taxlaw-2791	912	28	(	(	PUNCT
taxlaw-2791	912	29	if	if	SCONJ
taxlaw-2791	912	30	any	any	PRON
taxlaw-2791	912	31	)	)	PUNCT
taxlaw-2791	912	32	of	of	ADP
taxlaw-2791	912	33	“	"	PUNCT
taxlaw-2791	912	34	aggregate	aggregate	VERB
taxlaw-2791	912	35	net	net	ADJ
taxlaw-2791	912	36	income	income	NOUN
taxlaw-2791	912	37	with	with	ADP
taxlaw-2791	912	38	respect	respect	NOUN
taxlaw-2791	912	39	to	to	ADP
taxlaw-2791	912	40	”	"	PUNCT
taxlaw-2791	912	41	gp	gp	NOUN
taxlaw-2791	912	42	’s	’s	PART
taxlaw-2791	912	43	service	service	NOUN
taxlaw-2791	912	44	interest	interest	NOUN
taxlaw-2791	912	45	for	for	ADP
taxlaw-2791	912	46	all	all	DET
taxlaw-2791	912	47	prior	prior	ADJ
taxlaw-2791	912	48	years	year	NOUN
taxlaw-2791	912	49	over	over	ADP
taxlaw-2791	912	50	“	"	PUNCT
taxlaw-2791	912	51	the	the	DET
taxlaw-2791	912	52	aggregate	aggregate	ADJ
taxlaw-2791	912	53	net	net	ADJ
taxlaw-2791	912	54	loss	loss	NOUN
taxlaw-2791	912	55	with	with	ADP
taxlaw-2791	912	56	respect	respect	NOUN
taxlaw-2791	912	57	to	to	ADP
taxlaw-2791	912	58	such	such	ADJ
taxlaw-2791	912	59	interest	interest	NOUN
taxlaw-2791	912	60	not	not	PART
taxlaw-2791	912	61	disallowed	disallow	VERB
taxlaw-2791	912	62	[	[	PUNCT
taxlaw-2791	912	63	under	under	ADP
taxlaw-2791	912	64	§	§	PROPN
taxlaw-2791	912	65	710	710	NUM
taxlaw-2791	912	66	]	]	PUNCT
taxlaw-2791	912	67	for	for	ADP
taxlaw-2791	912	68	all	all	DET
taxlaw-2791	912	69	prior	prior	ADJ
taxlaw-2791	912	70	partnership	partnership	NOUN
taxlaw-2791	912	71	taxable	taxable	ADJ
taxlaw-2791	912	72	years	year	NOUN
taxlaw-2791	912	73	.	.	PUNCT
taxlaw-2791	912	74	”150	”150	PROPN
taxlaw-2791	913	1	if	if	SCONJ
taxlaw-2791	913	2	the	the	DET
taxlaw-2791	913	3	capital	capital	NOUN
taxlaw-2791	913	4	loss	loss	NOUN
taxlaw-2791	913	5	of	of	ADP
taxlaw-2791	913	6	$	$	SYM
taxlaw-2791	913	7	60	60	NUM
taxlaw-2791	913	8	is	be	AUX
taxlaw-2791	913	9	treated	treat	VERB
taxlaw-2791	913	10	as	as	ADP
taxlaw-2791	913	11	an	an	DET
taxlaw-2791	913	12	ordinary	ordinary	ADJ
taxlaw-2791	913	13	loss	loss	NOUN
taxlaw-2791	913	14	that	that	PRON
taxlaw-2791	913	15	offsets	offset	VERB
taxlaw-2791	913	16	gp	gp	NOUN
taxlaw-2791	913	17	’s	’s	PART
taxlaw-2791	913	18	ordinary	ordinary	ADJ
taxlaw-2791	913	19	income	income	NOUN
taxlaw-2791	913	20	from	from	ADP
taxlaw-2791	913	21	all	all	DET
taxlaw-2791	913	22	prior	prior	ADJ
taxlaw-2791	913	23	years	year	NOUN
taxlaw-2791	913	24	(	(	PUNCT
taxlaw-2791	913	25	$	$	SYM
taxlaw-2791	913	26	60	60	NUM
taxlaw-2791	913	27	)	)	PUNCT
taxlaw-2791	913	28	,	,	PUNCT
taxlaw-2791	913	29	gp	gp	NOUN
taxlaw-2791	913	30	is	be	AUX
taxlaw-2791	913	31	taxed	tax	VERB
taxlaw-2791	913	32	on	on	ADP
taxlaw-2791	913	33	net	net	ADJ
taxlaw-2791	913	34	capital	capital	NOUN
taxlaw-2791	913	35	gain	gain	NOUN
taxlaw-2791	913	36	of	of	ADP
taxlaw-2791	913	37	$	$	SYM
taxlaw-2791	913	38	80.151	80.151	NUM
taxlaw-2791	913	39	given	give	VERB
taxlaw-2791	913	40	the	the	DET
taxlaw-2791	913	41	lack	lack	NOUN
taxlaw-2791	913	42	of	of	ADP
taxlaw-2791	913	43	any	any	DET
taxlaw-2791	913	44	mechanism	mechanism	NOUN
taxlaw-2791	913	45	for	for	ADP
taxlaw-2791	913	46	separating	separate	VERB
taxlaw-2791	913	47	gp	gp	NOUN
taxlaw-2791	913	48	’s	’s	PART
taxlaw-2791	913	49	149	149	NUM
taxlaw-2791	913	50	.	.	PUNCT
taxlaw-2791	914	1	in	in	ADP
taxlaw-2791	914	2	the	the	DET
taxlaw-2791	914	3	corporate	corporate	ADJ
taxlaw-2791	914	4	context	context	NOUN
taxlaw-2791	914	5	,	,	PUNCT
taxlaw-2791	914	6	a	a	DET
taxlaw-2791	914	7	taxable	taxable	ADJ
taxlaw-2791	914	8	employer	employer	NOUN
taxlaw-2791	914	9	can	can	AUX
taxlaw-2791	914	10	effectively	effectively	ADV
taxlaw-2791	914	11	invest	invest	VERB
taxlaw-2791	914	12	tax	tax	NOUN
taxlaw-2791	914	13	free	free	ADJ
taxlaw-2791	914	14	on	on	ADP
taxlaw-2791	914	15	behalf	behalf	NOUN
taxlaw-2791	914	16	of	of	ADP
taxlaw-2791	914	17	an	an	DET
taxlaw-2791	914	18	employee	employee	NOUN
taxlaw-2791	914	19	by	by	ADP
taxlaw-2791	914	20	investing	invest	VERB
taxlaw-2791	914	21	in	in	ADP
taxlaw-2791	914	22	its	its	PRON
taxlaw-2791	914	23	own	own	ADJ
taxlaw-2791	914	24	securities	security	NOUN
taxlaw-2791	914	25	and	and	CCONJ
taxlaw-2791	914	26	holding	hold	VERB
taxlaw-2791	914	27	the	the	DET
taxlaw-2791	914	28	stock	stock	NOUN
taxlaw-2791	914	29	for	for	ADP
taxlaw-2791	914	30	the	the	DET
taxlaw-2791	914	31	employee	employee	NOUN
taxlaw-2791	914	32	’s	’s	PART
taxlaw-2791	914	33	benefit	benefit	NOUN
taxlaw-2791	914	34	—	—	PUNCT
taxlaw-2791	914	35	rather	rather	ADV
taxlaw-2791	914	36	than	than	ADP
taxlaw-2791	914	37	issuing	issue	VERB
taxlaw-2791	914	38	the	the	DET
taxlaw-2791	914	39	stock	stock	NOUN
taxlaw-2791	914	40	directly	directly	ADV
taxlaw-2791	914	41	to	to	ADP
taxlaw-2791	914	42	the	the	DET
taxlaw-2791	914	43	employee	employee	NOUN
taxlaw-2791	914	44	;	;	PUNCT
taxlaw-2791	914	45	the	the	DET
taxlaw-2791	914	46	employer	employer	NOUN
taxlaw-2791	914	47	’s	’s	PART
taxlaw-2791	914	48	gain	gain	NOUN
taxlaw-2791	914	49	on	on	ADP
taxlaw-2791	914	50	its	its	PRON
taxlaw-2791	914	51	own	own	ADJ
taxlaw-2791	914	52	stock	stock	NOUN
taxlaw-2791	914	53	is	be	AUX
taxlaw-2791	914	54	nontaxable	nontaxable	ADJ
taxlaw-2791	914	55	under	under	ADP
taxlaw-2791	914	56	§	§	PROPN
taxlaw-2791	914	57	1032	1032	NUM
taxlaw-2791	914	58	.	.	PUNCT
taxlaw-2791	915	1	see	see	VERB
taxlaw-2791	915	2	i	i	PRON
taxlaw-2791	915	3	d.	d.	PROPN
taxlaw-2791	915	4	at	at	ADP
taxlaw-2791	915	5	540	540	NUM
taxlaw-2791	915	6	.	.	PUNCT
taxlaw-2791	916	1	150	150	NUM
taxlaw-2791	916	2	.	.	PUNCT
taxlaw-2791	916	3	see	see	VERB
taxlaw-2791	916	4	prop	prop	NOUN
taxlaw-2791	916	5	.	.	PUNCT
taxlaw-2791	917	1	§	§	PROPN
taxlaw-2791	917	2	710(a)(2)(a	710(a)(2)(a	PROPN
taxlaw-2791	917	3	)	)	PUNCT
taxlaw-2791	917	4	.	.	PUNCT
taxlaw-2791	918	1	151	151	NUM
taxlaw-2791	918	2	.	.	PUNCT
taxlaw-2791	919	1	gp	gp	NOUN
taxlaw-2791	919	2	’s	’s	PART
taxlaw-2791	919	3	overall	overall	ADJ
taxlaw-2791	919	4	return	return	NOUN
taxlaw-2791	919	5	is	be	AUX
taxlaw-2791	919	6	as	as	SCONJ
taxlaw-2791	919	7	follows	follow	VERB
taxlaw-2791	919	8	:	:	PUNCT
taxlaw-2791	919	9	y1	y1	NOUN
taxlaw-2791	919	10	yr2	yr2	PROPN
taxlaw-2791	919	11	yr3	yr3	VERB
taxlaw-2791	919	12	yr4	yr4	PROPN
taxlaw-2791	919	13	oi	oi	ADP
taxlaw-2791	919	14	20	20	NUM
taxlaw-2791	919	15	20	20	NUM
taxlaw-2791	919	16	20	20	NUM
taxlaw-2791	919	17	(	(	PUNCT
taxlaw-2791	919	18	60	60	NUM
taxlaw-2791	919	19	)	)	PUNCT
taxlaw-2791	919	20	cg	cg	NOUN
taxlaw-2791	919	21	20	20	NUM
taxlaw-2791	919	22	60	60	NUM
taxlaw-2791	919	23	2010	2010	NUM
taxlaw-2791	919	24	]	]	PUNCT
taxlaw-2791	919	25	the	the	DET
taxlaw-2791	919	26	sou	sou	PROPN
taxlaw-2791	919	27	�	�	PROPN
taxlaw-2791	919	28	d	d	PROPN
taxlaw-2791	919	29	a	a	DET
taxlaw-2791	919	30	�	�	PROPN
taxlaw-2791	919	31	d	d	NOUN
taxlaw-2791	919	32	fury	fury	NOUN
taxlaw-2791	919	33	of	of	ADP
taxlaw-2791	919	34	carried	carry	VERB
taxlaw-2791	919	35	i	i	PRON
taxlaw-2791	919	36	�	�	VERB
taxlaw-2791	919	37	terest	ter	ADJ
taxlaw-2791	919	38	reform	reform	NOUN
taxlaw-2791	919	39	41	41	NUM
taxlaw-2791	919	40	service	service	NOUN
taxlaw-2791	919	41	interest	interest	NOUN
taxlaw-2791	919	42	and	and	CCONJ
taxlaw-2791	919	43	gp	gp	NOUN
taxlaw-2791	919	44	’s	’s	PART
taxlaw-2791	919	45	qualified	qualified	ADJ
taxlaw-2791	919	46	capital	capital	NOUN
taxlaw-2791	919	47	interest	interest	NOUN
taxlaw-2791	919	48	,	,	PUNCT
taxlaw-2791	919	49	it	it	PRON
taxlaw-2791	919	50	seems	seem	VERB
taxlaw-2791	919	51	likely	likely	ADJ
taxlaw-2791	919	52	that	that	SCONJ
taxlaw-2791	919	53	gp	gp	NOUN
taxlaw-2791	919	54	is	be	AUX
taxlaw-2791	919	55	taxed	tax	VERB
taxlaw-2791	919	56	on	on	ADP
taxlaw-2791	919	57	net	net	ADJ
taxlaw-2791	919	58	capital	capital	NOUN
taxlaw-2791	919	59	gain	gain	NOUN
taxlaw-2791	919	60	of	of	ADP
taxlaw-2791	919	61	$	$	SYM
taxlaw-2791	919	62	80	80	NUM
taxlaw-2791	919	63	,	,	PUNCT
taxlaw-2791	919	64	since	since	SCONJ
taxlaw-2791	919	65	(	(	PUNCT
taxlaw-2791	919	66	ordinary	ordinary	ADJ
taxlaw-2791	919	67	)	)	PUNCT
taxlaw-2791	919	68	losses	loss	NOUN
taxlaw-2791	919	69	offset	offset	VERB
taxlaw-2791	919	70	(	(	PUNCT
taxlaw-2791	919	71	ordinary	ordinary	ADJ
taxlaw-2791	919	72	)	)	PUNCT
taxlaw-2791	919	73	income.152	income.152	NOUN
taxlaw-2791	919	74	by	by	ADP
taxlaw-2791	919	75	contrast	contrast	NOUN
taxlaw-2791	919	76	,	,	PUNCT
taxlaw-2791	919	77	if	if	SCONJ
taxlaw-2791	919	78	gp	gp	NOUN
taxlaw-2791	919	79	held	hold	VERB
taxlaw-2791	919	80	a	a	DET
taxlaw-2791	919	81	european	european	ADJ
taxlaw-2791	919	82	option	option	NOUN
taxlaw-2791	919	83	,	,	PUNCT
taxlaw-2791	919	84	gp	gp	NOUN
taxlaw-2791	919	85	would	would	AUX
taxlaw-2791	919	86	recognize	recognize	VERB
taxlaw-2791	919	87	$	$	SYM
taxlaw-2791	919	88	80	80	NUM
taxlaw-2791	919	89	of	of	ADP
taxlaw-2791	919	90	ordinary	ordinary	ADJ
taxlaw-2791	919	91	income	income	NOUN
taxlaw-2791	919	92	(	(	PUNCT
taxlaw-2791	919	93	20	20	NUM
taxlaw-2791	919	94	%	%	NOUN
taxlaw-2791	919	95	of	of	ADP
taxlaw-2791	919	96	$	$	SYM
taxlaw-2791	919	97	400	400	NUM
taxlaw-2791	919	98	net	net	ADJ
taxlaw-2791	919	99	increase	increase	NOUN
taxlaw-2791	919	100	in	in	ADP
taxlaw-2791	919	101	p	p	X
taxlaw-2791	919	102	’s	’s	NOUN
taxlaw-2791	919	103	value	value	NOUN
taxlaw-2791	919	104	)	)	PUNCT
taxlaw-2791	919	105	at	at	ADP
taxlaw-2791	919	106	the	the	DET
taxlaw-2791	919	107	end	end	NOUN
taxlaw-2791	919	108	of	of	ADP
taxlaw-2791	919	109	year	year	NOUN
taxlaw-2791	919	110	4	4	NUM
taxlaw-2791	919	111	.	.	PUNCT
taxlaw-2791	920	1	since	since	SCONJ
taxlaw-2791	920	2	gp	gp	NOUN
taxlaw-2791	920	3	performs	perform	VERB
taxlaw-2791	920	4	the	the	DET
taxlaw-2791	920	5	identical	identical	ADJ
taxlaw-2791	920	6	services	service	NOUN
taxlaw-2791	920	7	,	,	PUNCT
taxlaw-2791	920	8	gp	gp	NOUN
taxlaw-2791	920	9	should	should	AUX
taxlaw-2791	920	10	be	be	AUX
taxlaw-2791	920	11	taxed	tax	VERB
taxlaw-2791	920	12	equivalently	equivalently	ADV
taxlaw-2791	920	13	in	in	ADP
taxlaw-2791	920	14	both	both	DET
taxlaw-2791	920	15	situations	situation	NOUN
taxlaw-2791	920	16	;	;	PUNCT
taxlaw-2791	920	17	otherwise	otherwise	ADV
taxlaw-2791	920	18	,	,	PUNCT
taxlaw-2791	920	19	lp	lp	NOUN
taxlaw-2791	920	20	and	and	CCONJ
taxlaw-2791	920	21	gp	gp	NOUN
taxlaw-2791	920	22	derive	derive	VERB
taxlaw-2791	920	23	a	a	DET
taxlaw-2791	920	24	joint	joint	ADJ
taxlaw-2791	920	25	-	-	PUNCT
taxlaw-2791	920	26	tax	tax	NOUN
taxlaw-2791	920	27	benefit	benefit	NOUN
taxlaw-2791	920	28	from	from	ADP
taxlaw-2791	920	29	structuring	structure	VERB
taxlaw-2791	920	30	the	the	DET
taxlaw-2791	920	31	transaction	transaction	NOUN
taxlaw-2791	920	32	formally	formally	ADV
taxlaw-2791	920	33	as	as	ADP
taxlaw-2791	920	34	a	a	DET
taxlaw-2791	920	35	profits	profit	NOUN
taxlaw-2791	920	36	interest	interest	NOUN
taxlaw-2791	920	37	rather	rather	ADV
taxlaw-2791	920	38	than	than	ADP
taxlaw-2791	920	39	a	a	DET
taxlaw-2791	920	40	european	european	ADJ
taxlaw-2791	920	41	option	option	NOUN
taxlaw-2791	920	42	.	.	PUNCT
taxlaw-2791	921	1	if	if	SCONJ
taxlaw-2791	921	2	p	p	NOUN
taxlaw-2791	921	3	is	be	AUX
taxlaw-2791	921	4	sufficiently	sufficiently	ADV
taxlaw-2791	921	5	profitable	profitable	ADJ
taxlaw-2791	921	6	on	on	ADP
taxlaw-2791	921	7	a	a	DET
taxlaw-2791	921	8	net	net	ADJ
taxlaw-2791	921	9	basis	basis	NOUN
taxlaw-2791	921	10	,	,	PUNCT
taxlaw-2791	921	11	gp	gp	NOUN
taxlaw-2791	921	12	will	will	AUX
taxlaw-2791	921	13	eventually	eventually	ADV
taxlaw-2791	921	14	receive	receive	VERB
taxlaw-2791	921	15	compensation	compensation	NOUN
taxlaw-2791	921	16	measured	measure	VERB
taxlaw-2791	921	17	by	by	ADP
taxlaw-2791	921	18	the	the	DET
taxlaw-2791	921	19	amount	amount	NOUN
taxlaw-2791	921	20	of	of	ADP
taxlaw-2791	921	21	p	p	X
taxlaw-2791	921	22	’s	’s	PART
taxlaw-2791	921	23	total	total	ADJ
taxlaw-2791	921	24	profits	profit	NOUN
taxlaw-2791	921	25	(	(	PUNCT
taxlaw-2791	921	26	not	not	PART
taxlaw-2791	921	27	a	a	DET
taxlaw-2791	921	28	reduced	reduced	ADJ
taxlaw-2791	921	29	percentage	percentage	NOUN
taxlaw-2791	921	30	of	of	ADP
taxlaw-2791	921	31	p	p	X
taxlaw-2791	921	32	’s	’s	PART
taxlaw-2791	921	33	profits	profit	NOUN
taxlaw-2791	921	34	augmented	augment	VERB
taxlaw-2791	921	35	by	by	ADP
taxlaw-2791	921	36	an	an	DET
taxlaw-2791	921	37	imputed	impute	VERB
taxlaw-2791	921	38	investment	investment	NOUN
taxlaw-2791	921	39	return	return	NOUN
taxlaw-2791	921	40	on	on	ADP
taxlaw-2791	921	41	gp	gp	NOUN
taxlaw-2791	921	42	’s	’s	PART
taxlaw-2791	921	43	reinvested	reinveste	VERB
taxlaw-2791	921	44	salary	salary	NOUN
taxlaw-2791	921	45	)	)	PUNCT
taxlaw-2791	921	46	.	.	PUNCT
taxlaw-2791	922	1	despite	despite	SCONJ
taxlaw-2791	922	2	the	the	DET
taxlaw-2791	922	3	carefullycontrived	carefullycontrive	VERB
taxlaw-2791	922	4	optics	optic	NOUN
taxlaw-2791	922	5	,	,	PUNCT
taxlaw-2791	922	6	the	the	DET
taxlaw-2791	922	7	capital	capital	NOUN
taxlaw-2791	922	8	credited	credit	VERB
taxlaw-2791	922	9	to	to	ADP
taxlaw-2791	922	10	gp	gp	NOUN
taxlaw-2791	922	11	can	can	AUX
taxlaw-2791	922	12	be	be	AUX
taxlaw-2791	922	13	viewed	view	VERB
taxlaw-2791	922	14	as	as	ADP
taxlaw-2791	922	15	remaining	remain	VERB
taxlaw-2791	922	16	lp	lp	NOUN
taxlaw-2791	922	17	’s	’s	PART
taxlaw-2791	922	18	capital	capital	NOUN
taxlaw-2791	922	19	on	on	ADP
taxlaw-2791	922	20	which	which	PRON
taxlaw-2791	922	21	lp	lp	NOUN
taxlaw-2791	922	22	is	be	AUX
taxlaw-2791	922	23	entitled	entitle	VERB
taxlaw-2791	922	24	to	to	ADP
taxlaw-2791	922	25	an	an	DET
taxlaw-2791	922	26	investment	investment	NOUN
taxlaw-2791	922	27	return	return	NOUN
taxlaw-2791	922	28	.	.	PUNCT
taxlaw-2791	923	1	if	if	SCONJ
taxlaw-2791	923	2	the	the	DET
taxlaw-2791	923	3	transaction	transaction	NOUN
taxlaw-2791	923	4	were	be	AUX
taxlaw-2791	923	5	held	hold	VERB
taxlaw-2791	923	6	open	open	ADJ
taxlaw-2791	923	7	,	,	PUNCT
taxlaw-2791	923	8	gp	gp	NOUN
taxlaw-2791	923	9	’s	’s	PART
taxlaw-2791	923	10	entire	entire	ADJ
taxlaw-2791	923	11	share	share	NOUN
taxlaw-2791	923	12	of	of	ADP
taxlaw-2791	923	13	profits	profit	NOUN
taxlaw-2791	923	14	would	would	AUX
taxlaw-2791	923	15	be	be	AUX
taxlaw-2791	923	16	taxed	tax	VERB
taxlaw-2791	923	17	as	as	ADP
taxlaw-2791	923	18	ordinary	ordinary	ADJ
taxlaw-2791	923	19	income	income	NOUN
taxlaw-2791	923	20	(	(	PUNCT
taxlaw-2791	923	21	not	not	PART
taxlaw-2791	923	22	as	as	ADP
taxlaw-2791	923	23	a	a	DET
taxlaw-2791	923	24	mix	mix	NOUN
taxlaw-2791	923	25	of	of	ADP
taxlaw-2791	923	26	ordinary	ordinary	ADJ
taxlaw-2791	923	27	income	income	NOUN
taxlaw-2791	923	28	and	and	CCONJ
taxlaw-2791	923	29	capital	capital	NOUN
taxlaw-2791	923	30	gain).153	gain).153	NOUN
taxlaw-2791	923	31	even	even	ADV
taxlaw-2791	923	32	if	if	SCONJ
taxlaw-2791	923	33	some	some	DET
taxlaw-2791	923	34	portion	portion	NOUN
taxlaw-2791	923	35	of	of	ADP
taxlaw-2791	923	36	gp	gp	NOUN
taxlaw-2791	923	37	’s	’s	PART
taxlaw-2791	923	38	return	return	NOUN
taxlaw-2791	923	39	is	be	AUX
taxlaw-2791	923	40	from	from	ADP
taxlaw-2791	923	41	earned	earn	VERB
taxlaw-2791	923	42	capital	capital	NOUN
taxlaw-2791	923	43	,	,	PUNCT
taxlaw-2791	923	44	the	the	DET
taxlaw-2791	923	45	“	"	PUNCT
taxlaw-2791	923	46	best	good	ADJ
taxlaw-2791	923	47	compromise	compromise	NOUN
taxlaw-2791	923	48	”	"	PUNCT
taxlaw-2791	923	49	may	may	AUX
taxlaw-2791	923	50	be	be	AUX
taxlaw-2791	923	51	to	to	PART
taxlaw-2791	923	52	treat	treat	VERB
taxlaw-2791	923	53	gp	gp	NOUN
taxlaw-2791	923	54	’s	’s	PART
taxlaw-2791	923	55	entire	entire	ADJ
taxlaw-2791	923	56	profits	profit	NOUN
taxlaw-2791	923	57	interest	interest	NOUN
taxlaw-2791	923	58	as	as	ADP
taxlaw-2791	923	59	ordinary	ordinary	ADJ
taxlaw-2791	923	60	income.154	income.154	NOUN
taxlaw-2791	923	61	alternatively	alternatively	ADV
taxlaw-2791	923	62	,	,	PUNCT
taxlaw-2791	923	63	if	if	SCONJ
taxlaw-2791	923	64	gp	gp	NOUN
taxlaw-2791	923	65	were	be	AUX
taxlaw-2791	923	66	willing	willing	ADJ
taxlaw-2791	923	67	to	to	PART
taxlaw-2791	923	68	forego	forego	VERB
taxlaw-2791	923	69	current	current	ADJ
taxlaw-2791	923	70	allocation	allocation	NOUN
taxlaw-2791	923	71	of	of	ADP
taxlaw-2791	923	72	losses	loss	NOUN
taxlaw-2791	923	73	,	,	PUNCT
taxlaw-2791	923	74	gp	gp	NOUN
taxlaw-2791	923	75	’s	’s	PART
taxlaw-2791	923	76	profits	profit	NOUN
taxlaw-2791	923	77	share	share	NOUN
taxlaw-2791	923	78	could	could	AUX
taxlaw-2791	923	79	be	be	AUX
taxlaw-2791	923	80	structured	structure	VERB
taxlaw-2791	923	81	as	as	ADP
taxlaw-2791	923	82	a	a	DET
taxlaw-2791	923	83	european	european	ADJ
taxlaw-2791	923	84	option	option	NOUN
taxlaw-2791	923	85	(	(	PUNCT
taxlaw-2791	923	86	or	or	CCONJ
taxlaw-2791	923	87	vesting	vest	VERB
taxlaw-2791	923	88	capital	capital	NOUN
taxlaw-2791	923	89	interest	interest	NOUN
taxlaw-2791	923	90	)	)	PUNCT
taxlaw-2791	923	91	.	.	PUNCT
taxlaw-2791	924	1	c.	c.	NOUN
taxlaw-2791	924	2	shortcomings	shortcoming	NOUN
taxlaw-2791	924	3	of	of	ADP
taxlaw-2791	924	4	capital	capital	NOUN
taxlaw-2791	924	5	accounts	account	NOUN
taxlaw-2791	924	6	when	when	SCONJ
taxlaw-2791	924	7	previously	previously	ADV
taxlaw-2791	924	8	taxed	tax	VERB
taxlaw-2791	924	9	implicit	implicit	ADJ
taxlaw-2791	924	10	salary	salary	NOUN
taxlaw-2791	924	11	is	be	AUX
taxlaw-2791	924	12	reinvested	reinveste	VERB
taxlaw-2791	924	13	in	in	ADP
taxlaw-2791	924	14	the	the	DET
taxlaw-2791	924	15	partnership	partnership	NOUN
taxlaw-2791	924	16	,	,	PUNCT
taxlaw-2791	924	17	a	a	DET
taxlaw-2791	924	18	mechanism	mechanism	NOUN
taxlaw-2791	924	19	is	be	AUX
taxlaw-2791	924	20	needed	need	VERB
taxlaw-2791	924	21	to	to	PART
taxlaw-2791	924	22	track	track	VERB
taxlaw-2791	924	23	the	the	DET
taxlaw-2791	924	24	separate	separate	ADJ
taxlaw-2791	924	25	labor	labor	NOUN
taxlaw-2791	924	26	and	and	CCONJ
taxlaw-2791	924	27	capital	capital	NOUN
taxlaw-2791	924	28	components	component	NOUN
taxlaw-2791	924	29	of	of	ADP
taxlaw-2791	924	30	the	the	DET
taxlaw-2791	924	31	service	service	NOUN
taxlaw-2791	924	32	provider	provider	NOUN
taxlaw-2791	924	33	’s	’s	PART
taxlaw-2791	924	34	future	future	ADJ
taxlaw-2791	924	35	return	return	NOUN
taxlaw-2791	924	36	.	.	PUNCT
taxlaw-2791	925	1	some	some	DET
taxlaw-2791	925	2	reformers	reformer	NOUN
taxlaw-2791	925	3	have	have	AUX
taxlaw-2791	925	4	suggested	suggest	VERB
taxlaw-2791	925	5	that	that	SCONJ
taxlaw-2791	925	6	the	the	DET
taxlaw-2791	925	7	capital	capital	NOUN
taxlaw-2791	925	8	account	account	NOUN
taxlaw-2791	925	9	system	system	NOUN
taxlaw-2791	925	10	would	would	AUX
taxlaw-2791	925	11	permit	permit	VERB
taxlaw-2791	925	12	tracking	tracking	NOUN
taxlaw-2791	925	13	of	of	ADP
taxlaw-2791	925	14	a	a	DET
taxlaw-2791	925	15	service	service	NOUN
taxlaw-2791	925	16	partner	partner	NOUN
taxlaw-2791	925	17	’s	’s	PART
taxlaw-2791	925	18	compensatory	compensatory	ADJ
taxlaw-2791	925	19	and	and	CCONJ
taxlaw-2791	925	20	investment	investment	NOUN
taxlaw-2791	925	21	return	return	NOUN
taxlaw-2791	925	22	over	over	ADP
taxlaw-2791	925	23	the	the	DET
taxlaw-2791	925	24	life	life	NOUN
taxlaw-2791	925	25	of	of	ADP
taxlaw-2791	925	26	the	the	DET
taxlaw-2791	925	27	152	152	NUM
taxlaw-2791	925	28	.	.	PUNCT
taxlaw-2791	926	1	if	if	SCONJ
taxlaw-2791	926	2	the	the	DET
taxlaw-2791	926	3	loss	loss	NOUN
taxlaw-2791	926	4	of	of	ADP
taxlaw-2791	926	5	$	$	SYM
taxlaw-2791	926	6	60	60	NUM
taxlaw-2791	926	7	is	be	AUX
taxlaw-2791	926	8	instead	instead	ADV
taxlaw-2791	926	9	treated	treat	VERB
taxlaw-2791	926	10	as	as	ADP
taxlaw-2791	926	11	incurred	incur	VERB
taxlaw-2791	926	12	“	"	PUNCT
taxlaw-2791	926	13	with	with	ADP
taxlaw-2791	926	14	respect	respect	NOUN
taxlaw-2791	926	15	to	to	ADP
taxlaw-2791	926	16	”	"	PUNCT
taxlaw-2791	926	17	gp	gp	NOUN
taxlaw-2791	926	18	’s	’s	PART
taxlaw-2791	926	19	qualified	qualified	ADJ
taxlaw-2791	926	20	capital	capital	NOUN
taxlaw-2791	926	21	interest	interest	NOUN
taxlaw-2791	926	22	,	,	PUNCT
taxlaw-2791	926	23	it	it	PRON
taxlaw-2791	926	24	would	would	AUX
taxlaw-2791	926	25	offset	offset	VERB
taxlaw-2791	926	26	an	an	DET
taxlaw-2791	926	27	equivalent	equivalent	ADJ
taxlaw-2791	926	28	amount	amount	NOUN
taxlaw-2791	926	29	of	of	ADP
taxlaw-2791	926	30	capital	capital	NOUN
taxlaw-2791	926	31	gain	gain	NOUN
taxlaw-2791	926	32	(	(	PUNCT
taxlaw-2791	926	33	rather	rather	ADV
taxlaw-2791	926	34	than	than	ADP
taxlaw-2791	926	35	$	$	SYM
taxlaw-2791	926	36	60	60	NUM
taxlaw-2791	926	37	of	of	ADP
taxlaw-2791	926	38	ordinary	ordinary	ADJ
taxlaw-2791	926	39	income	income	NOUN
taxlaw-2791	926	40	)	)	PUNCT
taxlaw-2791	926	41	,	,	PUNCT
taxlaw-2791	926	42	leaving	leave	VERB
taxlaw-2791	926	43	gp	gp	NOUN
taxlaw-2791	926	44	with	with	ADP
taxlaw-2791	926	45	ordinary	ordinary	ADJ
taxlaw-2791	926	46	income	income	NOUN
taxlaw-2791	926	47	of	of	ADP
taxlaw-2791	926	48	$	$	SYM
taxlaw-2791	926	49	60	60	NUM
taxlaw-2791	926	50	and	and	CCONJ
taxlaw-2791	926	51	capital	capital	NOUN
taxlaw-2791	926	52	gain	gain	NOUN
taxlaw-2791	926	53	of	of	ADP
taxlaw-2791	926	54	$	$	SYM
taxlaw-2791	926	55	20	20	NUM
taxlaw-2791	926	56	overall	overall	NOUN
taxlaw-2791	926	57	.	.	PUNCT
taxlaw-2791	927	1	cf	cf	NOUN
taxlaw-2791	927	2	.	.	PUNCT
taxlaw-2791	928	1	scharfstein	scharfstein	PROPN
taxlaw-2791	928	2	,	,	PUNCT
taxlaw-2791	928	3	supra	supra	PROPN
taxlaw-2791	928	4	note	note	PROPN
taxlaw-2791	928	5	136	136	NUM
taxlaw-2791	928	6	,	,	PUNCT
taxlaw-2791	928	7	at	at	ADP
taxlaw-2791	928	8	154	154	NUM
taxlaw-2791	928	9	(	(	PUNCT
taxlaw-2791	928	10	suggesting	suggest	VERB
taxlaw-2791	928	11	that	that	PRON
taxlaw-2791	928	12	gp	gp	NOUN
taxlaw-2791	928	13	should	should	AUX
taxlaw-2791	928	14	lose	lose	VERB
taxlaw-2791	928	15	the	the	DET
taxlaw-2791	928	16	ability	ability	NOUN
taxlaw-2791	928	17	to	to	PART
taxlaw-2791	928	18	claim	claim	VERB
taxlaw-2791	928	19	an	an	DET
taxlaw-2791	928	20	ordinary	ordinary	ADJ
taxlaw-2791	928	21	loss	loss	NOUN
taxlaw-2791	928	22	if	if	SCONJ
taxlaw-2791	928	23	gp	gp	NOUN
taxlaw-2791	928	24	’s	’s	PART
taxlaw-2791	928	25	retained	retain	VERB
taxlaw-2791	928	26	earnings	earning	NOUN
taxlaw-2791	928	27	are	be	AUX
taxlaw-2791	928	28	treated	treat	VERB
taxlaw-2791	928	29	as	as	ADP
taxlaw-2791	928	30	invested	invest	VERB
taxlaw-2791	928	31	capital	capital	NOUN
taxlaw-2791	928	32	)	)	PUNCT
taxlaw-2791	928	33	.	.	PUNCT
taxlaw-2791	929	1	153	153	NUM
taxlaw-2791	929	2	.	.	PUNCT
taxlaw-2791	929	3	gp	gp	NOUN
taxlaw-2791	929	4	would	would	AUX
taxlaw-2791	929	5	be	be	AUX
taxlaw-2791	929	6	treated	treat	VERB
taxlaw-2791	929	7	essentially	essentially	ADV
taxlaw-2791	929	8	as	as	ADP
taxlaw-2791	929	9	annually	annually	ADV
taxlaw-2791	929	10	exercising	exercise	VERB
taxlaw-2791	929	11	a	a	DET
taxlaw-2791	929	12	stock	stock	NOUN
taxlaw-2791	929	13	appreciation	appreciation	NOUN
taxlaw-2791	929	14	right	right	NOUN
taxlaw-2791	929	15	(	(	PUNCT
taxlaw-2791	929	16	sar	sar	PROPN
taxlaw-2791	929	17	)	)	PUNCT
taxlaw-2791	929	18	as	as	SCONJ
taxlaw-2791	929	19	profits	profit	NOUN
taxlaw-2791	929	20	are	be	AUX
taxlaw-2791	929	21	allocated	allocate	VERB
taxlaw-2791	929	22	.	.	PUNCT
taxlaw-2791	930	1	see	see	VERB
taxlaw-2791	930	2	senate	senate	PROPN
taxlaw-2791	930	3	hearings	hearing	NOUN
taxlaw-2791	930	4	,	,	PUNCT
taxlaw-2791	930	5	supra	supra	PROPN
taxlaw-2791	930	6	note	note	NOUN
taxlaw-2791	930	7	1	1	NUM
taxlaw-2791	930	8	(	(	PUNCT
taxlaw-2791	930	9	statement	statement	NOUN
taxlaw-2791	930	10	of	of	ADP
taxlaw-2791	930	11	charles	charles	PROPN
taxlaw-2791	930	12	i.	i.	PROPN
taxlaw-2791	930	13	kingson	kingson	PROPN
taxlaw-2791	930	14	,	,	PUNCT
taxlaw-2791	930	15	july	july	PROPN
taxlaw-2791	930	16	31	31	NUM
taxlaw-2791	930	17	,	,	PUNCT
taxlaw-2791	930	18	2007	2007	NUM
taxlaw-2791	930	19	)	)	PUNCT
taxlaw-2791	930	20	(	(	PUNCT
taxlaw-2791	930	21	analogizing	analogize	VERB
taxlaw-2791	930	22	profits	profit	NOUN
taxlaw-2791	930	23	interest	interest	NOUN
taxlaw-2791	930	24	to	to	ADP
taxlaw-2791	930	25	a	a	DET
taxlaw-2791	930	26	series	series	NOUN
taxlaw-2791	930	27	of	of	ADP
taxlaw-2791	930	28	sars	sar	NOUN
taxlaw-2791	930	29	)	)	PUNCT
taxlaw-2791	930	30	.	.	PUNCT
taxlaw-2791	931	1	154	154	NUM
taxlaw-2791	931	2	.	.	PUNCT
taxlaw-2791	932	1	see	see	VERB
taxlaw-2791	932	2	weisbach	weisbach	NOUN
taxlaw-2791	932	3	,	,	PUNCT
taxlaw-2791	932	4	supra	supra	PROPN
taxlaw-2791	932	5	note	note	NOUN
taxlaw-2791	932	6	14	14	NUM
taxlaw-2791	932	7	,	,	PUNCT
taxlaw-2791	932	8	at	at	ADP
taxlaw-2791	932	9	755	755	NUM
taxlaw-2791	932	10	n.91	n.91	NOUN
taxlaw-2791	932	11	(	(	PUNCT
taxlaw-2791	932	12	noting	note	VERB
taxlaw-2791	932	13	that	that	SCONJ
taxlaw-2791	932	14	,	,	PUNCT
taxlaw-2791	932	15	even	even	ADV
taxlaw-2791	932	16	if	if	SCONJ
taxlaw-2791	932	17	a	a	DET
taxlaw-2791	932	18	portion	portion	NOUN
taxlaw-2791	932	19	of	of	ADP
taxlaw-2791	932	20	gp	gp	NOUN
taxlaw-2791	932	21	’s	’s	PART
taxlaw-2791	932	22	return	return	NOUN
taxlaw-2791	932	23	“	"	PUNCT
taxlaw-2791	932	24	is	be	AUX
taxlaw-2791	932	25	capital	capital	NOUN
taxlaw-2791	932	26	income	income	NOUN
taxlaw-2791	932	27	in	in	ADP
taxlaw-2791	932	28	the	the	DET
taxlaw-2791	932	29	sense	sense	NOUN
taxlaw-2791	932	30	that	that	SCONJ
taxlaw-2791	932	31	it	it	PRON
taxlaw-2791	932	32	represents	represent	VERB
taxlaw-2791	932	33	returns	return	NOUN
taxlaw-2791	932	34	that	that	PRON
taxlaw-2791	932	35	are	be	AUX
taxlaw-2791	932	36	left	leave	VERB
taxlaw-2791	932	37	in	in	ADP
taxlaw-2791	932	38	the	the	DET
taxlaw-2791	932	39	business	business	NOUN
taxlaw-2791	932	40	rather	rather	ADV
taxlaw-2791	932	41	than	than	ADP
taxlaw-2791	932	42	taken	take	VERB
taxlaw-2791	932	43	out	out	ADP
taxlaw-2791	932	44	each	each	DET
taxlaw-2791	932	45	year	year	NOUN
taxlaw-2791	932	46	as	as	ADP
taxlaw-2791	932	47	salary	salary	NOUN
taxlaw-2791	932	48	,	,	PUNCT
taxlaw-2791	932	49	”	"	PUNCT
taxlaw-2791	932	50	the	the	DET
taxlaw-2791	932	51	“	"	PUNCT
taxlaw-2791	932	52	best	good	ADJ
taxlaw-2791	932	53	compromise	compromise	NOUN
taxlaw-2791	932	54	[	[	X
taxlaw-2791	932	55	may	may	AUX
taxlaw-2791	932	56	be	be	AUX
taxlaw-2791	932	57	]	]	PUNCT
taxlaw-2791	932	58	to	to	PART
taxlaw-2791	932	59	treat	treat	VERB
taxlaw-2791	932	60	it	it	PRON
taxlaw-2791	932	61	all	all	PRON
taxlaw-2791	932	62	as	as	ADP
taxlaw-2791	932	63	labor	labor	NOUN
taxlaw-2791	932	64	income	income	NOUN
taxlaw-2791	932	65	exactly	exactly	ADV
taxlaw-2791	932	66	as	as	SCONJ
taxlaw-2791	932	67	we	we	PRON
taxlaw-2791	932	68	do	do	VERB
taxlaw-2791	932	69	in	in	ADP
taxlaw-2791	932	70	the	the	DET
taxlaw-2791	932	71	case	case	NOUN
taxlaw-2791	932	72	of	of	ADP
taxlaw-2791	932	73	restricted	restrict	VERB
taxlaw-2791	932	74	stock	stock	NOUN
taxlaw-2791	932	75	or	or	CCONJ
taxlaw-2791	932	76	nonqualified	nonqualified	ADJ
taxlaw-2791	932	77	options	option	NOUN
taxlaw-2791	932	78	”	"	PUNCT
taxlaw-2791	932	79	)	)	PUNCT
taxlaw-2791	932	80	.	.	PUNCT
taxlaw-2791	933	1	42	42	NUM
taxlaw-2791	933	2	columbia	columbia	PROPN
taxlaw-2791	933	3	jour	jour	PROPN
taxlaw-2791	933	4	�	�	PROPN
taxlaw-2791	933	5	al	al	PROPN
taxlaw-2791	933	6	of	of	ADP
taxlaw-2791	933	7	tax	tax	NOUN
taxlaw-2791	933	8	law	law	NOUN
taxlaw-2791	933	9	[	[	X
taxlaw-2791	933	10	vol	vol	NOUN
taxlaw-2791	933	11	.	.	PUNCT
taxlaw-2791	933	12	1:1	1:1	NUM
taxlaw-2791	934	1	partnership.155	partnership.155	NOUN
taxlaw-2791	934	2	the	the	DET
taxlaw-2791	934	3	obvious	obvious	ADJ
taxlaw-2791	934	4	difficulty	difficulty	NOUN
taxlaw-2791	934	5	,	,	PUNCT
taxlaw-2791	934	6	however	however	ADV
taxlaw-2791	934	7	,	,	PUNCT
taxlaw-2791	934	8	is	be	AUX
taxlaw-2791	934	9	that	that	SCONJ
taxlaw-2791	934	10	the	the	DET
taxlaw-2791	934	11	elaborate	elaborate	ADJ
taxlaw-2791	934	12	capital	capital	NOUN
taxlaw-2791	934	13	account	account	NOUN
taxlaw-2791	934	14	system	system	NOUN
taxlaw-2791	934	15	was	be	AUX
taxlaw-2791	934	16	never	never	ADV
taxlaw-2791	934	17	intended	intend	VERB
taxlaw-2791	934	18	to	to	PART
taxlaw-2791	934	19	serve	serve	VERB
taxlaw-2791	934	20	this	this	DET
taxlaw-2791	934	21	function	function	NOUN
taxlaw-2791	934	22	.	.	PUNCT
taxlaw-2791	935	1	instead	instead	ADV
taxlaw-2791	935	2	,	,	PUNCT
taxlaw-2791	935	3	it	it	PRON
taxlaw-2791	935	4	is	be	AUX
taxlaw-2791	935	5	intended	intend	VERB
taxlaw-2791	935	6	merely	merely	ADV
taxlaw-2791	935	7	to	to	ADP
taxlaw-2791	935	8	police	police	NOUN
taxlaw-2791	935	9	allocations	allocation	NOUN
taxlaw-2791	935	10	among	among	ADP
taxlaw-2791	935	11	partners	partner	NOUN
taxlaw-2791	935	12	that	that	PRON
taxlaw-2791	935	13	seek	seek	VERB
taxlaw-2791	935	14	to	to	PART
taxlaw-2791	935	15	minimize	minimize	VERB
taxlaw-2791	935	16	joint	joint	ADJ
taxlaw-2791	935	17	taxes	taxis	NOUN
taxlaw-2791	935	18	.	.	PUNCT
taxlaw-2791	936	1	since	since	SCONJ
taxlaw-2791	936	2	partnerships	partnership	NOUN
taxlaw-2791	936	3	are	be	AUX
taxlaw-2791	936	4	not	not	PART
taxlaw-2791	936	5	required	require	VERB
taxlaw-2791	936	6	to	to	PART
taxlaw-2791	936	7	maintain	maintain	VERB
taxlaw-2791	936	8	capital	capital	NOUN
taxlaw-2791	936	9	accounts	account	NOUN
taxlaw-2791	936	10	in	in	ADP
taxlaw-2791	936	11	accordance	accordance	NOUN
taxlaw-2791	936	12	with	with	ADP
taxlaw-2791	936	13	the	the	DET
taxlaw-2791	936	14	elaborate	elaborate	ADJ
taxlaw-2791	936	15	rules	rule	NOUN
taxlaw-2791	936	16	of	of	ADP
taxlaw-2791	936	17	§	§	PROPN
taxlaw-2791	936	18	704(b	704(b	PROPN
taxlaw-2791	936	19	)	)	PUNCT
taxlaw-2791	936	20	,	,	PUNCT
taxlaw-2791	936	21	many	many	ADJ
taxlaw-2791	936	22	(	(	PUNCT
taxlaw-2791	936	23	perhaps	perhaps	ADV
taxlaw-2791	936	24	most	most	ADJ
taxlaw-2791	936	25	)	)	PUNCT
taxlaw-2791	936	26	do	do	VERB
taxlaw-2791	936	27	not	not	PART
taxlaw-2791	936	28	.	.	PUNCT
taxlaw-2791	937	1	the	the	DET
taxlaw-2791	937	2	“	"	PUNCT
taxlaw-2791	937	3	intellectual	intellectual	ADJ
taxlaw-2791	937	4	revolution	revolution	NOUN
taxlaw-2791	937	5	”	"	PUNCT
taxlaw-2791	937	6	built	build	VERB
taxlaw-2791	937	7	around	around	ADP
taxlaw-2791	937	8	capital	capital	NOUN
taxlaw-2791	937	9	-	-	PUNCT
taxlaw-2791	937	10	account	account	NOUN
taxlaw-2791	937	11	analysis	analysis	NOUN
taxlaw-2791	937	12	remains	remain	VERB
taxlaw-2791	937	13	highly	highly	ADV
taxlaw-2791	937	14	imperfect	imperfect	ADJ
taxlaw-2791	937	15	and	and	CCONJ
taxlaw-2791	937	16	it	it	PRON
taxlaw-2791	937	17	would	would	AUX
taxlaw-2791	937	18	require	require	VERB
taxlaw-2791	937	19	a	a	DET
taxlaw-2791	937	20	tremendous	tremendous	ADJ
taxlaw-2791	937	21	infusion	infusion	NOUN
taxlaw-2791	937	22	of	of	ADP
taxlaw-2791	937	23	government	government	NOUN
taxlaw-2791	937	24	resources	resource	NOUN
taxlaw-2791	937	25	to	to	PART
taxlaw-2791	937	26	ensure	ensure	VERB
taxlaw-2791	937	27	even	even	ADV
taxlaw-2791	937	28	minimally	minimally	ADV
taxlaw-2791	937	29	adequate	adequate	ADJ
taxlaw-2791	937	30	compliance.156	compliance.156	NOUN
taxlaw-2791	937	31	as	as	SCONJ
taxlaw-2791	937	32	the	the	DET
taxlaw-2791	937	33	experience	experience	NOUN
taxlaw-2791	937	34	with	with	ADP
taxlaw-2791	937	35	the	the	DET
taxlaw-2791	937	36	§	§	PROPN
taxlaw-2791	937	37	704(b	704(b	PROPN
taxlaw-2791	937	38	)	)	PUNCT
taxlaw-2791	937	39	regulations	regulation	NOUN
taxlaw-2791	937	40	amply	amply	ADV
taxlaw-2791	937	41	demonstrates	demonstrate	VERB
taxlaw-2791	937	42	,	,	PUNCT
taxlaw-2791	937	43	the	the	DET
taxlaw-2791	937	44	ability	ability	NOUN
taxlaw-2791	937	45	of	of	ADP
taxlaw-2791	937	46	sophisticated	sophisticated	ADJ
taxlaw-2791	937	47	planners	planner	NOUN
taxlaw-2791	937	48	to	to	PART
taxlaw-2791	937	49	abuse	abuse	VERB
taxlaw-2791	937	50	even	even	ADV
taxlaw-2791	937	51	wellcrafted	wellcrafte	VERB
taxlaw-2791	937	52	rules	rule	NOUN
taxlaw-2791	937	53	should	should	AUX
taxlaw-2791	937	54	not	not	PART
taxlaw-2791	937	55	be	be	AUX
taxlaw-2791	937	56	underestimated	underestimate	VERB
taxlaw-2791	937	57	.	.	PUNCT
taxlaw-2791	938	1	the	the	DET
taxlaw-2791	938	2	capital	capital	NOUN
taxlaw-2791	938	3	account	account	NOUN
taxlaw-2791	938	4	rules	rule	NOUN
taxlaw-2791	938	5	are	be	AUX
taxlaw-2791	938	6	not	not	PART
taxlaw-2791	938	7	designed	design	VERB
taxlaw-2791	938	8	to	to	PART
taxlaw-2791	938	9	police	police	NOUN
taxlaw-2791	938	10	valuation	valuation	NOUN
taxlaw-2791	938	11	abuses	abuse	NOUN
taxlaw-2791	938	12	that	that	SCONJ
taxlaw-2791	938	13	§	§	PROPN
taxlaw-2791	938	14	710	710	NUM
taxlaw-2791	938	15	would	would	AUX
taxlaw-2791	938	16	invite.157	invite.157	VERB
taxlaw-2791	938	17	jointly	jointly	ADV
taxlaw-2791	938	18	,	,	PUNCT
taxlaw-2791	938	19	lp	lp	NOUN
taxlaw-2791	938	20	and	and	CCONJ
taxlaw-2791	938	21	gp	gp	NOUN
taxlaw-2791	938	22	will	will	AUX
taxlaw-2791	938	23	often	often	ADV
taxlaw-2791	938	24	have	have	VERB
taxlaw-2791	938	25	a	a	DET
taxlaw-2791	938	26	common	common	ADJ
taxlaw-2791	938	27	incentive	incentive	NOUN
taxlaw-2791	938	28	to	to	PART
taxlaw-2791	938	29	overstate	overstate	VERB
taxlaw-2791	938	30	the	the	DET
taxlaw-2791	938	31	capital	capital	NOUN
taxlaw-2791	938	32	component	component	NOUN
taxlaw-2791	938	33	(	(	PUNCT
taxlaw-2791	938	34	and	and	CCONJ
taxlaw-2791	938	35	understate	understate	VERB
taxlaw-2791	938	36	the	the	DET
taxlaw-2791	938	37	compensation	compensation	NOUN
taxlaw-2791	938	38	component	component	NOUN
taxlaw-2791	938	39	)	)	PUNCT
taxlaw-2791	938	40	of	of	ADP
taxlaw-2791	938	41	gp	gp	NOUN
taxlaw-2791	938	42	’s	’s	PART
taxlaw-2791	938	43	return	return	NOUN
taxlaw-2791	938	44	.	.	PUNCT
taxlaw-2791	939	1	it	it	PRON
taxlaw-2791	939	2	is	be	AUX
taxlaw-2791	939	3	well	well	ADV
taxlaw-2791	939	4	understood	understand	VERB
taxlaw-2791	939	5	,	,	PUNCT
taxlaw-2791	939	6	under	under	ADP
taxlaw-2791	939	7	current	current	ADJ
taxlaw-2791	939	8	law	law	NOUN
taxlaw-2791	939	9	,	,	PUNCT
taxlaw-2791	939	10	that	that	SCONJ
taxlaw-2791	939	11	“	"	PUNCT
taxlaw-2791	939	12	[	[	X
taxlaw-2791	939	13	a]sset	a]sset	PROPN
taxlaw-2791	939	14	valuation	valuation	NOUN
taxlaw-2791	939	15	is	be	AUX
taxlaw-2791	939	16	the	the	DET
taxlaw-2791	939	17	achilles	achille	NOUN
taxlaw-2791	939	18	heel	heel	NOUN
taxlaw-2791	939	19	of	of	ADP
taxlaw-2791	939	20	the	the	DET
taxlaw-2791	939	21	system	system	NOUN
taxlaw-2791	939	22	of	of	ADP
taxlaw-2791	939	23	capital	capital	NOUN
taxlaw-2791	939	24	accounts	account	VERB
taxlaw-2791	939	25	analysis	analysis	NOUN
taxlaw-2791	939	26	.	.	PUNCT
taxlaw-2791	940	1	”158	”158	NOUN
taxlaw-2791	940	2	without	without	ADP
taxlaw-2791	940	3	adversity	adversity	NOUN
taxlaw-2791	940	4	of	of	ADP
taxlaw-2791	940	5	interests	interest	NOUN
taxlaw-2791	940	6	,	,	PUNCT
taxlaw-2791	940	7	it	it	PRON
taxlaw-2791	940	8	is	be	AUX
taxlaw-2791	940	9	impossible	impossible	ADJ
taxlaw-2791	940	10	to	to	PART
taxlaw-2791	940	11	police	police	VERB
taxlaw-2791	940	12	self	self	NOUN
taxlaw-2791	940	13	-	-	PUNCT
taxlaw-2791	940	14	serving	serve	VERB
taxlaw-2791	940	15	valuations	valuation	NOUN
taxlaw-2791	940	16	intended	intend	VERB
taxlaw-2791	940	17	to	to	PART
taxlaw-2791	940	18	understate	understate	VERB
taxlaw-2791	940	19	or	or	CCONJ
taxlaw-2791	940	20	overstate	overstate	VERB
taxlaw-2791	940	21	asset	asset	NOUN
taxlaw-2791	940	22	values	value	NOUN
taxlaw-2791	940	23	.	.	PUNCT
taxlaw-2791	941	1	the	the	DET
taxlaw-2791	941	2	partnership	partnership	NOUN
taxlaw-2791	941	3	tax	tax	NOUN
taxlaw-2791	941	4	bar	bar	NOUN
taxlaw-2791	941	5	has	have	AUX
taxlaw-2791	941	6	suggested	suggest	VERB
taxlaw-2791	941	7	that	that	SCONJ
taxlaw-2791	941	8	future	future	ADJ
taxlaw-2791	941	9	regulations	regulation	NOUN
taxlaw-2791	941	10	should	should	AUX
taxlaw-2791	941	11	permit	permit	VERB
taxlaw-2791	941	12	bookups	bookup	NOUN
taxlaw-2791	941	13	(	(	PUNCT
taxlaw-2791	941	14	or	or	CCONJ
taxlaw-2791	941	15	bookdowns	bookdown	NOUN
taxlaw-2791	941	16	)	)	PUNCT
taxlaw-2791	941	17	of	of	ADP
taxlaw-2791	941	18	invested	invest	VERB
taxlaw-2791	941	19	capital	capital	NOUN
taxlaw-2791	941	20	,	,	PUNCT
taxlaw-2791	941	21	expanding	expand	VERB
taxlaw-2791	941	22	opportunities	opportunity	NOUN
taxlaw-2791	941	23	for	for	ADP
taxlaw-2791	941	24	misvaluation	misvaluation	NOUN
taxlaw-2791	941	25	;	;	PUNCT
taxlaw-2791	941	26	requiring	require	VERB
taxlaw-2791	941	27	mandatory	mandatory	ADJ
taxlaw-2791	941	28	gain	gain	NOUN
taxlaw-2791	941	29	recognition	recognition	NOUN
taxlaw-2791	941	30	on	on	ADP
taxlaw-2791	941	31	a	a	DET
taxlaw-2791	941	32	revaluation	revaluation	NOUN
taxlaw-2791	941	33	to	to	ADP
taxlaw-2791	941	34	“	"	PUNCT
taxlaw-2791	941	35	temper	temper	VERB
taxlaw-2791	941	36	the	the	DET
taxlaw-2791	941	37	incentive	incentive	NOUN
taxlaw-2791	941	38	to	to	PART
taxlaw-2791	941	39	revalue	revalue	VERB
taxlaw-2791	941	40	”	"	PUNCT
taxlaw-2791	941	41	does	do	AUX
taxlaw-2791	941	42	not	not	PART
taxlaw-2791	941	43	seem	seem	VERB
taxlaw-2791	941	44	a	a	DET
taxlaw-2791	941	45	practicable	practicable	ADJ
taxlaw-2791	941	46	response	response	NOUN
taxlaw-2791	941	47	to	to	ADP
taxlaw-2791	941	48	this	this	DET
taxlaw-2791	941	49	problem.159	problem.159	NOUN
taxlaw-2791	941	50	in	in	ADP
taxlaw-2791	941	51	assessing	assess	VERB
taxlaw-2791	941	52	the	the	DET
taxlaw-2791	941	53	merits	merit	NOUN
taxlaw-2791	941	54	of	of	ADP
taxlaw-2791	941	55	the	the	DET
taxlaw-2791	941	56	§	§	ADJ
taxlaw-2791	941	57	710	710	NUM
taxlaw-2791	941	58	approach	approach	NOUN
taxlaw-2791	941	59	,	,	PUNCT
taxlaw-2791	941	60	one	one	PRON
taxlaw-2791	941	61	should	should	AUX
taxlaw-2791	941	62	focus	focus	VERB
taxlaw-2791	941	63	on	on	ADP
taxlaw-2791	941	64	the	the	DET
taxlaw-2791	941	65	existing	exist	VERB
taxlaw-2791	941	66	passthrough	passthrough	NOUN
taxlaw-2791	941	67	system	system	NOUN
taxlaw-2791	941	68	,	,	PUNCT
taxlaw-2791	941	69	which	which	PRON
taxlaw-2791	941	70	bears	bear	VERB
taxlaw-2791	941	71	little	little	ADJ
taxlaw-2791	941	72	resemblance	resemblance	NOUN
taxlaw-2791	941	73	to	to	ADP
taxlaw-2791	941	74	the	the	DET
taxlaw-2791	941	75	ideal	ideal	ADJ
taxlaw-2791	941	76	155	155	NUM
taxlaw-2791	941	77	.	.	PUNCT
taxlaw-2791	942	1	see	see	VERB
taxlaw-2791	942	2	senate	senate	PROPN
taxlaw-2791	942	3	hearings	hearing	NOUN
taxlaw-2791	942	4	,	,	PUNCT
taxlaw-2791	942	5	supra	supra	PROPN
taxlaw-2791	942	6	note	note	NOUN
taxlaw-2791	942	7	1	1	NUM
taxlaw-2791	942	8	(	(	PUNCT
taxlaw-2791	942	9	statement	statement	NOUN
taxlaw-2791	942	10	of	of	ADP
taxlaw-2791	942	11	mark	mark	PROPN
taxlaw-2791	942	12	p.	p.	PROPN
taxlaw-2791	942	13	gergen	gergen	PROPN
taxlaw-2791	942	14	,	,	PUNCT
taxlaw-2791	942	15	july	july	PROPN
taxlaw-2791	942	16	11	11	NUM
taxlaw-2791	942	17	,	,	PUNCT
taxlaw-2791	942	18	2007	2007	NUM
taxlaw-2791	942	19	)	)	PUNCT
taxlaw-2791	942	20	.	.	PUNCT
taxlaw-2791	943	1	156	156	NUM
taxlaw-2791	943	2	.	.	PUNCT
taxlaw-2791	944	1	see	see	VERB
taxlaw-2791	944	2	lawrence	lawrence	PROPN
taxlaw-2791	944	3	lokken	lokken	PROPN
taxlaw-2791	944	4	,	,	PUNCT
taxlaw-2791	944	5	as	as	SCONJ
taxlaw-2791	944	6	the	the	DET
taxlaw-2791	944	7	world	world	NOUN
taxlaw-2791	944	8	of	of	ADP
taxlaw-2791	944	9	partnership	partnership	NOUN
taxlaw-2791	944	10	taxation	taxation	NOUN
taxlaw-2791	944	11	turns	turn	VERB
taxlaw-2791	944	12	,	,	PUNCT
taxlaw-2791	944	13	56	56	NUM
taxlaw-2791	944	14	smu	smu	PROPN
taxlaw-2791	944	15	l.	l.	PROPN
taxlaw-2791	944	16	rev	rev	PROPN
taxlaw-2791	944	17	.	.	PROPN
taxlaw-2791	944	18	365	365	NUM
taxlaw-2791	944	19	,	,	PUNCT
taxlaw-2791	944	20	369	369	NUM
taxlaw-2791	944	21	(	(	PUNCT
taxlaw-2791	944	22	2003	2003	NUM
taxlaw-2791	944	23	)	)	PUNCT
taxlaw-2791	944	24	(	(	PUNCT
taxlaw-2791	944	25	suggesting	suggest	VERB
taxlaw-2791	944	26	that	that	SCONJ
taxlaw-2791	944	27	the	the	DET
taxlaw-2791	944	28	“	"	PUNCT
taxlaw-2791	944	29	intellectual	intellectual	ADJ
taxlaw-2791	944	30	revolution	revolution	NOUN
taxlaw-2791	944	31	[	[	X
taxlaw-2791	944	32	in	in	ADP
taxlaw-2791	944	33	capital	capital	NOUN
taxlaw-2791	944	34	account	account	NOUN
taxlaw-2791	944	35	analysis	analysis	NOUN
taxlaw-2791	944	36	]	]	PUNCT
taxlaw-2791	944	37	will	will	AUX
taxlaw-2791	944	38	not	not	PART
taxlaw-2791	944	39	become	become	VERB
taxlaw-2791	944	40	a	a	DET
taxlaw-2791	944	41	revolution	revolution	NOUN
taxlaw-2791	944	42	in	in	ADP
taxlaw-2791	944	43	the	the	DET
taxlaw-2791	944	44	practical	practical	ADJ
taxlaw-2791	944	45	reality	reality	NOUN
taxlaw-2791	944	46	of	of	ADP
taxlaw-2791	944	47	partnership	partnership	NOUN
taxlaw-2791	944	48	taxation	taxation	NOUN
taxlaw-2791	944	49	”	"	PUNCT
taxlaw-2791	944	50	)	)	PUNCT
taxlaw-2791	944	51	;	;	PUNCT
taxlaw-2791	945	1	cf	cf	X
taxlaw-2791	945	2	.	.	PUNCT
taxlaw-2791	946	1	mark	mark	PROPN
taxlaw-2791	946	2	p.	p.	PROPN
taxlaw-2791	946	3	gergen	gergen	PROPN
taxlaw-2791	946	4	,	,	PUNCT
taxlaw-2791	946	5	the	the	DET
taxlaw-2791	946	6	end	end	NOUN
taxlaw-2791	946	7	of	of	ADP
taxlaw-2791	946	8	the	the	DET
taxlaw-2791	946	9	revolution	revolution	NOUN
taxlaw-2791	946	10	in	in	ADP
taxlaw-2791	946	11	partnership	partnership	NOUN
taxlaw-2791	946	12	tax	tax	NOUN
taxlaw-2791	946	13	?	?	PUNCT
taxlaw-2791	946	14	,	,	PUNCT
taxlaw-2791	946	15	56	56	NUM
taxlaw-2791	946	16	smu	smu	PROPN
taxlaw-2791	946	17	l.	l.	PROPN
taxlaw-2791	946	18	rev	rev	PROPN
taxlaw-2791	946	19	.	.	PROPN
taxlaw-2791	947	1	343	343	NUM
taxlaw-2791	947	2	(	(	PUNCT
taxlaw-2791	947	3	2003	2003	NUM
taxlaw-2791	947	4	)	)	PUNCT
taxlaw-2791	947	5	.	.	PUNCT
taxlaw-2791	948	1	157	157	NUM
taxlaw-2791	948	2	.	.	PUNCT
taxlaw-2791	949	1	to	to	PART
taxlaw-2791	949	2	address	address	VERB
taxlaw-2791	949	3	the	the	DET
taxlaw-2791	949	4	problem	problem	NOUN
taxlaw-2791	949	5	of	of	ADP
taxlaw-2791	949	6	special	special	ADJ
taxlaw-2791	949	7	allocations	allocation	NOUN
taxlaw-2791	949	8	,	,	PUNCT
taxlaw-2791	949	9	a	a	DET
taxlaw-2791	949	10	recent	recent	ADJ
taxlaw-2791	949	11	ali	ali	PROPN
taxlaw-2791	949	12	project	project	NOUN
taxlaw-2791	949	13	considered	consider	VERB
taxlaw-2791	949	14	but	but	CCONJ
taxlaw-2791	949	15	rejected	reject	VERB
taxlaw-2791	949	16	the	the	DET
taxlaw-2791	949	17	notion	notion	NOUN
taxlaw-2791	949	18	of	of	ADP
taxlaw-2791	949	19	reforming	reform	VERB
taxlaw-2791	949	20	capital	capital	NOUN
taxlaw-2791	949	21	accounts	account	NOUN
taxlaw-2791	949	22	to	to	PART
taxlaw-2791	949	23	take	take	VERB
taxlaw-2791	949	24	into	into	ADP
taxlaw-2791	949	25	account	account	NOUN
taxlaw-2791	949	26	time	time	NOUN
taxlaw-2791	949	27	value	value	NOUN
taxlaw-2791	949	28	of	of	ADP
taxlaw-2791	949	29	money	money	NOUN
taxlaw-2791	949	30	concerns	concern	NOUN
taxlaw-2791	949	31	and	and	CCONJ
taxlaw-2791	949	32	proper	proper	ADJ
taxlaw-2791	949	33	adjustments	adjustment	NOUN
taxlaw-2791	949	34	for	for	ADP
taxlaw-2791	949	35	risk	risk	NOUN
taxlaw-2791	949	36	.	.	PUNCT
taxlaw-2791	950	1	see	see	VERB
taxlaw-2791	950	2	generally	generally	ADV
taxlaw-2791	950	3	george	george	PROPN
taxlaw-2791	950	4	k.	k.	PROPN
taxlaw-2791	950	5	yin	yin	PROPN
taxlaw-2791	950	6	&	&	CCONJ
taxlaw-2791	950	7	david	david	PROPN
taxlaw-2791	950	8	j.	j.	PROPN
taxlaw-2791	950	9	shakow	shakow	PROPN
taxlaw-2791	950	10	,	,	PUNCT
taxlaw-2791	950	11	american	american	PROPN
taxlaw-2791	950	12	law	law	PROPN
taxlaw-2791	950	13	institute	institute	PROPN
taxlaw-2791	950	14	,	,	PUNCT
taxlaw-2791	950	15	federal	federal	ADJ
taxlaw-2791	950	16	income	income	NOUN
taxlaw-2791	950	17	taxation	taxation	NOUN
taxlaw-2791	950	18	project	project	NOUN
taxlaw-2791	950	19	,	,	PUNCT
taxlaw-2791	950	20	taxation	taxation	NOUN
taxlaw-2791	950	21	of	of	ADP
taxlaw-2791	950	22	private	private	ADJ
taxlaw-2791	950	23	business	business	NOUN
taxlaw-2791	950	24	enterprises	enterprise	NOUN
taxlaw-2791	950	25	:	:	PUNCT
taxlaw-2791	950	26	reporters	reporter	NOUN
taxlaw-2791	950	27	’	'	PUNCT
taxlaw-2791	950	28	study	study	NOUN
taxlaw-2791	950	29	(	(	PUNCT
taxlaw-2791	950	30	1999	1999	NUM
taxlaw-2791	950	31	)	)	PUNCT
taxlaw-2791	950	32	.	.	PUNCT
taxlaw-2791	951	1	158	158	X
taxlaw-2791	951	2	.	.	PUNCT
taxlaw-2791	952	1	gergen	gergen	PROPN
taxlaw-2791	952	2	,	,	PUNCT
taxlaw-2791	952	3	supra	supra	PROPN
taxlaw-2791	952	4	note	note	PROPN
taxlaw-2791	952	5	156	156	NUM
taxlaw-2791	952	6	,	,	PUNCT
taxlaw-2791	952	7	at	at	ADP
taxlaw-2791	952	8	362	362	NUM
taxlaw-2791	952	9	.	.	PUNCT
taxlaw-2791	953	1	by	by	ADP
taxlaw-2791	953	2	rendering	render	VERB
taxlaw-2791	953	3	subchapter	subchapter	NOUN
taxlaw-2791	953	4	k	k	PROPN
taxlaw-2791	953	5	even	even	ADV
taxlaw-2791	953	6	more	more	ADV
taxlaw-2791	953	7	complex	complex	ADJ
taxlaw-2791	953	8	and	and	CCONJ
taxlaw-2791	953	9	opaque	opaque	ADJ
taxlaw-2791	953	10	,	,	PUNCT
taxlaw-2791	953	11	prop	prop	NOUN
taxlaw-2791	953	12	.	.	PUNCT
taxlaw-2791	954	1	§	§	PROPN
taxlaw-2791	954	2	710	710	NUM
taxlaw-2791	954	3	may	may	AUX
taxlaw-2791	954	4	undermine	undermine	VERB
taxlaw-2791	954	5	the	the	DET
taxlaw-2791	954	6	prospects	prospect	NOUN
taxlaw-2791	954	7	of	of	ADP
taxlaw-2791	954	8	more	more	ADJ
taxlaw-2791	954	9	thoroughgoing	thoroughgoing	ADJ
taxlaw-2791	954	10	reform	reform	NOUN
taxlaw-2791	954	11	while	while	SCONJ
taxlaw-2791	954	12	exacerbating	exacerbate	VERB
taxlaw-2791	954	13	the	the	DET
taxlaw-2791	954	14	need	need	NOUN
taxlaw-2791	954	15	for	for	ADP
taxlaw-2791	954	16	such	such	ADJ
taxlaw-2791	954	17	reform	reform	NOUN
taxlaw-2791	954	18	.	.	PUNCT
taxlaw-2791	955	1	159	159	NUM
taxlaw-2791	955	2	.	.	PUNCT
taxlaw-2791	955	3	gergen	gergen	PROPN
taxlaw-2791	955	4	,	,	PUNCT
taxlaw-2791	955	5	supra	supra	PROPN
taxlaw-2791	955	6	note	note	NOUN
taxlaw-2791	955	7	12	12	NUM
taxlaw-2791	955	8	,	,	PUNCT
taxlaw-2791	955	9	at	at	ADP
taxlaw-2791	955	10	146	146	NUM
taxlaw-2791	955	11	(	(	PUNCT
taxlaw-2791	955	12	suggesting	suggest	VERB
taxlaw-2791	955	13	immediate	immediate	ADJ
taxlaw-2791	955	14	gain	gain	NOUN
taxlaw-2791	955	15	recognition	recognition	NOUN
taxlaw-2791	955	16	on	on	ADP
taxlaw-2791	955	17	a	a	DET
taxlaw-2791	955	18	revaluation	revaluation	NOUN
taxlaw-2791	955	19	as	as	ADP
taxlaw-2791	955	20	a	a	DET
taxlaw-2791	955	21	“	"	PUNCT
taxlaw-2791	955	22	simple	simple	ADJ
taxlaw-2791	955	23	way	way	NOUN
taxlaw-2791	955	24	to	to	PART
taxlaw-2791	955	25	temper	temper	VERB
taxlaw-2791	955	26	the	the	DET
taxlaw-2791	955	27	incentive	incentive	NOUN
taxlaw-2791	955	28	to	to	PART
taxlaw-2791	955	29	revalue	revalue	VERB
taxlaw-2791	955	30	”	"	PUNCT
taxlaw-2791	955	31	)	)	PUNCT
taxlaw-2791	955	32	;	;	PUNCT
taxlaw-2791	956	1	cf	cf	X
taxlaw-2791	956	2	.	.	PUNCT
taxlaw-2791	957	1	nysba	nysba	PROPN
taxlaw-2791	957	2	report	report	PROPN
taxlaw-2791	957	3	,	,	PUNCT
taxlaw-2791	957	4	supra	supra	PROPN
taxlaw-2791	957	5	note	note	PROPN
taxlaw-2791	957	6	11	11	NUM
taxlaw-2791	957	7	,	,	PUNCT
taxlaw-2791	957	8	at	at	ADP
taxlaw-2791	957	9	5	5	NUM
taxlaw-2791	957	10	(	(	PUNCT
taxlaw-2791	957	11	inviting	invite	VERB
taxlaw-2791	957	12	future	future	ADJ
taxlaw-2791	957	13	regulatory	regulatory	ADJ
taxlaw-2791	957	14	guidance	guidance	NOUN
taxlaw-2791	957	15	concerning	concern	VERB
taxlaw-2791	957	16	“	"	PUNCT
taxlaw-2791	957	17	adjustment[s	adjustment[s	PROPN
taxlaw-2791	957	18	]	]	PUNCT
taxlaw-2791	957	19	to	to	ADP
taxlaw-2791	957	20	existing	exist	VERB
taxlaw-2791	957	21	invested	invest	VERB
taxlaw-2791	957	22	capital	capital	NOUN
taxlaw-2791	957	23	to	to	PART
taxlaw-2791	957	24	reflect	reflect	VERB
taxlaw-2791	957	25	any	any	DET
taxlaw-2791	957	26	unrealized	unrealized	ADJ
taxlaw-2791	957	27	gain	gain	NOUN
taxlaw-2791	957	28	or	or	CCONJ
taxlaw-2791	957	29	loss	loss	NOUN
taxlaw-2791	957	30	related	relate	VERB
taxlaw-2791	957	31	to	to	ADP
taxlaw-2791	957	32	such	such	ADJ
taxlaw-2791	957	33	invested	invest	VERB
taxlaw-2791	957	34	capital	capital	NOUN
taxlaw-2791	957	35	”	"	PUNCT
taxlaw-2791	957	36	on	on	ADP
taxlaw-2791	957	37	a	a	DET
taxlaw-2791	957	38	subsequent	subsequent	ADJ
taxlaw-2791	957	39	contribution	contribution	NOUN
taxlaw-2791	957	40	or	or	CCONJ
taxlaw-2791	957	41	distribution	distribution	NOUN
taxlaw-2791	957	42	)	)	PUNCT
taxlaw-2791	957	43	.	.	PUNCT
taxlaw-2791	958	1	the	the	DET
taxlaw-2791	958	2	current	current	ADJ
taxlaw-2791	958	3	rules	rule	NOUN
taxlaw-2791	958	4	explicitly	explicitly	ADV
taxlaw-2791	958	5	permit	permit	VERB
taxlaw-2791	958	6	a	a	DET
taxlaw-2791	958	7	revaluation	revaluation	NOUN
taxlaw-2791	958	8	of	of	ADP
taxlaw-2791	958	9	partnership	partnership	NOUN
taxlaw-2791	958	10	property	property	NOUN
taxlaw-2791	958	11	only	only	ADV
taxlaw-2791	958	12	when	when	SCONJ
taxlaw-2791	958	13	the	the	DET
taxlaw-2791	958	14	parties	party	NOUN
taxlaw-2791	958	15	can	can	AUX
taxlaw-2791	958	16	realistically	realistically	ADV
taxlaw-2791	958	17	be	be	AUX
taxlaw-2791	958	18	expected	expect	VERB
taxlaw-2791	958	19	to	to	PART
taxlaw-2791	958	20	have	have	VERB
taxlaw-2791	958	21	“	"	PUNCT
taxlaw-2791	958	22	sufficiently	sufficiently	ADV
taxlaw-2791	958	23	adverse	adverse	ADJ
taxlaw-2791	958	24	interests	interest	NOUN
taxlaw-2791	958	25	.	.	PUNCT
taxlaw-2791	958	26	”	"	PUNCT
taxlaw-2791	959	1	see	see	VERB
taxlaw-2791	959	2	treas	treas	PROPN
taxlaw-2791	959	3	.	.	PUNCT
taxlaw-2791	960	1	reg	reg	PROPN
taxlaw-2791	960	2	.	.	PUNCT
taxlaw-2791	961	1	§	§	PROPN
taxlaw-2791	961	2	1.704	1.704	NUM
taxlaw-2791	961	3	-	-	NUM
taxlaw-2791	961	4	1(b)(2)(iv)(h	1(b)(2)(iv)(h	NUM
taxlaw-2791	961	5	)	)	PUNCT
taxlaw-2791	961	6	(	(	PUNCT
taxlaw-2791	961	7	as	as	SCONJ
taxlaw-2791	961	8	amended	amend	VERB
taxlaw-2791	961	9	in	in	ADP
taxlaw-2791	961	10	2008	2008	NUM
taxlaw-2791	961	11	)	)	PUNCT
taxlaw-2791	961	12	.	.	PUNCT
taxlaw-2791	962	1	2010	2010	NUM
taxlaw-2791	962	2	]	]	PUNCT
taxlaw-2791	962	3	the	the	DET
taxlaw-2791	962	4	sou	sou	PROPN
taxlaw-2791	962	5	�	�	PROPN
taxlaw-2791	962	6	d	d	PROPN
taxlaw-2791	962	7	a	a	DET
taxlaw-2791	962	8	�	�	PROPN
taxlaw-2791	962	9	d	d	NOUN
taxlaw-2791	962	10	fury	fury	NOUN
taxlaw-2791	962	11	of	of	ADP
taxlaw-2791	962	12	carried	carry	VERB
taxlaw-2791	962	13	i	i	PRON
taxlaw-2791	962	14	�	�	VERB
taxlaw-2791	962	15	terest	ter	ADJ
taxlaw-2791	962	16	reform	reform	NOUN
taxlaw-2791	962	17	43	43	NUM
taxlaw-2791	962	18	envisioned	envision	VERB
taxlaw-2791	962	19	by	by	ADP
taxlaw-2791	962	20	some	some	DET
taxlaw-2791	962	21	reformers	reformer	NOUN
taxlaw-2791	962	22	.	.	PUNCT
taxlaw-2791	963	1	within	within	ADP
taxlaw-2791	963	2	the	the	DET
taxlaw-2791	963	3	current	current	ADJ
taxlaw-2791	963	4	system	system	NOUN
taxlaw-2791	963	5	of	of	ADP
taxlaw-2791	963	6	flexible	flexible	ADJ
taxlaw-2791	963	7	allocations	allocation	NOUN
taxlaw-2791	963	8	backstopped	backstoppe	VERB
taxlaw-2791	963	9	by	by	ADP
taxlaw-2791	963	10	an	an	DET
taxlaw-2791	963	11	array	array	NOUN
taxlaw-2791	963	12	of	of	ADP
taxlaw-2791	963	13	anti	anti	ADJ
taxlaw-2791	963	14	-	-	ADJ
taxlaw-2791	963	15	abuse	abuse	ADJ
taxlaw-2791	963	16	rules	rule	NOUN
taxlaw-2791	963	17	,	,	PUNCT
taxlaw-2791	963	18	imputing	impute	VERB
taxlaw-2791	963	19	a	a	DET
taxlaw-2791	963	20	reasonable	reasonable	ADJ
taxlaw-2791	963	21	return	return	NOUN
taxlaw-2791	963	22	on	on	ADP
taxlaw-2791	963	23	reinvested	reinveste	VERB
taxlaw-2791	963	24	salary	salary	NOUN
taxlaw-2791	963	25	based	base	VERB
taxlaw-2791	963	26	on	on	ADP
taxlaw-2791	963	27	capital	capital	NOUN
taxlaw-2791	963	28	account	account	NOUN
taxlaw-2791	963	29	balances	balance	NOUN
taxlaw-2791	963	30	may	may	AUX
taxlaw-2791	963	31	merely	merely	ADV
taxlaw-2791	963	32	mask	mask	VERB
taxlaw-2791	963	33	the	the	DET
taxlaw-2791	963	34	fundamentally	fundamentally	ADV
taxlaw-2791	963	35	insoluble	insoluble	ADJ
taxlaw-2791	963	36	problem	problem	NOUN
taxlaw-2791	963	37	of	of	ADP
taxlaw-2791	963	38	separating	separate	VERB
taxlaw-2791	963	39	returns	return	NOUN
taxlaw-2791	963	40	to	to	ADP
taxlaw-2791	963	41	labor	labor	NOUN
taxlaw-2791	963	42	and	and	CCONJ
taxlaw-2791	963	43	investment.160	investment.160	VERB
taxlaw-2791	963	44	without	without	ADP
taxlaw-2791	963	45	a	a	DET
taxlaw-2791	963	46	baseline	baseline	NOUN
taxlaw-2791	963	47	of	of	ADP
taxlaw-2791	963	48	proportionate	proportionate	ADJ
taxlaw-2791	963	49	allocations	allocation	NOUN
taxlaw-2791	963	50	,	,	PUNCT
taxlaw-2791	963	51	it	it	PRON
taxlaw-2791	963	52	is	be	AUX
taxlaw-2791	963	53	impossible	impossible	ADJ
taxlaw-2791	963	54	to	to	PART
taxlaw-2791	963	55	tell	tell	VERB
taxlaw-2791	963	56	whether	whether	SCONJ
taxlaw-2791	963	57	an	an	DET
taxlaw-2791	963	58	allocation	allocation	NOUN
taxlaw-2791	963	59	is	be	AUX
taxlaw-2791	963	60	disproportionate.161	disproportionate.161	ADJ
taxlaw-2791	963	61	special	special	ADJ
taxlaw-2791	963	62	allocations	allocation	NOUN
taxlaw-2791	963	63	are	be	AUX
taxlaw-2791	963	64	permitted	permit	VERB
taxlaw-2791	963	65	based	base	VERB
taxlaw-2791	963	66	on	on	ADP
taxlaw-2791	963	67	the	the	DET
taxlaw-2791	963	68	notion	notion	NOUN
taxlaw-2791	963	69	that	that	SCONJ
taxlaw-2791	963	70	partners	partner	NOUN
taxlaw-2791	963	71	should	should	AUX
taxlaw-2791	963	72	be	be	AUX
taxlaw-2791	963	73	free	free	ADJ
taxlaw-2791	963	74	to	to	PART
taxlaw-2791	963	75	allocate	allocate	VERB
taxlaw-2791	963	76	items	item	NOUN
taxlaw-2791	963	77	among	among	ADP
taxlaw-2791	963	78	themselves	themselves	PRON
taxlaw-2791	963	79	in	in	ADP
taxlaw-2791	963	80	a	a	DET
taxlaw-2791	963	81	manner	manner	NOUN
taxlaw-2791	963	82	that	that	PRON
taxlaw-2791	963	83	matches	match	VERB
taxlaw-2791	963	84	the	the	DET
taxlaw-2791	963	85	flexibility	flexibility	NOUN
taxlaw-2791	963	86	of	of	ADP
taxlaw-2791	963	87	their	their	PRON
taxlaw-2791	963	88	business	business	NOUN
taxlaw-2791	963	89	arrangement	arrangement	NOUN
taxlaw-2791	963	90	.	.	PUNCT
taxlaw-2791	964	1	the	the	DET
taxlaw-2791	964	2	underlying	underlying	ADJ
taxlaw-2791	964	3	presumption	presumption	NOUN
taxlaw-2791	964	4	is	be	AUX
taxlaw-2791	964	5	that	that	SCONJ
taxlaw-2791	964	6	such	such	ADJ
taxlaw-2791	964	7	flexibility	flexibility	NOUN
taxlaw-2791	964	8	is	be	AUX
taxlaw-2791	964	9	tolerable	tolerable	ADJ
taxlaw-2791	964	10	because	because	SCONJ
taxlaw-2791	964	11	the	the	DET
taxlaw-2791	964	12	partners	partner	NOUN
taxlaw-2791	964	13	are	be	AUX
taxlaw-2791	964	14	likely	likely	ADJ
taxlaw-2791	964	15	to	to	PART
taxlaw-2791	964	16	have	have	VERB
taxlaw-2791	964	17	adverse	adverse	ADJ
taxlaw-2791	964	18	interests	interest	NOUN
taxlaw-2791	964	19	.	.	PUNCT
taxlaw-2791	965	1	the	the	DET
taxlaw-2791	965	2	notion	notion	NOUN
taxlaw-2791	965	3	of	of	ADP
taxlaw-2791	965	4	offsetting	offset	VERB
taxlaw-2791	965	5	benefits	benefit	NOUN
taxlaw-2791	965	6	and	and	CCONJ
taxlaw-2791	965	7	detriments	detriment	NOUN
taxlaw-2791	965	8	—	—	PUNCT
taxlaw-2791	965	9	the	the	DET
taxlaw-2791	965	10	justification	justification	NOUN
taxlaw-2791	965	11	for	for	ADP
taxlaw-2791	965	12	allowing	allow	VERB
taxlaw-2791	965	13	flexible	flexible	ADJ
taxlaw-2791	965	14	allocations	allocation	NOUN
taxlaw-2791	965	15	under	under	ADP
taxlaw-2791	965	16	subchapter	subchapter	NOUN
taxlaw-2791	965	17	k	k	NOUN
taxlaw-2791	965	18	—	—	PUNCT
taxlaw-2791	965	19	is	be	AUX
taxlaw-2791	965	20	the	the	DET
taxlaw-2791	965	21	antithesis	antithesis	NOUN
taxlaw-2791	965	22	of	of	ADP
taxlaw-2791	965	23	the	the	DET
taxlaw-2791	965	24	§	§	ADJ
taxlaw-2791	965	25	710	710	NUM
taxlaw-2791	965	26	approach	approach	NOUN
taxlaw-2791	965	27	which	which	PRON
taxlaw-2791	965	28	alters	alter	VERB
taxlaw-2791	965	29	only	only	ADV
taxlaw-2791	965	30	the	the	DET
taxlaw-2791	965	31	tax	tax	NOUN
taxlaw-2791	965	32	consequences	consequence	NOUN
taxlaw-2791	965	33	to	to	PART
taxlaw-2791	965	34	service	service	NOUN
taxlaw-2791	965	35	partners	partner	NOUN
taxlaw-2791	965	36	.	.	PUNCT
taxlaw-2791	966	1	congress	congress	PROPN
taxlaw-2791	966	2	has	have	AUX
taxlaw-2791	966	3	barely	barely	ADV
taxlaw-2791	966	4	begun	begin	VERB
taxlaw-2791	966	5	to	to	PART
taxlaw-2791	966	6	consider	consider	VERB
taxlaw-2791	966	7	the	the	DET
taxlaw-2791	966	8	myriad	myriad	ADJ
taxlaw-2791	966	9	challenges	challenge	NOUN
taxlaw-2791	966	10	of	of	ADP
taxlaw-2791	966	11	integrating	integrate	VERB
taxlaw-2791	966	12	§	§	PROPN
taxlaw-2791	966	13	710	710	NUM
taxlaw-2791	966	14	with	with	ADP
taxlaw-2791	966	15	the	the	DET
taxlaw-2791	966	16	already	already	ADV
taxlaw-2791	966	17	excessively	excessively	ADV
taxlaw-2791	966	18	intricate	intricate	ADJ
taxlaw-2791	966	19	provisions	provision	NOUN
taxlaw-2791	966	20	of	of	ADP
taxlaw-2791	966	21	partnership	partnership	NOUN
taxlaw-2791	966	22	tax	tax	NOUN
taxlaw-2791	966	23	.	.	PUNCT
taxlaw-2791	967	1	for	for	ADP
taxlaw-2791	967	2	example	example	NOUN
taxlaw-2791	967	3	,	,	PUNCT
taxlaw-2791	967	4	congress	congress	PROPN
taxlaw-2791	967	5	would	would	AUX
taxlaw-2791	967	6	need	need	VERB
taxlaw-2791	967	7	to	to	PART
taxlaw-2791	967	8	coordinate	coordinate	VERB
taxlaw-2791	967	9	§	§	PROPN
taxlaw-2791	967	10	710	710	NUM
taxlaw-2791	967	11	with	with	ADP
taxlaw-2791	967	12	the	the	DET
taxlaw-2791	967	13	collapsible	collapsible	ADJ
taxlaw-2791	967	14	partnership	partnership	NOUN
taxlaw-2791	967	15	rules	rule	NOUN
taxlaw-2791	967	16	of	of	ADP
taxlaw-2791	967	17	§	§	PROPN
taxlaw-2791	967	18	751	751	NUM
taxlaw-2791	967	19	governing	govern	VERB
taxlaw-2791	967	20	sales	sale	NOUN
taxlaw-2791	967	21	of	of	ADP
taxlaw-2791	967	22	interests	interest	NOUN
taxlaw-2791	967	23	and	and	CCONJ
taxlaw-2791	967	24	disproportionate	disproportionate	ADJ
taxlaw-2791	967	25	distributions.162	distributions.162	ADP
taxlaw-2791	967	26	when	when	SCONJ
taxlaw-2791	967	27	a	a	DET
taxlaw-2791	967	28	service	service	NOUN
taxlaw-2791	967	29	partner	partner	NOUN
taxlaw-2791	967	30	’s	’s	PART
taxlaw-2791	967	31	interest	interest	NOUN
taxlaw-2791	967	32	is	be	AUX
taxlaw-2791	967	33	sold	sell	VERB
taxlaw-2791	967	34	,	,	PUNCT
taxlaw-2791	967	35	it	it	PRON
taxlaw-2791	967	36	would	would	AUX
taxlaw-2791	967	37	be	be	AUX
taxlaw-2791	967	38	necessary	necessary	ADJ
taxlaw-2791	967	39	to	to	PART
taxlaw-2791	967	40	bifurcate	bifurcate	VERB
taxlaw-2791	967	41	the	the	DET
taxlaw-2791	967	42	amount	amount	NOUN
taxlaw-2791	967	43	realized	realize	VERB
taxlaw-2791	967	44	between	between	ADP
taxlaw-2791	967	45	the	the	DET
taxlaw-2791	967	46	ordinary	ordinary	ADJ
taxlaw-2791	967	47	-	-	PUNCT
taxlaw-2791	967	48	income	income	NOUN
taxlaw-2791	967	49	and	and	CCONJ
taxlaw-2791	967	50	capital	capital	NOUN
taxlaw-2791	967	51	-	-	PUNCT
taxlaw-2791	967	52	gain	gain	NOUN
taxlaw-2791	967	53	components	component	NOUN
taxlaw-2791	967	54	even	even	ADV
taxlaw-2791	967	55	though	though	SCONJ
taxlaw-2791	967	56	gain	gain	NOUN
taxlaw-2791	967	57	at	at	ADP
taxlaw-2791	967	58	the	the	DET
taxlaw-2791	967	59	partnership	partnership	NOUN
taxlaw-2791	967	60	level	level	NOUN
taxlaw-2791	967	61	consists	consist	VERB
taxlaw-2791	967	62	solely	solely	ADV
taxlaw-2791	967	63	of	of	ADP
taxlaw-2791	967	64	capital	capital	NOUN
taxlaw-2791	967	65	gain.163	gain.163	VERB
taxlaw-2791	967	66	except	except	SCONJ
taxlaw-2791	967	67	on	on	ADP
taxlaw-2791	967	68	sale	sale	NOUN
taxlaw-2791	967	69	of	of	ADP
taxlaw-2791	967	70	an	an	DET
taxlaw-2791	967	71	interest	interest	NOUN
taxlaw-2791	967	72	,	,	PUNCT
taxlaw-2791	967	73	congress	congress	PROPN
taxlaw-2791	967	74	seems	seem	VERB
taxlaw-2791	967	75	quite	quite	ADV
taxlaw-2791	967	76	oblivious	oblivious	ADJ
taxlaw-2791	967	77	to	to	ADP
taxlaw-2791	967	78	the	the	DET
taxlaw-2791	967	79	potential	potential	ADJ
taxlaw-2791	967	80	shifting	shifting	NOUN
taxlaw-2791	967	81	of	of	ADP
taxlaw-2791	967	82	ordinary	ordinary	ADJ
taxlaw-2791	967	83	income	income	NOUN
taxlaw-2791	967	84	and	and	CCONJ
taxlaw-2791	967	85	capital	capital	NOUN
taxlaw-2791	967	86	gain	gain	NOUN
taxlaw-2791	967	87	with	with	ADP
taxlaw-2791	967	88	respect	respect	NOUN
taxlaw-2791	967	89	to	to	ADP
taxlaw-2791	967	90	the	the	DET
taxlaw-2791	967	91	service	service	NOUN
taxlaw-2791	967	92	partner	partner	NOUN
taxlaw-2791	967	93	’s	’s	PART
taxlaw-2791	967	94	interest.164	interest.164	NOUN
taxlaw-2791	967	95	while	while	SCONJ
taxlaw-2791	967	96	§	§	PROPN
taxlaw-2791	967	97	710	710	NUM
taxlaw-2791	967	98	refers	refer	VERB
taxlaw-2791	967	99	expressly	expressly	ADV
taxlaw-2791	967	100	to	to	ADP
taxlaw-2791	967	101	§	§	PROPN
taxlaw-2791	967	102	751(a	751(a	NUM
taxlaw-2791	967	103	)	)	PUNCT
taxlaw-2791	967	104	governing	govern	VERB
taxlaw-2791	967	105	sales	sale	NOUN
taxlaw-2791	967	106	of	of	ADP
taxlaw-2791	967	107	partnership	partnership	NOUN
taxlaw-2791	967	108	interests	interest	NOUN
taxlaw-2791	967	109	,	,	PUNCT
taxlaw-2791	967	110	it	it	PRON
taxlaw-2791	967	111	ignores	ignore	VERB
taxlaw-2791	967	112	§	§	PROPN
taxlaw-2791	967	113	751(b	751(b	PROPN
taxlaw-2791	967	114	)	)	PUNCT
taxlaw-2791	967	115	,	,	PUNCT
taxlaw-2791	967	116	the	the	DET
taxlaw-2791	967	117	companion	companion	NOUN
taxlaw-2791	967	118	provision	provision	NOUN
taxlaw-2791	967	119	governing	govern	VERB
taxlaw-2791	967	120	160	160	NUM
taxlaw-2791	967	121	.	.	PUNCT
taxlaw-2791	968	1	see	see	VERB
taxlaw-2791	968	2	david	david	PROPN
taxlaw-2791	968	3	a.	a.	PROPN
taxlaw-2791	968	4	weisbach	weisbach	PROPN
taxlaw-2791	968	5	,	,	PUNCT
taxlaw-2791	968	6	professor	professor	NOUN
taxlaw-2791	968	7	says	say	VERB
taxlaw-2791	968	8	carried	carry	VERB
taxlaw-2791	968	9	interest	interest	NOUN
taxlaw-2791	968	10	legislation	legislation	NOUN
taxlaw-2791	968	11	is	be	AUX
taxlaw-2791	968	12	misguided	misguided	ADJ
taxlaw-2791	968	13	,	,	PUNCT
taxlaw-2791	968	14	116	116	NUM
taxlaw-2791	968	15	tax	tax	NOUN
taxlaw-2791	968	16	notes	note	NOUN
taxlaw-2791	968	17	505	505	NUM
taxlaw-2791	968	18	,	,	PUNCT
taxlaw-2791	968	19	510	510	NUM
taxlaw-2791	968	20	(	(	PUNCT
taxlaw-2791	968	21	2007	2007	NUM
taxlaw-2791	968	22	)	)	PUNCT
taxlaw-2791	968	23	(	(	PUNCT
taxlaw-2791	968	24	“	"	PUNCT
taxlaw-2791	968	25	the	the	DET
taxlaw-2791	968	26	levin	levin	PROPN
taxlaw-2791	968	27	bill	bill	PROPN
taxlaw-2791	968	28	simply	simply	ADV
taxlaw-2791	968	29	glosses	gloss	VERB
taxlaw-2791	968	30	over	over	ADP
taxlaw-2791	968	31	[	[	X
taxlaw-2791	968	32	the	the	DET
taxlaw-2791	968	33	]	]	X
taxlaw-2791	968	34	central	central	ADJ
taxlaw-2791	968	35	problem	problem	NOUN
taxlaw-2791	968	36	,	,	PUNCT
taxlaw-2791	968	37	hiding	hide	VERB
taxlaw-2791	968	38	its	its	PRON
taxlaw-2791	968	39	complexities	complexity	NOUN
taxlaw-2791	968	40	behind	behind	ADP
taxlaw-2791	968	41	a	a	DET
taxlaw-2791	968	42	rule	rule	NOUN
taxlaw-2791	968	43	that	that	SCONJ
taxlaw-2791	968	44	allocations	allocation	NOUN
taxlaw-2791	968	45	must	must	AUX
taxlaw-2791	968	46	be	be	AUX
taxlaw-2791	968	47	reasonable	reasonable	ADJ
taxlaw-2791	968	48	.	.	PUNCT
taxlaw-2791	968	49	”	"	PUNCT
taxlaw-2791	968	50	)	)	PUNCT
taxlaw-2791	968	51	.	.	PUNCT
taxlaw-2791	969	1	161	161	NUM
taxlaw-2791	969	2	.	.	PUNCT
taxlaw-2791	970	1	see	see	VERB
taxlaw-2791	970	2	weisbach	weisbach	NOUN
taxlaw-2791	970	3	,	,	PUNCT
taxlaw-2791	970	4	supra	supra	PROPN
taxlaw-2791	970	5	note	note	NOUN
taxlaw-2791	970	6	14	14	NUM
taxlaw-2791	970	7	,	,	PUNCT
taxlaw-2791	970	8	at	at	ADP
taxlaw-2791	970	9	756	756	NUM
taxlaw-2791	970	10	(	(	PUNCT
taxlaw-2791	970	11	“	"	PUNCT
taxlaw-2791	970	12	there	there	PRON
taxlaw-2791	970	13	is	be	VERB
taxlaw-2791	970	14	no	no	DET
taxlaw-2791	970	15	way	way	NOUN
taxlaw-2791	970	16	to	to	PART
taxlaw-2791	970	17	draft	draft	VERB
taxlaw-2791	970	18	laws	law	NOUN
taxlaw-2791	970	19	or	or	CCONJ
taxlaw-2791	970	20	regulations	regulation	NOUN
taxlaw-2791	970	21	that	that	PRON
taxlaw-2791	970	22	identify	identify	VERB
taxlaw-2791	970	23	any	any	DET
taxlaw-2791	970	24	potential	potential	ADJ
taxlaw-2791	970	25	service	service	NOUN
taxlaw-2791	970	26	component	component	NOUN
taxlaw-2791	970	27	to	to	ADP
taxlaw-2791	970	28	the	the	DET
taxlaw-2791	970	29	capital	capital	NOUN
taxlaw-2791	970	30	allocation	allocation	NOUN
taxlaw-2791	970	31	.	.	PUNCT
taxlaw-2791	970	32	”	"	PUNCT
taxlaw-2791	970	33	)	)	PUNCT
taxlaw-2791	970	34	;	;	PUNCT
taxlaw-2791	970	35	i	i	PRON
taxlaw-2791	970	36	d.	d.	PROPN
taxlaw-2791	970	37	(	(	PUNCT
taxlaw-2791	970	38	noting	note	VERB
taxlaw-2791	970	39	that	that	SCONJ
taxlaw-2791	970	40	challenges	challenge	NOUN
taxlaw-2791	970	41	by	by	ADP
taxlaw-2791	970	42	the	the	DET
taxlaw-2791	970	43	service	service	NOUN
taxlaw-2791	970	44	would	would	AUX
taxlaw-2791	970	45	be	be	AUX
taxlaw-2791	970	46	expensive	expensive	ADJ
taxlaw-2791	970	47	and	and	CCONJ
taxlaw-2791	970	48	time	time	NOUN
taxlaw-2791	970	49	-	-	PUNCT
taxlaw-2791	970	50	consuming	consume	VERB
taxlaw-2791	970	51	,	,	PUNCT
taxlaw-2791	970	52	with	with	ADP
taxlaw-2791	970	53	the	the	DET
taxlaw-2791	970	54	service	service	NOUN
taxlaw-2791	970	55	having	have	VERB
taxlaw-2791	970	56	“	"	PUNCT
taxlaw-2791	970	57	little	little	ADJ
taxlaw-2791	970	58	chance	chance	NOUN
taxlaw-2791	970	59	of	of	ADP
taxlaw-2791	970	60	winning	win	VERB
taxlaw-2791	970	61	except	except	SCONJ
taxlaw-2791	970	62	in	in	ADP
taxlaw-2791	970	63	egregious	egregious	ADJ
taxlaw-2791	970	64	cases	case	NOUN
taxlaw-2791	970	65	”	"	PUNCT
taxlaw-2791	970	66	)	)	PUNCT
taxlaw-2791	970	67	;	;	PUNCT
taxlaw-2791	970	68	see	see	VERB
taxlaw-2791	970	69	also	also	ADV
taxlaw-2791	970	70	rosenzweig	rosenzweig	VERB
taxlaw-2791	970	71	,	,	PUNCT
taxlaw-2791	970	72	supra	supra	PROPN
taxlaw-2791	970	73	note	note	NOUN
taxlaw-2791	970	74	23	23	NUM
taxlaw-2791	970	75	,	,	PUNCT
taxlaw-2791	970	76	at	at	ADP
taxlaw-2791	970	77	729	729	NUM
taxlaw-2791	970	78	(	(	PUNCT
taxlaw-2791	970	79	discounting	discount	VERB
taxlaw-2791	970	80	the	the	DET
taxlaw-2791	970	81	possibility	possibility	NOUN
taxlaw-2791	970	82	that	that	SCONJ
taxlaw-2791	970	83	“	"	PUNCT
taxlaw-2791	970	84	adding	add	VERB
taxlaw-2791	970	85	the	the	DET
taxlaw-2791	970	86	additional	additional	ADJ
taxlaw-2791	970	87	complexities	complexity	NOUN
taxlaw-2791	970	88	of	of	ADP
taxlaw-2791	970	89	the	the	DET
taxlaw-2791	970	90	partnership	partnership	NOUN
taxlaw-2791	970	91	accounting	accounting	NOUN
taxlaw-2791	970	92	rules	rule	NOUN
taxlaw-2791	970	93	into	into	ADP
taxlaw-2791	970	94	the	the	DET
taxlaw-2791	970	95	mix	mix	NOUN
taxlaw-2791	970	96	will	will	AUX
taxlaw-2791	970	97	lead	lead	VERB
taxlaw-2791	970	98	to	to	ADP
taxlaw-2791	970	99	a	a	DET
taxlaw-2791	970	100	more	more	ADV
taxlaw-2791	970	101	rational	rational	ADJ
taxlaw-2791	970	102	or	or	CCONJ
taxlaw-2791	970	103	implementable	implementable	ADJ
taxlaw-2791	970	104	solution	solution	NOUN
taxlaw-2791	970	105	”	"	PUNCT
taxlaw-2791	970	106	to	to	ADP
taxlaw-2791	970	107	the	the	DET
taxlaw-2791	970	108	problem	problem	NOUN
taxlaw-2791	970	109	of	of	ADP
taxlaw-2791	970	110	blended	blended	ADJ
taxlaw-2791	970	111	returns	return	NOUN
taxlaw-2791	970	112	to	to	ADP
taxlaw-2791	970	113	labor	labor	NOUN
taxlaw-2791	970	114	and	and	CCONJ
taxlaw-2791	970	115	capital	capital	NOUN
taxlaw-2791	970	116	)	)	PUNCT
taxlaw-2791	970	117	.	.	PUNCT
taxlaw-2791	971	1	162	162	NUM
taxlaw-2791	971	2	.	.	PUNCT
taxlaw-2791	971	3	see	see	VERB
taxlaw-2791	971	4	i.r.c	i.r.c	NOUN
taxlaw-2791	971	5	.	.	PUNCT
taxlaw-2791	972	1	§	§	PROPN
taxlaw-2791	972	2	751(a	751(a	PROPN
taxlaw-2791	972	3	)	)	PUNCT
taxlaw-2791	972	4	(	(	PUNCT
taxlaw-2791	972	5	2009	2009	NUM
taxlaw-2791	972	6	)	)	PUNCT
taxlaw-2791	972	7	(	(	PUNCT
taxlaw-2791	972	8	sales	sale	NOUN
taxlaw-2791	972	9	)	)	PUNCT
taxlaw-2791	972	10	,	,	PUNCT
taxlaw-2791	972	11	§	§	PROPN
taxlaw-2791	972	12	751(b	751(b	PROPN
taxlaw-2791	972	13	)	)	PUNCT
taxlaw-2791	972	14	(	(	PUNCT
taxlaw-2791	972	15	2009	2009	NUM
taxlaw-2791	972	16	)	)	PUNCT
taxlaw-2791	972	17	(	(	PUNCT
taxlaw-2791	972	18	disproportionate	disproportionate	ADJ
taxlaw-2791	972	19	distributions	distribution	NOUN
taxlaw-2791	972	20	)	)	PUNCT
taxlaw-2791	972	21	.	.	PUNCT
taxlaw-2791	973	1	a	a	DET
taxlaw-2791	973	2	disposition	disposition	NOUN
taxlaw-2791	973	3	of	of	ADP
taxlaw-2791	973	4	a	a	DET
taxlaw-2791	973	5	service	service	NOUN
taxlaw-2791	973	6	partner	partner	NOUN
taxlaw-2791	973	7	’s	’s	PART
taxlaw-2791	973	8	interest	interest	NOUN
taxlaw-2791	973	9	would	would	AUX
taxlaw-2791	973	10	trigger	trigger	VERB
taxlaw-2791	973	11	recognition	recognition	NOUN
taxlaw-2791	973	12	of	of	ADP
taxlaw-2791	973	13	ordinary	ordinary	ADJ
taxlaw-2791	973	14	income	income	NOUN
taxlaw-2791	973	15	notwithstanding	notwithstanding	ADP
taxlaw-2791	973	16	otherwise	otherwise	ADV
taxlaw-2791	973	17	applicable	applicable	ADJ
taxlaw-2791	973	18	provisions	provision	NOUN
taxlaw-2791	973	19	.	.	PUNCT
taxlaw-2791	974	1	see	see	VERB
taxlaw-2791	974	2	prop	prop	NOUN
taxlaw-2791	974	3	.	.	PUNCT
taxlaw-2791	975	1	§	§	PROPN
taxlaw-2791	975	2	710(b)(1	710(b)(1	PROPN
taxlaw-2791	975	3	)	)	PUNCT
taxlaw-2791	975	4	.	.	PUNCT
taxlaw-2791	976	1	163	163	NUM
taxlaw-2791	976	2	.	.	PUNCT
taxlaw-2791	977	1	see	see	VERB
taxlaw-2791	977	2	gergen	gergen	ADV
taxlaw-2791	977	3	,	,	PUNCT
taxlaw-2791	977	4	supra	supra	PROPN
taxlaw-2791	977	5	note	note	NOUN
taxlaw-2791	977	6	12	12	NUM
taxlaw-2791	977	7	,	,	PUNCT
taxlaw-2791	977	8	at	at	ADP
taxlaw-2791	977	9	146	146	NUM
taxlaw-2791	977	10	(	(	PUNCT
taxlaw-2791	977	11	“	"	PUNCT
taxlaw-2791	977	12	it	it	PRON
taxlaw-2791	977	13	is	be	AUX
taxlaw-2791	977	14	not	not	PART
taxlaw-2791	977	15	clear	clear	ADJ
taxlaw-2791	977	16	how	how	SCONJ
taxlaw-2791	977	17	a	a	DET
taxlaw-2791	977	18	[	[	X
taxlaw-2791	977	19	service	service	NOUN
taxlaw-2791	977	20	partner	partner	NOUN
taxlaw-2791	977	21	’s	’s	PART
taxlaw-2791	977	22	]	]	PUNCT
taxlaw-2791	977	23	overall	overall	ADJ
taxlaw-2791	977	24	book	book	NOUN
taxlaw-2791	977	25	gain	gain	NOUN
taxlaw-2791	977	26	should	should	AUX
taxlaw-2791	977	27	be	be	AUX
taxlaw-2791	977	28	spread	spread	VERB
taxlaw-2791	977	29	across	across	ADP
taxlaw-2791	977	30	a	a	DET
taxlaw-2791	977	31	mix	mix	NOUN
taxlaw-2791	977	32	of	of	ADP
taxlaw-2791	977	33	gain	gain	NOUN
taxlaw-2791	977	34	and	and	CCONJ
taxlaw-2791	977	35	loss	loss	NOUN
taxlaw-2791	977	36	assets	asset	NOUN
taxlaw-2791	977	37	.	.	PUNCT
taxlaw-2791	978	1	and	and	CCONJ
taxlaw-2791	978	2	so	so	ADV
taxlaw-2791	978	3	on	on	ADV
taxlaw-2791	978	4	.	.	PUNCT
taxlaw-2791	978	5	”	"	PUNCT
taxlaw-2791	978	6	)	)	PUNCT
taxlaw-2791	978	7	.	.	PUNCT
taxlaw-2791	979	1	164	164	NUM
taxlaw-2791	979	2	.	.	PUNCT
taxlaw-2791	980	1	there	there	PRON
taxlaw-2791	980	2	would	would	AUX
taxlaw-2791	980	3	clearly	clearly	ADV
taxlaw-2791	980	4	be	be	AUX
taxlaw-2791	980	5	an	an	DET
taxlaw-2791	980	6	incentive	incentive	NOUN
taxlaw-2791	980	7	to	to	PART
taxlaw-2791	980	8	specially	specially	ADV
taxlaw-2791	980	9	allocate	allocate	VERB
taxlaw-2791	980	10	ordinary	ordinary	ADJ
taxlaw-2791	980	11	income	income	NOUN
taxlaw-2791	980	12	(	(	PUNCT
taxlaw-2791	980	13	or	or	CCONJ
taxlaw-2791	980	14	shortterm	shortterm	VERB
taxlaw-2791	980	15	capital	capital	NOUN
taxlaw-2791	980	16	gain	gain	NOUN
taxlaw-2791	980	17	)	)	PUNCT
taxlaw-2791	980	18	to	to	ADP
taxlaw-2791	980	19	the	the	DET
taxlaw-2791	980	20	service	service	NOUN
taxlaw-2791	980	21	partner	partner	NOUN
taxlaw-2791	980	22	’s	’s	PART
taxlaw-2791	980	23	carried	carry	VERB
taxlaw-2791	980	24	interest	interest	NOUN
taxlaw-2791	980	25	.	.	PUNCT
taxlaw-2791	981	1	see	see	VERB
taxlaw-2791	981	2	aba	aba	PROPN
taxlaw-2791	981	3	comments	comment	NOUN
taxlaw-2791	981	4	,	,	PUNCT
taxlaw-2791	981	5	supra	supra	PROPN
taxlaw-2791	981	6	note	note	PROPN
taxlaw-2791	981	7	11	11	NUM
taxlaw-2791	981	8	,	,	PUNCT
taxlaw-2791	981	9	at	at	ADP
taxlaw-2791	981	10	21	21	NUM
taxlaw-2791	981	11	;	;	PUNCT
taxlaw-2791	981	12	see	see	VERB
taxlaw-2791	981	13	also	also	ADV
taxlaw-2791	981	14	nysba	nysba	NOUN
taxlaw-2791	981	15	report	report	NOUN
taxlaw-2791	981	16	,	,	PUNCT
taxlaw-2791	981	17	supra	supra	PROPN
taxlaw-2791	981	18	note	note	PROPN
taxlaw-2791	981	19	11	11	NUM
taxlaw-2791	981	20	,	,	PUNCT
taxlaw-2791	981	21	at	at	ADP
taxlaw-2791	981	22	59	59	NUM
taxlaw-2791	981	23	n.151	n.151	NUM
taxlaw-2791	981	24	.	.	PUNCT
taxlaw-2791	982	1	44	44	NUM
taxlaw-2791	982	2	columbia	columbia	PROPN
taxlaw-2791	982	3	jour	jour	PROPN
taxlaw-2791	982	4	�	�	PROPN
taxlaw-2791	982	5	al	al	PROPN
taxlaw-2791	982	6	of	of	ADP
taxlaw-2791	982	7	tax	tax	NOUN
taxlaw-2791	982	8	law	law	NOUN
taxlaw-2791	983	1	[	[	X
taxlaw-2791	983	2	vol	vol	NOUN
taxlaw-2791	983	3	.	.	PUNCT
taxlaw-2791	984	1	1:1	1:1	NUM
taxlaw-2791	984	2	distributions	distribution	NOUN
taxlaw-2791	984	3	of	of	ADP
taxlaw-2791	984	4	partnership	partnership	NOUN
taxlaw-2791	984	5	property.165	property.165	NOUN
taxlaw-2791	984	6	since	since	SCONJ
taxlaw-2791	984	7	1954	1954	NUM
taxlaw-2791	984	8	,	,	PUNCT
taxlaw-2791	984	9	a	a	DET
taxlaw-2791	984	10	central	central	ADJ
taxlaw-2791	984	11	tenet	tenet	NOUN
taxlaw-2791	984	12	of	of	ADP
taxlaw-2791	984	13	subchapter	subchapter	NOUN
taxlaw-2791	984	14	k	k	PROPN
taxlaw-2791	984	15	has	have	AUX
taxlaw-2791	984	16	been	be	AUX
taxlaw-2791	984	17	the	the	DET
taxlaw-2791	984	18	need	need	NOUN
taxlaw-2791	984	19	to	to	PART
taxlaw-2791	984	20	prevent	prevent	VERB
taxlaw-2791	984	21	shifting	shifting	NOUN
taxlaw-2791	984	22	of	of	ADP
taxlaw-2791	984	23	capital	capital	NOUN
taxlaw-2791	984	24	gain	gain	NOUN
taxlaw-2791	984	25	and	and	CCONJ
taxlaw-2791	984	26	ordinary	ordinary	ADJ
taxlaw-2791	984	27	income	income	NOUN
taxlaw-2791	984	28	among	among	ADP
taxlaw-2791	984	29	partners.166	partners.166	NOUN
taxlaw-2791	984	30	there	there	PRON
taxlaw-2791	984	31	is	be	VERB
taxlaw-2791	984	32	no	no	DET
taxlaw-2791	984	33	justification	justification	NOUN
taxlaw-2791	984	34	for	for	ADP
taxlaw-2791	984	35	allowing	allow	VERB
taxlaw-2791	984	36	such	such	ADJ
taxlaw-2791	984	37	shifting	shifting	NOUN
taxlaw-2791	984	38	within	within	ADP
taxlaw-2791	984	39	the	the	DET
taxlaw-2791	984	40	return	return	NOUN
taxlaw-2791	984	41	of	of	ADP
taxlaw-2791	984	42	a	a	DET
taxlaw-2791	984	43	single	single	ADJ
taxlaw-2791	984	44	partner	partner	NOUN
taxlaw-2791	984	45	(	(	PUNCT
taxlaw-2791	984	46	gp	gp	NOUN
taxlaw-2791	984	47	)	)	PUNCT
taxlaw-2791	984	48	,	,	PUNCT
taxlaw-2791	984	49	often	often	ADV
taxlaw-2791	984	50	with	with	ADP
taxlaw-2791	984	51	no	no	DET
taxlaw-2791	984	52	detriment	detriment	NOUN
taxlaw-2791	984	53	to	to	ADP
taxlaw-2791	984	54	the	the	DET
taxlaw-2791	984	55	other	other	ADJ
taxlaw-2791	984	56	partners	partner	NOUN
taxlaw-2791	984	57	.	.	PUNCT
taxlaw-2791	985	1	indeed	indeed	ADV
taxlaw-2791	985	2	,	,	PUNCT
taxlaw-2791	985	3	§	§	PROPN
taxlaw-2791	985	4	710	710	NUM
taxlaw-2791	985	5	would	would	AUX
taxlaw-2791	985	6	likely	likely	ADV
taxlaw-2791	985	7	provide	provide	VERB
taxlaw-2791	985	8	an	an	DET
taxlaw-2791	985	9	opportunity	opportunity	NOUN
taxlaw-2791	985	10	for	for	SCONJ
taxlaw-2791	985	11	partnership	partnership	NOUN
taxlaw-2791	985	12	tax	tax	NOUN
taxlaw-2791	985	13	bar	bar	NOUN
taxlaw-2791	985	14	to	to	PART
taxlaw-2791	985	15	demand	demand	VERB
taxlaw-2791	985	16	repeal	repeal	NOUN
taxlaw-2791	985	17	of	of	ADP
taxlaw-2791	985	18	§	§	PROPN
taxlaw-2791	985	19	751(b	751(b	PROPN
taxlaw-2791	985	20	)	)	PUNCT
taxlaw-2791	985	21	.	.	PUNCT
taxlaw-2791	986	1	conclusion	conclusion	NOUN
taxlaw-2791	986	2	in	in	ADP
taxlaw-2791	986	3	response	response	NOUN
taxlaw-2791	986	4	to	to	ADP
taxlaw-2791	986	5	the	the	DET
taxlaw-2791	986	6	partnership	partnership	NOUN
taxlaw-2791	986	7	tax	tax	NOUN
taxlaw-2791	986	8	bar	bar	NOUN
taxlaw-2791	986	9	’s	’s	PART
taxlaw-2791	986	10	recommendations	recommendation	NOUN
taxlaw-2791	986	11	,	,	PUNCT
taxlaw-2791	986	12	the	the	DET
taxlaw-2791	986	13	current	current	ADJ
taxlaw-2791	986	14	version	version	NOUN
taxlaw-2791	986	15	of	of	ADP
taxlaw-2791	986	16	carried	carry	VERB
taxlaw-2791	986	17	interest	interest	NOUN
taxlaw-2791	986	18	legislation	legislation	NOUN
taxlaw-2791	986	19	would	would	AUX
taxlaw-2791	986	20	expand	expand	VERB
taxlaw-2791	986	21	the	the	DET
taxlaw-2791	986	22	concept	concept	NOUN
taxlaw-2791	986	23	of	of	ADP
taxlaw-2791	986	24	qualified	qualified	ADJ
taxlaw-2791	986	25	capital	capital	NOUN
taxlaw-2791	986	26	and	and	CCONJ
taxlaw-2791	986	27	revise	revise	VERB
taxlaw-2791	986	28	§	§	PROPN
taxlaw-2791	986	29	83	83	NUM
taxlaw-2791	986	30	to	to	PART
taxlaw-2791	986	31	entrench	entrench	VERB
taxlaw-2791	986	32	an	an	DET
taxlaw-2791	986	33	unwarranted	unwarranted	ADJ
taxlaw-2791	986	34	valuation	valuation	NOUN
taxlaw-2791	986	35	subsidy	subsidy	NOUN
taxlaw-2791	986	36	for	for	ADP
taxlaw-2791	986	37	partnership	partnership	NOUN
taxlaw-2791	986	38	profits	profit	NOUN
taxlaw-2791	986	39	interest	interest	NOUN
taxlaw-2791	986	40	.	.	PUNCT
taxlaw-2791	987	1	the	the	DET
taxlaw-2791	987	2	underlying	underlying	ADJ
taxlaw-2791	987	3	notion	notion	NOUN
taxlaw-2791	987	4	is	be	AUX
taxlaw-2791	987	5	that	that	SCONJ
taxlaw-2791	987	6	§	§	PROPN
taxlaw-2791	987	7	710	710	NUM
taxlaw-2791	987	8	is	be	AUX
taxlaw-2791	987	9	a	a	DET
taxlaw-2791	987	10	substitute	substitute	NOUN
taxlaw-2791	987	11	for	for	ADP
taxlaw-2791	987	12	the	the	DET
taxlaw-2791	987	13	generally	generally	ADV
taxlaw-2791	987	14	applicable	applicable	ADJ
taxlaw-2791	987	15	rules	rule	NOUN
taxlaw-2791	987	16	of	of	ADP
taxlaw-2791	987	17	§	§	PROPN
taxlaw-2791	987	18	83	83	NUM
taxlaw-2791	987	19	governing	govern	VERB
taxlaw-2791	987	20	transfers	transfer	NOUN
taxlaw-2791	987	21	of	of	ADP
taxlaw-2791	987	22	property	property	NOUN
taxlaw-2791	987	23	for	for	ADP
taxlaw-2791	987	24	services	service	NOUN
taxlaw-2791	987	25	.	.	PUNCT
taxlaw-2791	988	1	by	by	ADP
taxlaw-2791	988	2	contrast	contrast	NOUN
taxlaw-2791	988	3	,	,	PUNCT
taxlaw-2791	988	4	this	this	DET
taxlaw-2791	988	5	article	article	NOUN
taxlaw-2791	988	6	suggests	suggest	VERB
taxlaw-2791	988	7	that	that	SCONJ
taxlaw-2791	988	8	§	§	PROPN
taxlaw-2791	988	9	710	710	NUM
taxlaw-2791	988	10	will	will	AUX
taxlaw-2791	988	11	often	often	ADV
taxlaw-2791	988	12	understate	understate	VERB
taxlaw-2791	988	13	the	the	DET
taxlaw-2791	988	14	compensation	compensation	NOUN
taxlaw-2791	988	15	component	component	NOUN
taxlaw-2791	988	16	of	of	ADP
taxlaw-2791	988	17	a	a	DET
taxlaw-2791	988	18	service	service	NOUN
taxlaw-2791	988	19	provider	provider	NOUN
taxlaw-2791	988	20	’s	’s	PART
taxlaw-2791	988	21	return	return	NOUN
taxlaw-2791	988	22	by	by	ADP
taxlaw-2791	988	23	taxing	tax	VERB
taxlaw-2791	988	24	less	less	ADJ
taxlaw-2791	988	25	than	than	ADP
taxlaw-2791	988	26	all	all	PRON
taxlaw-2791	988	27	of	of	ADP
taxlaw-2791	988	28	a	a	DET
taxlaw-2791	988	29	profits	profit	NOUN
taxlaw-2791	988	30	interest	interest	NOUN
taxlaw-2791	988	31	as	as	ADP
taxlaw-2791	988	32	ordinary	ordinary	ADJ
taxlaw-2791	988	33	income	income	NOUN
taxlaw-2791	988	34	and	and	CCONJ
taxlaw-2791	988	35	providing	provide	VERB
taxlaw-2791	988	36	an	an	DET
taxlaw-2791	988	37	incentive	incentive	NOUN
taxlaw-2791	988	38	to	to	ADP
taxlaw-2791	988	39	the	the	DET
taxlaw-2791	988	40	parties	party	NOUN
taxlaw-2791	988	41	to	to	PART
taxlaw-2791	988	42	overstate	overstate	VERB
taxlaw-2791	988	43	the	the	DET
taxlaw-2791	988	44	capital	capital	NOUN
taxlaw-2791	988	45	component	component	NOUN
taxlaw-2791	988	46	attributable	attributable	ADJ
taxlaw-2791	988	47	to	to	ADP
taxlaw-2791	988	48	earned	earn	VERB
taxlaw-2791	988	49	capital	capital	NOUN
taxlaw-2791	988	50	.	.	PUNCT
taxlaw-2791	989	1	by	by	ADP
taxlaw-2791	989	2	amending	amend	VERB
taxlaw-2791	989	3	§	§	PROPN
taxlaw-2791	989	4	83	83	NUM
taxlaw-2791	989	5	to	to	PART
taxlaw-2791	989	6	codify	codify	VERB
taxlaw-2791	989	7	a	a	DET
taxlaw-2791	989	8	pro	pro	ADJ
taxlaw-2791	989	9	-	-	ADJ
taxlaw-2791	989	10	taxpayer	taxpayer	ADJ
taxlaw-2791	989	11	valuation	valuation	NOUN
taxlaw-2791	989	12	rule	rule	NOUN
taxlaw-2791	989	13	for	for	ADP
taxlaw-2791	989	14	profits	profit	NOUN
taxlaw-2791	989	15	interests	interest	NOUN
taxlaw-2791	989	16	(	(	PUNCT
taxlaw-2791	989	17	zero	zero	NUM
taxlaw-2791	989	18	value	value	NOUN
taxlaw-2791	989	19	)	)	PUNCT
taxlaw-2791	989	20	,	,	PUNCT
taxlaw-2791	989	21	the	the	DET
taxlaw-2791	989	22	carried	carry	VERB
taxlaw-2791	989	23	interest	interest	NOUN
taxlaw-2791	989	24	legislation	legislation	NOUN
taxlaw-2791	989	25	affords	afford	VERB
taxlaw-2791	989	26	separate	separate	ADJ
taxlaw-2791	989	27	but	but	CCONJ
taxlaw-2791	989	28	not	not	PART
taxlaw-2791	989	29	equal	equal	ADJ
taxlaw-2791	989	30	treatment	treatment	NOUN
taxlaw-2791	989	31	of	of	ADP
taxlaw-2791	989	32	partnership	partnership	NOUN
taxlaw-2791	989	33	deferred	defer	VERB
taxlaw-2791	989	34	equity	equity	NOUN
taxlaw-2791	989	35	compensation.167	compensation.167	NOUN
taxlaw-2791	989	36	even	even	ADV
taxlaw-2791	989	37	though	though	SCONJ
taxlaw-2791	989	38	academic	academic	ADJ
taxlaw-2791	989	39	commentators	commentator	NOUN
taxlaw-2791	989	40	have	have	AUX
taxlaw-2791	989	41	sought	seek	VERB
taxlaw-2791	989	42	to	to	PART
taxlaw-2791	989	43	clarify	clarify	VERB
taxlaw-2791	989	44	the	the	DET
taxlaw-2791	989	45	joint	joint	ADJ
taxlaw-2791	989	46	-	-	PUNCT
taxlaw-2791	989	47	tax	tax	NOUN
taxlaw-2791	989	48	benefits	benefit	NOUN
taxlaw-2791	989	49	of	of	ADP
taxlaw-2791	989	50	carried	carry	VERB
taxlaw-2791	989	51	interest	interest	NOUN
taxlaw-2791	989	52	arrangements	arrangement	NOUN
taxlaw-2791	989	53	,	,	PUNCT
taxlaw-2791	989	54	the	the	DET
taxlaw-2791	989	55	current	current	ADJ
taxlaw-2791	989	56	legislation	legislation	NOUN
taxlaw-2791	989	57	pursues	pursue	VERB
taxlaw-2791	989	58	a	a	DET
taxlaw-2791	989	59	solution	solution	NOUN
taxlaw-2791	989	60	premised	premise	VERB
taxlaw-2791	989	61	narrowly	narrowly	ADV
taxlaw-2791	989	62	on	on	ADP
taxlaw-2791	989	63	the	the	DET
taxlaw-2791	989	64	one	one	NUM
taxlaw-2791	989	65	-	-	PUNCT
taxlaw-2791	989	66	sided	sided	ADJ
taxlaw-2791	989	67	advantage	advantage	NOUN
taxlaw-2791	989	68	to	to	ADP
taxlaw-2791	989	69	gp	gp	NOUN
taxlaw-2791	989	70	.	.	PUNCT
taxlaw-2791	990	1	the	the	DET
taxlaw-2791	990	2	pragmatic	pragmatic	ADJ
taxlaw-2791	990	3	argument	argument	NOUN
taxlaw-2791	990	4	in	in	ADP
taxlaw-2791	990	5	favor	favor	NOUN
taxlaw-2791	990	6	of	of	ADP
taxlaw-2791	990	7	§	§	PROPN
taxlaw-2791	990	8	710	710	NUM
taxlaw-2791	990	9	is	be	AUX
taxlaw-2791	990	10	that	that	SCONJ
taxlaw-2791	990	11	taxing	tax	VERB
taxlaw-2791	990	12	at	at	ADP
taxlaw-2791	990	13	least	least	ADJ
taxlaw-2791	990	14	some	some	PRON
taxlaw-2791	990	15	portion	portion	NOUN
taxlaw-2791	990	16	of	of	ADP
taxlaw-2791	990	17	gp	gp	NOUN
taxlaw-2791	990	18	’s	’s	PART
taxlaw-2791	990	19	compensation	compensation	NOUN
taxlaw-2791	990	20	as	as	ADP
taxlaw-2791	990	21	ordinary	ordinary	ADJ
taxlaw-2791	990	22	income	income	NOUN
taxlaw-2791	990	23	represents	represent	VERB
taxlaw-2791	990	24	an	an	DET
taxlaw-2791	990	25	adequate	adequate	ADJ
taxlaw-2791	990	26	tradeoff	tradeoff	NOUN
taxlaw-2791	990	27	for	for	ADP
taxlaw-2791	990	28	preserving	preserve	VERB
taxlaw-2791	990	29	the	the	DET
taxlaw-2791	990	30	current	current	ADJ
taxlaw-2791	990	31	favorable	favorable	ADJ
taxlaw-2791	990	32	treatment	treatment	NOUN
taxlaw-2791	990	33	of	of	ADP
taxlaw-2791	990	34	lps.168	lps.168	NOUN
taxlaw-2791	990	35	the	the	DET
taxlaw-2791	990	36	165	165	NUM
taxlaw-2791	990	37	.	.	PUNCT
taxlaw-2791	991	1	this	this	DET
taxlaw-2791	991	2	omission	omission	NOUN
taxlaw-2791	991	3	is	be	AUX
taxlaw-2791	991	4	perhaps	perhaps	ADV
taxlaw-2791	991	5	not	not	PART
taxlaw-2791	991	6	surprising	surprising	ADJ
taxlaw-2791	991	7	since	since	SCONJ
taxlaw-2791	991	8	reformers	reformer	NOUN
taxlaw-2791	991	9	conspicuously	conspicuously	ADV
taxlaw-2791	991	10	failed	fail	VERB
taxlaw-2791	991	11	to	to	PART
taxlaw-2791	991	12	mention	mention	VERB
taxlaw-2791	991	13	§	§	PROPN
taxlaw-2791	991	14	751(b	751(b	PROPN
taxlaw-2791	991	15	)	)	PUNCT
taxlaw-2791	991	16	.	.	PUNCT
taxlaw-2791	992	1	see	see	VERB
taxlaw-2791	992	2	,	,	PUNCT
taxlaw-2791	992	3	e.g.	e.g.	ADV
taxlaw-2791	992	4	,	,	PUNCT
taxlaw-2791	992	5	senate	senate	PROPN
taxlaw-2791	992	6	hearings	hearing	NOUN
taxlaw-2791	992	7	,	,	PUNCT
taxlaw-2791	992	8	supra	supra	PROPN
taxlaw-2791	992	9	note	note	NOUN
taxlaw-2791	992	10	1	1	NUM
taxlaw-2791	992	11	(	(	PUNCT
taxlaw-2791	992	12	statement	statement	NOUN
taxlaw-2791	992	13	of	of	ADP
taxlaw-2791	992	14	mark	mark	PROPN
taxlaw-2791	992	15	p.	p.	PROPN
taxlaw-2791	992	16	gergen	gergen	PROPN
taxlaw-2791	992	17	,	,	PUNCT
taxlaw-2791	992	18	july	july	PROPN
taxlaw-2791	992	19	11	11	NUM
taxlaw-2791	992	20	,	,	PUNCT
taxlaw-2791	992	21	2007	2007	NUM
taxlaw-2791	992	22	)	)	PUNCT
taxlaw-2791	992	23	(	(	PUNCT
taxlaw-2791	992	24	referring	refer	VERB
taxlaw-2791	992	25	only	only	ADV
taxlaw-2791	992	26	to	to	ADP
taxlaw-2791	992	27	§	§	PROPN
taxlaw-2791	992	28	751(a	751(a	PROPN
taxlaw-2791	992	29	)	)	PUNCT
taxlaw-2791	992	30	)	)	PUNCT
taxlaw-2791	992	31	.	.	PUNCT
taxlaw-2791	993	1	cf	cf	NOUN
taxlaw-2791	993	2	.	.	PUNCT
taxlaw-2791	994	1	prop	prop	PROPN
taxlaw-2791	994	2	.	.	PUNCT
taxlaw-2791	995	1	§	§	PROPN
taxlaw-2791	995	2	710(b)(4	710(b)(4	PROPN
taxlaw-2791	995	3	)	)	PUNCT
taxlaw-2791	995	4	(	(	PUNCT
taxlaw-2791	995	5	distributions	distribution	NOUN
taxlaw-2791	995	6	of	of	ADP
taxlaw-2791	995	7	appreciated	appreciated	ADJ
taxlaw-2791	995	8	property	property	NOUN
taxlaw-2791	995	9	“	"	PUNCT
taxlaw-2791	995	10	with	with	ADP
taxlaw-2791	995	11	respect	respect	NOUN
taxlaw-2791	995	12	to	to	ADP
taxlaw-2791	995	13	”	"	PUNCT
taxlaw-2791	995	14	a	a	DET
taxlaw-2791	995	15	service	service	NOUN
taxlaw-2791	995	16	partner	partner	NOUN
taxlaw-2791	995	17	’s	’s	PART
taxlaw-2791	995	18	interest	interest	NOUN
taxlaw-2791	995	19	)	)	PUNCT
taxlaw-2791	995	20	.	.	PUNCT
taxlaw-2791	996	1	166	166	NUM
taxlaw-2791	996	2	.	.	PUNCT
taxlaw-2791	997	1	while	while	SCONJ
taxlaw-2791	997	2	conceding	concede	VERB
taxlaw-2791	997	3	the	the	DET
taxlaw-2791	997	4	need	need	NOUN
taxlaw-2791	997	5	for	for	ADP
taxlaw-2791	997	6	§	§	PROPN
taxlaw-2791	997	7	751(a	751(a	PROPN
taxlaw-2791	997	8	)	)	PUNCT
taxlaw-2791	997	9	,	,	PUNCT
taxlaw-2791	997	10	the	the	DET
taxlaw-2791	997	11	partnership	partnership	NOUN
taxlaw-2791	997	12	tax	tax	NOUN
taxlaw-2791	997	13	bar	bar	NOUN
taxlaw-2791	997	14	generally	generally	ADV
taxlaw-2791	997	15	views	view	VERB
taxlaw-2791	997	16	§	§	PROPN
taxlaw-2791	997	17	751(b	751(b	PROPN
taxlaw-2791	997	18	)	)	PUNCT
taxlaw-2791	997	19	as	as	ADP
taxlaw-2791	997	20	too	too	ADV
taxlaw-2791	997	21	complex	complex	ADJ
taxlaw-2791	997	22	and	and	CCONJ
taxlaw-2791	997	23	ripe	ripe	ADJ
taxlaw-2791	997	24	for	for	ADP
taxlaw-2791	997	25	repeal	repeal	NOUN
taxlaw-2791	997	26	.	.	PUNCT
taxlaw-2791	998	1	see	see	VERB
taxlaw-2791	998	2	generally	generally	ADV
taxlaw-2791	998	3	karen	karen	PROPN
taxlaw-2791	998	4	c.	c.	PROPN
taxlaw-2791	998	5	burke	burke	PROPN
taxlaw-2791	998	6	,	,	PUNCT
taxlaw-2791	998	7	origins	origin	NOUN
taxlaw-2791	998	8	and	and	CCONJ
taxlaw-2791	998	9	evolution	evolution	NOUN
taxlaw-2791	998	10	of	of	ADP
taxlaw-2791	998	11	§	§	PROPN
taxlaw-2791	998	12	751(b	751(b	PROPN
taxlaw-2791	998	13	)	)	PUNCT
taxlaw-2791	998	14	,	,	PUNCT
taxlaw-2791	998	15	60	60	NUM
taxlaw-2791	998	16	tax	tax	NOUN
taxlaw-2791	998	17	law	law	NOUN
taxlaw-2791	998	18	.	.	PUNCT
taxlaw-2791	999	1	247	247	NUM
taxlaw-2791	999	2	(	(	PUNCT
taxlaw-2791	999	3	2007	2007	NUM
taxlaw-2791	999	4	)	)	PUNCT
taxlaw-2791	999	5	(	(	PUNCT
taxlaw-2791	999	6	discussing	discuss	VERB
taxlaw-2791	999	7	1954	1954	NUM
taxlaw-2791	999	8	reform	reform	NOUN
taxlaw-2791	999	9	and	and	CCONJ
taxlaw-2791	999	10	professor	professor	NOUN
taxlaw-2791	999	11	william	william	PROPN
taxlaw-2791	999	12	d.	d.	PROPN
taxlaw-2791	999	13	andrews	andrews	PROPN
taxlaw-2791	999	14	’	'	PUNCT
taxlaw-2791	999	15	more	more	ADV
taxlaw-2791	999	16	recent	recent	ADJ
taxlaw-2791	999	17	proposals	proposal	NOUN
taxlaw-2791	999	18	)	)	PUNCT
taxlaw-2791	999	19	.	.	PUNCT
taxlaw-2791	1000	1	167	167	NUM
taxlaw-2791	1000	2	.	.	PUNCT
taxlaw-2791	1001	1	while	while	SCONJ
taxlaw-2791	1001	2	prop	prop	NOUN
taxlaw-2791	1001	3	.	.	PUNCT
taxlaw-2791	1002	1	§	§	PROPN
taxlaw-2791	1002	2	710	710	NUM
taxlaw-2791	1002	3	is	be	AUX
taxlaw-2791	1002	4	more	more	ADV
taxlaw-2791	1002	5	favorable	favorable	ADJ
taxlaw-2791	1002	6	to	to	ADP
taxlaw-2791	1002	7	service	service	NOUN
taxlaw-2791	1002	8	providers	provider	NOUN
taxlaw-2791	1002	9	than	than	ADP
taxlaw-2791	1002	10	mckee	mckee	PROPN
taxlaw-2791	1002	11	’s	’s	PART
taxlaw-2791	1002	12	1977	1977	NUM
taxlaw-2791	1002	13	proposal	proposal	NOUN
taxlaw-2791	1002	14	,	,	PUNCT
taxlaw-2791	1002	15	the	the	DET
taxlaw-2791	1002	16	latter	latter	ADJ
taxlaw-2791	1002	17	predated	predate	VERB
taxlaw-2791	1002	18	the	the	DET
taxlaw-2791	1002	19	capital	capital	NOUN
taxlaw-2791	1002	20	account	account	NOUN
taxlaw-2791	1002	21	regime	regime	NOUN
taxlaw-2791	1002	22	of	of	ADP
taxlaw-2791	1002	23	which	which	PRON
taxlaw-2791	1002	24	mckee	mckee	PROPN
taxlaw-2791	1002	25	was	be	AUX
taxlaw-2791	1002	26	the	the	DET
taxlaw-2791	1002	27	architect	architect	NOUN
taxlaw-2791	1002	28	.	.	PUNCT
taxlaw-2791	1003	1	see	see	VERB
taxlaw-2791	1003	2	supra	supra	PROPN
taxlaw-2791	1003	3	notes	note	VERB
taxlaw-2791	1003	4	108–11	108–11	NOUN
taxlaw-2791	1003	5	and	and	CCONJ
taxlaw-2791	1003	6	accompanying	accompany	VERB
taxlaw-2791	1003	7	text	text	NOUN
taxlaw-2791	1003	8	;	;	PUNCT
taxlaw-2791	1003	9	see	see	VERB
taxlaw-2791	1003	10	also	also	ADV
taxlaw-2791	1003	11	abrams	abrams	PROPN
taxlaw-2791	1003	12	,	,	PUNCT
taxlaw-2791	1003	13	supra	supra	PROPN
taxlaw-2791	1003	14	note	note	NOUN
taxlaw-2791	1003	15	2	2	NUM
taxlaw-2791	1003	16	,	,	PUNCT
taxlaw-2791	1003	17	at	at	ADP
taxlaw-2791	1003	18	197	197	NUM
taxlaw-2791	1003	19	(	(	PUNCT
taxlaw-2791	1003	20	“	"	PUNCT
taxlaw-2791	1003	21	[	[	PUNCT
taxlaw-2791	1003	22	m]any	m]any	NOUN
taxlaw-2791	1003	23	have	have	AUX
taxlaw-2791	1003	24	come	come	VERB
taxlaw-2791	1003	25	before	before	ADV
taxlaw-2791	1003	26	,	,	PUNCT
taxlaw-2791	1003	27	with	with	ADP
taxlaw-2791	1003	28	essentially	essentially	ADV
taxlaw-2791	1003	29	the	the	DET
taxlaw-2791	1003	30	same	same	ADJ
taxlaw-2791	1003	31	arguments	argument	NOUN
taxlaw-2791	1003	32	leading	lead	VERB
taxlaw-2791	1003	33	to	to	ADP
taxlaw-2791	1003	34	the	the	DET
taxlaw-2791	1003	35	same	same	ADJ
taxlaw-2791	1003	36	proposed	propose	VERB
taxlaw-2791	1003	37	solutions	solution	NOUN
taxlaw-2791	1003	38	.	.	PUNCT
taxlaw-2791	1003	39	”	"	PUNCT
taxlaw-2791	1003	40	)	)	PUNCT
taxlaw-2791	1003	41	.	.	PUNCT
taxlaw-2791	1004	1	168	168	NUM
taxlaw-2791	1004	2	.	.	PUNCT
taxlaw-2791	1005	1	if	if	SCONJ
taxlaw-2791	1005	2	one	one	PRON
taxlaw-2791	1005	3	considers	consider	VERB
taxlaw-2791	1005	4	hedge	hedge	NOUN
taxlaw-2791	1005	5	funds	fund	NOUN
taxlaw-2791	1005	6	,	,	PUNCT
taxlaw-2791	1005	7	the	the	DET
taxlaw-2791	1005	8	“	"	PUNCT
taxlaw-2791	1005	9	tradeoff	tradeoff	NOUN
taxlaw-2791	1005	10	”	"	PUNCT
taxlaw-2791	1005	11	may	may	AUX
taxlaw-2791	1005	12	be	be	AUX
taxlaw-2791	1005	13	more	more	ADV
taxlaw-2791	1005	14	apparent	apparent	ADJ
taxlaw-2791	1005	15	than	than	ADP
taxlaw-2791	1005	16	real	real	ADJ
taxlaw-2791	1005	17	.	.	PUNCT
taxlaw-2791	1006	1	since	since	SCONJ
taxlaw-2791	1006	2	gp	gp	PROPN
taxlaw-2791	1006	3	’s	’s	PART
taxlaw-2791	1006	4	profits	profit	NOUN
taxlaw-2791	1006	5	(	(	PUNCT
taxlaw-2791	1006	6	as	as	ADP
taxlaw-2791	1006	7	hedge	hedge	NOUN
taxlaw-2791	1006	8	fund	fund	NOUN
taxlaw-2791	1006	9	manager	manager	NOUN
taxlaw-2791	1006	10	)	)	PUNCT
taxlaw-2791	1006	11	consist	consist	VERB
taxlaw-2791	1006	12	mostly	mostly	ADV
taxlaw-2791	1006	13	of	of	ADP
taxlaw-2791	1006	14	short	short	ADJ
taxlaw-2791	1006	15	-	-	PUNCT
taxlaw-2791	1006	16	term	term	NOUN
taxlaw-2791	1006	17	capital	capital	NOUN
taxlaw-2791	1006	18	gain	gain	NOUN
taxlaw-2791	1006	19	(	(	PUNCT
taxlaw-2791	1006	20	already	already	ADV
taxlaw-2791	1006	21	2010	2010	NUM
taxlaw-2791	1006	22	]	]	PUNCT
taxlaw-2791	1006	23	the	the	DET
taxlaw-2791	1006	24	sou	sou	PROPN
taxlaw-2791	1006	25	�	�	PROPN
taxlaw-2791	1006	26	d	d	PROPN
taxlaw-2791	1006	27	a	a	DET
taxlaw-2791	1006	28	�	�	PROPN
taxlaw-2791	1006	29	d	d	NOUN
taxlaw-2791	1006	30	fury	fury	NOUN
taxlaw-2791	1006	31	of	of	ADP
taxlaw-2791	1006	32	carried	carry	VERB
taxlaw-2791	1006	33	i	i	PRON
taxlaw-2791	1006	34	�	�	VERB
taxlaw-2791	1006	35	terest	ter	ADJ
taxlaw-2791	1006	36	reform	reform	NOUN
taxlaw-2791	1006	37	45	45	NUM
taxlaw-2791	1006	38	recharacterization	recharacterization	NOUN
taxlaw-2791	1006	39	approach	approach	NOUN
taxlaw-2791	1006	40	is	be	AUX
taxlaw-2791	1006	41	neither	neither	CCONJ
taxlaw-2791	1006	42	simple	simple	ADJ
taxlaw-2791	1006	43	nor	nor	CCONJ
taxlaw-2791	1006	44	straightforward	straightforward	ADJ
taxlaw-2791	1006	45	:	:	PUNCT
taxlaw-2791	1006	46	it	it	PRON
taxlaw-2791	1006	47	will	will	AUX
taxlaw-2791	1006	48	often	often	ADV
taxlaw-2791	1006	49	yield	yield	VERB
taxlaw-2791	1006	50	illogical	illogical	ADJ
taxlaw-2791	1006	51	results	result	NOUN
taxlaw-2791	1006	52	and	and	CCONJ
taxlaw-2791	1006	53	inevitably	inevitably	ADV
taxlaw-2791	1006	54	collide	collide	VERB
taxlaw-2791	1006	55	with	with	ADP
taxlaw-2791	1006	56	other	other	ADJ
taxlaw-2791	1006	57	provisions	provision	NOUN
taxlaw-2791	1006	58	of	of	ADP
taxlaw-2791	1006	59	subchapter	subchapter	NOUN
taxlaw-2791	1006	60	k.	k.	PROPN
taxlaw-2791	1007	1	having	having	AUX
taxlaw-2791	1007	2	helped	help	VERB
taxlaw-2791	1007	3	to	to	PART
taxlaw-2791	1007	4	identify	identify	VERB
taxlaw-2791	1007	5	important	important	ADJ
taxlaw-2791	1007	6	defects	defect	NOUN
taxlaw-2791	1007	7	in	in	ADP
taxlaw-2791	1007	8	the	the	DET
taxlaw-2791	1007	9	current	current	ADJ
taxlaw-2791	1007	10	proposal	proposal	NOUN
taxlaw-2791	1007	11	,	,	PUNCT
taxlaw-2791	1007	12	the	the	DET
taxlaw-2791	1007	13	partnership	partnership	NOUN
taxlaw-2791	1007	14	tax	tax	NOUN
taxlaw-2791	1007	15	bar	bar	NOUN
taxlaw-2791	1007	16	seems	seems	AUX
taxlaw-2791	1007	17	increasingly	increasingly	ADV
taxlaw-2791	1007	18	reconciled	reconcile	VERB
taxlaw-2791	1007	19	to	to	ADP
taxlaw-2791	1007	20	§	§	PROPN
taxlaw-2791	1007	21	710	710	NUM
taxlaw-2791	1007	22	's	's	PART
taxlaw-2791	1007	23	recharacterization	recharacterization	ADJ
taxlaw-2791	1007	24	approach	approach	NOUN
taxlaw-2791	1007	25	should	should	AUX
taxlaw-2791	1007	26	reform	reform	VERB
taxlaw-2791	1007	27	go	go	VERB
taxlaw-2791	1007	28	forward	forward	ADV
taxlaw-2791	1007	29	.	.	PUNCT
taxlaw-2791	1008	1	nevertheless	nevertheless	ADV
taxlaw-2791	1008	2	,	,	PUNCT
taxlaw-2791	1008	3	a	a	DET
taxlaw-2791	1008	4	“	"	PUNCT
taxlaw-2791	1008	5	workable	workable	ADJ
taxlaw-2791	1008	6	”	"	PUNCT
taxlaw-2791	1008	7	solution	solution	NOUN
taxlaw-2791	1008	8	from	from	ADP
taxlaw-2791	1008	9	the	the	DET
taxlaw-2791	1008	10	bar	bar	NOUN
taxlaw-2791	1008	11	’s	’s	PART
taxlaw-2791	1008	12	perspective	perspective	NOUN
taxlaw-2791	1008	13	may	may	AUX
taxlaw-2791	1008	14	be	be	AUX
taxlaw-2791	1008	15	quite	quite	ADV
taxlaw-2791	1008	16	different	different	ADJ
taxlaw-2791	1008	17	from	from	ADP
taxlaw-2791	1008	18	a	a	DET
taxlaw-2791	1008	19	coherent	coherent	ADJ
taxlaw-2791	1008	20	or	or	CCONJ
taxlaw-2791	1008	21	administrable	administrable	ADJ
taxlaw-2791	1008	22	reform	reform	NOUN
taxlaw-2791	1008	23	.	.	PUNCT
taxlaw-2791	1009	1	indeed	indeed	ADV
taxlaw-2791	1009	2	,	,	PUNCT
taxlaw-2791	1009	3	the	the	DET
taxlaw-2791	1009	4	current	current	ADJ
taxlaw-2791	1009	5	proposal	proposal	NOUN
taxlaw-2791	1009	6	’s	’s	PART
taxlaw-2791	1009	7	unintended	unintended	ADJ
taxlaw-2791	1009	8	effects	effect	NOUN
taxlaw-2791	1009	9	,	,	PUNCT
taxlaw-2791	1009	10	electivity	electivity	NOUN
taxlaw-2791	1009	11	,	,	PUNCT
taxlaw-2791	1009	12	and	and	CCONJ
taxlaw-2791	1009	13	lack	lack	NOUN
taxlaw-2791	1009	14	of	of	ADP
taxlaw-2791	1009	15	transparency	transparency	NOUN
taxlaw-2791	1009	16	illustrate	illustrate	VERB
taxlaw-2791	1009	17	why	why	SCONJ
taxlaw-2791	1009	18	it	it	PRON
taxlaw-2791	1009	19	is	be	AUX
taxlaw-2791	1009	20	essential	essential	ADJ
taxlaw-2791	1009	21	to	to	PART
taxlaw-2791	1009	22	consider	consider	VERB
taxlaw-2791	1009	23	tradeoffs	tradeoff	NOUN
taxlaw-2791	1009	24	and	and	CCONJ
taxlaw-2791	1009	25	implementation	implementation	NOUN
taxlaw-2791	1009	26	from	from	ADP
taxlaw-2791	1009	27	a	a	DET
taxlaw-2791	1009	28	joint	joint	ADJ
taxlaw-2791	1009	29	-	-	PUNCT
taxlaw-2791	1009	30	tax	tax	NOUN
taxlaw-2791	1009	31	perspective.169	perspective.169	PROPN
taxlaw-2791	1009	32	while	while	SCONJ
taxlaw-2791	1009	33	one	one	NUM
taxlaw-2791	1009	34	commentator	commentator	NOUN
taxlaw-2791	1009	35	has	have	AUX
taxlaw-2791	1009	36	dismissed	dismiss	VERB
taxlaw-2791	1009	37	the	the	DET
taxlaw-2791	1009	38	proposed	propose	VERB
taxlaw-2791	1009	39	reform	reform	NOUN
taxlaw-2791	1009	40	as	as	ADP
taxlaw-2791	1009	41	“	"	PUNCT
taxlaw-2791	1009	42	a	a	DET
taxlaw-2791	1009	43	bad	bad	ADJ
taxlaw-2791	1009	44	idea	idea	NOUN
taxlaw-2791	1009	45	badly	badly	ADV
taxlaw-2791	1009	46	executed	execute	VERB
taxlaw-2791	1009	47	”	"	PUNCT
taxlaw-2791	1009	48	that	that	PRON
taxlaw-2791	1009	49	deserves	deserve	VERB
taxlaw-2791	1009	50	to	to	PART
taxlaw-2791	1009	51	fail	fail	VERB
taxlaw-2791	1009	52	,	,	PUNCT
taxlaw-2791	1009	53	the	the	DET
taxlaw-2791	1009	54	dynamics	dynamic	NOUN
taxlaw-2791	1009	55	of	of	ADP
taxlaw-2791	1009	56	carried	carry	VERB
taxlaw-2791	1009	57	interest	interest	NOUN
taxlaw-2791	1009	58	legislation	legislation	NOUN
taxlaw-2791	1009	59	are	be	AUX
taxlaw-2791	1009	60	considerably	considerably	ADV
taxlaw-2791	1009	61	more	more	ADV
taxlaw-2791	1009	62	complex.170	complex.170	ADV
taxlaw-2791	1009	63	having	having	AUX
taxlaw-2791	1009	64	confidently	confidently	ADV
taxlaw-2791	1009	65	identified	identify	VERB
taxlaw-2791	1009	66	the	the	DET
taxlaw-2791	1009	67	underlying	underlying	ADJ
taxlaw-2791	1009	68	problem	problem	NOUN
taxlaw-2791	1009	69	as	as	ADP
taxlaw-2791	1009	70	one	one	NUM
taxlaw-2791	1009	71	-	-	PUNCT
taxlaw-2791	1009	72	sided	sided	ADJ
taxlaw-2791	1009	73	conversion	conversion	NOUN
taxlaw-2791	1009	74	and	and	CCONJ
taxlaw-2791	1009	75	deferral	deferral	ADJ
taxlaw-2791	1009	76	,	,	PUNCT
taxlaw-2791	1009	77	well	well	ADV
taxlaw-2791	1009	78	-	-	PUNCT
taxlaw-2791	1009	79	intentioned	intentione	VERB
taxlaw-2791	1009	80	reformers	reformer	NOUN
taxlaw-2791	1009	81	suggested	suggest	VERB
taxlaw-2791	1009	82	the	the	DET
taxlaw-2791	1009	83	purportedly	purportedly	ADV
taxlaw-2791	1009	84	simple	simple	ADJ
taxlaw-2791	1009	85	solution	solution	NOUN
taxlaw-2791	1009	86	of	of	ADP
taxlaw-2791	1009	87	recharacterizing	recharacterize	VERB
taxlaw-2791	1009	88	a	a	DET
taxlaw-2791	1009	89	service	service	NOUN
taxlaw-2791	1009	90	partner	partner	NOUN
taxlaw-2791	1009	91	’s	’s	PART
taxlaw-2791	1009	92	share	share	NOUN
taxlaw-2791	1009	93	of	of	ADP
taxlaw-2791	1009	94	partnership	partnership	NOUN
taxlaw-2791	1009	95	income	income	NOUN
taxlaw-2791	1009	96	.	.	PUNCT
taxlaw-2791	1010	1	unable	unable	ADJ
taxlaw-2791	1010	2	to	to	PART
taxlaw-2791	1010	3	craft	craft	VERB
taxlaw-2791	1010	4	workable	workable	ADJ
taxlaw-2791	1010	5	rules	rule	NOUN
taxlaw-2791	1010	6	implementing	implement	VERB
taxlaw-2791	1010	7	this	this	DET
taxlaw-2791	1010	8	simple	simple	ADJ
taxlaw-2791	1010	9	solution	solution	NOUN
taxlaw-2791	1010	10	,	,	PUNCT
taxlaw-2791	1010	11	congress	congress	PROPN
taxlaw-2791	1010	12	turned	turn	VERB
taxlaw-2791	1010	13	to	to	ADP
taxlaw-2791	1010	14	the	the	DET
taxlaw-2791	1010	15	partnership	partnership	NOUN
taxlaw-2791	1010	16	tax	tax	NOUN
taxlaw-2791	1010	17	bar	bar	NOUN
taxlaw-2791	1010	18	which	which	PRON
taxlaw-2791	1010	19	recommended	recommend	VERB
taxlaw-2791	1010	20	changes	change	NOUN
taxlaw-2791	1010	21	that	that	PRON
taxlaw-2791	1010	22	would	would	AUX
taxlaw-2791	1010	23	complicate	complicate	VERB
taxlaw-2791	1010	24	yet	yet	ADV
taxlaw-2791	1010	25	further	far	ADV
taxlaw-2791	1010	26	the	the	DET
taxlaw-2791	1010	27	existing	exist	VERB
taxlaw-2791	1010	28	partnership	partnership	NOUN
taxlaw-2791	1010	29	rules	rule	NOUN
taxlaw-2791	1010	30	,	,	PUNCT
taxlaw-2791	1010	31	without	without	ADP
taxlaw-2791	1010	32	adequately	adequately	ADV
taxlaw-2791	1010	33	addressing	address	VERB
taxlaw-2791	1010	34	potential	potential	ADJ
taxlaw-2791	1010	35	joint	joint	ADJ
taxlaw-2791	1010	36	-	-	PUNCT
taxlaw-2791	1010	37	tax	tax	NOUN
taxlaw-2791	1010	38	arbitrage	arbitrage	NOUN
taxlaw-2791	1010	39	.	.	PUNCT
taxlaw-2791	1011	1	indeed	indeed	ADV
taxlaw-2791	1011	2	,	,	PUNCT
taxlaw-2791	1011	3	under	under	ADP
taxlaw-2791	1011	4	the	the	DET
taxlaw-2791	1011	5	administration	administration	NOUN
taxlaw-2791	1011	6	’s	’s	PART
taxlaw-2791	1011	7	budget	budget	NOUN
taxlaw-2791	1011	8	proposal	proposal	NOUN
taxlaw-2791	1011	9	,	,	PUNCT
taxlaw-2791	1011	10	the	the	DET
taxlaw-2791	1011	11	carried	carry	VERB
taxlaw-2791	1011	12	interest	interest	NOUN
taxlaw-2791	1011	13	legislation	legislation	NOUN
taxlaw-2791	1011	14	could	could	AUX
taxlaw-2791	1011	15	potentially	potentially	ADV
taxlaw-2791	1011	16	affect	affect	VERB
taxlaw-2791	1011	17	service	service	NOUN
taxlaw-2791	1011	18	partners	partner	NOUN
taxlaw-2791	1011	19	in	in	ADP
taxlaw-2791	1011	20	all	all	DET
taxlaw-2791	1011	21	partnerships	partnership	NOUN
taxlaw-2791	1011	22	,	,	PUNCT
taxlaw-2791	1011	23	inflicting	inflict	VERB
taxlaw-2791	1011	24	considerable	considerable	ADJ
taxlaw-2791	1011	25	damage	damage	NOUN
taxlaw-2791	1011	26	on	on	ADP
taxlaw-2791	1011	27	routine	routine	ADJ
taxlaw-2791	1011	28	business	business	NOUN
taxlaw-2791	1011	29	arrangements	arrangement	NOUN
taxlaw-2791	1011	30	that	that	PRON
taxlaw-2791	1011	31	pose	pose	VERB
taxlaw-2791	1011	32	little	little	ADJ
taxlaw-2791	1011	33	or	or	CCONJ
taxlaw-2791	1011	34	no	no	PRON
taxlaw-2791	1011	35	potential	potential	NOUN
taxlaw-2791	1011	36	for	for	ADP
taxlaw-2791	1011	37	abuse	abuse	NOUN
taxlaw-2791	1011	38	.	.	PUNCT
taxlaw-2791	1012	1	rather	rather	ADV
taxlaw-2791	1012	2	than	than	ADP
taxlaw-2791	1012	3	enact	enact	VERB
taxlaw-2791	1012	4	complex	complex	ADJ
taxlaw-2791	1012	5	legislation	legislation	NOUN
taxlaw-2791	1012	6	of	of	ADP
taxlaw-2791	1012	7	uncertain	uncertain	ADJ
taxlaw-2791	1012	8	scope	scope	NOUN
taxlaw-2791	1012	9	,	,	PUNCT
taxlaw-2791	1012	10	congress	congress	PROPN
taxlaw-2791	1012	11	should	should	AUX
taxlaw-2791	1012	12	consider	consider	VERB
taxlaw-2791	1012	13	delegating	delegate	VERB
taxlaw-2791	1012	14	authority	authority	NOUN
taxlaw-2791	1012	15	to	to	PART
taxlaw-2791	1012	16	treasury	treasury	VERB
taxlaw-2791	1012	17	under	under	ADP
taxlaw-2791	1012	18	existing	exist	VERB
taxlaw-2791	1012	19	provisions	provision	NOUN
taxlaw-2791	1012	20	to	to	PART
taxlaw-2791	1012	21	address	address	VERB
taxlaw-2791	1012	22	capital	capital	NOUN
taxlaw-2791	1012	23	-	-	PUNCT
taxlaw-2791	1012	24	gain	gain	NOUN
taxlaw-2791	1012	25	conversion	conversion	NOUN
taxlaw-2791	1012	26	and	and	CCONJ
taxlaw-2791	1012	27	limit	limit	VERB
taxlaw-2791	1012	28	advantageous	advantageous	ADJ
taxlaw-2791	1012	29	trading	trading	NOUN
taxlaw-2791	1012	30	of	of	ADP
taxlaw-2791	1012	31	tax	tax	NOUN
taxlaw-2791	1012	32	characteristics	characteristic	NOUN
taxlaw-2791	1012	33	.	.	PUNCT
taxlaw-2791	1013	1	taxed	tax	VERB
taxlaw-2791	1013	2	essentially	essentially	ADV
taxlaw-2791	1013	3	like	like	ADP
taxlaw-2791	1013	4	ordinary	ordinary	ADJ
taxlaw-2791	1013	5	income	income	NOUN
taxlaw-2791	1013	6	)	)	PUNCT
taxlaw-2791	1013	7	,	,	PUNCT
taxlaw-2791	1013	8	prop	prop	NOUN
taxlaw-2791	1013	9	.	.	PUNCT
taxlaw-2791	1014	1	§	§	PROPN
taxlaw-2791	1014	2	710	710	NUM
taxlaw-2791	1014	3	would	would	AUX
taxlaw-2791	1014	4	affect	affect	VERB
taxlaw-2791	1014	5	mainly	mainly	ADV
taxlaw-2791	1014	6	the	the	DET
taxlaw-2791	1014	7	character	character	NOUN
taxlaw-2791	1014	8	of	of	ADP
taxlaw-2791	1014	9	gain	gain	NOUN
taxlaw-2791	1014	10	(	(	PUNCT
taxlaw-2791	1014	11	ordinary	ordinary	ADJ
taxlaw-2791	1014	12	or	or	CCONJ
taxlaw-2791	1014	13	capital	capital	NOUN
taxlaw-2791	1014	14	)	)	PUNCT
taxlaw-2791	1014	15	on	on	ADP
taxlaw-2791	1014	16	sale	sale	NOUN
taxlaw-2791	1014	17	of	of	ADP
taxlaw-2791	1014	18	a	a	DET
taxlaw-2791	1014	19	hedge	hedge	NOUN
taxlaw-2791	1014	20	fund	fund	NOUN
taxlaw-2791	1014	21	manager	manager	NOUN
taxlaw-2791	1014	22	’s	’s	PART
taxlaw-2791	1014	23	interest	interest	NOUN
taxlaw-2791	1014	24	.	.	PUNCT
taxlaw-2791	1015	1	cf	cf	NOUN
taxlaw-2791	1015	2	.	.	PUNCT
taxlaw-2791	1016	1	kingson	kingson	PROPN
taxlaw-2791	1016	2	,	,	PUNCT
taxlaw-2791	1016	3	carried	carry	VERB
taxlaw-2791	1016	4	interests	interest	NOUN
taxlaw-2791	1016	5	:	:	PUNCT
taxlaw-2791	1016	6	an	an	DET
taxlaw-2791	1016	7	outdated	outdated	ADJ
taxlaw-2791	1016	8	term	term	NOUN
taxlaw-2791	1016	9	?	?	PUNCT
taxlaw-2791	1016	10	,	,	PUNCT
taxlaw-2791	1016	11	supra	supra	PROPN
taxlaw-2791	1016	12	note	note	PROPN
taxlaw-2791	1016	13	70	70	NUM
taxlaw-2791	1016	14	,	,	PUNCT
taxlaw-2791	1016	15	at	at	ADP
taxlaw-2791	1016	16	127	127	NUM
taxlaw-2791	1016	17	(	(	PUNCT
taxlaw-2791	1016	18	current	current	ADJ
taxlaw-2791	1016	19	case	case	NOUN
taxlaw-2791	1016	20	law	law	NOUN
taxlaw-2791	1016	21	refutes	refute	VERB
taxlaw-2791	1016	22	the	the	DET
taxlaw-2791	1016	23	claim	claim	NOUN
taxlaw-2791	1016	24	that	that	SCONJ
taxlaw-2791	1016	25	sale	sale	NOUN
taxlaw-2791	1016	26	of	of	ADP
taxlaw-2791	1016	27	“	"	PUNCT
taxlaw-2791	1016	28	contracts	contract	NOUN
taxlaw-2791	1016	29	to	to	PART
taxlaw-2791	1016	30	manage	manage	VERB
taxlaw-2791	1016	31	[	[	X
taxlaw-2791	1016	32	a	a	X
taxlaw-2791	1016	33	]	]	X
taxlaw-2791	1016	34	hedge	hedge	NOUN
taxlaw-2791	1016	35	fund	fund	NOUN
taxlaw-2791	1016	36	”	"	PUNCT
taxlaw-2791	1016	37	results	result	NOUN
taxlaw-2791	1016	38	in	in	ADP
taxlaw-2791	1016	39	capital	capital	NOUN
taxlaw-2791	1016	40	gain	gain	NOUN
taxlaw-2791	1016	41	)	)	PUNCT
taxlaw-2791	1016	42	.	.	PUNCT
taxlaw-2791	1017	1	169	169	NUM
taxlaw-2791	1017	2	.	.	PUNCT
taxlaw-2791	1018	1	from	from	ADP
taxlaw-2791	1018	2	a	a	DET
taxlaw-2791	1018	3	“	"	PUNCT
taxlaw-2791	1018	4	global	global	ADJ
taxlaw-2791	1018	5	”	"	PUNCT
taxlaw-2791	1018	6	perspective	perspective	NOUN
taxlaw-2791	1018	7	,	,	PUNCT
taxlaw-2791	1018	8	it	it	PRON
taxlaw-2791	1018	9	is	be	AUX
taxlaw-2791	1018	10	important	important	ADJ
taxlaw-2791	1018	11	to	to	PART
taxlaw-2791	1018	12	consider	consider	VERB
taxlaw-2791	1018	13	the	the	DET
taxlaw-2791	1018	14	government	government	NOUN
taxlaw-2791	1018	15	’s	’s	PART
taxlaw-2791	1018	16	limited	limit	VERB
taxlaw-2791	1018	17	resources	resource	NOUN
taxlaw-2791	1018	18	to	to	PART
taxlaw-2791	1018	19	enforce	enforce	VERB
taxlaw-2791	1018	20	any	any	DET
taxlaw-2791	1018	21	solution	solution	NOUN
taxlaw-2791	1018	22	without	without	ADP
taxlaw-2791	1018	23	diverting	divert	VERB
taxlaw-2791	1018	24	attention	attention	NOUN
taxlaw-2791	1018	25	from	from	ADP
taxlaw-2791	1018	26	other	other	ADJ
taxlaw-2791	1018	27	partnership	partnership	NOUN
taxlaw-2791	1018	28	abuses	abuse	NOUN
taxlaw-2791	1018	29	.	.	PUNCT
taxlaw-2791	1019	1	see	see	VERB
taxlaw-2791	1019	2	walker	walker	PROPN
taxlaw-2791	1019	3	,	,	PUNCT
taxlaw-2791	1019	4	supra	supra	PROPN
taxlaw-2791	1019	5	note	note	PROPN
taxlaw-2791	1019	6	5	5	NUM
taxlaw-2791	1019	7	,	,	PUNCT
taxlaw-2791	1019	8	at	at	ADP
taxlaw-2791	1019	9	699	699	NUM
taxlaw-2791	1019	10	n.10	n.10	ADP
taxlaw-2791	1019	11	(	(	PUNCT
taxlaw-2791	1019	12	adopting	adopt	VERB
taxlaw-2791	1019	13	the	the	DET
taxlaw-2791	1019	14	term	term	NOUN
taxlaw-2791	1019	15	“	"	PUNCT
taxlaw-2791	1019	16	global	global	ADJ
taxlaw-2791	1019	17	”	"	PUNCT
taxlaw-2791	1019	18	to	to	PART
taxlaw-2791	1019	19	describe	describe	VERB
taxlaw-2791	1019	20	the	the	DET
taxlaw-2791	1019	21	employeremployee	employeremployee	NOUN
taxlaw-2791	1019	22	joint	joint	ADJ
taxlaw-2791	1019	23	-	-	PUNCT
taxlaw-2791	1019	24	tax	tax	NOUN
taxlaw-2791	1019	25	perspective	perspective	NOUN
taxlaw-2791	1019	26	and	and	CCONJ
taxlaw-2791	1019	27	specifically	specifically	ADV
taxlaw-2791	1019	28	referring	refer	VERB
taxlaw-2791	1019	29	to	to	ADP
taxlaw-2791	1019	30	“	"	PUNCT
taxlaw-2791	1019	31	the	the	DET
taxlaw-2791	1019	32	third	third	ADJ
taxlaw-2791	1019	33	actor	actor	NOUN
taxlaw-2791	1019	34	in	in	ADP
taxlaw-2791	1019	35	this	this	DET
taxlaw-2791	1019	36	play	play	NOUN
taxlaw-2791	1019	37	,	,	PUNCT
taxlaw-2791	1019	38	the	the	DET
taxlaw-2791	1019	39	treasury	treasury	NOUN
taxlaw-2791	1019	40	”	"	PUNCT
taxlaw-2791	1019	41	)	)	PUNCT
taxlaw-2791	1019	42	.	.	PUNCT
taxlaw-2791	1020	1	170	170	NUM
taxlaw-2791	1020	2	.	.	X
taxlaw-2791	1020	3	abrams	abrams	PROPN
taxlaw-2791	1020	4	,	,	PUNCT
taxlaw-2791	1020	5	supra	supra	PROPN
taxlaw-2791	1020	6	note	note	NOUN
taxlaw-2791	1020	7	2	2	NUM
taxlaw-2791	1020	8	,	,	PUNCT
taxlaw-2791	1020	9	at	at	ADP
taxlaw-2791	1020	10	227	227	NUM
taxlaw-2791	1020	11	.	.	PUNCT