id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-442	Lokken, Lawrence	Taxation of Private Business Firms: Imagining a Future Without Subchapter K	2022	38	.pdf	application/pdf	15917	609	49	The approach of allocating partnership income among the returns of the partners, rather than taxing the partnership on the income, is an aggregate concept, but even the implementation of that approach has strong entity aspects. By treating a partnership as an entity separate from its partners and a partnership interest as an interest in an entity, not a collection of proportionate interests in partnership assets, the law allows partners to share partnership income, deductions, and property in ways that practically suit their business or investment goals, without unwanted tax consequences springing out of shifts in their claims to partnership property.	cache/ftr-442.pdf	txt/ftr-442.txt