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Tax 101: Taxation of Intellectual Property – Selected Issues Involving Corporations and Partnerships

Volume 4 No 8    /    Read Article

By Stanley C. Ruchelman and Elizabeth V. Zanet

Tax 101 continues its series regarding the U.S. Federal tax considerations involving the creation, acquisition, use, license, and disposition of intellectual property (“I.P.”). This month, Elizabeth V. Zanet and Stanley C. Ruchelman focus on I.P. held through a corporation or a partnership/L.L.C. In particular, the not-well-understood rules regarding the sale of interests in a partnerships/L.L.C.’s owning “hot assets” are explained. Not all gain benefits from favorable long-term capital gains tax rates.    See more →