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Insights on Partnership Taxation, K-1s, and Multi-Member Entity Strategy

July 24, 2026

IRS Partnership Audit Rules 2026: What Every Multi-Member LLC Owner Must Know

The IRS can now audit your partnership entity and collect tax directly from the business at a 37% rate -- without ever touching your personal return. Here is how the BBA centralized audit regime works and how to protect yourself.

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July 13, 2026

How to Track Partner Outside Basis in a Partnership: The Number That Controls Everything

Outside basis controls your loss deductions, whether distributions are taxable, and your gain when you sell. Most partners never track it -- and it costs them. Here is the step-by-step method.

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July 6, 2026

Guaranteed Payments to Partners: Tax Treatment, SE Tax, and When to Use Them

Guaranteed payments are owed to the active partner whether the partnership makes money or not -- but they trigger self-employment tax and lose the 199A deduction. Here is how to decide if they are worth it.

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July 3, 2026

The OBBBA Made the 20% Pass-Through Deduction Permanent: What Partnership Owners Need to Know

The QBI deduction is now permanent and the phase-in ranges have expanded. Here is exactly what the One Big Beautiful Bill Act changed for partnership owners in 2026 -- and what to do about it.

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June 29, 2026

What Is a Schedule K-1 and Why Does It Matter for Your Taxes

If you own a piece of a partnership, you are going to receive a Schedule K-1 every year. Here is what each box means, how it flows to your personal return, and the mistakes that cost partners thousands.

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June 29, 2026

Special Allocations in Partnerships: How to Split Income and Losses Strategically

Partnerships do not have to split profits 50/50. Special allocations let you direct income, losses, and deductions where they save the most in taxes -- if you follow the IRS rules.

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June 29, 2026

Section 754 Election: The Most Overlooked Tax Benefit for Partners

When a partner buys into a partnership at a premium or a partner passes away, a Section 754 election can save the incoming partner significant tax. Most partnerships never make the election -- and it costs them.

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June 29, 2026

Partnership vs LLC: Which Structure Saves You More in Taxes

General partnerships, limited partnerships, LLCs, and LLPs all have different tax and liability implications. Here is how to pick the right structure for your business and your tax situation.

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