When refinancing, loan interest can be deductible to a partnership

A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may incur. A

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2 minute quiz: Partnerships

  How well do you understand the taxation of partnerships? Try this 2 minute quiz: Partnerships questions to find out (answers are at the bottom of this screen). Question 1: Which of the following is the definition of a tax law partnership? An association of persons (other than a company or a limited partnership) carrying

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