Income tax issues on the death of a member of a professional service LLC.
Excerpt: “The scope of the analysis below is limited to the tax consequences of lump-sum cash payments to the SI solely in exchange for her interest in the LLC’s property…The more significant tax concepts…can be best understood by analyzing the tax consequences triggered by a lump-sum cash payment, and space limitations require that we not examine every conceivable issue.” (p..358)
Journal of Taxation
Dickerson, T. J., Fellows, J. A., & Yuhas, M. A. (2003). Income tax issues on the death of a member of a professional service LLC. Journal of Taxation, 99(6), 358-371.
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