Legal Opinions and Accountant Certifications, Volume 1Practising Law Institute, 1975 - Accountants |
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Page 141
... Loss , if any , would be capital loss . Accordingly , if a Limited Partner were a dealer in securities as to his Units , there would be no substantial adverse effect in the case of a sale at a gain ; loss would be ordinary loss rather ...
... Loss , if any , would be capital loss . Accordingly , if a Limited Partner were a dealer in securities as to his Units , there would be no substantial adverse effect in the case of a sale at a gain ; loss would be ordinary loss rather ...
Page 149
... loss independently of tax consequences . . . " As Abandonmnet Loss Costs are actually paid from Partici- pants ' subscriptions or share of revenues , we are of the opinion the allocation does have substantial economic effect and ...
... loss independently of tax consequences . . . " As Abandonmnet Loss Costs are actually paid from Partici- pants ' subscriptions or share of revenues , we are of the opinion the allocation does have substantial economic effect and ...
Page 417
... loss , deduction or credit of the Partnership allocated to him by the Partnership Agreement : provided , that his distributive share of losses ( including capital losses ) of the Partner- ship will be allowed only to the extent of an ...
... loss , deduction or credit of the Partnership allocated to him by the Partnership Agreement : provided , that his distributive share of losses ( including capital losses ) of the Partner- ship will be allowed only to the extent of an ...
Contents
LEGAL OPINIONS AND ACCOUNTANT CERTIFICATIONS | 8 |
The Formal Opinion Letter | 17 |
4 | 65 |
Copyright | |
17 other sections not shown
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accounting action additional adviser Agent Agreement alleges amended amount applicable assets Association attorney audit authority basis believe certificate client Code Commission common stock Company complaint conduct connection considered corporation counsel Court damages defendants determination directors disclosure distribution documents duty effect evidence examination Exchange exemption existing facts Federal filed further give given Glen Alden income interest Internal Revenue Internal Revenue Code investment involved issued issuer lawyer letter liability Limited Partners limited partnership loss material matter McCrory meaning merger Note offering officer operations opinion person position practice preparation present prior proceedings professional proposed purchase pursuant question Rapid reasonable receivable referred registration regulations represent respect responsibility result Rule Schenley securities Securities Act Service shares standards statements stockholders subsidiaries tion transaction United Valley violation York