IS WIFES SALARY AN ALLOWABLE DEDUCTION FROM UNINCORPORATED BUSINESS GROSS INCOME?
Yes, if she is a bona fide employee and the recipient of reasonable compensation for the services rendered. TWO PARTNERSHIPS ARE OWNED BY THE SAME EQUAL PARTNERS. ARE THESE PARTNERSHIPS TREATED AS ONE UNINCORPORATED BUSINESS? Yes WHAT IF THE INTERESTS OF EACH PARTNER IS DIFFERENT IN EACH PARTNERSHIP? The partnerships would still be treated as one unincorporated business. ASSUME THERE ARE THREE DIFFERENT PARTNERSHIPS (AB, AC AND AD) INVOLVING PARTNERS, A, B, C AND D. NONE OF THE PARTNERSHIPS BY ITSELF MEET THE THRESHOLD REQUIREMENTS. COMBINED, THE PARTNERSHIPS MEET THE THRESHOLD. HOW IS THE TAX COMPUTED? Each partnership, because it is not part of one entity carrying on two or more unincorporated businesses, must meet the threshold test itself. UNDER WHAT CIRCUMSTANCES WILL A PERSON WHO IS A PARTNER BE TREATED OTHER THAN IN HIS CAPACITY AS A PARTNER IN COMPUTING THE DEDUCTION ALLOWED BY SECTION 4? If services rendered by the partner to the partnership are unrelated to the business activ
