A. One of the "problems" they were trying to fix related to Social Security. If you split the income from a farm or other small business using that IRS partnership arrangement, both spouses can qualify for their own Social Security retirement and disability benefits.
B. Partnerships have many other useful applications if you want or need to allocate income or expenses or other things from a single business activity among a group of people.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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