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What tax issues should helen and helga consider

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Reference no: EM133017551

Question - Helen and Helga are equal partners in the HH partnership. However, Helen devotes most of her time managing the business and believes that should be given additional compensation in the form of a guaranteed payment.

Currently the partnership operation at breakeven point.

The basis of each partnership interest also are negligible.

Helen has requested 40,000 guaranteed payment compensation for her additional efforts.

What tax issues should Helen and Helga consider?

Reference no: EM133017551

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