Common use of Tax Year and Accounting Method Clause in Contracts

Tax Year and Accounting Method. The tax year of this General Partnership shall be . The Partnership shall use the method of accounting. Both the tax year and the accounting period of the Partnership may be changed with the consent of all partners if the Partnership qualifies for such change, and may be affected by the filing of appropriate forms with the IRS and state tax authorities.

Appears in 4 contracts

Samples: General Partnership Agreement, General Partnership Agreement, General Partnership Agreement

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Tax Year and Accounting Method. The tax year of this General Partnership shall be ______________________. The Partnership shall use the __________________ method of accounting. Both the tax year and the accounting period of the Partnership may be changed with the consent of all partners if the Partnership qualifies for such change, and may be affected by the filing of appropriate forms with the IRS and state tax authorities.

Appears in 1 contract

Samples: General Partnership Agreement

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