Partnership Adjustment definition

Partnership Adjustment shall have the meaning set forth in Section 6.18(b)(i).

Partnership Adjustment means any adjustment to a partnership-related item.

Partnership Adjustment shall have the meaning set forth in Section 9.1(d).

Examples of Partnership Adjustment in a sentence

• The members will be notified through an announcement approximately 10 minutes before we expect to come back.The House will be in recess until the call of the Speaker.

• A Partnership subject to a Partnership Level Audit that has made or been deemed to have made an election pursuant to subsection C(3)(a)(ii) shall, within one hundred eighty (180) days of the Final Determination Date, file a State Partnership Adjustment Report with the [State Agency], pay the additional [State] tax owed by Composite Returns Partners, and withhold and remit the tax owed by Withholding Partners.

• In the event the Tiered Partner makes an election or is deemed to have made an election pursuant to subsection C(3)(a)(i), the Tiered Partner shall file a State Partnership Adjustment Report with [State Agency] and pay the additional [State] tax owed on behalf of its partners within ninety (90) days from the date the Amended State Schedule K-1 was mailed to the Tiered Partner.

• A Partnership subject to a Partnership Level Audit that has made or been deemed to have made an election pursuant to subsection C(3)(a)(i) shall, within one hundred eighty(180) days of the Final Determination Date, file a State Partnership Adjustment Report with the [State Agency] and pay the additional [State] tax owed on behalf of its partners.

• File a State Partnership Adjustment Report with [State Agency], pay the additional [State] tax owed by Composite Return Partners, and withhold and remit the [State] tax owed by Withholding Partners, within ninety (90) days from the date the Amended State Schedule K-1 was mailed to the Tiered Partner.

More Definitions of Partnership Adjustment

Partnership Adjustment. (as defined in Section 6241(2) of the Code) is finally determined with respect to the Company and the Tax Representative has not caused the Company to make the election under Section 6226 of the Code, then (i) the Members shall take such actions requested by the Tax Representative, including filing amended tax returns and paying any tax due in accordance with Section 6225(c)(2) of the Code; (ii) the Members shall cooperate with the Tax Representative’s efforts to reduce any imputed underpayment with respect to such Partnership Adjustment and shall promptly provide any information reasonably requested by the Tax Representative in connection with such efforts; and (iii) any imputed underpayment (or Partnership Adjustment that does not give rise to an imputed underpayment) shall be apportioned among the Members of the Company for the Fiscal Year in which such Partnership Adjustment is finalized in such manner as may be required (as determined by the Tax Representative) so that, to the maximum extent possible, the tax and economic consequences of the Partnership Adjustment and any associated interest and penalties are borne by the Members (including between former and current Members) based upon their interests in the Company for the “Reviewed Year” (as defined in Section 6225(d)(1) of the Code).

Partnership Adjustment is determined with respect to the Company, the Partnership Representative shall promptly notify the Members of receipt of a notice of final partnership adjustment (“NFPA”). The Manager shall determine whether to file a petition in Tax Court, cause the Company to pay the amount of the Partnership Adjustment or make the election under Code Section 6226 and notify the Partnership Representative in writing within ten (10) days of their receipt of notice of the NFPA of their recommended action or actions.

Partnership Adjustment means any adjustment in

Partnership Adjustment. Any adjustment to any “partnership- related item”, as such term is defined in Code Section 6241(2), or any Partner’s distributive share thereof, in any case as described in any applicable Regulations or other guidance prescribed by the IRS. Pass-through Partner: A pass-through entity that holds an interest in the Partnership, including a partnership (as described in Treas. Reg. § 301.7701-2(c)(1) including a foreign entity that is classified as a partnership under Treas. Reg. § 301.7701-3(b)(2)(i)(A) or (c), an S corporation, a trust (other than a trust described in the next sentence) and a decedent’s estate. For purposes of this definition, a pass-through entity does not include a disregarded entity described in Treas. Reg. § 301.7701-2(c)(2)(i) or a trust that is wholly owned by only one Person, whether the grantor or another Person, and the trust reports the owner’s information to payors under Treas. Reg. § 1.671-4(b)(2)(i)(A). Reviewed Year: The Partnership taxable year to which a Partnership Adjustment relates.

Partnership Adjustment means an y adjustment in t he amount of an y partnership item of an electing large partnership.

Partnership Adjustment means any adjust- ment in the amount of any item of income, gain, loss, deduction, or credit of a partner- ship, or any partner’s distributive share thereof.

Partnership Adjustment means any adjustment in the amount of any item of income, gain, loss, deduction, or credit of a partnership, or any partner’s distributive share thereof.