Home > Iowa State University Digital Press > Journals > Agricultural Law Digest > Vol. 21 (2010) > No. 17
Article Title
Abstract
A 2010 Tax Court case addressed the informality of a father-son farming operation that had been running for more than three decades.1 The gist of the controversy was that the father and son shared the income roughly on a 50-50 basis but the father consistently claimed more than 50 percent of the expenses which were used to offset a profitable accounting practice that, in the years in question, generated an average of $253,365 in Schedule K-1 income.2
Recommended Citation
Harl, Neil E.
(2010)
"When Is An Operating Arrangement a Partnership?,"
Agricultural Law Digest: Vol. 21
:
No.
17
, Article 1.
Available at:
https://lib.dr.iastate.edu/aglawdigest/vol21/iss17/1
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