Partnership Tax Allocation Services

Since 2005, Crimson Tree Software and KPMG have partnered to provide tax advice to partnership entities with complex tax allocation issues.

Our combined team consists of business line tax professionals, national office tax experts, and business-savvy software engineers.

Taking a comprehensive, multi-disciplinary approach, we expertly solve difficult problems in partnership taxation, including:

• Allocation of depreciation expenses, following the remedial, traditional, curative, and traditional with back-end curative methods.
  
• Allocation of gains relating to the dispositions of assets.
  
• Allocation of miscellaneous income and expenses.
• Allocation of §752 nonrecourse liability.
  
• Transfers of partnership units and §743(b) adjustments.
  
• Redemptions of partnership units and §734(b) adjustments.
  
• Revaluation of partnership property.

For more information about our services and software, please contact us.