Joint ventures and electing out of Subchapter K:

  • Tax partnerships;
    • Election out of Subchapter K;
    • Operating Agreements;
    • Requirements for election out of Subchapter K; and
    • Two ways to elect out of Subchapter K;
  • Check the box regulations under 301.7701;
  • Gas balancing agreements:
    • Purpose;
    • Accounting for imbalances;
    • Past industry practice; and
    • Cumulative gas balancing method.