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Which of the following is not a good reason to form a family partnership? a.Income can be shifted to lower-tax-rate indi...

Which of the following is not a good reason to form a family partnership?

a.Income can be shifted to lower-tax-rate individuals

b.A buy-sell agreement can ensure that all ownership interests are retained in the family

c.No gift tax is due on the transfer

d.Non-voting interests can be given to younger family members to ensure the older generation maintains operational control

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Answer is highlighted in yellow: Solution: Answer Explanation: c.No gift tax due on the transfer This is not the reason of cr

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