The document discusses the tax implications for partners in the Alpha Group Capital Partnership, including federal, state, and local tax considerations. It highlights the requirement for partners to report certain transactions using Form 8886 and the penalties for non-compliance. It also addresses the potential state and local tax consequences and the need for partners to consult tax advisers.
doj/DataSet10/EFTA01384701.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Alpha Group Capital","Service's Office of Tax Shelter Analysis"],"reference_numbers":["DOC ID- 10746057.132","DB-SDNY-0085128","SDNY_GM_00231312","EFTA01384701"]}