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Recourse and Concourse Debt for Partnerships Minimizing the Tax Impact of Partner Liability and Debt Allocations Under Sections 752 and 704 THURSDAY, DECEMBER 5, 2013, 1:002:50 pm Eastern IMPORTANT
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What is recourse and non?
Recourse and non-recourse refer to the two types of loans. Recourse loans allow the lender to seize assets of the borrower if they default, while non-recourse loans do not.
Who is required to file recourse and non?
Borrowers and lenders are required to understand the terms of the loan, whether it is recourse or non-recourse.
How to fill out recourse and non?
Recourse and non-recourse terms should be clearly outlined in the loan agreement.
What is the purpose of recourse and non?
The purpose of recourse and non-recourse terms is to determine the level of risk for the lender and borrower.
What information must be reported on recourse and non?
The terms of the loan, including recourse or non-recourse status, must be reported.
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