HOUSE_OVERSIGHT_024575.jpg
2.87 MB
Extraction Summary
0
People
6
Organizations
1
Locations
1
Events
2
Relationships
3
Quotes
Document Information
Type:
Legal/financial document (offering memorandum or prospectus)
File Size:
2.87 MB
Summary
This document is page 142 of a legal memorandum or prospectus, stamped HOUSE_OVERSIGHT_024575, detailing the U.S. federal income taxation rules for partners in an entity named KUE. It discusses 'anti-inversion legislation,' the acquisition of entities 'KLC' and 'k12', and specific valuations for LP Units ($999) and GP Shares ($1). The text outlines tax liabilities, the flow-through of taxable income, and potential IRS challenges regarding allocation provisions.
Organizations (6)
| Name | Type | Context |
|---|---|---|
| KUE | ||
| KLC | ||
| k12 | ||
| Internal Revenue Service (IRS) | ||
| U.S. Treasury | ||
| House Oversight Committee |
Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"We will treat the fair market value of each Common LP Share at $999 and the fair market value of each GP Share as $1."Source
HOUSE_OVERSIGHT_024575.jpg
Quote #1
"KUE believes that it is not currently a publicly traded partnership and does not intend to become a publicly traded partnership within two years of this offering or the acquisition of KLC and k12."Source
HOUSE_OVERSIGHT_024575.jpg
Quote #2
"The IRS may challenge the manner in which income, gains, losses and deductions are allocated..."Source
HOUSE_OVERSIGHT_024575.jpg
Quote #3
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