Phantom Tax mainly incurs to investors in partnerships, S corporations, and some forms of investment entities consisting of mutual funds or REITs. These entities transfer income to investors, who are charged with recognizing and remitting taxes on these amounts notwithstanding the lack of receipt of cash at the investors’ end.
Announcement
Collapse
No announcement yet.
Who is most likely to be affected by Phantom Tax?
Collapse
X
-
Who is most likely to be affected by Phantom Tax?
Phantom Tax mainly incurs to investors in partnerships, S corporations, and some forms of investment entities consisting of mutual funds or REITs. These entities transfer income to investors, who are charged with recognizing and remitting taxes on these amounts notwithstanding the lack of receipt of cash at the investors’ end.
Tags: None