Tonkon Torp partner Gwen Griffith spoke at the Mid-Valley Tax Forum on September 18 about partnership capital accounts and how they operate in Oregon. She shared background on the original intent of capital accounts, why they are only available for general partnerships, and how they can and can’t be utilized by partners. Using a number of different partnership scenarios, she shared details on how capital accounts are computed and reported, and talked proactive maintenance, allocations, and transfers.
The Mid-Valley Tax Forum is a monthly series hosted by the Oregon State Bar Taxation Section.
Gwen's tax practice includes advice to individuals, businesses, nonprofit entities, and local governments on federal and state tax issues. She is experienced in corporate, partnership, and individual taxation matters, as well as the income tax and transfer tax issues of trusts and estates. Gwen serves on the Advisory Board of The Tax Advisor, the publication of the American Institute of CPAs, is a frequent speaker on tax issues, and is an author of several books on tax and wealth transition planning.
