To help you provide your clients with all the benefits partnerships offer, the Guide offers practical guidance on forming partnerships, contributing services or property, providing fringe benefit and retirement plans to partners and employees, claiming the U.S. producer deduction, and more. Separate chapters cover family partnership strategies, estate and asset protection planning, and financial statement preparation. To save you time and help you communicate with clients, the 2007 edition has 26 new checklists, client letters, and other practice aids.