Today, most men wear a thin to moderately thick mustache with the beard, which is not waxed to curl upward. No hair is grown on the cheeks, so it is not a full beard. Ad. The Van Dyke is a variation of the goatee, and some also refer to the classic goatee with this name. Hair worn only on the chin may also be called a chin beard if it is very long.
A partner's basis is increased by the following items. 1  The partner's additional contributions to the partnership, including an increased share of or assumption of partnership liabilities. 2  The partner's distributive share of taxable and nontaxable partnership income.
For income tax purposes, partnerships are not taxable entities. Rather, they are treated as conduits, in which the items of partnership income, deduction and credit are allocated among the partners for inclusion in their respective income tax returns. Before 1982, the IRS audited partnerships at the partner level, with any adjustments made to each partners return.