Partnership Taxation. (2 credit hours) Prerequisite: Law 7095. This course will cover the federal income taxation of partnerships (including limited liabilty companies) from formation through distributions to liquidations. The tax implications to both the partners (or members) and the entity will be examined. The course will cover transfers of property to a newly formed or preexisting partnership or limited liability company; normal distributions; "inside" and "outside" basis adjustments; sales of partnership or membership interests; partnership and limited liability company liquidations and partner and member withdrawals. NOTE: The maximum number of credit hours a student may earn for taking any combination of LAW 7110, LAW 7415 and LAW 7127 is 4.
Author / Publisher / ISBN
Learning the Logic of Subchapter K: Problems and Assignments (2008)