Fed Tax Partners/Partnerships
- Class number: 12542
- Term: Fall 2007
- Instructor:
This course is a detailed introduction to the federal tax treatment of the most common business entities in use in the United States today --partnerships and limited liability companies. The relevant tax provisions are found primarily in Subchapter K of the Internal Revenue Code. Topics to be studied in depth include: the classification of entities as partnerships for federal tax purposes; formation of the partnership and subsequent contributions to partnership capital; the flow-through tax treatment of partnership operations; tax-sensitive allocations of items of partnership income, deduction, credit and loss; partnership distributions and related tax-sheltering strategies, 'collapsible partnerships;' the liquidation or sale of partnership interests; and the death or retirement of partners. The course also compares the tax treatment of partnerships with that of S corporations.
Course Schedule
- Date: Tuesday, Thursday 09:00-10:30AM
- Location: Chase 210
Course Information
- Catalog number-Section number: 668-01
- Course Type: Lecture
- Prerequisites: Prerequisite: Federal Income Tax (661).
- Credits (min/max): 3/3
- Notes: Federal Income Tax (Law 661) is a prerequisite for this course.
- Subjects:
Enrollment
- Enrollment status: Open
- Current enrollment/capacity: 15/70
- Reserve population/capacity: 0/0
- Waitlist enrollment/capacity: 0/20
Grading
- Grade basis: Student option
- Satisifies Writing Requirement: No
- Exam type: TAKE HOME
