Fed Tax Partners/Partnerships

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 6:30-9:15PM
  • Location: LB 202

Course Information

  • Catalog number-Section number: 7668-10
  • Course Type: Lecture
  • Prerequisites: Prerequisite: Federal Income Tax (7661).
  • Credits (min/max): 3/3
  • Subjects:

Enrollment

  • Enrollment status: Open
  • Current enrollment/capacity: 21/45
  • Reserve population/capacity: 0/0
  • Waitlist enrollment/capacity: 0/50

Grading

  • Grade basis: Student option
  • Satisifies Writing Requirement: No
  • Exam type: TAKE HOME