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Fed Tax Partners/Partnerships (Fall 2008)
| Catalog #: | 7668 | Section: | 10 | Credits (Min/Max): | 3/3 | Satisfy UCWR? | No |
| Class #: | 11887 | Location: | KT115 | Day/Time: | Monday 6:30-9:15 | ||
| Instructor: | Stephen G. Utz | Course Type: | Lecture | Enrollment Status: | Open | Limit: | 36 |
| Final Exam: | Take Home | Tentative Final Exam: | Grading Basis: | P/F Option | |||
| Subject(s): | |||||||
| Tax Law | |||||||
| Description: | |||||||
| 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. | |||||||
| Notes: | |||||||
| The prerequisite of Federal Income Tax has been temporarily removed to allow for priority enrollment. | |||||||
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