Federal Taxation of Partnerships and S-Corporations

Catalog description

Examines federal income tax aspects of the organization and operation of partnerships, including their formation, transactions between partner and partnership, the transfer of partnership interests, the determination and allocation of income and expenses, basis adjustments, distributions, the death or retirement of a partner, and the use of limited partnerships. Considers federal income tax aspects of other flow-through entities including limited liability companies and small business corporations electing Subchapter S status.