Partnership Taxation II Credits: 1-3

Catalog description

A study of selected topics in tax planning and in negotiating and drafting organizational documents (e.g. partnership agreements and operating agreements) for entities that will be classified as partnerships for tax purposes, including advanced exploration of issues relating to special allocations and book/tax disparities, optional adjustments to basis, payment to retiring and deceased partners, the impact of I.R.C. Section 751 on partnership distributions and on sales and exchanges of partnership interests, partnership mergers and divisions, partnerships with tax-exempt partners, and tiered partnerships.