Federal Taxation of Flow-Through Entities

Catalog description

Examines in detail the fundamental concepts of (1) federal income taxation of “flow-through” entities, such as the joint ventures, partnerships, LLC’s and S corporations; (2) federal gift and estate taxes; and (3) closely-held organization tax planning. This course will study the formation, operation, sale or exchange, and liquidation of flow-through entities, Gift and estate tax topics include transfers subject to tax, valuation, operation, sale or exchange, and liquidation of flow through entities, Gift and estate tax topics include transfers subject to tax, valuation, exclusions, credits, procedural matters, and computation of tax. Closely-held organization tax planning topics include minimizing gift, estate, and income taxes: valuation of specific assets; and estate liquidity.