Flow-Through Entity Taxation

Catalog description

This course teaches principles of federal taxation of sole proprietorships, partnerships, Subchapter S corporations, and limited liability companies that elect to be taxed as sole proprietorships, partnerships or Subchapter S corporations. Because federal income tax law relies upon state law in determining the existence of a partnership or limited liability company, this course will also involve the study of these entities under the Texas Business Organizations Code. TSI Restriction(s): Reading, Math, Writing