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Federal Income Taxation of Partners and Partnerships in a Nutshell / Edition 4
     

Federal Income Taxation of Partners and Partnerships in a Nutshell / Edition 4

by Karen C. Burke
 

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ISBN-10: 0314280367

ISBN-13: 9780314280367

Pub. Date: 01/28/2013

Publisher: West Academic

This book provides a concise overview of federal partnership taxation. It covers partnership formation, including contributions of property and admission of service partners, allocation of income and loss, tax accounting, and sharing of recourse and nonrecourse liabilities. Building on this foundation, the book also addresses advanced topics, including transactions

Overview

This book provides a concise overview of federal partnership taxation. It covers partnership formation, including contributions of property and admission of service partners, allocation of income and loss, tax accounting, and sharing of recourse and nonrecourse liabilities. Building on this foundation, the book also addresses advanced topics, including transactions between partners and partnerships, sales of partnership interests, distributions of property, optional and mandatory basis adjustments, and planning for retirement or death of a partner. Numerous concrete examples illustrate the tax treatment of specific transactions, allowing students to grasp the principles of partnership taxation in a problem-oriented course. The revised edition reflects developments through September 2012, including codified economic substance doctrine and penalty provisions; choice of business form and classification of series entities; at-risk and passive loss rules as applied to LLCs and LLPs; partnership debt-equity exchanges and proposed “carried interest” legislation; new rules on accounting for partner's varying interests in the partnership; and disguised sale transactions and recent tax-shelter decisions.

Product Details

ISBN-13:
9780314280367
Publisher:
West Academic
Publication date:
01/28/2013
Series:
Nutshell
Edition description:
4
Pages:
427
Sales rank:
313,010
Product dimensions:
4.80(w) x 7.40(h) x 0.70(d)

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