Taxation of Business Entities, Part II: Pass-Through Entities

The taxation of pass-through business entities, such as Subchapter S corporations, partnerships, and limited liability companies, under U.S. federal income taxation is covered in this course. The course focuses on the requirements of Subchapters S and K of the Internal Revenue Code that apply to the creation, management, and dissolution of pass-through organizations, as well as the associated Treasury Regulations and judicial decisions. Practical in-class study challenges help students build a variety of professional skills and attitudes while also discovering technical tax knowledge on their own

  • Avoid double taxation
  • Easier to file taxes
  • Easier to keep track of your business income
  • Have a relatively brief summary of a business entity tax topic
  • Specialize in partnership and corporate taxation or are working on an LL.M.
  • Expand their practices into business entity taxation.

 

  • Members of the financial accounting team
  • Finance managers and employees in cost and management accounting
  • budget supervisors
  • experienced lawyers
  • financial commitment and participants in the project
  • Members of the acquisition team and investment analysts

 

  • Partnerships
  • Legal Framework
  • Special Basis Concepts
  • Other Issues
  • Nonrecognition Provision
  • Basis Determination & Holding Period
  • Nonrecognition Exceptions
  • Other Issues
  • Initial Costs
  • Accounting Methods
  • Tax Year
  • Applications

 

  • Income Measurement & Reporting
  • Partner’s Distributive Share
  • Outside Basis Adjustments
  • Partners' Deduction for Qualified Business Income
  • Partner Loss Limitations
  • Related Transactions

 

  • Concepts
  • Applications
  • Disproportionate Distributions

 

  • Seller
  • Buyer
  • Special Basis Adjustment
  • Other Dispositions
  • Partnership Termination

 

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