Law 649:  Partnership Taxation

This course will examine the provisions of Subchapter K of the Internal Revenue Code. Covered topics will include: partnership formation; the transfer of assets to and from a partnership; the allocation of partnership tax attributes; the treatment of partnership liabilities; partnership operations; the restrictions on the deductibility of a partner’s share of partnership losses; partnership distributions; and the liquidation or sale of partnership interests.

Sequence and Prerequisites:  Income Taxation (Law 647) is a prerequisite.

Evaluation: Student grades will be based upon the final exam.

 

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