Federal income taxation of partners and partnerships in a nutshell
Author(s)
Bibliographic Information
Federal income taxation of partners and partnerships in a nutshell
（Nutshell series）
West Academic Publishing, c2017
5th ed
- Other Title
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Federal income taxation of partners and partnerships
Available at 5 libraries
Note
Includes index
Description and Table of Contents
Description
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 fifth edition reflects developments through September 2016, including proposed rules relating to compensatory profits interests and fee waivers, contributed built-in loss property, sharing of partnership liabilities and disguised sales, basis adjustments under 734(b), 743(b) and 755, and 751(b) distributions.
by "Nielsen BookData"