Partnership Tax

The course is structured for the practitioner who will advise their clients upon the formation, operation, and/or disposition of a partnership or LLC, or an interest therein. Topics covered include the tax treatment of contributions made in conjunction with the formation of partnerships and LLCs, the taxation of partnership and LLC business operations, the tax treatment of partnership and LLC distributions, and the taxation of transfers of ownership interests in partnerships and LLCs. Legislative proposals to overhaul Subchapter K will be discussed, as well as the U.S. Supreme Court s decision to hear Moore v. U.S. (Dkt. 22-800) could upend the manner is which unrealized income is taxed. Introduction to Income Taxation is a prerequisite.