LAW 326 - Partnership Taxation

Spring (2-3) William Richardson Prerequisite(s): LAW 311 - Federal Incomoe Taxation

This course is an introduction to the federal income tax treatment of partnerships, including LLCs treated as partnerships, and their owners. Topics covered will include the tax classification of business entities as partnerships, partnership formations, allocations of partnership income and losses to partners, transfers of ownership interests by partners, distributions from partnerships to partners, terminations of partnerships, and a comparison of “S corporations” to partnerships. Prerequisite: Law 311 Federal Income Taxation Recommended: Law 320 Business Associations