Informações sobre o curso
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This course provides an introduction to the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. The course focuses on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing the formation, operation, and termination of pass-through entities. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes....
Globe

cursos 100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Calendar

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Intermediate Level

Nível intermediário

Clock

Approx. 20 hours to complete

Sugerido: 8 weeks of study, 6-8 hours/week...
Comment Dots

English

Legendas: English...
Globe

cursos 100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Calendar

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Intermediate Level

Nível intermediário

Clock

Approx. 20 hours to complete

Sugerido: 8 weeks of study, 6-8 hours/week...
Comment Dots

English

Legendas: English...

Programa - O que você aprenderá com este curso

Week
1
Clock
1 hora para concluir

Introduction to Course

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course. ...
Reading
2 vídeos (Total de 7 min), 4 leituras, 1 teste
Video2 videos
About Prof Donohoe2min
Reading4 leituras
Syllabus10min
About the Discussion Forums10min
Update Your Profile10min
Build a Learning Community with Social Media10min
Quiz1 exercício prático
Orientation Quiz8min
Clock
3 horas para concluir

Module 1 Partnership Formation

In this module, you will be introduced to partnerships. We will delve into the formation of partnerships along with the characteristics that differentiate this form of business from other U.S. entities. This module focuses on the eligibility of legal ‘persons’ to form a partnership and the nonrecognition provisions and holding periods that apply to the contribution of such capital. Exceptions to the nonrecognition rules will be highlighted along with additional elections and treatments available to partnership formation....
Reading
17 vídeos (Total de 62 min), 1 leitura, 11 testes
Video17 videos
Lesson 1.1.1 Partnerships4min
Lesson 1.1.2 Legal Framework2min
Lesson 1.1.3 Special Basis Concepts2min
Lesson 1.1.4 Other Issues4min
Lesson 1.2.1 Nonrecognition Provision: Concepts3min
Lesson 1.2.2 Nonrecognition Provision: Applications2min
Lesson 1.3.1 Basis Determination & Holding Period: Concepts4min
Lesson 1.3.2 Basis Determination & Holding Period: Applications8min
Lesson 1.4.1 Nonrecognition Exceptions: Concepts4min
Lesson 1.4.2 Nonrecognition Exceptions: Applications3min
Lesson 1.4.3 Other Issues1min
Lesson 1.5.1 Initial Costs4min
Lesson 1.5.2 Accounting Methods2min
Lesson 1.5.3 Tax Year3min
Lesson 1.5.4 Applications6min
Module 1 Wrap-Upmin
Reading1 leituras
Module 1 Overview and Resources10min
Quiz11 exercícios práticos
Lesson 1.1.1 Knowledge Check8min
Lesson 1.1.2 Knowledge Check8min
Lesson 1.1.4 Knowledge Check8min
Lesson 1.2.1 Knowledge Check8min
Lesson 1.3.1 Knowledge Check8min
Lesson 1.4.1 Knowledge Check8min
Lesson 1.4.3 Knowledge Check8min
Lesson 1.5.1 Knowledge Check8min
Lesson 1.5.2 Knowledge Check8min
Lesson 1.5.3 Knowledge Check8min
Module 1 Quiz16min
Week
2
Clock
2 horas para concluir

Module 2 Partnership Operations

In this module, you will be introduced to the operations of a partnership. We will examine how the operations of a partnership are a conduit by which transactions “pass through” to the partners. The module focuses on how the partnership measures and allocates the income based on the partner’s distributive share in accordance with the appropriate means of reporting. Next, we will discuss the appropriate adjustments to the partner’s outside tax basis in relation to the income, loss, and liability claims of the partnership. Finally, we will discuss the loss and related party limitations imposed on the partnership....
Reading
12 vídeos (Total de 49 min), 1 leitura, 6 testes
Video12 videos
Lesson 2.1.1 Income Measurement & Reporting: Concepts4min
Lesson 2.1.2 Income Measurement & Reporting: Applications3min
Lesson 2.2.1 Partner’s Distributive Share: Concepts5min
Lesson 2.2.2 Partner’s Distributive Share: Applications3min
Lesson 2.3.1 Outside Basis Adjustments: Concepts5min
Lesson 2.3.2 Outside Basis Adjustments: Applications7min
Lesson 2.4.1 Partner Loss Limitations: Concepts4min
Lesson 2.4.2 Partner Loss Limitations: Applications5min
Lesson 2.5.1 Related Transactions: Concepts2min
Lesson 2.5.2 Related Transactions: Applications3min
Module 2 Wrap-Upmin
Reading1 leituras
Module 2 Overview and Resources10min
Quiz6 exercícios práticos
Lesson 2.1.1 Knowledge Check8min
Lesson 2.2.1 Knowledge Check8min
Lesson 2.3.1 Knowledge Check8min
Lesson 2.4.1 Knowledge Check8min
Lesson 2.5.1 Knowledge Check8min
Module 2 Quiz16min
Week
3
Clock
3 horas para concluir

Module 3 Partnership Distributions

In this module, you will be introduced to the tax treatments of partnership distributions. We will first determine what is a distribution and how it is different from a partner’s share of partnership earnings. Partnership distributions will be further classified into proportionate operating, proportionate liquidating, and disproportionate distributions. We will then discuss the nonrecognition principle of partnership distributions, loss limitations, and exceptions to these general rules....
Reading
18 vídeos (Total de 76 min), 1 leitura, 8 testes
Video18 videos
Lesson 3.1.1 Concepts I8min
Lesson 3.1.2 Applications I2min
Lesson 3.1.3 Concepts II3min
Lesson 3.1.4 Applications II7min
Lesson 3.2.1 Concepts I5min
Lesson 3.2.2 Applications I2min
Lesson 3.2.3 Concepts II2min
Lesson 3.2.4 Applications II2min
Lesson 3.2.5 Concepts III1min
Lesson 3.2.6 Applications III8min
Lesson 3.2.7 Concepts IV2min
Lesson 3.2.8 Applications IV11min
Lesson 3.2.9 Concepts Vmin
Lesson 3.2.10 Applications V6min
Lesson 3.3.1 Disproportionate Distributions: Concepts2min
Lesson 3.3.2 Disproportionate Distributions: Applications2min
Module 3 Wrap-Up1min
Reading1 leituras
Module 3 Overview and Resources10min
Quiz8 exercícios práticos
Lesson 3.1.1 Knowledge Check8min
Lesson 3.1.3 Knowledge Check8min
Lesson 3.2.1 Knowledge Check8min
Lesson 3.2.3 Knowledge Check8min
Lesson 3.2.5 Knowledge Check8min
Lesson 3.2.7 Knowledge Check8min
Lesson 3.3 Knowledge Check8min
Module 3 Quiz16min
Week
4
Clock
2 horas para concluir

Module 4 Partnership Sales and Terminations

In this module, you will be introduced to the tax consequences of selling and terminating a partnership interest. We will explore the tax consequences to the buyer and seller in a transaction to sell a partner’s interest. You will learn to differentiate between sales subject to capital and ordinary gain. Since the partner’s capital account and tax basis often differ at the point of sale, you will learn about the § 754 election, which allows the buyer to step up the inside basis in the partnership. Finally, we will discuss the implications of partnership termination. ...
Reading
13 vídeos (Total de 38 min), 1 leitura, 6 testes
Video13 videos
Introduction to Sale of Partnership Interest2min
Lesson 4.1.1 Seller Concepts2min
Lesson 4.1.2 Seller Applications4min
Lesson 4.1.3 Buyer Concepts1min
Lesson 4.1.4 Buyer Applications2min
Lesson 4.2.1 Special Basis Adjustment: Concepts6min
Lesson 4.2.2 Special Basis Adjustment: Applications3min
Lesson 4.3.1 Other Dispositions: Concepts4min
Lesson 4.3.2 Other Dispositions: Applications1min
Lesson 4.4.1 Partnership Termination: Concepts4min
Lesson 4.4.2 Partnership Termination: Applications1min
Module 4 Wrap-Up1min
Reading1 leituras
Module 4 Overview and Resources10min
Quiz6 exercícios práticos
Lesson 4.1.1 Knowledge Check8min
Lesson 4.1.3 Knowledge Check8min
Lesson 4.2.1 Knowledge Check8min
Lesson 4.3.1 Knowledge Check8min
Lesson 4.4.1 Knowledge Check8min
Module 4 Quiz12min

Instrutores

Michael P Donohoe, PhD, CPA

Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business

Sobre University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

Sobre o Programa de cursos integrados U.S. Federal Taxation

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

Perguntas Frequentes – FAQ

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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