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.
Module 4 Introduction
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Avaliações
12 de Mai de 2020
Michael P Donohoe is a great professor and He explained all the tax provisions very nicely and covered almost the majority of concepts.
20 de Abr de 2020
This has been thorough and intense with respect to content and coverage of all that matters in every general business entity.
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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.
Ministrado por
Michael P Donohoe, PhD, CPA
Associate Professor of Accountancy and PwC Faculty Fellow
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