ACC 631 Tax of Partners/Partnerships (3)

Examines advanced topics in federal taxation of partners and partnerships regarding the contribution, operation, and distribution from partnerships and transfers of partnership interests.

Pre: 407

A minimum of at least C- or better is required

Subjects:

• LLC/LLP
• Formation of Partnerships and LLCs
• Dissolution of Partnerships
• Sales of Partnerships
• Pass-Through Income
• Operation of Partnerships
• LP
• Basis of Partnership Interest
• Transactions between Partners and Partnerships
• Guaranteed Payment
• Optional: Comparison of C & S corporations