Course Description
The fundamental tax and legal concepts involved in the income taxation of partnerships and partners.
Athena Title
PARTNERSHIP TAX
Prerequisite
ACCT 5400/7400
Semester Course Offered
Offered spring
Grading System
A - F (Traditional)
Course Objectives
Have students exhibit an in-depth knowledge of the structure and principals underlying the federal income taxation of partnerships, limited liability companies and S corporations. They are evaluated by means of problem assignments, quizzes and written examinations.
Topical Outline
1. General concepts and definitions 2. Partnership formation 3. Partnership operations 4. Distributions by a partnership 5. Transfers of partnership interests 6. Partnership terminations 7. Special partnership issues 8. S corporations
Syllabus