LAW 7415 - Partnership Taxation.

3 Credit Hours

Prerequisites: LAW 7095.
Description
This is an elective course. This course will cover the federal income taxation of partnerships (including limited liability companies) from formation through liquidations. The tax implications to the partners (or members) and the entity will be examined. The course will cover transfers of property to a newly formed or preexisting partnership or limited liability company; nonliquidating distributions; “inside” and “outside” basis adjustments; sales of partnership or membership interests; partnership and limited liability company liquidations; and partner and member withdrawals.

Notes: NOTE: The maximum number of credit hours a student may earn for taking any combination of LAW 7110, LAW 7415 and LAW 7127 is 6.