ACC 631 – Tax of Partners/Partnerships

2 credit(s)

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 with C- or better.

Subjects:

  • Types of Partnerships
  • Pass Through Income and Impact on Basis
  • Formation of Partnerships and LLCs
  • Partnership operations
  • Transactions between Partners and Partnerships
  • Guaranteed Payments
  • Sales of a Partnership interest
  • Current and liquidating partnership distributions