This book has been replaced by a newer edition:

Understanding Partnership and LLC Taxation cover

Understanding Partnership and LLC Taxation, Fourth Edition

by Jerold A. Friedland

2017, 616 pp, paper, ISBN 978-1-5310-0081-3

$53.00

Understanding Partnership and LLC Taxation

Third Edition

by Jerold A. Friedland

Tags: Law School Study Aids, Lawyering Skills/Study Aids, Taxation, Understanding Series

Table of Contents (PDF)

670 pp  $49.00

ISBN 978-1-42249-091-4
eISBN 978-1-4224-8657-3

Based on his treatise Tax Planning for Partners, Partnerships, and LLCs, the author offers a comprehensive analysis of one of the most complex and confusing areas of the Internal Revenue Code. Using examples and computational illustrations, this Understanding treatise is designed for ease of use by law students. In addition to clear, to-the-point explanations of law, Understanding Partnership and LLC Taxation includes practice and planning notes plus extensive citation to relevant cases, statutes, and regulations, thereby making it also an excellent quick reference for practitioners. Among the topics covered are the tax consequences of:

  • Determining the business form to adopt;
  • Allocating income or loss among partners or LLC members;
  • Distributing property to a partner or LLC member;
  • Using family partnerships and LLCs; and
  • Selling or liquidating a partnership or LLC interest.