Understanding Partnership and LLC Taxation

Fifth Edition

by Jerold A. Friedland

Tags: Law School Study Aids, Practitioner Resources, Taxation, Understanding Series

Table of Contents (PDF)

688 pp  $55.00

ISBN 978-1-5310-1662-3
eISBN 978-1-5310-1663-0

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Understanding Partnership and LLC Taxation provides a comprehensive analysis of one of the most complex areas of the Internal Revenue Code. Using examples and computational illustrations, this treatise is designed for ease of use by practitioners and law students. In addition to clear, to-the-point explanations of law, Understanding Partnership and LLC Taxation includes practice and planning notes and extensive citation to relevant cases, statutes, and regulations, thereby making it an excellent quick-reference tool.

The new fifth edition discusses important recent legislation, regulations, cases, and administrative rulings. The text is an essential source for answers and guidance regarding partner/partnership and LLC tax issues. Its straightforward approach and hands-on, practical examples will make this your fundamental reference tool for partnership and LLC taxation issues.

Topics covered include:

  • 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;
  • Selling or liquidating a partnership or LLC interest;
  • Terminating a partnership;
  • Determining a partner's/member's basis in a partnership/LLC interest;
  • Special rules for family partnerships/LLCs; and
  • Tax consequences when a partner/member dies.

Comp Copy If you are a professor teaching in this field you may request a complimentary copy.