Partnership Taxation

Product Description
Partnership Taxation is a textbook designed for graduate tax students, advanced law and accounting students, as well as lawyers and accountants. It provides a thorough and sophisticated look at this important area of tax law for closely held businesses operating in the U.S. Classification, formation, operation, and liquidation of partnerships are covered, as are several important associated topics. Each chapter contains sophisticated questions designed to thoroughly test students’ understanding. LLCs are the dominant business form for closely held businesses in the US and are typically taxed as partnerships; accordingly, LLCs receive special attention.\nThe fifth edition contains two new chapters. Chapter 17 contains legislative updates and a detailed discussion of non\-Subchapter K provisions that are relevant to partnership taxation. Chapter 18 contains a detailed discussion of the complex area of partnership debt workouts. The authors provide perspectives from both private practice and academia.
About the Author
Richard Lipton is a senior counsel at Baker & McKenzie LLP. Paul Carman is a partner and the Practice Group Leader of Chapman and Cutler LLP’s Tax Department. Walter Schwidetzky is Professor of Law at University of Baltimore School of Law. Ross Cohen is a partner at Dentons Bingham Greenebaum LLP.