Partnership Taxation
LAWS 44301
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This course examines income tax aspects of partnerships. Partnerships have become a widely used business structure, particularly since the invention of limited liability companies (which are treated as partnerships for tax purposes) and the increase in the number of start-up ventures and sophisticated financial ventures such as hedge funds and private equity funds that rely upon partnership tax principles to maximize after-tax returns of investors and management. The course uses problem sets to illustrate the application of basic principles to formations, income and loss allocations, borrowings, and distributions of partnerships, with a special focus on applying the tax rules in a transactional setting.
Introductory Income Tax is a prerequisite.
The student's grade is based on a final examination and class participation.
Spring 2013
Richard Lipton, Todd Golub
