 | Partnership Taxation
by Lipton, Carman, Fassler, Schwidetzky
Edition/Year: 2nd ed., 2007
ISBN: 9781422417553
Format: Hardcover-New
SKU: 94194
Our Low Price: $117.95 | | Availability: This item ships within the next business day. | | Partnership Taxation contains a thorough discussion of the rules of partnership taxation—when a partnership exists, the tax treatment of contributions to a partnership, the basis of partnership assets and interests in a partnership, how income is allocated to the partners, the tax treatment of distributions, the consequences of partnership liabilities, partnership mergers, the retirement of a partner and dissolution of the partnership. There is also significant attention paid to the numerous “anti-abuse” rules that have been adopted by Congress and the IRS over the past several decades, including the disguised sale rules, the treatment of “mixing-bowl” transactions, the complex rules to prevent basis abuse, and the overriding “partnership anti-abuse regulations” adopted by the IRS. In addition, this book explores one of the fundamental questions which always arises in partnership taxation—is a partnership to be treated as a separate taxable entity or an aggregate of its partners. The tension between entity and aggregate treatment of a partnership is one of the recurring issues in determining the tax consequences of partnership transactions. |
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