Skip Navigation LinksHome > Current Students > Office of Student Records > ClassSchedule > AboutClass

Winter 2014 Class Descriptions

As of 9/2/2014 4:13:13 AM

Partnership Tax

This course covers the provisions of the Internal Revenue Code that deal with partnerships including such items as: the definition of a partnership for tax purposes; the utilization and importance of a "balance sheet" analysis of partnership activities; the question of whether a partnership is treated as an entity or as an aggregate of separate interests; the transfer of assets to and from a partnership; the allocation of partnership tax attributes; the special treatment of recourse and nonrecourse liabilities; the operation of a partnership; the determination of a partnership's basis in its assets and a partner's basis in the partnership interest; the restrictions on the deductibility of a partner's share of partnership losses; the effect of a change in partnership interests; and the disposition of partnership interests.

3.00 hours
 
Michigan Law Wordmark Print View