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Richard Lipton, Esq., Baker & McKenzie, Chicago, IL
Paul Carman, Esq., Chapman and Cutler LLP, Chicago, IL
Charles Fassler, Esq., Greenbaum Doll & McDonald PLLC, Louisville, KY
Walter D. Schwidetzky, Professor of Law, University of Baltimore School of Law |
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| Price: |
$115.00 |
| Publisher: |
LexisNexis |
| ISBN: |
9781422417553 |
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©2008 |
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This new edition of Partnership Taxation is one of several new releases from the LexisNexis Graduate Tax Series. This book 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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