Course Details

Partnership Tax (JD/Gen.LLM)

This three-hour course will follow the life cycle of a partnership from formation to termination and examine the tax consequences of the events that are likely to occur along the way. Topics will include contributions to the partnership (of money, property or services), the determination of the partnership’s income or loss, the allocation of income and loss (including so-called “special allocations”), distributions of money or property by the partnership, transfers of partnership interests and partnership terminations. Special attention will be paid to the role of partnerships in common business transactions, including IPOs and partnership mergers and divisions. This course is designed to follow the Basic Federal Income Tax course and will use and build on the concepts learned in that course. Registration requirements: Open to 2L and 3L students and General LLM students who have completed the Basic Federal Income Tax course or its equivalent. Not open to Tax LLM students. Evaluation Methods: Grades will be based on class participation and a final exam. Class Materials: Coursebook; Internal Revenue Code and Regulations.

Catalog Number: BUSCOM 724


Course History

Spring 2018
Title: Partnership Tax (JD/Gen.LLM)
Faculty: Wootton, Robert R. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 70     Actual: 10

Spring 2017
Title: Partnership Tax (JD/Gen.LLM)
Faculty: Wootton, Robert R. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 6