Fundamentals of Partnership Taxation (University Casebook Series)

Name: Fundamentals of Partnership Taxation (University Casebook Series)
Price: 265.00 USD
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4.4 of 5 Stars: Tax Law - Fundamentals of Partnership Taxation (University Casebook Series)

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Book Synopsis: The Eleventh Edition of this widely used casebook continues its long tradition of teaching the “fundamentals” of a highly complex subject with clear and engaging explanatory text, skillfully drafted problems, and a rich and well edited mix of original source materials to accompany the Code and regulations. This extensive revision discusses all significant developments since the last edition, including relevant provisions of the 2017 tax legislation known as the Tax Cuts and Jobs Act. Highlights of new material covered in the Eleventh Edition are:

The deduction under § 199A for 20% of qualified business income from a pass-through entity. The discussion incorporates the final regulations, and includes a new problem set.
The impact on choice of entity of the 21% corporate income tax rate, lower individual income tax rates, the 20% deduction for qualified business income, and other tax and business planning considerations.
The three-year long-term holding period required by § 1061 for capital gains allocable to service partners with carried interests.
Final, temporary and proposed regulations on partnership liabilities and the special treatment of bottom dollar payment obligations.
New limitations in § 461(l) on excess business losses.
Technical changes to Subchapter K, including the expanded definition of “substantial built-in loss” under § 743(b) and repeal of the technical termination rule in § 708.
S corporation developments, including the requirement to pay reasonable compensation to shareholder-employees for purposes of the § 199A qualified business income deduction.

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Looking to master the essentials of partnership taxation? Look no further than the highly acclaimed Fundamentals of Partnership Taxation book. Now in its Eleventh Edition, this leading casebook provides a comprehensive and engaging overview of the complexities of partnership taxation. With its clear explanatory text, carefully crafted problems, and a selection of original source materials, this book is an invaluable resource for students and practitioners alike.

Stay up to date with the latest changes in tax legislation, including the significant provisions of the 2017 Tax Cuts and Jobs Act. Our Eleventh Edition incorporates all of these updates, ensuring that you have the most current information at your fingertips. With an in-depth discussion of the deduction under § 199A for qualified business income, as well as the impact on entity choice and other planning considerations, this book equips you with the knowledge to navigate the complexities of partnership taxation with confidence.

Our updated Eleventh Edition also covers key regulations and developments that shape the partnership taxation landscape. You'll find a comprehensive analysis of partnership liabilities, the special treatment of bottom dollar payment obligations, and the implications of the three-year long-term holding period required for service partners with carried interests under § 1061. Additionally, we explore the new limitations on excess business losses in § 461(l), technical changes to Subchapter K, and recent S corporation developments relating to the § 199A deduction.

Don't miss out on this must-have resource for mastering partnership taxation. Upgrade your knowledge and make your mark in the field with the Eleventh Edition of Fundamentals of Partnership Taxation. Order your copy today!

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