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Tax Planning for Partners, Partnerships, and LLCs
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Product description
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Tax Planning for Partners, Partnerships, and LLCs is a unique, all-in-one resource that covers BOTH partner/partnership and limited liability company (LLC) tax issues. This publication makes available clear and direct explanations of some of the most staggeringly complex portions of the Internal Revenue Code, related regulations and rulings, and court cases. To help you put the rules into practice, it is filled with examples and includes numerous computational illustrations. Plus, Tax Planning for Partners, Partnerships, and LLCs is packed with practice tips and cautions to alert you to tax planning opportunities and steer you around potential pitfalls. Everything you need to know about tax law affecting partners, partnerships, and LLCs is contained here, including:
Tax Planning for Partners, Partnerships, and LLCs is the essential source for answers and concrete guidance on your questions concerning both partner/partnership and LLC tax issues. Its straightforward approach and hands-on, practical examples will make this your fundamental reference tool for partnership and LLC taxation.
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Table of contents
PART 1: OVERVIEW
Chapter 1: Introduction to Taxation of Partnerships and Limited Liability Companies
Chapter 2: Tax Classification of Economic Relationships
PART 2: OPERATING ISSUES
Chapter 3: Tax Accounting for Partnerships and Limited Liability Companies
Chapter 4: Distributive Shares
Chapter 5: Basis in Partnership/LLC Interest
Chapter 6: Limitations on Partner's and LLC Member's Deduction for Losses
Chapter 7: Transactions Between Partners/Members and Partnership/LLC
Chapter 8: Distributing Partnership/LLC Property to Partners or Members
PART 3: FAMILY PARTNERSHIPS AND LLCs
Chapter 9: Family Partnerships and Limited Liability Companies
PART 4: CHANGES IN INTEREST
Chapter 10: Liquidating Payments to a Retiring Partner/Member or a Decedent's Successor
Chapter 11: When a Partner or LLC Member Dies
Chapter 12: Selling or Exchanging a Partnership or LLC Interest
Chapter 13: Acquiring a Partnership or LLC Interest By Contribution
Chapter 14: Terminating a Partnership or LLC
PART 5: TAX PRACTICE
Chapter 15: Partnership/LLC Procedures and Reporting Requirements
Chapter 16: Sample Partnership/LLC Agreements and Sample Forms