Fundamentals of Partnership Taxation (University Casebook Series)

The ninth edition of this leading casebook continues the long tradition of teaching the “fundamentals” of a highly complex subject through the use of clear and lively explanatory text, skillfully drafted problems, and a selective mix of original source materials to accompany the Code and regulations. Important highlights of the ninth edition include:

• Coverage of all significant developments since the last edition, including proposed regulations interpreting the § 706 varying interest rule and defining “interest in a limited partnership” for purposes of the § 469 passive loss limitations.
• A fresh perspective on choice of entity, including employment tax considerations for partners and LLC members.
• New author’s text discussing series LLCs and partnership debt-for-equity exchanges.
• Revised text on special allocations under § 704(b) with a new section on target allocations.
• An update on the partnership “carried interest” controversy and prospects for future legislation.
• Pruning of dated materials and some technical minutia, and more tightly edited cases, notes and problems.