Taxation of Pass-Through Business Entities

This course provides an introduction to the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. The course focuses on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing the formation, operation, and termination of pass-through entities. Practical in-class study problems facilitate self-discovery of techn

• Determine tax effects of partnership formation, distributions, and termination
• Distinguish entity types treated as partnerships for tax purposes
• Apply partnership tax provisions to LLCs and limited liability partnerships
• Identify corporations qualifying for the Subchapter S election