Advanced Taxation

(3 Credits)

This course provides you with a comprehensive understanding of basic and complex partnership taxation issues. You'll be equipped to identify problems and opportunities in transactions involving partnership formation, transactions with partners, basis, partnership distributions, allocations and other key areas. You will learn how to maximize tax benefits of operating as a partnership. Assist partners in planning and structuring agreements. Understand relevant passive loss limitations, partnership allocation rules, basis and at-risk issues. Handle distributions, liquidations and terminations.