Faculty at the School of Law

Partnership Tax

Professor J. Martin Burke Visiting Assistant Professor Julie Sirrs

3 Credit(s)

LAW 635

This course examines in detail the tax consequences associated with the formation, operation and liquidation of partnerships and limited liability companies  taxed as partnerships.  Among the topics addressed are the contribution of property and services, the partners’ distributive shares of items of partnership income and deduction, the maintenance of capital accounts, partnership allocations, current and liquidating distributions, and an array of anti-abuse rules.  This course is recommended for all students planning to practice in the business and property transaction areas.