Taxation and business planning for partnerships and LLCs

Introduction to transactional tax practice and review of basic income tax concepts -- Choice of entity -- Tax-partnership operations -- General partnership tax allocation rules -- Contributions to tax partnerships -- Allocations following property contributions and admissions of new members -- Distributions and anti-mixing-bowl rules -- Transactions for consideration between members and tax partnerships -- Allocations of tax-partnership liabilities -- Tax-partnership liabilities and disguised sales -- Allocations of nonrecourse deductions -- Transfers of interests in tax partnerships -- Mergers and divisions of tax partnerships