Understanding taxation of business entities

Introduction -- Defining partnerships and partners for tax purposes -- Formation of the partnership -- Outside basis and allocation of liabilities -- Operation of the partnership : calculation of partnership taxable income -- Operation of a partnership : allocation of partnership income and losses -- Dispositions of partnership interests -- Partnership distributions -- Transactions between partner and partnership; issuance of a partnership interest for services -- Business combinations : partnership mergers and divisions -- Anti-abuse provisions -- Death of a partner -- Taxing C Corporations in general -- Corporate formation -- Debt/equity classification -- Nonliquidating distributions of property -- Stock redemptions -- Stock dividends and Section 306 stock -- Complete liquidations and taxable acquisitions -- Corporate penalty taxes -- Corporate reorganizations -- Corporate divisions -- Corporate tax attributes -- Taxation of S Corporations and shareholders.