PRACTICAL GUIDE TO PARTNERSHIPS, LLCS AND S CORPORATIONS (15th EDITION)

Practical Guide to Partnerships, LLCs and S Corporations will help readers understand the many facets of partnership and LLC taxation in a practical way. This book includes detailed reference material for the federal income taxation of partnerships and LLCs taxed as partnerships. It also discusses the taxation of state law partnerships with a separate commentary on the taxation of LLCs when there are actual or perceived issues that arise in applying Subchapter K of the Internal Revenue Code of 1986 to LLCs. The five parts of Practical Guide to Partnerships, LLCs and S Corporations focus on partnership characteristics, funding, taxation of operations, a partner's share of partnership debt, distribution of a partnership interest, distributions, choice of entity considerations, and sales and liquidations. This book is a mix of detailed explanations, illustrative examples and computations and practical insights.