Fundamentals Of Partnership Taxation (University Casebook Series)
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The ninth edition of this leading casebook continues the long tradition of teaching the “fundamentals” of a highly complex subject through the use of clear and lively explanatory text, skillfully drafted problems, and a selective mix of original source materials to accompany the Code and regulations. Important highlights of the ninth edition include:Coverage of all significant developments since the last edition, including proposed regulations interpreting the § 706 varying interest rule and defining “interest in a limited partnership” for purposes of the § 469 passive loss limitations.A fresh perspective on choice of entity, including employment tax considerations for partners and LLC members.New author’s text discussing series LLCs and partnership debt-for-equity exchanges.Revised text on special allocations under § 704(b) with a new section on target allocations.An update on the partnership “carried interest” controversy and prospects for future legislation.Pruning of dated materials and some technical minutia, and more tightly edited cases, notes and problems.

Series: University Casebook Series

Hardcover: 535 pages

Publisher: Foundation Press; 9th edition (May 31, 2012)

Language: English

ISBN-10: 1609300696

ISBN-13: 978-1609300692

Product Dimensions: 10.3 x 7.4 x 1.2 inches

Shipping Weight: 2.6 pounds (View shipping rates and policies)

Average Customer Review: 2.3 out of 5 stars  See all reviews (3 customer reviews)

Best Sellers Rank: #198,125 in Books (See Top 100 in Books) #60 in Books > Textbooks > Law > Tax Law #160 in Books > Law > Tax Law #867 in Books > Law > Business

I would have given it five stars, but who gives a damn about the history of the code. To better understand the book, pair it with Cunningham and Cunningham, Logic of Subchapter K, and be sure to create each account (IB, BK, OB, and 704(b)) for each example in both books. This book goes into much tougher topics than C&C. Good Luck! I aced it and understand it, so can you

Terrible book! Drags on the subject, unnecessary information. Just get to the point!!! Does not explain information in a simple format, not to mention, doesn't provide answers to problems!

The book itself is interesting but the binder is broken and the pages are beginnng to fall out. Further, the amount of highlighting done by prior readers is distracting.

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