Cases and materials on fundamentals of partnership taxation

by Daniel J. Lathrope, Stephen Schwarz, Stephen A. Lind

The Eighth Edition of this leading casebook continues the tradition of teaching the fundamentals of a highly complex subject through the use of clear and concise explanatory text, skillfully drafted problems, and a selective mix of original source materials to accompany the Code and regulations. It incorporates all new developments and refines or eliminates some materials from earlier editions that have become less relevant to contemporary practice. Important highlights include: Full coverage, with examples and revised problems, of all significant amendments to Subchapter K made by the American Jobs Creation Act of 2004, with particular emphasis on new statutory rules to prevent transfers and duplication of partnership losses. A chapter on S corporations, reflecting the more permissive eligibility requirements and other new statutory rules. Discussion of the impact of recent tax legislation on choice of business entity, including analysis of I.R.S. data on current trends. A recent published ruling on partnership mergers and terminations and summaries of other new partnership tax cases and rulings. Explanations of the policies underlying the statutory rules as well as the technical details.

415 pages, Hardcover

First published July 1, 1985

About the author

Professor Daniel Lathrope's teaching and research focus is taxation. He is the co-author of several casebooks on individual, corporate, and partnership taxation, including Fundamentals of Federal Income Taxation, Fundamentals of Corporate Taxation, and Fundamentals of Partnership Taxation. He is the author of The Alternative Minimum Tax--Compliance and Planning with Analysis, a treatise on the alternative minimum tax, and a book on comparative income taxation titled Global Issues in Income Taxation. He has taught in the graduate tax programs at New York University and the University of Florida. He has also taught at UC Hastings, UC Berkeley, Pacific McGeorge, and Leiden University in the Netherlands.

Reviews

[Ksc · Rating 5 out of 5]

Having spent an entire fall with this book I will never give it up. Riveting reading w/ witty terminology and one-liners, e.g., referring to debt as "A fiscal utopia that has yet to be achieved", sole proprietorships as "tax-nothing's" and certain court ruling passages as "now classic excerpt"s. The laughs go on and on in this comprehensive picture of formation, operation and liquidation of partnerships. BONUS: at the end you get the entire picture of flow-throughs with an entire chapter on S-corps. A must read for anyone interested in these "tax-something's".

[Justin Camblin · Rating 4 out of 5]

Everything you could ever want to know about how the United States taxes partnerships.