Taxation essentials of llcs and partnerships / by Larry Tunnell, Robert Ricketts.

Format:

Book

Author/Creator:

Tunnell, Larry, author.

Ricketts, Robert, author.

Language:

English

Subjects (All):

Private companies--Taxation--United States.

Private companies.

Physical Description:

1 online resource (252 pages)

Place of Publication:

Durham, North Carolinac : Association of International Certified Professional Accountants, Inc, [2019]

Summary:

This book helps addresses the tax consequences of the most common transactions engaged in by limited liability corporations (LLCs)and partnerships. You will develop a level of comfort with the basic conceptual framework underlying partnership and LLC taxation, as well as gain an explanation of the tax consequences associated with issues most frequently confronted by tax practitioners. Topics covered include: basic tax structure of partnerships and LLCs; electing to be taxed as a partnership: "check-the-box" rules; tax consequences of partnership or LLC formation; partnership distributions; compensatory payments to partners; at-risk and passive activity limits; profit and loss allocations: general rules and restrictions; and reporting taxable income for partnerships and LLCs.

Notes:

Includes index.

Description based on print version record.

ISBN:

9781119722298

1119722292

9781119722281

1119722284

9781119722304

1119722306