MTAX 6485

Advanced Partnership Taxation

This course is an advanced federal income tax course focusing on the taxation of partnerships and their partners. Topics often include discussions on allocations of partnership income and loss under the substantial economic effect and the partners interest in the partnership rules, targeted capital accounts, allocation of debt to partners bases, hot assets, profits interests, related-party transactions, distribution waterfalls, profit and loss allocation waterfalls, and taxation of retiring partners. Students cannot receive credit for both MTAX 6485 and MTAX 6482. Restriction: Restricted to graduate business majors and NDGR majors with a sub-plan of NBA or CPA within the Business School.

Units: 3.0

Hours: 3 to 3