This course provides a basic discussion of the federal taxation of partnerships and LLCs, including a number of tax topics that are relevant not only to an actual partnership entity, but also to the tax consequences for each of its owners and partners. The chapters cover fundamentals, basic concepts, partnership formation, partnership operations, basis in partnership interest, taxation of partners, and partnership terminations. This intermediate level course is most beneficial to professionals new to partnership and LLC taxation who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.