Loyola University Chicago

School of Law

Tax Law

123: Advanced Partnership Tax

Credit Hours




Partnerships continue to be a favored form for conducting business because of their flexibility and flow through status for tax purposes.  This course examines a variety of advanced partnership taxation topics including entity classification, drafting income allocations under § 704(b) and (c), allocation of partnership liabilities, disguised sales and other gain deferral provisions, sale and acquisition of partnership interests, and the treatment of distressed partnerships, if time permits. (C. Boyer)