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Practice Area: Treatises, Federal  Brand: WG&L

Federal Taxation of Partnerships and Partners  
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Federal Taxation of Partnerships and Partners, Fourth Edition, authored by three top expert practitioners in the field of partnership taxation and planning, is the internationally recognized and established leader for clear, accurate, and comprehensive analysis of the rules governing U.S. income taxation of transactions involving partners and partnerships.

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Part I -- General Concepts
Chapter 1: An Overview of Subchapter K
Chapter 2: Selection of the Form of Business Organization
Chapter 3: Defining “Partnerships” and “Partners” for Tax Purposes

Part II -- Acquisitions of Partnership Interests
Chapter 4: Receipt of a Partnership Interest in Exchange for a Contribution of Property
Chapter 5: Transfer of a Partnership Interest in Exchange for Services

Part III -- Basis of a Partner's Partnership Interest and the Impact of Partnership Liabilities
Chapter 6: Determining the Basis of a Partner's Partnership Interest
Chapter 7: Basis Consequences of Partnership Liabilities
Chapter 8: Determining a Partner's Share of Partnership Liabilities for Basis Purposes

Part IV -- Tax Aspects of Partnership Operations; Audit and Litigation; and Distributive Share Rules
Chapter 9: Tax Accounting for Partnership Operations
Chapter 10: TEFRA Partnership Audit and Litigation Rules
Chapter 11: Determining the Partners' Distributive Shares
Chapter 12: Distributive Share Allocations in Connection With Shifts in the Partners' Interests

Part V -- Terminations; Partnership-Partner Transactions; and Family Partnership Rules
Chapter 13: Termination of a Partnership
Chapter 14: Transactions Between Partnerships and Partners
Chapter 15: Family Partnership Rules

Part VI -- Transfers of Partnership Interests
Chapter 16: Sales, Exchanges, and Other Transfers of Partnership Interests
Chapter 17: Transfers of Interests in Collapsible Partnerships
Chapter 18: Incorporation of a Partnership

Part VII -- Partnership Distributions
Chapter 19: Distributions That Do Not Alter the Partners' Interests in Section 751 Property
Chapter 20: Post-Distribution Consequences to the Distributee
Chapter 21: Distributions That Alter the Partners' Interests in Section 751(b) Property

Part VIII -- Death or Retirement of a Partner
Chapter 22: Payments in Liquidation of the Interest of a Retired or Deceased Partner
Chapter 23: Special Problems Relating to the Death of a Partner

Part IX -- Adjustments to the Bases of Partnership Assets
Chapter 24: Adjustments to the Bases of Partnership Assets in Connection With Transfers of Partnership Interests
Chapter 25: Adjustments to the Bases of Partnership Assets in Connection With Distributions of Partnership Assets
Chapter 26: Special Basis Adjustments in Connection With Distributions to Transferee-Partners: Section 732(d)



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