Читать книгу Taxation Essentials of LLCs and Partnerships - Larry Tunnell - Страница 5

Learning objectives

 Distinguish between the various types of partnerships and limited liability companies (LLCs).

 Identify the effects of investor contributions and distributions on their basis in a partnership or LLC interest.

 Determine how partnerships and LLCs opting to be treated as partnerships report their federal taxable income to the IRS and to investors.

 Identify considerations related to the application of the check-the-box rules when electing to treat an entity as a partnership, LLC, or corporation.

 Compute the tax consequences of converting from a corportion to an LLC (or partnership);

 Recognize when pass-through income from a partnership or LLC is subject to the self-employment tax.